Arab News, Wednesday, Mar 17, 2021 | Shaaban 3, 1442
Abu Dhabi, Israel ink deal to ease reciprocal business expansion
Emirates: Business registration authorities in Abu Dhabi and
Israel have signed a deal to help companies operate between the pair.
The Abu Dhabi Global Market (ADGM) Registration Authority and the Registrar of
Companies in the Israeli Corporations Authority signed a statement of
cooperation, allowing both to share best practices and pave the way for
reciprocal business expansion.
“We are confident that this agreement will result in fruitful outcomes for
entities residing in both the UAE and Israel, serving as a gateway to valuable
expansion and investment opportunities across both thriving business hubs and
the wider region,” ADGM chief Dharer bin Sharer Al-Mheiri, said.
A raft of partnerships since the UAE and Israel signed the Abraham Accords last
year, which effectively revived bilateral relations between the pair.
Al-Mheiri said Israel was a “key stakeholder” in ADGM’s efforts to enhance its
international network.
The agreement will particularly support businesses in high potential areas such
as FinTech and entrepreneurship, he added, as well as in fostering a progressive
regulatory framework in both markets.