Since mid-August, several trade agreements have been signed between the two countries, in which they have agreed on a normalization of relations. Ashkenazi said agreements would be underway to allow Israeli airlines to travel directly to the United Arab Emirates and open new markets for Israeli technology and create official Israeli representations in the Gulf. “The first round of negotiations on a safeguarding and investment promotion agreement confirms the efforts of the two countries to establish investment partnerships in different areas,” Khoori said. The United Arab Emirates has concluded about 100 double taxation agreements covering most of its trading partners. “I hope that next week we can sign some (of these agreements) and that we will soon see tourists and businessmen visiting both countries and visiting the streets of Abu Dhabi and the beach, as well as in Jerusalem, our capital, the beaches of Tel Aviv and throughout the State of Israel.” “The Ministry of Finance is very keen to expand its network of international relations by signing agreements to avoid double taxation and agreements to protect and promote investment,” Khoori said. “There is a provisional agreement between the two countries to soon begin negotiations with Israel on the convention to avoid double taxation,” the UAE Finance Ministry said in a statement, citing Undersecretary of State Younis Haji Al Khoori. DUBA/JERUSALEM (Reuters) – The United Arab Emirates and Israel have reached a tentative agreement on preventing double taxation as part of measures to encourage investment between the two countries, the U.S. Ministry of Finance said on Thursday. Israel and the United Arab Emirates signed a standardization agreement on 15 September that established formal diplomatic relations. Israel ratified the agreement on Monday in a ministerial vote and in a parliamentary vote on Thursday. Etihad Airways, based in Abu Dhabi, has launched a Hebrew-language website, the airline said on Thursday.
(bit.ly/375PfXf) Ahead of Thursday`s ratification vote in the Israeli Parliament, Foreign Minister Gabi Ashkenazi said Abu Dhabi should send its first official delegation to Israel next week. Such tax treaties contribute to two countries imposing similar taxes on a taxpayer and are intended to encourage the exchange of goods, services and capital. An Israeli official said Tuesday that Israel and the United Arab Emirates will soon sign a trade agreement on air travel, a step that could pave the way for scheduled flights between the two countries. Our Standards: Thomson Reuters Trust Principles. Reporting by Davide Barbuscia and Dan Williams; Writing by Mark Potter A source, who was informed of the planning, said the delegation would come on Tuesday. The United Arab Emirates has not yet confirmed this.