An Emirati company and an Israeli firm sign a strategic commercial agreement to jointly research and develop technology in the fight against the coronavirus.
APEX National Investment, of the UAE, and Israel’s TeraGroup sign the deal at a press conference in Abu Dhabi, according to the Emirati news agency WAM.
The two companies will work on developing a COVID-19 testing device to more quickly and accurately diagnose the disease.
TeraGroup is developing a COVID-19 testing device that aims to detect the disease in a patient’s breath and deliver results in one minute.
It wasn’t immediately clear if this project was part of the joint agreement with APEX.
Israel and the UAE signed a historic normalization agreement on Thursday, which included developing commercial ties between the two countries.
The two states have been quietly cooperating on their response to the coronavirus for months, which played a part in moving the normalization agreement forward, according to Friday reports.
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