Dubai, Tel Aviv to Boost Diamond Trade as Links Grow
- Diamond bourses to open reciprocal offices, promote sales
- Deal adds to UAE, Israel business ties after diplomatic pact
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Dubai and Tel Aviv, two of the world’s biggest diamond-trading hubs, agreed to share expertise, open reciprocal offices and promote regional trade in the precious stones.
The United Arab Emirates’ Dubai Diamond Exchange will cooperate with the Israel Diamond Exchange in Tel Aviv, the Dubai government’s commodities authority DMCC said in a statement. The deal follows an agreement between the UAE and Israel to work toward establishing normal relations, which the countries signed in Washington D.C. on Sept. 15.