Biden admin freezes ‘Abraham Fund’ created to boost joint Accords projects

Biden admin freezes ‘Abraham Fund’ created to boost joint Accords projects
Abraham Accords signing 15 Sep 2020. Fox News video. L-R: Bahrain. FM Khalid bin Ahmed Al Khalifa. Israel, Benjamin Netanyahu. President Trump. UAE, FM Sheikh Abdullah bin Zayed al Nahyan. Fox News video

[Ed. – This is wienerly passive-aggressive nonsense by the Biden administration.  Fingers seem to be pointing in various directions, but the bottom line is that it’s a boon for Iran and a failure of leadership.]

The Abraham Fund, created with great fanfare last year to help carry out the initiatives set forth in the Abraham Accords signed by Israel, United Arab Emirates, Bahrain, Sudan and Morocco, has been frozen indefinitely, according to US and Israeli sources quoted by the Globes business news site.

The Abraham Fund was set up after the Accords were signed in September 2020. The signatories to the Accords were to finance the Fund together with other nations that were expected to join as time went on. …

More than 10 projects in energy, food tech and fintech were approved. …

Trending: The key supporting effort appears to be underway on Trump’s operational timeline

The election of President Joe Biden and his new administration, however, brought all the Fund activity to a screeching halt.

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