Israel and the United Arab Emirates are looking to strengthen trade ties after the two normalised relations last month.

DP World's Jebel Ali Free Zone and the Federation of Israeli Chambers of Commerce (FICC) agreed on Friday to a memorandum of understanding that will see the sides foster ties between the countries with the aim of boosting trade.

Since Israel and the UAE agreed to establish diplomatic relations on 15 September, there has been a flood of initiatives to open trade, energy, insurance and other activities between the two nations.