Abu Dhabi Global Market Board Chairman Ahmed Al-Sayegh said today, Wednesday, that the market will sign a memorandum of understanding with the Israel Securities Authority and the largest Israeli bank, "Hapoalim", to support financial technology.
The UAE and Israel signed a set of agreements to strengthen economic and trade relations, following the two countries' agreement to normalize relations between them last August.
And last Saturday, the Dubai Government Media Office said that the Dubai International Financial Center and the Israeli Hapoalim Bank had agreed to "discover and take advantage of a wide range of mutually beneficial opportunities."
"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," the statement said.
And the Israeli "El Al" companies and the "Etihad Airways" owned by the government of Abu Dhabi said last Thursday that they had signed an agreement to explore more ways of cooperation, such as providing joint code services between Abu Dhabi, Tel Aviv and other destinations.
El Al and Etihad said that the signed memorandum of understanding aims to enhance trade cooperation in various fields, such as shipping, engineering, pilot training facilities and air hospitality teams.
Last month, the two countries signed a deal that gives investors who make investments in the other country incentives and protections.