UAE, Israel sign air transport services agreement

WAM

The UAE’s General Civil Aviation Authority (GCAA) has signed an air transport services agreement with the Civil Aviation Authority of Israel.

Flights between the countries are expected to start in a matter of weeks and the new deal will promote tourism and trade links.

Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of the GCAA, and Israel Katz, Minister of Transport of Israel, signed the pact during a meeting at Ben Gurion Airport in Tel Aviv on Tuesday.

Both sides discussed various topics of mutual interest in the field of civil aviation and other sectors.

"Under the agreement, Emirati airlines will be able to operate 28 passenger flights to Tel Aviv and unlimited flights to Eilat every week, in addition to cargo flights. As for unscheduled flights, we have agreed to not place any restrictions," said Al Marri.

"The agreement is an important step towards creating positive and beneficial relations between the two countries, following the signing of the Abrahamic Peace Accord that aims to establish the foundations of peace, achieve development and create opportunities for economic and social development in the region," he added.

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

Blogs