The White House “suspended the Abraham Fund indefinitely,” Israeli financial paper Globes reported last week, citing US and Israeli sources. The public-private partnership was established last year after Israel signed the US-brokered Abraham Accords with the United Arab Emirates and Bahrain, the first peace deals between the Jewish state and Arab nations in decades. The Trump administration called the Abraham Fund “an integral part” of the peace deals; it would “mobilize more than $3 billion in private-sector-led investment” to demonstrate “the benefits of peace by improving the lives of the region’s peoples.” It was opened to Morocco and Sudan when they joined the accords too. It was smart diplomacy: The fund would nurture more peace deals as it showed how Arab-Israeli cooperation brought prosperity all over the Middle East.
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