Diamond exchanges in Israel and the United Arab Emirates will soon open offices in each other’s countries. The news is the latest example of strengthening economic ties between the two countries following their historic normalization deal this week.
The Dubai Diamond Exchange signed a “collaboration agreement” with the Israel Diamond Exchange on Thursday. Per the agreement, the Dubai exchange will open a sales office in Ramat Gan — a city outside of Tel Aviv that is the center of Israel’s diamond business. The Israeli exchange will open a representative office in Dubai, the Dubai Diamond Exchange said in a press release.
