Dubai Conference

“Today, peace is being signed mainly for economic reasons," says Bank Leumi CEO

Bank Leumi CEO Hanan Friedman made his remarks at the opening of the third day of the first Israel-Dubai conference of Calcalist, Bank Leumi, and Reshet 13

James Spiro 15:2926.11.20



Whereas history has shown country ties are usually formed due to security or defense, Bank Leumi CEO Hanan Friedman, speaking on the morning of the first summit dedicated to enhancing relations between Israel and the UAE, highlighted the economic value that these two nations can share with one another.


“Developing economic ties between Israel and the United Arab Emirates will open trade channels with other Gulf countries and with African countries, and will affect relations throughout the Middle East,” he said.

It is unsurprising that Friedman, who has been CEO of one of Israel’s largest banks since August 2019, would highlight the economic elements of peace brought on by the Abraham Accords. "If in the past peace agreements were signed between neighboring countries in order to achieve protection and security, today peace is being signed mainly for economic reasons."


You can see his entire speech in the video above.