It allows the bank's first regional presence outside Israel

"Dubai International Financial" signs an agreement with Bank Hapoalim

Aref Amiri: "The agreement is an ideal joint opportunity to accelerate the agenda for the future of the financial sector and stimulate innovation."

The Dubai International Financial Center announced that it has entered into an agreement with the Israeli Bank Hapoalim.

A statement issued yesterday stated that the announced agreement will allow the Dubai International Financial Center to increase its positive impact in enhancing the opportunities for the growth of the UAE economy, and increasing the contributions of the financing and innovation sectors in it, as well as supporting the center's vision to lead the future of the financial sector in Dubai.

Bank Hapoalim will become part of the global network that the financial center establishes with banks, financial centers, regulators and companies, working to bring about positive changes in the financial and technological sectors, by adopting the highest legal, regulatory and operational standards.

The statement pointed out that this alliance allows the establishment of the first regional presence for Bank Hapoalim outside Israel, to take advantage of banking opportunities and innovation in the Middle East, Africa and South Asia, within the framework of the common conviction between "Dubai International Financial" and "Hapoalim" of the importance of exchanging knowledge and hosting delegations. And promoting the establishment of related business events.

Investment and financial technology experts from Bank Hapoalim will also be invited to participate in exclusive activities, such as the upcoming "Investor Day", organized by the "Fintech Hive" program of the DIFC.

The CEO of the DIFC Authority, Arif Amiri, welcomed Bank Hapoalim as a global partner, and said: “Our partnership with the bank provides access to the most advanced, widespread and integrated financial system in the region, and allows them to benefit from banking services, capital markets, asset management and innovation. And financial technology opportunities available ».

Amiri expressed his hope that this agreement would open an ideal joint opportunity to accelerate the agenda of the future of the financial sector and stimulate innovation through the Innovation Hub platform in the Dubai International Financial.

For his part, the CEO of Bank Hapoalim, Dov Kotler, said: "The agreement signed with (Dubai International Financial) is a milestone, as we hope from it to serve, expand and strengthen the financial relations between the UAE and Israel."

He pointed out that the agreement will enable Israeli entrepreneurs in the field of financial technology to benefit from the dynamic and dynamic system that Dubai enjoys, in order to help promote innovation across borders.

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