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January 17, 2022       Share:    

Source: https://www.wsj.com/articles/u-a-e-sovereign-wealth-fund-invests-100-million-in-israel-venture-capital-firms-11642164356

UAE Just Invested $100 Million in Israel's Tech Sector

(Wall Street Journal) Rory Jones - A major UAE sovereign-wealth fund has invested $100 million in venture-capital firms in Israel's technology sector, a fresh sign of deepening business and investment ties between the countries at the forefront of the Abraham Accords. Trade between the two counties is forecast to reach $2 billion this year, according to the UAE-Israel Business Council.

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