Israeli delegations bask in UAE glow, even as details few

In this news, we discuss the Israeli delegations bask in UAE glow, even as details few.

Another plane filled with Israeli businessmen excited about their new access to the United Arab Emirates touched down in Dubai this week, the latest whirlwind trip seeking to capitalize on a deal brokered by the United States to normalize relations between the countries. But like the normalization agreement itself, inked on the White House lawn last month with great fanfare, the constant stream of statements from high-profile Israeli investors and moguls descending on Dubai is bubbling, but not very detailed.

“One of the most touching and exciting things for any individual in Israel… is the fact that it could be an openness to cooperation, an openness to goodwill,” Erel Margalit, founder of Jerusalem Venture Partners, a country’s venture capital fund. flourishing tech scene, the Associated Press told Tuesday. Trailed by an entourage of 14 Israeli start-up executives, a slew of Israeli photographers, foreign journalists and public relations, Margalit walked through the international financial center of Dubai, dotted with skyscrapers, to meet officials, investors and Emirati entrepreneurs.

After years of conducting such deals only in the shadows, Israelis are basking in the photo ops, which herald wider political change in the region. But the buzz also lays bare the differences between the two countries. In the UAE, well-paid locals who rarely mix with the country’s millions of expatriates tend to shy away from press attention. The state owns or closely controls the local media.

On Tuesday, an Emirati official accompanying the United Arab Emirates’ food security minister for talks with Margalit was visibly upset by the crush of photographers swarming around their elbows in the glass-walled conference room. Although the Emiratis have long had behind-the-scenes ties to Israeli companies and officials, Israel was publicly viewed as a political pariah. The sight of a small Israeli flag on the delegation welcome sign outside the Ritz Carlton in Dubai this week again drew some catches and iPhone snapshots of most passers-by.

Reflecting the lingering sensitivities, Margalit declined to name any of the Emirati investors or potential partners to start the week of meetings. He also said that Palestinian contractors flew with the delegation, but did not give details “for them”. The Palestinian leadership has rejected normalization as erasing one of its few advantages in moribund peace talks with Israel. “In Israel, people sometimes want to jump to the deal,” Margalit said. “This is what I say to my many Israeli friends, be patient because here it takes time to build trust.” For relations to thrive, the grandeur of Israel’s business goals must be matched with an awareness of the uncertainty of the situation, said Ritam Chaurey, an expert in international economics at the Johns Hopkins School of Advanced International Studies.

“Ideally, we would expect this to be an on / off switch,” he said. “But I expect the lingering suspicion on both sides to play a big role, especially at the start.” Still, Margalit is not disheartened, promising to build an “innovation hub” in Dubai for cybernetic, food, medical and financial technologies, like other successful hubs he has created in New York and the United States. Galilee region in Israel. “We will not do something small, we will do something exceptional with the people here,” he said.

News Highlights:

  • Trailed by an entourage of 14 Israeli start-up executives, a slew of Israeli photographers, foreign journalists and public relations, Margalit walked through the international financial center of Dubai, dotted with skyscrapers, to meet officials, investors and Emirati entrepreneurs. After years of conducting such deals only in the shadows, Israelis are basking in the photo ops, which herald broader political change in the region.
  • Israeli delegations bask in UAE glow, so few details
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