(Bloomberg) -- The United Arab Emirates and Israel reached an initial agreement to start talks to avoid double taxation as part of efforts to boost ties between the two nations.
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The talks are set to begin soon, state-run WAM news agency reported, citing the UAE finance ministry’s undersecretray Younis Al-Khoori.
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Earlier this week, the Israeli cabinet approved an accord to normalize relations with the Gulf Arab state. The U.S.-brokered pact with the UAE -- Israel’s third with an Arab state -- was signed at the White House last month.
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