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First Abu Dhabi Bank Will Begin Negotiations With Financial Institutions In Israel

First Abu Dhabi Bank will begin negotiations with financial institutions in the country, especially largest banks of Israel, Bank Hapoalim and Bank Leumi.

First Abu Dhabi Bank Will Begin Negotiations With Financial Institutions In Israel
Yazar: Tom Roberts

Yayınlanma: 2 Eylül 2020 22:15

Güncellenme: 7 Kasım 2024 14:12

First Abu Dhabi Bank Will Begin Negotiations With Financial Institutions In Israel

A statement came from the First Abu Dhabi Bank (FAB) after the cooperation agreement signed between the UAE Central Bank and the Israeli Ministry of Finance. In the statement made on his Twitter account, it was stated that the First Abu Dhabi Bank will begin negotiations with financial institutions in the country, especially largest banks of Israel, Bank Hapoalim and Bank Leumi. In the statement, it was noted that the talks will be held with the aim of establishing financial relations that will strengthen economic and financial cooperation between the UAE and Israel. In the statement made yesterday by the Israeli Prime Ministry Press Office, it was stated that in line with the agreement signed by the UAE Central Bank and the Israeli Ministry of Finance, it was decided to cooperate in the banking and financial field between the two countries.

Normalization Agreement

US President Donald Trump announced on August 13 that Israel and the UAE had reached an agreement to "completely normalize their relations". Jared Kushner, son-in-law and adviser to US President Donald Trump, had traveled to Abu Dhabi on a commercial passenger plane from Tel Aviv to discuss the normalization agreement between Israel and the UAE with a US delegation the previous day. The Israeli and US delegation returned to Israel after their official visit in Abu Dhabi for 2 days.
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