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The agreements bring "a pivot in history," Israeli Prime Minister Benjamin Netanyahu said before a signing ceremony at the White House.
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President Trump brokers the historic agreement. The United Arab Emirates and Israel will move toward bilateral diplomatic relations, and Israel will suspend plans to annex portions of the West Bank.
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The Trump Mideast plan would recognize Israeli sovereignty over land Palestinians want for a future state, but the administration urged Israel to hold off.
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The plan sides with Israel on many major sticking points of the Israeli-Palestinian conflict, such as allowing Israel to annex West Bank areas. The EU said it would challenge annexation efforts.
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President Trump declared that his "vision presents a win-win opportunity for both sides."Palestinian Authority President Mahmoud Abbas has called it a "disastrous announcement."
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In a televised speech, the prime minister called the charges against him "ridiculous libels." Polling suggests most Israelis oppose immunity, but the move could delay his trial.
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One month after being indicted on corruption charges, Israel's longest-serving prime minister wins his party's support to seek reelection in March.
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The order will extend a federal anti-discrimination law to include discrimination based on anti-Semitism. Some worry the policy will be used to stifle criticism of Israel on college campuses.
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It's a massive blow for the longtime leader — Israel's first sitting prime minister to be indicted. He stands accused of bribery, fraud and breach of trust, and has denied any wrongdoing.
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Tuesday is the second time Israelis go to the polls in less than six months. The results may be just as inconclusive.