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Home In Brief

US announces joint Israel-UAE fund to encourage regional cooperation

by  Reuters and ILH Staff
Published on  10-22-2020 07:12
Last modified: 10-22-2020 06:12
US announces joint Israel-UAE fund to encourage regional cooperationReuters

The flags of the U.S., United Arab Emirates, Israel and Bahrain flutter along a road in Netanya, Israel | File photo: Reuters

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The United States, Israel and the United Arab Emirates will set up a fund to encourage private-sector investment and regional cooperation, US International Development Finance Corporation head Adam Boehler said on Tuesday.

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Speaking at a ceremony to mark the arrival of the first official UAE delegation in Israel, Boehler envisaged funding to enable the modernisation of Israeli-operated checkpoints for Palestinians.

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