The recent Israel-UAE deal is predicted to bring great economic benefits to the Middle East and be “good for the world."
OurCrowd Founder and CEO Jonathan Medved – whose equity crowdfunding platform focuses on investing in Israel and global startups – says the landmark deal that unites nations over threats such as COVID-19 and Iran is just the beginning of strategic partnerships that solidify both national and economic security alike.
“It’s the third peace treaty signed between Israel and one of its Arab neighbors – and the first one in ’79 with Egypt was transformational,” Medved told CBN News. “It took 15 years to get the second deal done with Jordan in 1994, and now – 26 years later – we’re doing number three, but what I can bet you is that it’s not going to take 26 years for number four, five and six.”
Finally getting its due respect
With Israel being a beacon of light, inspiration and hope in the volatile Powder Keg region – as the only democracy in the Middle East – for decades while consistently providing humanitarian, military and economic assistance to its neighbors, Medved is excited to see Arab nations finally acknowledging the Jewish State as an asset and valuable ally.
“We are going to work with perhaps the most progressive and interesting and developed Arab country in the United Arab Emirates on a broad range of interaction, including defense, intelligence, business, start-ups, tourism, civil aviation,” the venture capitalist informed, noting that the UAE is home to some of the world’s top investors. “I can’t wait to develop technologies together with their excellent hospitals and logistics companies and trading companies and construction companies in diverse areas – ranging from healthcare to property technology to smart cities to transportation, clean energy.”
Less than a year after participating at a panel discussion at the last SkyBridge Alternative Assets Conference (SALT) last December at UAE’s capital, Abu Dhabi, Medved stressed how “striking” the dynamic and ideal the business partnership between Israel and the UAE truly is.
“They were completely fine with me being open as an Israeli venture capitalist,” he shared. “I [asked], ‘Do you want me to speak about Israel from my panel?’ They said, ‘Absolutely. Why do you think we invited you here? We want you to talk about Israel.’”
And he foresees the bond between the two countries and continuing to grow well into the future – and benefit all.
“What’s rare is to find another country that has the same kind of breadth of interest that Israel represents – in terms of its start-up nation technology prowess,” Medved impressed. “Ultimately, it will be good for the world because this is a major step forward in terms of putting to bed this 72-year-old conflict – which has taken so much attention and costs so much money and lives and sorrow – and we’re moving into a new phase where people are saying, ‘You know what? This is not about one side winning or one side losing. This is about accepting reality, and the reality is that Israel’s here to stay.’”
The businessman is excited about the unlimited growth for all countries involved.
“We’re not going anywhere, and we have a lot to offer our partners in the region … and they want to work with us, and we want to work with them,” Medved concluded. “And we’ll figure out the politics – we’ll figure out all the remaining issues, but let’s get normalized. And this is a huge step forward in that regard, and I think it will create positive momentum, which we’ll be feeling over the next couple of months.”
Israel and UAE flying to new heights …
One of the immediate perks to the unprecedented Israel-UAE deal is the first commercial flight between the two nations slated for Monday.
A spokesman for Israel’s nation carrier announced the historic flight that will leave Tel Aviv.
“An official Israeli delegation will go to Abu Dhabi on a direct El Al flight for the first time ever,” he revealed Friday, according to AFP.
Among those on the flight will be President Donald Trump’s top aide Jared Kushner and U.S. National Security Advisor Robert O’Brien, while Israeli Prime Minister Benjamin Natanyahu’s office indicated Israeli National Security Advisor Meir Ben Shabbat will preside over the “professional delegation.”
Just two weeks after the August 13 negotiation, ventures to be discussed at the Abu Dhabi conference range from aviation, trade, tourism, security, energy and health, as reported by Natanyahu’s office.
“[Israel is also] working to enable direct flights over Saudi Arabia,” Netanyahu divulged, according to AFP.
Even though Saudi Arabia has no official ties with Israel, it is a close ally to the U.S. and UAE, and it was not disclosed whether Saudi Arabian airspace will be on the course of the first Israeli-UAE flight.
U.S. excited, too …
Israel, the UAE and outlying neighbors in the Middle East benefitting from the new pact are not the only nations excited about the nations’ groundbreaking pact, as U.S. Secretary of State Mike Pompeo expressed optimism about the influence of the plan while touring the region.
"I am hopeful that we will see other Arab nations join in this," Pompeo said while visiting Israel, according to Fox News.
America’s top foreign diplomat arrived in Israel after visiting other nations in Africa and the Middle East – including Sudan – earlier this week, as he and the Trump administration continue to ramp up its international promotion of partnering with Israel.