Tel Aviv bourse sees investor interest from UAE, Arab countries | Reuters
The Tel Aviv Stock Exchange is expected to gain new investors from the United Arab Emirates (UAE) and other Arab countries in 2021 in the wake of a normalisation between Israel and the UAE, the bourse’s chief executive said on Tuesday.
“We see an interest for international institutions from the Emirates and from other Arab countries to invest through the Tel Aviv Stock Exchange and get exposure to Israeli high tech,” Itai Ben-Zeev told Reuters after a news conference.
The Tel Aviv Stock Exchange (TASE) and Abu Dhabi’s ADX securities market last week signed a memorandum of understanding to foster co-operation between them, with the expectation of cross-listing of securities, mutual trading and introduction of investors by each their respective members and data-sharing.
“In 2021, we’ll see how we can further collaborate between the two exchanges,” Ben-Zeev said.
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