Prime Minister Benjamin Netanyahu announced on Tuesday that Israel and the United Arab Emirates have reached understandings about cooperation in the fields of banking and finance.
As part of the understandings, both countries will establish a joint committee to promote cooperation in the field of finance and investments.
"I welcome the first understandings signed in Abu Dhabi. These understandings will help us promote mutual investment and extensive collaborations," Netanyahu said. "We will soon announce further agreements in the fields of aviation, tourism, trade and more."