Israel, UAE sign first agreement on investment, financial services
Israeli Prime Minister Benjamin Netanyahu said announcements in aviation, tourism, trade and other areas of mutual interest will follow.
On the heels of their historic deal to normalize relations, Israel and the United Arab Emirates have set up a joint body to collaborate on financial services and investments, Prime Minister Benjamin Netanyahu said Tuesday.
The Israeli-Emirati committee will discuss “advancing cooperation in financial services and lowering financial impediments to making investments between the countries and promoting joint investments in the capital markets.”
A special working group will also “create the conditions for joint investments that meet international standards including in the struggle against money laundering and financing terrorism.”
In a statement, Netanyahu said he welcomed the agreement, which was signed in Abu Dhabi and marked the first official memorandum of understanding reached between the two countries.
