ANNOUNCEMENT 29 Aug 2020
In August 2020, ruler of UAE Sheikh Khalifa bin Zayed issued federal decree-Law No. 04 of 2020 that allows commercial deals with Israel.
NUMBER OF INTERVENTIONS
Emirates News Agency, Khalifa bin Zayed issues a decree to abolish the Israel Boycott Law, 29 August 2020.
Available at: http://wam.ae/en/details/1395302865596
On 29 August 2020, ruler of UAE Sheikh Khalifa bin Zayed Al Nahyan issued federal law no. 4 of 2020 that abolished federal law no. 15 of 1972 boycotting Israel. The new law allows Israelis to invest, exchange and possess Israeli goods in UAE.
The new law comes as part of UAE-Israeli peace treaty that exerts efforts to expand commercial and diplomatic cooperation to stimulate economic growth and technological innovation.