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Israeli President Isaac Herzog (L) and Emirati ambassador Mohamed Al Khaja at the ceremony. Photo: Jack Guez/AFP via Getty

The UAE inaugurated its embassy in Tel Aviv on Wednesday, 10 months after the signing of the Abraham Accords on the White House lawn.

State of play: Relations have progressed quickly since then, and the raising of the Emirati flag outside the embassy offices in the Tel Aviv stock exchange building on Wednesday was another symbolic step forward.

Driving the news: Two weeks ago, Foreign Minister Yair Lapid was the first Israeli minister to officially visit the UAE. During his visit, he inaugurated the Israeli Embassy in Abu Dhabi.

What they're saying: Emirati ambassador Mohamed Al Khaja and Israeli President Isaac Herzog both spoke at the ceremony, stressing the significance of the Abraham Accords and the importance of deepening relations further.

  • “We need to expand the Abraham Accords to more countries who want peace with Israel," Herzog said.

What to watch: Both Israeli and Emirati officials say they want to see the Biden administration engage much more deeply in the Abraham Accords process and on trilateral cooperation between Israel, the U.S. and the UAE.

  • Emirati diplomatic adviser Anwar Gargash raised that issue during talks at the White House this week with Biden's top Middle East adviser, Brett McGurk, per sources briefed on the meeting.

What's next: The new Israeli government will likely appoint an ambassador to the UAE soon.

Go deeper

Oct 21, 2021 - World

Israel to approve new construction in West Bank settlements

Bennett (L) and Biden discussed the settlements issue. Photo: Nicholas Kamm/AFP via Getty

Israel will approve the construction of 4,400 new homes in the West Bank next week: 3,10o in the Jewish settlements and 1,300 in Palestinian villages.

Why it matters: This will be the first time Israel has approved new settlement building since President Biden assumed office, and it's the first time since 2007 that it approves a significant number of new homes for Palestinians in "Area C" of the West Bank, which is controlled by Israel.

36 mins ago - World

Iran agrees to resume Vienna nuclear talks in November

Ali Bagheri (R) with Enrique Mora in Tehran on Oct. 14. Photo: Iranian Foreign Ministry handout via Getty

Iran's new chief nuclear negotiator said following a meeting in Brussels on Wednesday that Iran would resume negotiations in Vienna before the end of November, with the exact date to be set next week.

Why it matters: The Vienna talks have been frozen since Iran's new hardline president, Ebrahim Raisi, was elected in June. This is the most direct commitment from Raisi's government to return to the negotiating table.

Dan Primack, author of Pro Rata
6 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).