Israeli and Emirati diamond exchanges sign 'collaboration agreement'
Diamond exchanges in Israel and the UAE plan to open offices in each other's countries following the signing of the Abraham Accords this week.
Diamond exchanges in Israel and the United Arab Emirates will soon open offices in each other’s countries. The news is the latest example of strengthening economic ties between the two countries following their historic normalization deal this week.
The Dubai Diamond Exchange signed a “collaboration agreement” with the Israel Diamond Exchange on Thursday. Per the agreement, the Dubai exchange will open a sales office in Ramat Gan — a city outside of Tel Aviv that is the center of Israel’s diamond business. The Israeli exchange will open a representative office in Dubai, the Dubai Diamond Exchange said in a press release.
The Dubai Diamond Exchange’s chairman and CEO said he is eager to do business with his Israeli counterparts.
“The United Arab Emirates and Israel are home to two of the Middle East’s most dynamic and innovative economies,” said Ahmed Bin Sulayem in a statement. “We look forward to working alongside our partners in Israel.”
