The Dubai International Financial Center announced the signing of an agreement with the Israeli Bank Hapoalim, "with the aim of discovering and taking advantage of a wide range of opportunities of mutual benefit," according to the official Emirates News Agency (WAM).
Under this agreement, Bank Hapoalim will become part of the global network that the financial center establishes with banks, financial centers, regulators and companies operating in the financial sector.
In a statement to the UAE agency, commenting on this agreement, the CEO of the Dubai International Financial Center Authority, Arif Amiri, welcomed the Bank of Israel, adding: “Our partnership with the bank provides the possibility to benefit from our most advanced, widespread and integrated financial system in the region, and allows them to benefit from banking services and capital markets. Asset management, innovation and fintech opportunities. "
He added, "We hope that this agreement will open an ideal joint opportunity to accelerate the agenda for the future of the financial sector and stimulate innovation through the Innovation Hub platform in the DIFC."
For his part, CEO of Bank Hapoalim Dov Kotler said that they hope to strengthen financial relations between the UAE and Israel.
He continued: "This agreement will enable Israeli entrepreneurs in the field of financial technology to benefit from the dynamic and vibrant system that Dubai enjoys, in order to help promote innovation across borders."
The UAE was the first Gulf country to announce the establishment of diplomatic relations with IAsrael last summer, which allowed the signing of many bilateral agreements between the two countries in several fields.
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