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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 motorist alert: Abu Dhabi announces new toll gates on major highways

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Motorists travelling across Abu Dhabi may soon notice a shift in how road tolls are applied, as the emirate quietly expands its Darb toll system beyond island entry points to major highways.

New toll gates have been installed in strategic locations such as Ghantoot along the busy Dubai–Abu Dhabi corridor and in the Al Qurm area. While the structures are visible and clearly marked, authorities have confirmed they are not yet operational and are currently undergoing testing.

The move signals a broader approach to traffic management, aiming to ease congestion and improve flow on some of the UAE’s busiest routes. Unlike the earlier system focused on bridge access to Abu Dhabi Island, the expansion hints at a more comprehensive, network-wide tolling strategy.

For now, motorists are advised to stay updated through official channels and ensure their vehicles are registered on the TAMM platform to avoid penalties once the system goes live.

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Dubai’s senior citizens just got a new social hub: Thukher Club opens in Al Khawaneej

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Dubai is making sure its senior citizens are living their best lives. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, a brand-new branch of the Thukher Club has officially opened its doors in Al Khawaneej.

This isn’t just a community centre, it’s a high-tech, high-heart hub designed to keep seniors right at the centre of the action. Supervised by the Community Development Authority (CDA), the club is all about recognising that wisdom doesn’t retire, it just finds a better place to hang out.

What’s inside the new Al Khawaneej branch

  • Integrated facilities: Think workshop halls, social lounges, and spaces dedicated to health and fitness.
  • Generational knowledge: The club acts as a bridge where seniors can share their massive life experiences with younger generations.
  • Wellness first: From sports to cultural programmes, the focus is on staying active, healthy, and connected.
  • Group effort: This isn’t a solo mission. The CDA teamed up with heavy hitters like Dubai Police, Dubai Health, and Dubai Municipality to make sure the services are top-tier.

Hessa bint Essa Buhumaid, Director General of the CDA, highlighted that this move is part of the Dubai Social Agenda 33. The goal? To make the family the ‘Foundation of the Nation’ and ensure Dubai remains the best city in the world to live in, no matter your age.

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Extra cash for more families as UAE extends support to 2040

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Good news for Emirati families. The UAE just levelled up the Nafis programme, and it’s looking like a major win for those working in the private sector. In a move that basically says “we’ve got your back for the long haul,””the government has officially extended the initiative all the way to 2040.

So, what’s actually changing? The big headline is a new salary support package of up to Dh 3,000. This boost is specifically aimed at the children of Emirati women and the wives of Emirati citizens working in private firms. To get in on this, there’s a minimum salary threshold of Dh 6,000, making sure the support hits where it’s needed most.

But wait, there’s more. Remember the cap on child allowances? Yeah, that’s gone. The government has scrapped the limit on how many children can benefit, meaning bigger families get bigger support.

Mark your calendars:

  • New Beneficiaries: You’ll start seeing the impact in early September.
  • Existing Beneficiaries: Don’t worry, you aren’t being left out. The updates will roll out for you via a phased implementation over the next three years.

This initiative was officially announced by Sheikh Mansour bin Zayed Al Nahyan. It’s all part of a grand plan to make the private sector the ‘place to be’ for Emiratis for decades to come.

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