The UAE and Israel have agreed to set up a joint research and development fund to strengthen their cooperation in various fields and boost their commercial and economic relations…reports Asian Lite News
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Naftali Bennett, Prime Minister of Israel, who is currently visiting the UAE.
At the outset of the meeting, Sheikh Mohamed welcomed Bennett, expressing hope that the Israeli Prime Minister’s visit, which is the first visit to the country, would contribute to further cooperation for the benefit of the peoples of the two countries and the peoples of the region.
His Highness Sheikh Mohamed bin Zayed and the Prime Minister of Israel reviewed bilateral cooperation and means to further develop them in various investment, economic, trade and development areas, especially the agriculture, food security, renewable energy, advanced technology, health and other vital sectors under the framework of the Abraham Accords Peace Agreement that the two countries signed last year.
The meeting also touched upon the importance of Expo 2020 Dubai, especially for countries in the Middle East to take advantage of the opportunities and the latest sustainability solutions and innovations offered by the participating countries.
During the meeting, Sheikh Mohamed highlighted that the UAE’s foreign relations are based on firm principles of mutual respect, cooperation and upholding the values of coexistence and peace, noting that this is the best way to achieve the aspirations of peoples, expressing his hope that stability will prevail in the Middle East.
He said that the Middle East is a land of peace and a cradle of heavenly religions that shone over the whole world with the call of goodness and love.
For his part, the Israeli Prime Minister expressed his pleasure at his first visit to the UAE and his meeting with His Highness Sheikh Mohamed bin Zayed, commending the level of cooperation between the two countries and the steps they are taking based on the Abraham Accords signed by the two sides.
Concluding the meeting, the two sides highlighted the keenness to boost bilateral cooperation and joint action in an endeavour to enhance mutual interests and contribute to the consolidation of stability, security and development in the region. They also shed light on the importance of broadening qualitative partnerships in the investment and economic fields that serve the priorities of sustainable development in the two countries and the wider region.
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The meeting was attended by H.H. Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser; H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation; H.H. Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Zayed Higher Organisation for People of Determination (ZHO); H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; along with a number of Sheikhs and senior officials.
UAE, Israel set up joint research and development fund
The UAE and Israel have agreed to set up a joint research and development fund to strengthen their cooperation in various fields and boost their commercial and economic relations.
In a joint statement on the conclusion of Israeli Prime Minister Naftali Bennett’s visit to the UAE, the two nations stressed their desire to reinforce their cooperation in several areas.
The R&D fund will work to harness brilliant economic and technological minds in the UAE and Israel and find solutions to challenges such as climate change and desertification, as well as in clean energy and future agriculture.
The Israeli Prime Minister’s visit is a landmark in the development of UAE-Israeli relations and their significant partnership.
The two sides discussed a range of economic issues and other topics related to infrastructure, logistics and smart cities and the progress achieved in these spheres during the past year.
They seek to benefit from the points of strength and the strategic relations binding the Emirati and Israeli business community in order to enhance bilateral trade and innovation as well as to tap business opportunities in markets in the Middle East, Commonwealth of Independent States, East Asia and Africa.
The UAE and Israel also discussed their joint efforts to combat the COVID-19 pandemic and highlighted their research and development cooperation in laboratory tests and treatment. They lauded the high rate of vaccinated people in both countries, which are ranked first globally in vaccination.
The two sides reiterated their keenness to continue to encourage tourism and promote the values of inter-faith tolerance and development inter-people relations and peoples worldwide.