UAE and Israel sign MoU to cooperate in banking and financial sector

Tuesday, 1 September 2020 15:34

The UAE and Israel have agreed to set up a joint committee to cooperate on financial services.

His Excellency Abdul Hamid Muhammad Saeed Al Ahmadi, Governor of the UAE's Central Bank, and Ronen Barts, Director General of the Israeli Prime Minister's Office, have signed a memorandum of understanding (MoU) for future cooperation in the banking and financial sector.

The two sides came to the agreement during a meeting in Abu Dhabi, after an Israeli delegation arrived in Abu Dhabi on a historic trip to finalise a pact between the UAE and the State of Israel.

#الإمارات و #إسرائيل تتفقان على إنشاء لجان ثنائية للتعاون في القطاع المصرفي و المالي #وام
للتفاصيل:https://t.co/dCQDZYmo8r pic.twitter.com/iwk1mBvnvz
— وكالة أنباء الإمارات (@wamnews) September 1, 2020

More from Business

Dubai Business Forum – China to be held in Shenzhen in October

Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
Meta ordered to pay $567 million in New Mexico for teen mental health fund

A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.