Minister Benjamin Netanyahu gives a press conference in Jerusalem
on August 13, 2020. (Photo by Abir SULTAN / POOL /
AFP)
The National Bank of Dubai, the largest banking group in
the emirate, signed a memorandum of understanding Monday with
Israel’s Bank Hapoalim, on the eve of the UAE-Israel normalisation
accord signing.
“It is a great honour to be the first bank to sign such an
agreement that will contribute to the establishment of the
relationship between the two countries,” Bank Hapoalim’s CEO, Dov
Kotler, said in a statement issued by NBD.
It said the MoU was “part of a broader engagement between the
UAE and Israel to further peace, dialogue and stability and
establish cooperation to promote sustainable development”.
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created on September 11, 2020 shows (L) Israeli Prime Minister
Benjamin Netanyahu chairing the weekly cabinet meeting in Jerusalem
on June 28, 2020, and (R) King Hamad bin Isa Al Khalifa of Bahrain,
speaking with another delegate during the 40th Gulf Cooperation
Council (GCC) summit held at the Saudi capital Riyadh on December
10, 2019.
An Israeli business and banking delegation arrived in Dubai last
Tuesday on the first such visit since the August 13 announcement of
a normalisation of ties between the Jewish state and the United
Arab Emirates, of which Dubai is a member.
On Tuesday in Washington, both the UAE and fellow Gulf state
Bahrain are to sign normalisation accords with Israel.
AFP
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