‘Today, Peace Is Being Signed Mainly for Economic Reasons,’ Says CEO Of Top Israeli Bank
CTech – Whereas history has shown ties between nations 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,” he stated.