Heads of Israel’s 2 largest banks to lead business delegations to UAE

Heads of Israel’s 2 largest banks to lead business delegations to UAE

The heads of Israel’s two largest banks will lead separate delegations to the United Arab Emirates this month after a formal agreement on banking and finance was signed by the two countries last week, Times of Israel reported citing the Reuters news agency. 

A delegation led by Bank Hapoalim will depart Israel on Tuesday for a trip with stops in both Abu Dhabi and Dubai for meetings with government officials as well as counterparts from the UAE’s banking sector.

Hapoalim CEO Dov Kotler told the news agency it was “a unique opportunity to establish economic relations and cooperation between our countries and their financial systems, which will yield economic growth for both parties.”

The statement added that there was an “immediate bilateral desire” for strong economic ties to be established between the two nations.

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