Earlier this month, we unveiled at Globes a thaw in a $ 10 billion investment initiative from the Emirates’ investment funds in ventures with Israeli companies and the Israeli economy. The nature of the investments and the ways to route them will be done according to the will of the emirates, mainly through the private and business sector.
Now, the first initiative of the Emirates of the United Arab Emirates in Israel, the Dubai Chamber of Commerce and the Tel Aviv Stock Exchange is underway – an exposure conference for Israeli public companies, strategic investors and partners from the Emirates.
The conference will be held next week in Dubai and will include meetings between leading investors and corporate corporations and Israeli public companies traded on the Tel Aviv Stock Exchange. The Israeli companies that will participate in the delegation are: Altshuler Shaham, Anlite, Energix, Epitome, flash , Bio Honey , Glassbox , Group 11 De Zarasai Group, Drilling fuel , The Phoenix Uzrawi, Menara Ventures, Nakes , Nova , Sonobia Wave Medical, PomWom, productivityAmos Luzon Entrepreneurship and Energy Group, Pete Investment Fund, Strauss andIsrael Aerospace Industries. (Although it is not yet traded on the stock exchange and it is not clear when its issuance processes will be completed).
The conference organizers said in a statement that this is a significant move aimed at promoting and developing economic ties between the two countries, with an emphasis on encouraging global investment in the Israeli capital market through the stock exchange, improving accessibility and increasing the activity of Israeli companies in the emirate market. The joint meeting will create an arena for acquaintance between leading international companies, large investment bodies from across the Emirates and the top public companies in Israel.
Hamed Baumim, President and CEO of the Dubai Chamber of Commerce, said that “The conference and the business initiative are an optimal platform, enabling emirate and Israeli companies to join existing synergies and discover business opportunities. It is also an opportunity for Israeli businessmen to become acquainted with Dubai’s economy and business environment, as well as with the competitive advantages that the emirate offers as a global business center. “
UAE Ambassador to Israel Muhammad al-Hajah said that “we must develop the links between our financial institutions, facilitate the execution of financial transactions, capital injections and investments, in order to realize the real potential of cooperation between the two markets. Together we can To increase the competitiveness of companies in the two countries and improve their position in the international arena. .
Itai Ben-Ze’ev, CEO of the Israel Stock Exchange: “The TASE, as the home of the Israeli economy, invests considerable resources in exposing the Israeli capital market and Israeli companies traded on the Tel Aviv Stock Exchange to international investors and is proud of its unique cooperation with the United Arab Embassy in Israel.” “These two unique activities, along with other activities that the stock exchange conducts on an ongoing basis, contribute to establishing the status of the capital market in Israel as an integral part of the global capital market.”
The management of the TASE says that there is no doubt that the current momentum in the TASE, such as the increase in the number of Israeli companies that have joined the TASE in the past year, is attracting international investors, seeking investments and collaborations with Israeli companies. The stock exchange announcement states that in 2021 the leading stock exchange indices will have peaked at higher returns than international indices around the world, in shekel values. For example, the TA-35 index rose by 32% and the TA-90 index rose by 33%. The industry indices on the stock exchange also rose and broke new records. For the first time, at the end of 2021, each of the companies in the Tel Aviv-125 index crossed the market value threshold of NIS 1 billion.