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👋 Good Monday morning in the Middle East!
The United Arab Emirates and Israel will sift through the wreckage this week of one of the biggest would-be deals between the two countries since the September 2020 Abraham Accords. Regulatory authorities are being blamed for the collapse of a $675 million bid by Abu Dhabi’s ADQ sovereign wealth fund to buy control of Phoenix Holdings, Israel’s largest insurance company. While UAE leaders say they’re committed to normalization with Israel, the failure to close the Phoenix sale deals a setback to efforts at strengthening the…
