Dubai International Financial Center signs agreement with Israeli bank Hapoalim

Dubai: Dubai International Financial Center (DIFC), the leading international financial center in the MEASA region, has entered into an agreement with Bank Hapoalim, one of Israel’s largest banks.

The agreement creates a framework for both organizations to establish cooperation between financial services.

Under the agreement, Bank Hapoalim will become part of DIFC’s global network of banks, financial centers, regulators and companies that disrupt the financial and technology sectors and meet the highest legal, regulatory and operating standards.

“Our partnership offers Bank Hapoalim access to the most developed, broad and deepest financial ecosystem in the region, enabling them to capitalize on the most lucrative banking, capital market, asset management, innovation and FinTech opportunities available. is, “said Arif Amiri, DIFC’s CEO.

The alliance will enable Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia via the DIFC platform. Both parties will work together by sharing knowledge, hosting delegations and promoting business opportunities. Investment and FinTech specialists from Bank Hapoalim are invited to take part in exclusive events such as the upcoming DIFC FinTech Hive Investor Day.

The agreement signed with Dubai International Financial Center is a major milestone. We hope to serve, expand and strengthen the financial relationship between our two countries. This 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 build this important bridge for innovation, ‘said Dov Kotler, CEO of Bank Hapoalim.

Source: Gulf News

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