The United Arab Emirates opened its embassy in Tel Aviv on Wednesday, with Israel's president attending the inauguration ceremony.

The embassy is situated in the Tel Aviv Stock Exchange building, and its opening followed the inauguration of Israel's embassy in the UAE last month.

The UAE's ambassador Mohamed Al Khaja raised his country's flag outside the building, with newly inaugurated Israeli President Isaac Herzog at his side. 

Israel and the UAE signed a U.S.-brokered normalization agreement in September 2020.

(With input from Reuters)