Abraham Accords Peace Agreement

Overview:

What is Abraham Accords?

The Abraham Accords were a peace agreement between Israel, the United Arab Emirates and Bahrain, mediated by the United States. According to the agreement the United Arab Emirates and Bahrain recognized Israel's sovereignty, and established full diplomatic relations.

The name of the Abraham Accords is rooted in the common belief of the Abrahamic religions particularly Judaism, Christianity, and Islam regarding the role of Abraham as a spiritual patriarch.

Abraham Accords Signed On:

Initially, it was announced on August 13, 2020, that only Israel and the United Arab Emirates would sign the Abraham Accords however a follow-up agreement between Israel and Bahrain on September 11, 2020, was also announced. On September 15, 2020, the Abraham Accords were signed at the White House as the United States mediated it.

It is the first instance of Israel since 1994 to establish full diplomatic relations with an Arab country, when the Israel–Jordan peace treaty was signed.

Signatories:

The Abraham Accords were signed by Israel, the United Arab Emirates and Bahrain.

Mediators:

The Abraham Accords were mediated by the United States of America.

Objectives:

The Abraham Accords were a peace agreement based on the premise that diplomacy and communication would promote greater stability, prosperity, and hope. Abraham Accords signatories are working together to create a brighter future for all. The peace agreement opened the door to a much wider range of economic cooperation between the signatories.

Abraham Fund:

The Abraham Fund was a program sponsored by the U.S. Government and was supposed to raise $3 billion to boost trade and agriculture in the region, facilitate access to clean water and affordable electricity, and enable strategic infrastructure projects. However, after numerous efforts by the then-U.S. government, the fund never received any money, and no projects were ever begun and now the fund's future is uncertain.