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UAE-Israel trade deal to be signed next year: Envoy

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The talks between Israel and the United Arab Emirates for a robust trade deal are advancing successfully and a signing ceremony will be held next year.

This was disclosed by Israel’s new ambassador to the UAE, Amir Hayek, while talking to the state news agency.

Hayek said that the Comprehensive Economic Partnership Agreement (CEPA) will be signed within the nine-month timeframe.

During the interview, he said that the sky is the limit in relations with the UAE, adding that the CEPA is vital for enhancing the bilateral trade ties.

Hayek’s interview comes as the Federation of Israeli Chambers of Commerce has projected that trade between the UAE and Israel could surge to $1.5 billion by the end of this year. The FICC sees this trade volume at over $5 billion within two to three years.

In the meantime, the president of the UAE-Israel Business Council said that the number of Israeli companies operating in the UAE is expected to double within a year.

In July, Dorian Barak, who is also the founder of Indigo Strategic Partners, said that he expects over 1,000 Israeli companies to be active in the UAE by next July. He said the coronavirus pandemic could be the only hurdle in enhancing bilateral economic ties.

Meanwhile, the UAE’s Economy Minister Abdulla Bin Touq has said that his country is seeking to grow economic ties with Israel to more than $1 trillion over the next decade.

Speaking at a virtual conference from the US, he said that the UAE has signed over 60 memorandums of understanding (MoUs) with Israel since normalising relations in 2020.

He added that currently, the UAE and Israel are engaged in up to $700 million dollars of bilateral trade and both sides have already announced joint funds of billions of dollars.

Earlier this month, the UAE also announced plans to strengthen its trade ties with the fast-growing economies in Asia and Africa.

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UAE warns drivers: Fines up to Dh2,000, 23 black points for risky driving during heavy rains

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Authorities across the UAE have issued a fresh warning to motorists, urging them to exercise extreme caution during ongoing unstable weather conditions. The reminder comes as part of efforts to enhance road safety and prevent accidents in high-risk areas such as valleys, flood zones, and near dams.

The UAE authorities emphasised that strict penalties are in place for violations during rainfall. Motorists found driving near valleys or flood-prone areas could face a fine of Dh1,000 along with 6 black points on their license.

More severe penalties apply to those who deliberately drive into flooded valleys, regardless of the water level or perceived danger. Offenders risk fines of up to Dh2,000, 23 black points, and a 60-day vehicle impoundment.

Additionally, authorities warned against obstructing emergency responders or traffic officials during adverse weather situations. Such actions could result in a Dh1,000 fine, 4 black points, and vehicle impoundment for up to 60 days.

Officials continue to urge drivers to prioritise safety, follow official advisories, and avoid unnecessary travel during severe weather conditions to prevent accidents and ensure smooth emergency response operations.


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Rains in UAE: Free public parking extended in Sharjah amid unstable weather

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In response to ongoing unstable weather conditions, Sharjah City Municipality has announced an extension of its public parking fee exemption across the emirate. The decision, effective from Monday, March 23, will remain in place until further notice, offering temporary relief to residents and visitors.

The waiver applies to all standard public parking zones, including those that typically require payment on weekdays and official holidays. These areas are identifiable by blue informational signage installed throughout the city.

However, authorities clarified that smart parking yards are excluded from the exemption and will continue to operate under regular paid parking rules.

Officials have urged the public to stay informed through official communication channels, including the municipality’s social media platforms and helpline services, as weather conditions continue to evolve.

The move reflects Sharjah’s ongoing efforts to support public safety and convenience during periods of disruption, ensuring smoother mobility across the city.


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Look: How Dubai’s RTA works round the clock to keep roads safe amid unstable weather

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Behind every safe journey in Dubai, a massive coordinated effort is underway. Safety during rainy conditions remains a top priority, says the Roads and Transport Authority (RTA).

The authority has been operating 24/7 on the ground during the recent spell of unstable weather, working to manage traffic flow, clear water accumulation and provide real-time alerts to motorists across the city.

RTA teams are closely monitoring conditions through a central command system in coordination with strategic partners, ensuring quick response times and minimal disruption on key roads.

Motorists have been urged to follow safety guidelines and drive cautiously during rainy conditions.

At the same time, Dubai Municipality has activated its full emergency response system, deploying more than 2,800 personnel, including engineers, supervisors and field workers, to tackle waterlogging and weather-related incidents.

The large-scale operation includes hundreds of pumps, tankers and heavy vehicles working continuously to drain flooded streets, particularly on major roads and previously affected areas. Ongoing maintenance of drainage networks is also being carried out to boost capacity and reduce water pooling.

Together, these efforts reflect a city-wide response aimed at ensuring residents remain safe and traffic continues to move smoothly despite challenging weather conditions.

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