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Landmark Israel UAE trip signals deepening ties


Landmark Israel UAE trip signals deepening ties
© Getty Images
The UAE was the first Gulf state to normalise relations with Israel
When Israel s Foreign Minister, Yair Lapid, steps onto United Arab Emirates soil on Tuesday it will be a landmark moment for his country and the Arab world.
Mr Lapid will become the first Israeli minister to pay an official visit to the Gulf state since Israel, the UAE and Bahrain signed a historic deal to normalise ties nine months ago.
During the two-day trip, Mr Lapid will meet his Emirati counterpart, Sheikh Abdullah bin Zayed Al Nahyan, and inaugurate the Israeli embassy and consulate office in Abu Dhabi and Dubai respectively. ....

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Trade deficit rises to record $74.4 billion in March


Trade deficit rises to record $74.4 billion in March
Niv Elis
© Getty Images
Trade deficit rises to record $74.4 billion in March
The trade deficit, the difference between how much the U.S. sells and buys internationally, reached a record $74.4 billion in March, according to Commerce Department data released Tuesday.
The 5.6 percent increase over February continues a steady trend of record-breaking deficits as the U.S. economy awakens from the COVID-19 pandemic, even as much of the world remains mired in restrictions amid outbreaks, slow vaccine rollouts and limited vaccine supply.
The overall level of trade increased for the month, with both imports and exports rising notably. But the $16.4 billion in additional imports outpaced the $12.4 billion growth in exports. ....

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