The head of an Israeli bank gave the impression today at a forum of Saudi investors and praised the “incredible” opportunities in the kingdom, a sign of the business community’s interest in seeing diplomatic relations between former foes.
Samer Haj-Yehia, Arab-Israeli chairman of Bank Leumi since 2019, was on his way to the Future Investment Initiative, a three-day convention held in the Saudi capital and known as “Davos in the desert. “
“The opportunities are incredible and the FinTech industry in particular is booming,” he said at a panel discussion.
“You see, the economy is very healthy, unlike other economies in the world, and the long-term outlook is very positive,” he adds, pointing to capital in oil-rich Saudi Arabia and the adoption through young populations of “very complex mobiles. “Technology.
His comments stick to the widespread assumption about long-term bilateral relations between Saudi Arabia and Israel, which U. S. officials pushed ahead of President Joe Biden’s trip to Jeddah in July.
Saudi Arabia recognizes Israel and adhered to the Abraham Accords negotiated through the United States in 2020, in which the Jewish state identified ties with two of the kingdom’s neighbors, the United Arab Emirates and Bahrain.
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