Israel, UAE trade ties marching ahead

Inayat-ur-Rahman, Business Editor

The Israel, UAE ties are on a solid growth track as the bilateral trade between both countries is expected to cross $3 billion by end of this year due to the Comprehensive Economic Partnership Agreement (CEPA) deal, which is effective from April 1st, 2023.

While interacting with the media at the sidelines of an event a leading Israeli entrepreneur Aya Zarmon told Gulf Today that the  Comprehensive Economic Partnership Agreement between the Israel and UAE and said, “CEPA will go a long way towards confidence building efforts between both countries.

After establishing herself in the United States as the owner and partner of an oil company, Global Oil & Gas ltd, Israeli entrepreneur Aya Zarmon has expanded into the cosmopolitan city of Dubai with her new venture oil and gas trading company in DMCC.

She said UAE government has undertaken major initiatives to attract foreign investment. Speaking about some of these steps she said, “The visionary leadership of this country has taken many steps to make UAE a global business hub for the entrepreneurs and few steps like allowing 100% foreign-owned businesses offering extended visas for entrepreneurs, providing funding and support for smaller businesses and attract international businesses to the region would further boost UAE’s economic growth landscape.”

Commenting on her company’s UAE operations and international expansion, Aya elaborated, “We forayed into Dubai market as it is an international hub and being here will help me leverage my network from all over the world. This city gave me the confidence and opportunities to discover my abilities. We recently came out with our new venture Royal Consulting and Commercial Broker Ltd. and under this ventures we will be dealing with consulting of a 9 billion UDS petrochemical project.   Dubai is one of the fastest growing cities in the world, it has a world class infrastructure, booming tourism, strong and transparent regulations and no other city in the world offers so much variety in technology as this city.”