The EU Commission headquarters in Brussels. Reuters
The EU Commission headquarters in Brussels. Reuters
The EU Commission headquarters in Brussels. Reuters
The EU Commission headquarters in Brussels. Reuters

EU says UAE-Israel peace accord a ‘fundamental step’ for stability


  • English
  • Arabic

The European Union has welcomed the peace accord between the UAE and Israel to normalise relations, calling the move “a fundamental step for the stabilisation of the region as a whole”.

In remarks released by the EU following a flurry of earlier statements from European leaders and officials in Brussels, the 27-member bloc’s high representative said Israel’s agreement to suspend annexation of Palestinian territory was positive.

“The EU welcomes the announcement on the normalisation of relations between Israel and the United Arab Emirates, and acknowledges the constructive role played by the US in this respect,” Josep Borrell said.

“We remain committed to a comprehensive and lasting peace for the entire region and stand ready to work to this end together with our regional and international partners,” he added.

Israel and the UAE announced on Thursday they would begin to establish full diplomatic relations in a US-brokered deal that required Israel to halt its contentious plan to annex occupied West Bank land sought by the Palestinians.

  • US President Donald Trump speaks during a press conference at the White House in Washington, DC. Bloomberg
    US President Donald Trump speaks during a press conference at the White House in Washington, DC. Bloomberg
  • The agreement, known as the Abraham Accord, was announced on Thursday after a phone conversation between US President Donald Trump, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Israeli Prime Minister Benjamin Netanyahu.. AP Photo
    The agreement, known as the Abraham Accord, was announced on Thursday after a phone conversation between US President Donald Trump, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Israeli Prime Minister Benjamin Netanyahu.. AP Photo
  • The city hall in the Israeli coastal city of Tel Aviv is lit up in the colours of the UAE national flag after the deal was announced. AFP
    The city hall in the Israeli coastal city of Tel Aviv is lit up in the colours of the UAE national flag after the deal was announced. AFP
  • The city hall in the Israeli coastal city of Tel Aviv is lit up in the colours of the UAE national flag after the deal was announced. Reuters
    The city hall in the Israeli coastal city of Tel Aviv is lit up in the colours of the UAE national flag after the deal was announced. Reuters
  • The UAE agreed to establish diplomatic relations with Israel in exchange for the suspension of Israel's plan to annex large area of Palestinian territory in the West Bank. AFP
    The UAE agreed to establish diplomatic relations with Israel in exchange for the suspension of Israel's plan to annex large area of Palestinian territory in the West Bank. AFP
  • The accord envisages travel between the UAE and Israel, , trade and co-operation in areas such as food security, climate change and energy, according to a statement released by the US.. AFP
    The accord envisages travel between the UAE and Israel, , trade and co-operation in areas such as food security, climate change and energy, according to a statement released by the US.. AFP
  • The accord was welcomed by the United Nations Secretary General Antonio Guterres and the UN Special Co-ordinator for the Middle East Peace Process, Nikolay Mladenov. AP Photo
    The accord was welcomed by the United Nations Secretary General Antonio Guterres and the UN Special Co-ordinator for the Middle East Peace Process, Nikolay Mladenov. AP Photo

“Israel’s commitment to suspend plans to unilaterally annex areas of the occupied Palestinian territory is a positive step,” the statement from the EU’s foreign policy chief asserted.

"The EU remains firm in its commitment to a negotiated and viable two-state solution built upon the internationally agreed parameters and international law – and reaffirms its readiness to work towards the resumption of meaningful negotiations,” it added.

European governments in London, Paris and Berlin as well as other European capitals have also welcomed the deal.

Hugh Lovatt, a policy fellow with the Middle East and North Africa programme at the European Council on Foreign Relations (ECFR) told The National, that European policy makers had been taken by surprise by the agreement.

“As such, its impact on European thinking is still unclear,” he said. “While the deal has been welcome, official statements have also stressed this development should be a catalyst for renewed Israeli-Palestinian peace-making.”

The agreement has not been welcomed by all sides, with Palestinian President Mahmoud Abbas decrying the deal as a "betrayal".

Mr Lovatt said there were concerns that the deal had “decreased any incentive that Israel could have to end it occupation”.

Dr Anwar Gargash, Minister of State for Foreign Affairs, has stressed that “fundamentally, our initiative is not to solve the Arab-Israeli conflict – this is left to the Palestinian and Israelis.

"Rather, it is to contribute to defusing a time bomb that was threatening the two-state solution."

The ECFR expert said the regional shift created by the UAE-Israel deal had far-reaching implications for the region, affecting European policy from Iran to the eastern Mediterranean.

“The biggest impact of UAE-Israel normalisation will be its formalisation and strengthening of a regional partnership against Iran and Turkey,” Mr Lovatt said.

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.