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Israel’s Bank Hapoalim and Abu Dhabi Global Market will be collaborating on various Fintech projects. Both organizations have agreed to support the digital transformation of financial services in the UAE and Israel.
Abu Dhabi Global Market (ADGM), a major international financial centre located in the capital of the United Arab Emirates, and Israel-based Bank Hapoalim have formed a new partnership to support Fintech innovation and to leverage strategic market opportunities.
The ADGM and Bank Hapoalim have signed an MoU which will see both organizations working cooperatively to further develop the Fintech sectors of both countries. The new agreement will focus on digital transformation projects and will connect the economies of the UAE and Israel.
It’s worth noting that Israel has been working more closely now with Middle Eastern countries like Saudi Arabia, Bahrain, and the UAE after the recent signing of the Abraham Accords.
This is a major development because it is focused on establishing peaceful relations between Israel and the Middle East so that all parties can work to improve their economies by engaging in mutually beneficial business relationships. This has not been an option in the past, because Israel had not been on good terms with …
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