Israel and the United Arab Emirates have reached an agreement to normalize relations between the two countries for the first time since the establishment of the Jewish state in 1948, according to a report by Reuters Thursday afternoon.

The historic peace deal was brokered by the Trump administration, senior White House officials told Reuters.

Prime Minister Binyamin Netanyahu is expected to make a formal statement on the development at 7:00 p.m. Jerusalem time.

As part of the deal, Israel has agreed to suspend its plan to apply sovereignty over parts of Judea and Samaria.

“Israel will suspend declaring sovereignty over areas outlined in the President’s Vision for Peace and focus its efforts now on expanding ties with other countries in the Arab and Muslim world,” reads a joint statement to be issued by the US, Israel, and the UAE which President Trump tweeted out.

“Huge breakthrough,” Trump tweeted.

The president later hinted that more diplomatic breakthroughs between Israel and Arab states are likely to be announced.

“Things are happening that I can’t talk about.

The White House officials who spoke with Reuters said that agreement was the result of lengthy discussions between Israel and the United Arab Emirates, adding that the talks had been accelerated recently. Read more at Arutz-7