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Mubadala Eyes $1 Billion Gas Deal as UAE-Israel Ties Deepen

Abu Dhabi wealth fund may buy stake in Israel’s Tamar field
Israel and UAE signed a deal to normalize relations last year

Operations at the  Delek Drilling Tamar offshore gas field. — Operations at the Delek Drilling Tamar offshore gas field.
Source: Getty Images

By

Verity Ratcliffe, and

Anthony Di Paola

April 26, 2021, 6:54 AM UTCUpdated onApril 26, 2021, 3:03 PM UTC

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A United Arab Emirates sovereign wealth fund plans to buy a stake in an Israeli natural-gas field for as much as $1.1 billion, in what would be the biggest business deal since the nations normalized ties last year.