President Donald Trump announces the normalization of relations between Israel and the UAE at the White House on August 13, 2020. (Photo: Whitehouse.gov)

Netanyahu expressed his hope for a prosperous future for Israel and its Arab neighbors, something once seen as a farfetched possibility.

He said the deal with the UAE, Israel’s first with a gulf state, is good for peace, good for security, and good for prosperity. 

The deal is drawing praise from Arab countries and the global community as an encouraging start to ending conflict in the region, boosting economic growth, and consolidating relations between nations.