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Israel announces the signing of the first financial and banking cooperation agreement with the Emirates

September 1, 2020

Israeli Prime Minister Benjamin Netanyahu announced Tuesday that the government he leads and the United Arab Emirates authorities have signed their first cooperation agreement focusing on banking and finance.

The announcement of the signing of this pact comes three weeks after the two countries signed a historic diplomatic agreement and after the first direct commercial flight between the two countries on Monday, which arrived in Abu Dhabi with a delegation from the United States. States and Israel.

“I am celebrating the first understanding agreement signed in Abu Dhabi,” said Netanyahu. “These agreements will help us drive mutual investment and cooperation. We will shortly announce new agreements in the aerospace, tourism, trade and other sectors,” he said.

Israel announces the signing of the first financial and banking cooperation agreement with the EmiratesIsrael announces the signing of the first financial and banking cooperation agreement with the Emirates

In a statement, the Israeli government announced that a joint committee between Israelis and Emiratis would be set up to promote cooperation on investment and finance. The panel will discuss investments between the two countries and joint investments in the capital markets. In addition, cooperation between the banking sector and payment regulation is discussed.

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