Dubai conglomerate Al Habtoor Group is to open a representative office in Israel, it said on Sunday.
The United Arab Emirates and Israel last week agreed to establish bilateral diplomatic and trade ties, which officials have said would create significant economic opportunities.
For all the latest headlines follow our Google News channel online or via the app.
The family-owned conglomerate portfolio covers the hospitality, construction, education and automotive sectors.
Al Habtoor Group, headed by prominent Emirati businessman Khalaf Ahmad al-Habtoor, is in talks with Israeli airline Israir to launch direct commercial flights to the UAE.
“We are preparing to reveal a few collaborations in the coming days,” he said in a statement.
Peace with Israel makes UAE ‘more connected’ to region: Emirati official
Historic Israel-UAE flight arrives in Abu Dhabi with delegation led by Jared Kushner
Watch: Israeli singer performs UAE national anthem following peace dealIsraeli singer Ziv Yechezkel, a Chareidi singer who specializes in liturgical hymns sung by Jews from Arab countries, performed the UAE National ... Variety
UAE, Bahrain deal with Israel will brighten future of youth in region: US officialThe United States did not pressure the United Arab Emirates or Bahrain to sign a normalization deal with Israel, but doing so will brighten the future ... Middle East
UAE’s Abu Dhabi Investment Office chooses Israel for first international officeThe UAE’s Abu Dhabi Investment Office (ADIO) has chosen Israel as the location for its first office outside the country, state media announced on ... Economy