UAE’s ADGM to sign MOU with Israel’s securities authority on fintech

The Abu Dhabi Global Market will tie up with the Israel Securities Authority and Bank Hapoalim to support financial technology. (Courtesy ADGM)

• The two countries have signed a host of accords to boost economic and business ties after normalizing ties in August

DUBAI: Abu Dhabi’s financial center, Abu Dhabi Global Market (ADGM), will sign a memorandum of understanding with Israel Securities Authority and Israel’s biggest lender, Bank Hapoalim, to support financial technology, ADGM chairman Ahmed Ali Al-Sayegh said on Wednesday.
After the UAE and Israel agreed to normalize relations in August, the two countries have signed a host of accords to boost economic and business ties.
Last month, the two countries signed an agreement that would give incentives and protection to investors who make investments in each other’s countries.