FILE PHOTO: A woman uses an automated teller machine (ATM) outside a Bank Hapoalim branch in Tel Aviv, Israel May 30, 2013. REUTERS/Nir Elias/File Photo
TEL AVIV (Reuters) – The heads of Israel’s two biggest banks will travel to the United Arab Emirates (UAE) this month, the first such visits since the two countries agreed to normalize relations.
One delegation led by Bank Hapoalim (POLI.TA) will leave on Sept. 8 and visit Abu Dhabi and Dubai, where it will meet with government and trade officials as well as the heads of the largest banks in the UAE.
Hapoalim CEO Dov Kotler on Sunday called it “a unique opportunity to establish economic relations and cooperation between our countries and their financial systems, which will yield economic growth for both parties.”
He added there was an “immediate bilateral desire” to establish strong economic ties.
The chairman and CEO of Bank