UAE
Israel and UAE Focus First on Banking, Finance at Peace Talks

(Bloomberg) — Israel and the United Arab Emirates agreed to advance cooperation in banking and finance in the first protocol of understanding signed since the two countries began peace moves.
A joint committee will study the dismantling of financial barriers to investment in each other’s markets, Israeli Prime Minister Benjamin Netanyahu’s office said. They’ll also discuss advancing joint investments in capital markets and cooperation in banking services and payment regulations.
The announcement came as the UAE and Israel prepared to wind-up the first round of talks after agreeing last month to establish ties — a first between the Jewish state and a Gulf Arab nation. The talks in Abu Dhabi focused on economic issues as well as health and scientific cooperation.
Israel’s Finance Ministry sees potential for annual bilateral trade starting at $2 billion and building up to $6.5 billion once cooperation matures.
-
News2 months ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy2 months ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
Banking & Finance2 months ago
Alizz Islamic Bank Partners with Visa to Launch Premium Shari’a-Compliant Card Solutions
-
News1 month ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
Energy2 months ago
Oman Gets Its First Hydrogen Refueling Station
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer