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The deal will formally be known as the "Abraham Accords. The UAE follows Egypt and Jordan in becoming one of only three Arab states, and the only Gulf state, to agree to a peace deal with Israel.
The agreement was negotiated by White House senior adviser Jared Kushner, U.S. Ambassador to Israel David Friedman, Middle East envoy Avi Berkowitz, national security adviser Robert O'Brien, and Secretary of State Mike Pompeo.
The two countries are expected to establish and exchange ambassadors and embassies in short order. This historic agreement also gives President Trump a solid diplomatic victory ahead of his November 3 re-election bid.