Top UAE Businessman Says Gulf States Should ‘Welcome’ Israeli Investments

“We need to welcome all sorts of investors, even investors that are very active in Israel, Israeli investors.”

By Benjamin Kerstein, The Algemeiner

A major business executive from the United Arab Emirates said the Gulf states should “welcome” investments from Israeli businesspeople.

Bloomberg reported that, speaking at a conference in the UAE capital Abu Dhabi, Ibrahim Ajami — head of the Mubadala Investment Co.’s venture capital arm — said, “We need to welcome all sorts of investors, even investors that are very active in Israel, Israeli investors that ultimately come to see opportunities in the region.”

“I don’t see a reason why we should not do that,” he added.

In response, Israeli venture capitalist Avi Eyal of Entree Capital told Ajami, “I’ll help you start an early-stage fund here in Abu Dhabi.”

“I’ll make sure that I bring my friends from Europe, from Israel, everywhere else to help maintain it, to help make it a success,” he added.

Afterward, the two men shook hands.

Israel is set to attend October’s World Expo, to be held in Dubai.

Although the Gulf states do not officially recognize Israel, low-profile business and diplomatic ties expanded in recent years, partly due to the mutual threat posed by Iran.

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