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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 weather: Cooler weekend ahead but watch out for strong winds

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The UAE is set for another hot day on Friday before weather conditions begin to shift over the weekend, bringing dust, stronger winds, and slightly cooler temperatures across parts of the country.

According to the National Centre of Meteorology (NCM), Friday’s weather will remain generally fair, although temperatures are expected to rise slightly in several areas.

Inland regions could see temperatures climb between 40°C and 46°C, while coastal and island areas are forecast to reach between 36°C and 42°C. Mountainous areas will remain comparatively cooler, with temperatures ranging from 27°C to 32°C.

Winds are expected to stay light to moderate during the day but may strengthen at times, reaching speeds of up to 40 km/h and creating rougher sea conditions in the Arabian Gulf later at night. The Oman Sea is expected to remain slight to moderate.

The weather is then forecast to change on Saturday, with dust and blowing sand likely to affect parts of the UAE as winds become more active. Temperatures are also expected to ease slightly compared to Friday.

By Sunday, skies could turn partly cloudy, especially in eastern areas, while humidity levels are expected to increase overnight and into Monday morning across some coastal and internal regions. Forecasters also warned of possible mist formation in western areas during the early morning hours.

Looking ahead to Monday and Tuesday, temperatures are expected to rise again gradually, with generally fair to partly cloudy weather continuing across the country. Sea conditions are also forecast to improve, becoming calmer in both the Arabian Gulf and Oman Sea by early next week.

The shifting conditions come as the UAE moves deeper into the summer season, with residents already experiencing rising temperatures and occasional dusty weather patterns across several emirates.

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Dubai announces new VAT charges on parking and Salik

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Dubai motorists are set to see a noticeable change in how they pay for parking and toll services from June 1, after both Parkin and Salik confirmed that a 5 per cent Value Added Tax (VAT) will officially apply to several services across the city.

The update means drivers using public parking, toll gates and related services will now pay slightly more as part of the UAE’s tax regulations.

According to Parkin, VAT will apply to on-street and off-street parking, seasonal parking cards, permits and reservation services. Meanwhile, Salik confirmed the same tax will also be added to toll gate charges and Salik tag activation fees starting from the same date.

The companies said the collected VAT will be transferred to the UAE’s Federal Tax Authority in line with existing tax laws.

But the changes do not stop there.

Fully cashless payment

In another major shift, Dubai is also moving one step closer towards becoming a fully cashless city. Parkin confirmed that cash payments at parking meters across Dubai will be phased out from June 1 as part of the emirate’s wider digital transformation strategy.

Drivers will still be able to pay for parking using several digital methods, including:

  • The Parkin app
  • SMS parking payments
  • Dubai Now app
  • RTA app
  • Nol cards

The move is expected to make parking payments faster and more streamlined, while reducing the need for cash transactions across the city.

For many motorists, the changes may slightly increase day-to-day driving costs, especially for residents who regularly use paid parking zones and Salik gates during daily commutes.

Dubai has increasingly been expanding smart mobility and cashless services in recent years, with digital transport systems, app-based payments and AI-powered parking technology becoming a larger part of the city’s infrastructure.

Parkin has advised customers to follow its official channels for additional updates and guidance as the new system rolls out.

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Traffic alert: New diversion announced on Sharjah’s Al Khan Road starting Friday

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Sharjah Roads and Transport Authority has announced a temporary traffic diversion on Al Khan Road as part of ongoing road expansion and bridge construction works aimed at improving traffic flow across the emirate.

The diversion will take effect from Friday, with authorities urging motorists to follow approved detour routes and traffic instructions during the construction period.

According to the authority, the works are part of wider infrastructure upgrades designed to reduce congestion and enhance connectivity in one of Sharjah’s busiest traffic corridors.

Drivers have been advised to plan journeys, use alternative routes where possible and comply with traffic safety guidelines to help maintain smooth traffic movement in the area.

The project forms part of Sharjah’s broader transport development strategy focused on upgrading road networks and supporting the emirate’s growing population and mobility needs.

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