Dubai’s International Financial Centre signs agreement with Israel’s Bank Hapoalim

DUBAI: Dubai International Financial Centre (DIFC) signed an agreement with one of Israel’s biggest banks, Dubai Media Office announced on Saturday.

The agreement will allow Bank Hapoalim to become part of DIFC’s network and provide it with access to opportunities in the Middle East, Africa and South Asia, the report added.

“We hope to serve, extend and strengthen the financial relationship between our two countries. It will provide Israeli FinTech entrepreneurs with a gateway to the dynamic and vibrant Dubai ecosystem, and help foster cross-border innovation. It is an honor to be the first Israeli bank to construct this important bridge for innovation,” CEO of Bank Hapoalim Dov Kotler said.

Investment and FinTech experts from the bank will be invited to participate in events organized by DIFC, such as the FinTech Hive Investor Day.

“Our partnership provides Bank Hapoalim with access to the most developed, broad and deep financial ecosystem in the region, allowing them to capitalize on the most lucrative banking, capital markets, asset management, innovation and FinTech opportunities available,” Chief Executive Officer of DIFC Arif Amiri said.

Source Link: https://www.arabnews.com/node/1766256/business-economy

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