What is this deal?

The Middle East is on the brink of the new tectonic shift in the regional balance of power. The previous years were marked by the growth of the Iranian and Hezbollah influence and the decrease of the US grip on the region.  January 2020 started with the new Iranian-US confrontation that had all chances to turn into an open war. August 2020 appeared to mark the first peace agreement between an Arab state and Israel in more than 25 years. 

Israel and the United Arab Emirates have reached a historical peace agreement. US President Donald Trump announced the breakthrough agreement on August 13, calling Israel and the UAE “great friends” of his country. In a joint statement, Israel, the UAE and the U.S. said the agreement will advance peace in the Middle East. The statement praised the “bold diplomacy” and “vision” of the three country’s leaders. 

Delegations from Israel and the UAE are expected to meet within a few weeks to sign bilateral agreements regarding investment, tourism, direct flights, security, telecommunications, technology, energy, healthcare, culture, the environment, the establishment of reciprocal embassies, and other areas of mutual benefit.