Home GCC UAE First Abu Dhabi Bank to start talks with Israeli lenders The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office by Bloomberg September 2, 2020 First Abu Dhabi Bank plans to start talks with Bank Hapoalim and Bank Leumi to forge cooperation in the financial sector as the United Arab Emirates and Israel normalise their relations. “The discussions will look to establish banking relationships that will strengthen financial and economic cooperation between UAE and Israel, focusing on correspondent banking, bilateral trade, and technology and innovation,” First Abu Dhabi Bank said in a tweet. Following the signing of a Memorandum of Understanding between the UAE Central Bank and the Israeli Prime Minister’s Office, First Abu Dhabi Bank (FAB) will open discussions with leading financial institutions in Israel, namely Bank Hapoalim and Bank Leumi. — FAB Connects (@FABConnects) September 1, 2020 The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office, the UAE biggest lender said. The UAE and Israel started normalising relations last month. As part of the process, El Al Israel Airlines Ltd. on Monday operated an unprecedented commercial flight to the UAE with senior US and Israeli officials aboard. Watch: First direct commercial flight from Israel to the UAE lands in Abu Dhabi Tags Bank Hapoalim Bank Leumi First Abu Dhabi Bank Israel UAE Central Bank 0 Comments You might also like Sharjah bans New Year’s Eve fireworks in solidarity with Gaza UAE’s Tabreed secures Dhs600m revolving credit facility UAE’s FAB to provide $135bn in green finance by 2030 UAE President, Qatar Emir call for de-escalation in Gaza