On Tuesday, Israel signed agreements normalizing relations with the UAE and Bahrain in a move that is expected to unlock bilateral trade and investment between the parties running to billions of dollars.
Indeed, official memorandums of understanding (MOUs) to promote cooperation in finance and investment between Israel and the UAE have had businesses and investors rushing to prepare deals, and investment banks are already seeing a pick-up in activity.
“Personally, I’ve been working with a number of clients aiming to go to the region, be that trips or investments,” says Ilan Paz, country head and head of banking for Israel at Barclays.
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