A year ago this Friday, Israel, the U.S., and the United Emirates announced the peace agreement known as the Abraham Accords. Zev Stub takes stock of the economic benefits the agreement has brought.

During 2020 and the first six months of 2021, Israel exported $197 million of goods and services to the UAE, and imported about $372 million. Trade could reach $1 billion for the whole of 2021, and could exceed $3 billion within three years, according to the UAE-Israel Business Council.

[These figures don’t] include tourism or investments between the countries. The largest commercial agreement so far between the two countries was Delek Drilling’s sale of its 22-percent share in the offshore Tamar natural-gas field to Abu Dhabi’s Mubdala Petroleum Company for $1.1 billion in April.

Israeli companies are starting to recognize the potential offered by the UAE’s economic ecosystem, said Dorian Barak, an investor and the co-founder of the UAE-Israel Business Council. “Israelis are always looking for ways to do business in South Asia, East Africa, India, and Bangladesh,” Barak said. “These are markets with two billion people, and you can’t work with them from Tel Aviv. The UAE is the place where everyone congregates to do business, and Israel has finally been admitted to that club.”

The Mossad’s heist of a vast Iranian nuclear archive in 2018 provided abundant evidence that Tehran was not adhering to its commitments; it also provided an enormous amount of actionable intelligence. Two years later, Israel responded to international inspectors’ condemnation of the Islamic Republic’s violations by using this intelligence to launch a spectacular campaign of sabotage—a campaign that is the subject of Target Tehran, by Yonah Jeremy Bob and Ilan Evyatar. David Adesnik writes:

The question that remains open at the conclusion of Target Tehran is whether the Mossad’s tactical wizardry adds up to strategic success in the shadow war with Iran. The authors give a very respectful hearing to skeptics—such as the former Mossad director Tamir Pardo—who believe the country should have embraced the 2015 nuclear deal with Iran. Bob and Evyatar reject that position, arguing that covert action has proven itself the best way to slow down the nuclear program. They acknowledge, however, that the clerical regime remains fully determined to reach the nuclear threshold. “The Mossad’s secret war, in other words, is not over. Indeed, it may never end,” they write.

Which brings us back to Joe Biden. The clerical regime was headed over a financial cliff when Biden took office, thanks to the reimposition of sanctions after Washington withdrew from the nuclear deal. The billions flowing into Iran on Biden’s watch have made it that much easier for the regime to rebuild whatever Mossad destroys in addition to weathering nationwide protests on behalf of women, life, and freedom. Until Washington and Jerusalem get on the same page—and stay there—Tehran’s nuclear ambitions will remain an affordable luxury for a dictatorship at war with its citizens.