Following the first delegation of senior Bank Hapoalim delegation to the Federation, the Mossad aims to establish ties from the moment the peace agreement is signed in Washington • Representatives of Bank Leumi are also expected to visit the Arab Federation
UAE on the way to cooperation with Israeli banks
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The peace agreement with the United Arab Emirates is gaining momentum, also in the economic aspect.
According to a report in the Reuters news agency, Bank Hapoalim CEO Dov Kotler, who headed the bank's delegation to the Emirates this week, announced his intention to begin cooperation with the banks in the Arab Federation. September 15th.
As part of the contacts, the parties discussed the economic opportunities inherent in the new agreement.
Hapoalim's CEO noted that the institutionalization of relations between the two countries' commercial banks will greatly help the development of trade and economic ties.
The Israeli delegation visits Dubai // Archive photo: Ariel Kahana
"I believe that after the official signing between the governments, we will be able to start working with the banking system in the Emirates," Kotler was quoted as saying during the delegation's visit.
"We're here to build trust before talking about business. In order to build trust, we had to meet face to face - and that's what we're doing here now."
According to Kotler, the bank will establish ties with the three largest banks in the Emirates, with the largest of them - "Abu Dhabi's first bank" - announcing that it is holding open talks with Bank Hapoalim staff.
It was further alleged that the bank in Abu Dhabi is in talks with Bank Leumi - whose representatives are expected to arrive at the Arab Federation later this month.
