FlyDubai has reported a $229 million profit last year.

DUBAI – Dubai’s budget carrier flydubai said Wednesday that it would start flying twice daily to Tel Aviv later this month, becoming the first Emirati airline to announce regular service after a U.S.-brokered deal to normalize relations between the United Arab Emirates and Israel. Direct flights on flydubai between Dubai and Tel Aviv, two of the region’s financial hubs, will begin Nov. 26, the carrier said, the result of a bilateral air travel pact signed last month. The low-cost carrier operates out of both of Dubai’s airports, including Dubai International Airport, which was ranked the world’s busiest for international travel before the pandemic. Flydubai has code-share flights with Dubai’s flagship Emirates Airline, but the two operate independently. Bahrain swiftly followed the UAE in normalizing relations with Israel.