Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, issued a decree by Federal Law No. 4 of 2020 abolishing Federal Law No. 15 of 1972 regarding boycotting Israel and the penalties resulting from it, following the announcement of the peace treaty with Israel. The new decree comes within the framework of the UAE’s efforts to expand diplomatic and commercial cooperation with Israel, by setting a road map towards launching cooperation to achieve bilateral relations by stimulating economic growth and encouraging technological innovation. To check the news, click here.