"We have seen tremendous and tangible results in terms of the UAE-Israel relationship, said US Acting Assistant Secretary for Near Eastern Affairs Yael Lempert.
The fund, which aims to raise $100M as its first move, will invest in Israeli and Emirati start-ups developing cybersecurity, smart city, insure-tech, fintech and public safety technologies.
PM Naftali Bennett, Egyptian President Abdel Fattah al-Sisi and Crown Prince of Abu Dhabi Mohammed bin Zayed held a joint meeting in Sharm El-Sheikh.
PM Naftali Bennett and Crown Prince of Abu Dhabi Mohammed bin Zayed met with Egyptian President a-Sisi in Sharm el-Sheikh.
The organization’s first office in an Arab or majority-Muslim state, will endeavor to serve as a nongovernmental bridge between Arabs and Jews, Emiratis and Israelis, and the US and the Gulf.
The discovery of structures such as these prove that Neolithic settlements existed in the area before long-distance maritime trade routes were established.
The commitment will be made by Apollo-managed funds and clients and include a $500 million investment in a land joint venture.
Six of the UAE emirates ceased being British protectorates 50 years ago when they joined a federation. The seventh joined in 1972.
US Embassy in UAE initially warned citizens of "possible missile or drone strike."
The UAE on Monday intercepted a missile during a visit by Israel's president, the third such attack in two weeks claimed by the Iran-aligned Houthi movement.