Israel's Harel Insurance Group said Wednesday it signed a deal with Dubai Insurance to provide insurance services in both Israel and the United Arab Emirates.
Harel said it was the first agreement forged with the UAE insurance sector in the wake of the countries agreeing to establish bilateral diplomatic and trade ties last month that officials have said will create significant economic opportunities.
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Harel said the cooperation will enable its customers to receive insurance services – business, health and for marine and air trade – in the UAE while UAE citizens will be able to receive the same services in Israel.
