KHALEEJ TIMES, Sunday, Nov 22, 2020 | Rabi Al Thani 7, 1442
Israel’s Bank Hapoalim to have presence in DIFC
Emirates:
Dubai International Financial Centre (DIFC) has entered into an agreement
with Bank Hapoalim, one of Israel’s largest banks to create a framework for
both organisations to forge cooperation across financial services
activities.
Under the agreement, Bank Hapoalim will become part of DIFC’s global network of
banks, financial centres, regulators and companies that are disrupting the
financial and technology sectors and embracing the highest legal, regulatory and
operating standards.
The alliance will enable Bank Hapoalim to access banking and innovation
opportunities in the Middle East, Africa and South Asia through the DIFC
platform. Both parties will work together by sharing knowledge, hosting
delegations and promoting industry events. Investment and FinTech specialists
from Bank Hapoalim will be invited to participate in exclusive events such as
the forthcoming DIFC FinTech Hive Investor Day.
“DIFC, the Middle East, Africa and South Asia’s leading financial centre, is
pleased to welcome Bank Hapoalim as a global partner. Our partnership provides
Bank Hapoalim with access to the most developed, broad and deep financial
ecosystem in the region, allowing them to capitalise on the most lucrative
banking, capital markets, asset management, innovation and FinTech opportunities
available,” said Arif Amiri, Chief Executive Officer of DIFC Authority.
Dov Kotler, CEO of Bank Hapoalim said: “The agreement signed with Dubai
International Financial Centre is an important milestone. We hope to serve,
extend and strengthen the financial relationship between our two countries. It
will provide Israeli FinTech entrepreneurs with a gateway to the dynamic and
vibrant Dubai ecosystem, and help foster cross-border innovation. It is an
honour to be the first Israeli bank to construct this important bridge for
innovation.”
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