Israeli Parliament initially signed the agreement in Washington on September 15, 2020.
17 October 2020 Current Affairs:The Parliament of Israel, approved the historic normalization deal or the peace deal called as the Abraham Accord with the United Arab Emirates (UAE) on October 15, 2020. Israeli Parliament initially signed the agreement in Washington on September 15, 2020. Highlights: ♦ Eighty were voted in favour of the deal while 13 were opposed it. ♦ Israeli Prime Minister Benjamin Netanyahu called for peace with Lebanon which is Israel's neighbour in the north. ♦ The UAE and Bahrain became the first Gulf countries to agree upon the formulation of official relations with Israel. ♦ The two countries had recently launched US-led negotiations to end the dispute over their maritime border. ♦ Earlier, two Arab countries, namely Egypt and Jordan, had signed peace agreements with Israel. Israel-UAE peace deal: Under the Abraham Accord, the United Arab Emirates will establish diplomatic relations with Israel. While in return PM Benjamin Netanyahu has committed to giving up a plan to annex the West Bank. West bank is the main disputed territory that Palestine wants. Israel and the United Arab Emirates would also be finalizing the bilateral ties covering the areas of investment, tourism, the establishment of direct flights, energy, security, telecommunications, healthcare, technology, cultural exchange, environmental issues, and the establishment of embassies.