Tel Aviv bourse head seeks more bilateral investing with UAE

Tel Aviv bourse head seeks more bilateral investing with UAE

The head of Israel’s stock exchange on Tuesday called for increased investment from Israeli and Emirati investors in each other’s exchanges to boost liquidity.

Two years after the so-called Abraham Accords, which saw relations normalised between Israel, Bahrain, the United Arab Emirates (UAE) and Morocco, a number of economic, trade and financial agreements between Israel and the UAE were forged. Yet there has been no significant trading in each other’s markets.

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Ittai Ben Zeev, the chief executive of the Tel Aviv Stock Exchange (TASE), proposed that Israeli brokers offer Emirati securities to Israeli investors and international brokers offer Israeli ones to investors in the UAE and Gulf region.

“There is a lot of potential in creating those liquidity pools,” Ben Zeev told Reuters on the sidelines of an event between the TASE and Abu Dhabi Global Market (ADGM), being attended in Tel Aviv by a large Emirati delegation.

“What we will try to achieve with the delegation is that Israeli brokers and the brokers that they have start speaking with each other and with the exchanges and to see how we can make it happen,” he said.

Ben Zeev noted that dual