Announcement an example of increasing financial ties post-Abraham Accords

Israelis for the first time can trade on Dubai's Gold & Commodities Exchange (DGCX).

The exchange said in a statement on Sunday that it has received a permit from the Israel Securities Authority allowing for Israeli corporations to become members of the DGCX and use its services and platforms and also act as market makers.

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The announcement is another example of the business and economic ties rapidly being established since the signing of the Abraham Accords in September that normalized relations between Israel and the United Arab Emirates and Bahrain; with Sudan and Morocco later agreeing to establish diplomatic ties with the Jewish state.

Les Male, CEO of DGCX, said in the statement that he was "delighted" to welcome Israeli investors to the exchange. Read more at i24