Wednesday , November 25 2020

Dubai International Financial Center enters into an agreement with Israel’s largest bank

Dubai International Financial Center enters into agreement with Israel's largest bank

Reuters Hamad I Mohammed

The Dubai International Financial Center announced today, Saturday, that it has signed an agreement with Bank Hapoalim, Israel’s largest bank.

The Dubai Government Media Office confirmed in a statement that the agreement with the Bank of Israel, which works in the field of corporate banking and individual services, aims to “find and benefit from a number of mutually beneficial opportunities”. “It will not only improve the growth opportunities of the Basque economy, but also increase the contribution of the financial and innovation sectors to it.”

The statement also said that the new agreement, which would allow major Israeli banks to establish their first regional presence abroad, would “support the vision of the Dubai International Financial Center to guide the future of the financial sector from Dubai.”

The statement stressed that the Bank Hapoalim financial center will be made up of banks, financial centers, regulators and banks, financial centers, regulators and companies working to “adopt the highest standards of laws, regulations and operations to bring about positive changes in the financial and technology sectors”.

In a statement, Dubai International Financial Center and Bank Hapoalim expressed confidence in the importance of exchanging knowledge, organizing delegations and promoting the creation of important business events, and stressed that they will invite investment and financial technology experts from the Bank of Israel for future investors. per day. Financial.

DIFC Managing Director Arif Amiri expressed the centre’s hope that the new agreement “will provide a unique opportunity to accelerate the future agenda of the financial sector and stimulate innovation”, while Bank Hapoalim CEO Dov Kotler described the deal as a “milestone”. “It is a great honor to be the first Israeli bank to build this important bridge for innovation,” he said.

Source: RT

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