“First, it means Israel won’t — at least for now — annex parts of the West Bank, a move that would have all but shut the door on a two-state solution between the Israelis and Palestinians. The Israeli-occupied West Bank is home to nearly 3 million Palestinians as well some 500,000 Jewish settlers, and would form a critical part of any future independent state of Palestine.”
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“Second, this makes life a bit easier for Israel. The last peace deal it struck with an Arab country was with Jordan in 1994 (it signed one with Egypt in 1979). Now Israel can claim it has more friends in the region, possibly reducing the pressure on it regarding its relations with Palestinians.
Granted, both nations had quietly been working together in myriad areas, namely technology, for several years. But now, the countries can openly work together in key areas, mostly pressingly on a cure for the coronavirus.”
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“This agreement may help the UAE do business with Israel, which in turn should help the Arab nation’s economy. Put together, this deal is mostly a win-win for the UAE: It helps itself, and reduces the risk of a calamity happening in the region.”
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“Many caveats still apply, though. Among other possibilities, Israel and the UAE could hit many snags as they work on how, exactly, to normalize relations.”
https://www.vox.com/2020/8/13/21366509/israel-uae-peace-deal-trump-palestine