Ramallah - Palestine Economy Portal.

Decades of secret relations in the economic, military and technological fields between the UAE and the Israeli occupation state paved the way for the normalization agreement between them under American auspices on August 13, 2020.

The agreement did not come surprising, however it was described as a stab in the back of Palestinian cause. Luxembourg Foreign Minister Jean Asselborn considered it "a sale of the Palestinian cause in order to achieve economic gains."

The volume of investments and deals between the UAE and Israeli technology companies, aviation industries and weapons are estimated between 300-500 million dollars annually, and researchers have confirmed that economic relations between the UAE and Israel will witness a greater recovery, especially in the tourism, electronics, technology and cyber sectors

the Wall street Journal quoted and Israeli companies saying they received dozens of letters and phone calls from Israelis and Emiratis interested in entering the other market. It also announced that it is working with Emirati partners to establish a kind of chambers of commerce or Professional organizations, to formalize bilateral trade relations.

While "Bloomberg" suggested that the emirate of Dubai would exploit the normalization agreement more than others through air travel, tourism, investment, security and communications. Here, airlines and tourism companies in both countries rushed to conclude mutual agreements, not the first of which is an agreement to organize reciprocal marketing campaigns for tourism between the private Israeli airline "Israir" With the Al Habtoor Group.

For its part, the Emirates' Etihad Airways sold tickets to Israeli travelers, in the run-up to the regular commercial flights between the Emirates and the occupation, and on the opposite side, the Israeli Al-Al Airlines said it would operate its commercial flights to the Emirates

The director of "Israir" company expected that one million Israelis would go to the Emirates for tourism within two years, while Emirati experts estimated the number of tourists coming from the UAE to "Israel" at about 750,000 tourists annually, and the preparations for starting tourism between the two countries would take between 3 to 4 months, until Tourism movement begins to realize its potential.