Etihad says it welcomes the opportunity to explore operations between Abu Dhabi and Tel Aviv. Courtesy Etihad
Etihad says it welcomes the opportunity to explore operations between Abu Dhabi and Tel Aviv. Courtesy Etihad
Etihad says it welcomes the opportunity to explore operations between Abu Dhabi and Tel Aviv. Courtesy Etihad
Etihad says it welcomes the opportunity to explore operations between Abu Dhabi and Tel Aviv. Courtesy Etihad

Etihad 'welcomes opportunity' for future flights between UAE and Israel


Hayley Skirka
  • English
  • Arabic

As the UAE and Israel get set to sign an agreement normalising relations later today in Washington, the national airline of the UAE is looking forward to being able to introduce commercial flights between the countries.

Etihad Airways was the first commercial airline from the Gulf to announce a landing in Tel Aviv. In May, the airline flew to Ben Gurion Airport transporting medical supplies for Palestine. A second Etihad flight between Israel and Abu Dhabi operated in June, also for a coronavirus-related humanitarian mission.

Etihad welcomes the opportunity to explore operations between the two cities once a bilateral Air Services Agreement (ASA) is established

These humanitarian flights were special services, but the Abu Dhabi airline now says it is welcoming the chance to introduce more flight links between the countries.

"Etihad is the first commercial airline from the Gulf to have landed in Israel and welcomes the opportunity to explore operations between the two cities once a bilateral Air Services Agreement (ASA) is established and regulatory approvals have been obtained," a spokesepeson from the airline told The National.

"The result of a new bilateral ASA will not only lead to co-operation across various industries, but to stronger economic ties."

First flight from Israel to Abu Dhabi

On August 31, 2020, an Israel El Al plane, adorned with the word peace in Arabic, English and Hebrew, arrives at Abu Dhabi International Airport. AFP
On August 31, 2020, an Israel El Al plane, adorned with the word peace in Arabic, English and Hebrew, arrives at Abu Dhabi International Airport. AFP

Last month, Israeli airline El Al operated the first direct commercial passenger flight from Israel to the UAE. Flight LY971 flew from Tel Aviv with the word peace adorned on its livery in Arabic, Hebrew and English. The flight passed over Saudi Arabian air space as it carried a high-ranking American and Israeli delegation to Abu Dhabi.

Bahrain will join the UAE and Israel to sign the peace agreement at the White House on Tuesday.

There are currently no direct commercial flights on offer between Abu Dhabi and Tel Aviv, but an Israeli travel agency has started selling general Etihad flight tickets to its customers.

From September 1, travellers in Israel have been able to purchase Etihad tickets directly from Tal Aviation. The agency said it introduced the service after noticing an increase in demand for Etihad flight tickets as the Abu Dhabi airline resumed services to more destinations.

"Over the past few weeks, we've seen an increase in demand in the Israeli market and a desire to get back to flying," said Nissim Sagis, Tal Aviation's chief commercial officer. "We are excited at the opportunity of working with our new partner, Etihad, and to be able to offer our Israeli customers the ability of experiencing the airline's superior levels of in-flight service to many destinations across its extensive global route network."

Travellers in Israel can now purchase Etihad flight tickets from Tal Aviation, an Israeli travel agency. Courtesy Etihad
Travellers in Israel can now purchase Etihad flight tickets from Tal Aviation, an Israeli travel agency. Courtesy Etihad

Israeli travellers cannot currently fly directly to Abu Dhabi with the airline, but can take an Etihad flight from Athens, Amman or Istanbul. Once in the UAE, they can transit to many of the airline’s destinations.

Etihad has announced the resumption of flights to 58 destinations around the world, with Casablanca and Rabat the latest to be added to the network.

In an effort to encourage travel, the airline has also introduced free medical cover for Covid-19 for all passengers flying with Etihad.

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Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less