Following the announcement of a peace accord with Israel, UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a decree cancelling a law on boycotting the country.
Federal Decree-Law No. 04 of 2020 announced on Saturday abolishes Federal Law No. 15 of 1972.
The decree comes as part of the UAE's efforts to expand diplomatic and commercial cooperation with Israel.
It lays out a roadmap towards launching joint cooperation, leading to bilateral relations by stimulating economic growth and promoting technological innovation.
Following the abolition of the Israel Boycott Law, individuals and companies in the UAE may 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.
It is now permitted to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them.
UAE President to begin state visit to Germany on Wednesday
H.H. Sheikh Hamdan marks 20 years leading Executive Council of Dubai
Dubai speeds up airport procedures with 'Click & Travel'
Dubai Metro’s ONPASSIVE station gets new name
UAE, Lebanon reaffirm commitment to stronger ties
Hili Forum highlights Gulf’s role in a changing global order
Sheikh Mansour approves family charter to protect children after divorce
H.H. Sheikh Mohammed hails Dubai Crown Prince as 'pillar' of his journey
