Will Suez Canal feel impact of UAE-Israel normalization?
The potential economic agreements between the United Arab Emirates and Israel may reduce traffic through Egypt’s Suez Canal.
The United Arab Emirates (UAE) and Bahrain signed Sept. 15 an agreement to normalize relations with Israel at the White House, under the auspices of US President Donald Trump, who hailed it as “the dawn of a new Middle East.”
During the signing ceremony, UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan said that the fruits of this deal will be reflected in the entire region.