ABU DHABI - In a major step to normalise bilateral ties under US-brokered peace deal, a commercial flight from Israel landed in UAE on Monday.
Flight LY971 of the El Al airliner was carrying key US and Israeli officials including President Donald Trump's son-in-law and senior adviser Jared Kushner and Israel's National Security Adviser Meir Ben-Shabbat.
Kushner played a key role in bridging gap between the Arab country and Israeli.
The word "peace" was printed in Arabic, English and Hebrew above a cockpit window of the first commercial flight.
Another major thing happened in this episode is that when the flight was allowed to cross airspace of Saudi Arabia, which has blocked Israeli air traffic.
The UAE has become the third Arab country in the Middle East to recognise Israel.
On Saturday, UAE President Sheikh Khalifa bin Zayed Al Nahyan, has issued a decree, abolishing a law regarding boycotting Israel and the penalties thereof.
“The Decree comes as part of the UAE's efforts to expand diplomatic and commercial cooperation with Israel, and by laying out a roadmap towards launching joint cooperation, leading to bilateral relations by stimulating economic growth and promoting technological innovation,” said UAE’s official news agency WAM.
Following the abolition of the Israel Boycott Law,
The revocation of the law allows individuals and companies in the UAE to enter into agreements with bodies or individuals residing in Israel or belonging to it by their nationality, in terms of commercial, financial operations, or any other dealings of any nature.
Based on the Decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them.
On August, Israel and the UAE agreed to normalise bilateral relations, a deal hailed by US President Donald Trump.
Trump, Israeli Prime Minister Benjamin Netanyahu and Abu Dhabi Crown Prince Mohammed bin Zayed spoke that day when they strike the deal in this regard.
All the three parties hoped that the "historic breakthrough will advance peace in the Middle East".
The UAE's ambassador to the US, Yousef Al Otaiba, said in a statement that it was "a win for diplomacy and for the region".
"It is a significant advance in Arab-Israeli relations that lowers tensions and creates new energy for positive change," he added.
Pakistani rupee inches up against US dollar in the open market on 28 March, 2024.
In the open market, the US dollar was being quoted at 278.4 for buying and 281.4 for selling.
Euro moves down to 299.75 for buying and 302.75 for selling while British Pound hovers around 353.75 for buying, and 357.25 for selling.
UAE Dirham AED remains stable at 75.55 whereas the Saudi Riyal saw minor increase, with new rates at 73.70.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.4 | 281.4 |
Euro | EUR | 299.75 | 302.75 |
UK Pound Sterling | GBP | 353.75 | 357.25 |
U.A.E Dirham | AED | 75.55 | 76.3 |
Saudi Riyal | SAR | 73.7 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.45 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.70 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 901.14 | 910.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 168.56 | 170.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 724.36 | 732.36 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206.25 | 208.25 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
Copyright ©2024. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.