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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 deal with the Israeli bank, which operates in the field of business and personal banking, aims to “discover and benefit from a wide range of mutually beneficial opportunities “, explaining that this agreement will allow the Dubai International Financial Center” to increase its positive impact “. By enhancing the growth opportunities of the UAE economy, as well as increasing the contribution of the finance and innovation sectors to it.
center #Dubai Global Financial, announces the signing of an agreement with Bank Hapoalim, one of Israel’s largest banks, which is a public banking institution listed on the Tel Aviv Stock Exchange, and works in the area of business banking and to individuals. https://t.co/cujnPhY3tUpic.twitter.com/VkBpOQlvEE
– Dubai Media Office (@DXBMediaOffice) November 21, 2020
The statement also said that the new agreement which allows Israel’s largest banks to establish their first regional presence outside its country “will support the vision of the Dubai International Financial Center to lead the future of the financial sector from Dubai.”
The statement stressed that Bank Hapoalim will be part of the global network that the financial center is establishing with banks, financial centers, regulators and businesses working to “bring about positive changes in the financial and technological sectors by adopting standards. highest legal, regulatory and operational standards ”.
The statement expresses the conviction of the Dubai International Financial Center and Hapoalim Bank on the importance of exchanging knowledge, hosting delegations and promoting the establishment of relevant business events, stressing that investment experts and Financial Technology Bank of Israel will be invited to participate in exclusive events such as the upcoming Investor Day hosted by the Dubai Center’s “Fintech Hive” program. Financial.
DIFC Authority CEO Arif Amiri expressed the centre’s hope that the new agreement would provide “an ideal joint opportunity to accelerate the agenda for the future of the financial sector and spur innovation.” “It is a great honor to be the first Israeli bank to build this important bridge to innovation,” he said.
Source: RT
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