Zurich Capital Funds Holding Group signs deal with Israel-based Levent for UAE banks
The deal, which will last five years, is set to total around $50 million
Zurich Capital has relationships with 100 different banks and has deep ties with the capital market and banking world in Dubai. Levent develops a customized trading platform enabling banks, investment companies, and traders to produce a trading platform for all their customers without ever writing code.
The agreement was formally signed on Thursday, December 3, and is expected to last five years, totaling around $50 million in investment opportunities. It also stipulates that the Zurich Capital Funds Holding Group will promote cooperation between local entities and Israeli cyber and high-tech companies in the UAE.
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Since the Abraham Accords were signed, relations between Israel and the UAE have been the proponent for a myriad of business and trade deals between the two nations. To date, the regions have already fostered relationships, garnered trade deals, and facilitated one another across a variety of sectors.