UAE-Israel Business Leaders Summit: UAE, Israel trade gains
UAE-Israel Business – Tech advances will lay out strong base cutting across sectors
Differences at the “micro level” will create opportunities for long-term sustainable trade between the “equally strong” economies of the UAE and Israel, according to a top banker.
Speaking at the first virtual UAE-Israel Business Leaders Summit, co-hosted by Gulf News and TheMarker, Samer Haj-Yehia, Chairman of Bank Leumi, said: “The wealth of each surges if they engage in trade of goods and services produced in the country with the lower opportunity cost – this is definitely the case in the bilateral relations between the UAE and Israel.”
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Technology as a basis
Investors and market participants are curious to see what role Israeli companies will play in the UAE market. “The key areas for export from Israel to the UAE include agritech, water tech, food tech, fintech and cybertech,” Haj-Yehia said. “Together, they provide food security, which is one of the biggest national security interests of any country.”
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