Emirates NBD signs deal with Israeli bank


Emirates NBD banking group says a new agreement with one of Israel's largest banks will open business and trade opportunities for clients.

The deal was signed with Bank Hapoalim on Monday.

Emirates NBD said it supports the two countries’ shared objective of enhancing economic and commercial engagement.

It will also establish cooperation to promote sustainable development.

Shayne Nelson, Group CEO, Emirates NBD said, "The MoU will open new business and trade opportunities for our clients and further enhance our leading position as a trusted banking partner to businesses across the MENAT region.”

Dov Kotler, CEO of Bank Hapoalim, praised the agreement as a breakthrough achievement that will allow Israeli clients to transact directly in the UAE and subsequently in other countries.

“It is a great honour to be the first bank to sign such an agreement that will contribute to the establishment of the relationship between the two countries,” he said.


More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.


On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.


    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!