KATHMANDU: The historic Abraham Accord signed between Israel and the UAE is expected to be a boon for business and geopolitical stability.

Speaking to international journalists at a Zoom meeting on Wednesday, Eliav Benjamin, the Director of the Coordination Department of the Ministry of Foreign Affairs of Israel, said the agreement has been touted as a “win-win” situation for Israel and UAE, which he claimed has been expected to be a boon for business and geopolitical stability.

“The agreement will open up the avenues and prospects for Israelis in the UAE, while the deal offers the possibility to access the Israeli technology for the Emiratis,” he told the meeting adding that people of both the countries will benefit from it.

He labelled the agreement as “huge and significant” in which Israel looks forward to implement it at the earliest.

It should be noted that Israel and the UAE signed the Abraham Accord on August 17 mediated by US President Donald Trump in which the two countries will establish full diplomatic relations, with the UAE becoming the third Arab state to fully recognize Israel.

With this, Israelis and Emiratis will be engulfed in charm offenses, dreams of travel and business.

The agreement also vows to establish normal relations between Israel and the UAE which also include business relations, direct flights, tourism, scientific cooperation, full diplomatic ties at the ambassadorial level.

He said that the agreement will enhance security cooperation against regional threats.

Participants at the meeting raised the issue of US involvement in the deal, any possibility of talks to establish ties between Israel and Sudan, among others.

Carmelo Jorda from Spain was concerned to know whether other countries will establish creations with Israel.

Benjamin said Israel being the most technologically advanced country in the Middle East, with cutting-edge inventions can propel the UAE to a new level of prosperity.