Abu Dhabi skyline
Abu Dhabi skyline
Photo: Shutterstock
Bank Hapoalim and Bank Leumi

Israeli business delegations led by banks Hapoalim, Leumi to visit UAE

Hapolim Bank CEO will head the first delegation on Sept. 8, while chair of Bank Leumi will lead the second delegation on Sept. 14; Abu Dhabi Bank said last week it would open discussions with Hapoalim and Leumi

Reuters |
Published: 09.06.20 , 12:38
The heads of Israel's two biggest banks will travel to the United Arab Emirates (UAE) this month, the first such visits since the two countries agreed to normalise relations.
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  • One delegation led by Bank Hapoalim will leave on Sept. 8 and visit Abu Dhabi and Dubai, where it will meet with government and trade officials as well as the heads of the largest banks in the UAE.
    סניפי בנק לאומי והפועליםסניפי בנק לאומי והפועלים
    Bank Hapoalim and Bank Leumi
    (Photo: Yair Sagi and Aviv Gotliv)
    Hapoalim CEO Dov Kotler on Sunday called it "a unique opportunity to establish economic relations and cooperation between our countries and their financial systems, which will yield economic growth for both parties."
    He added there was an "immediate bilateral desire" to establish strong economic ties.
    The chairman and CEO of Bank Leumi will head a second delegation on Sept. 14. Leumi said it hoped to build on the diplomatic accord by kick-starting cooperation in finance, technology, health, tourism, agriculture and industry.
    יניב חלילי שליח ynet ו"ידיעות אחרונות" בדובאי מדווח מ"דובאי מול" הקניון הגדול בעולםיניב חלילי שליח ynet ו"ידיעות אחרונות" בדובאי מדווח מ"דובאי מול" הקניון הגדול בעולם
    Shoppers in the Dubai Mall
    (Photo: Yaniv Halili)
    Israel and the UAE announced in August they would normalize diplomatic ties and forge a broad new relationship in a U.S.-brokered deal. Last week, they agreed to set up a joint committee to cooperate on financial services, aiming to promote investment between the two countries.
    First Abu Dhabi Bank, the UAE's largest lender, said last week it would open discussions with Hapoalim and Leumi.

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