DP World partners with Israeli Bank Leumi to boost regional trade

UAE – Mubasher: DP World has signed a Memorandum of Understanding (MoU) with Israel's Bank Leumi to promote trade between Israel and the rest of the Middle East, Reuters reported.

The Israeli bank said in a statement that the MoU includes possible funding for the development of Israel's port sector.

Under the MoU, working capital requirements will be facilitated to enhance the flow of cargo and digital solutions and remove inefficiencies in the supply chain, DP World announced in a separate statement.

It is noteworthy to mention that DP World and DoverTower, owned by Shlomi Fogel who is the co-owner of Israel Shipyards and Port of Eilat, have inked MoUs to develop trade links between the UAE and Israel.

Mubasher Contribution Time: 21-Sep-2020 13:01 (GMT)
Mubasher Last Update Time: 21-Sep-2020 13:01 (GMT)