{"id":82385,"date":"2020-12-04T17:05:34","date_gmt":"2020-12-04T15:05:34","guid":{"rendered":"http:\/\/www.reunion68.se\/?p=82385"},"modified":"2020-11-28T08:55:49","modified_gmt":"2020-11-28T06:55:49","slug":"04-05-58","status":"publish","type":"post","link":"https:\/\/www.reunion68.se\/?p=82385","title":{"rendered":"UAE and Israel \u2013 a partnership that can help the world"},"content":{"rendered":"<h5 style=\"text-align: center;\"><a href=\"https:\/\/www.israel21c.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"center alignleft\" src=\"http:\/\/www.reunion68.com\/Biuletyn\/img\/israel21c.png\" alt=\"\" width=\"35%\" \/><\/a><span style=\"text-decoration: underline; color: #000080;\"><strong><a style=\"color: #000080; text-decoration: underline;\" href=\"https:\/\/www.israel21c.org\/uae-and-israel-a-partnership-that-can-help-the-world\/\" target=\"_blank\" rel=\"noopener noreferrer\">UAE and Israel \u2013 a partnership that can help the world<\/a><\/strong><\/span><\/h5>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>SABAH AL-BINALI <\/strong><\/span><\/p>\n<hr style=\"height: 15px; background: #d0e6fa; width: 100%;\" \/>\n<h5 style=\"text-align: center;\"><strong>Israel can help the UAE expose its tech startups to partners and investors in the West, while the UAE can be Israel\u2019s gateway to Asia and the East.<\/strong><\/h5>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.israel21c.org\/wp-content\/uploads\/2020\/11\/F200915YS55-1-1168x657.jpg\" width=\"100%\" \/><span style=\"color: #808080;\"><em>The flags of the United Arab Emirates, Israel, Bahrain and the United States are screened on the walls of Jerusalem&#8217;s Old City, on September 15, 2020. Photo by Yonatan Sindel\/Flash90<\/em><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">News of the\u00a0<a style=\"color: #000080;\" href=\"https:\/\/www.israel21c.org\/israel-uae-bahrain-sign-historic-abraham-accords\/\">Abraham Accords<\/a>\u00a0normalizing diplomatic relations between the UAE and Israel has been\u00a0<a style=\"color: #000080;\" href=\"https:\/\/blog.ourcrowd.com\/dr-sabah-al-binali-ourcrowd-venture-partner\/\" target=\"_blank\" rel=\"noopener noreferrer\">greeted with enthusiasm<\/a>\u00a0across Emirati society.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">The positive attitude is being led from the top. One striking example is the website of the Abu Dhabi Investment Office, which\u00a0<a style=\"color: #000080;\" href=\"https:\/\/www.investinabudhabi.ae\/he-IL\" target=\"_blank\" rel=\"noopener noreferrer\">appears in Hebrew<\/a> if you click on it from Israel. They are also running Hebrew promotions across social media and have announced that they will open an office in Israel.<\/span><\/p>\n<div class=\"article-body\">\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">News of the\u00a0<a style=\"color: #000080;\" href=\"https:\/\/www.israel21c.org\/israel-uae-bahrain-sign-historic-abraham-accords\/\">Abraham Accords<\/a>\u00a0normalizing diplomatic relations between the UAE and Israel has been\u00a0<a style=\"color: #000080;\" href=\"https:\/\/blog.ourcrowd.com\/dr-sabah-al-binali-ourcrowd-venture-partner\/\" target=\"_blank\" rel=\"noopener noreferrer\">greeted with enthusiasm<\/a>\u00a0across Emirati society.<\/span><img decoding=\"async\" class=\"wp-image-109385 size-full alignright\" title=\"Dr. Sabah Al-Binali, GCC VC Partner and Head of the Gulf Region at OurCrowd. Photo: courtesy\" src=\"https:\/\/www.israel21c.org\/wp-content\/uploads\/2020\/11\/Sabah.jpeg.jpg\" alt=\"\" width=\"40%\" \/><\/p>\n<div class=\"wp-caption-text\" style=\"text-align: right;\"><span style=\"color: #808080;\"><em>Dr. Sabah Al-Binali, GCC VC Partner and Head of the Gulf Region at OurCrowd. Photo: courtesy<\/em><\/span><\/div>\n<\/div>\n<p><span style=\"color: #000080;\">The positive attitude is being led from the top. One striking example is the website of the Abu Dhabi Investment Office, which\u00a0<a style=\"color: #000080;\" href=\"https:\/\/www.investinabudhabi.ae\/he-IL\" target=\"_blank\" rel=\"noopener noreferrer\">appears in Hebrew<\/a> if you click on it from Israel. They are also running Hebrew promotions across social media and have announced that they will open an office in Israel\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Many business executives in the Gulf already have friends and even business relationships with their Israeli counterparts. Many of us have spent time studying or working in the United States, Europe and elsewhere, and established connections with Jewish and Israeli colleagues that in some cases go back decades.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">The normalization of diplomatic relations now allows us to build commercial ties on existing social ties and new ones are already flourishing.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">The initial response to the Abraham Accords from Israel\u2019s business community was to welcome the opportunity to access funds in the UAE and Bahrain for investment in Israeli startups. While that is certainly one facet of the new relationship, it is by no means the only one \u2013 nor the most significant.<\/span><\/p>\n<div id=\"content\" class=\"content-alignment\">\n<div id=\"watch-description\" class=\"yt-uix-button-panel\">\n<div id=\"watch-description-text\" style=\"text-align: center;\">\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/X43AaiZ38Nk\" width=\"680\" height=\"400\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">While Israel has been building its Startup Nation on the western shores of the Middle East, the UAE has been developing its own high-tech sector over in the east.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Just like Israel, the UAE has been opening up to the world with its\u00a0<a style=\"color: #000080;\" href=\"https:\/\/www.youtube.com\/watch?v=X43AaiZ38Nk&amp;feature=youtu.be&amp;ab_channel=OurCrowd\" target=\"_blank\" rel=\"noopener noreferrer\">technology and entrepreneurship<\/a>. In the space of a few short years, the UAE has become a world leader in logistics, finance, sustainable energy, smart transportation and smart cities.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/www.dpworld.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">DP World<\/a>, Dubai\u2019s global ports company, has become the global trading gateway to Asia. The UAE has become a global financial, business, medical, hospitality and trading center.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">We have the world\u2019s largest solar power installations and through our commitment to zero emissions and zero waste we are developing the world\u2019s most water- and energy-efficient cities.<\/span><\/p>\n<h4 style=\"text-align: left;\"><strong>Investments in both directions<\/strong><\/h4>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">While much of this technology is imported, our commitment to world-class education, healthcare and technology has inspired our home-grown entrepreneurs to develop their own startup ecosystem.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Our ride-hailing startup Careem was acquired for more than $3 billion by Uber, and Souq, our first unicorn, was acquired by Amazon. We have even produced a world-class supercar that sells for millions of dollars, is rated among the very best, and starred in a Hollywood movie.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Having\u00a0<a style=\"color: #000080;\" href=\"https:\/\/www.linkedin.com\/pulse\/short-haul-across-silicon-beach-jonathan-medved\/\" target=\"_blank\" rel=\"noopener noreferrer\">ties with Israel<\/a>\u00a0helps the UAE to expose its technology startups to partners and investors in Israel, the US and the rest of the world.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">We are already seeing a wave of interest in funding startups here in the UAE, and discussions on how Emirati and Israeli innovators can build better technology by pooling their different approaches and experiences.<\/span><\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.israel21c.org\/wp-content\/uploads\/2020\/11\/Sabah_BBC.jpg\" width=\"100%\" \/><span style=\"color: #808080;\"><em>Screenshot of Sabah Al-Binali speaking on BBC World News<\/em><\/span><\/p>\n<h4 style=\"text-align: left;\"><strong>Complementary skillsets<\/strong><\/h4>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">The similar size of the Emirati and Israeli economies, and their complementary skillsets, make them extremely compatible for joint business ventures. The entrepreneurial and business mentality is strong in both countries.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Once the political normalization occurred, we saw how fast things can happen when both sides are experienced at striking cross-border deals. The two countries have the same working week from Sunday to Thursday, they are just three hours\u2019 flight time from each other and the time difference is only an hour, which makes doing business much easier than with the US or some Asian markets.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Everyone knew that the opportunity for cooperation existed, and now that the opportunity from a legal perspective has presented itself, people are moving.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Already, there are serious talks underway between entrepreneurs and investors on both sides across a wide range of sectors: Medical, agriculture, national security, cyber, financial technology, drones, artificial intelligence and much more.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">As the UAE develops into one of the world\u2019s finance hubs, fintech will become increasingly important. The same is true of logistics. At the same time, DP World, which runs the global shipping hub in Dubai, can bring expertise and knowledge in logistics to Israeli ports like Haifa and Ashdod.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">Israel has traditionally looked West toward Europe and the US. The UAE is the gateway to Asia and the East. We can also help Israeli businesses enter new markets in the Muslim world, including the huge opportunities in Malaysia, Indonesia and Pakistan.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000080;\">The Israel-UAE normalization can create a network that will connect the world\u2019s two hemispheres. This will benefit the economies of both countries, and the region. But if we think about the global markets that each party can help open for the other, this becomes a partnership that will benefit the entire world.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><span style=\"color: #808080;\"><em><a style=\"color: #808080;\" href=\"https:\/\/www.linkedin.com\/in\/albinali\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Dr. Sabah al-Binali<\/strong><\/a>\u00a0is GCC VC Partner and Head of the Gulf Region at\u00a0<\/em><a style=\"color: #808080;\" href=\"https:\/\/twitter.com\/OurCrowd\"><em>OurCrowd<\/em><\/a><em>, the Jerusalem-based global investment platform.<\/em><\/span><\/p>\n<hr style=\"height: 15px; background: #d0e6fa; width: 100%;\" \/>\n<div id=\"content\" class=\"content-alignment\">\n<div id=\"watch-description\" class=\"yt-uix-button-panel\">\n<div id=\"watch-description-text\" style=\"text-align: center;\">\n<p><em>Zawarto\u015b\u0107 publikowanych artyku\u0142\u00f3w i materia\u0142\u00f3w nie reprezentuje pogl\u0105d\u00f3w ani opinii Reunion&#8217;68,<\/em><em><br \/>\nani te\u017c webmastera Blogu Reunion&#8217;68, chyba ze jest to wyra\u017anie zaznaczone.<br \/>\nTwoje uwagi, linki, w\u0142asne artyku\u0142y lub wiadomo\u015bci prze\u015blij na adres:<br \/>\n<\/em><span style=\"color: #000080;\"><strong><em><a style=\"color: #000080;\" href=\"mailto:webmaster@reunion68.com\"><span style=\"text-decoration: underline;\">webmaster@reunion68.com<\/span><\/a><\/em><\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<hr style=\"width: 100%;\" \/>\n","protected":false},"excerpt":{"rendered":"<p>UAE and Israel \u2013 a partnership that can help the world SABAH AL-BINALI Israel can help the UAE expose its tech startups to partners and investors in the West, while the UAE can be Israel\u2019s gateway to Asia and the East. The flags of the United Arab Emirates, Israel, Bahrain and the United States are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[26,24],"_links":{"self":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts\/82385"}],"collection":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82385"}],"version-history":[{"count":9,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts\/82385\/revisions"}],"predecessor-version":[{"id":82404,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts\/82385\/revisions\/82404"}],"wp:attachment":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}