Through their collaboration, both sides goal to promote the flow of trade between Israel and the wider region.

Working in partnership with a reputable financial institution such as Bank Leumi will enable us to better deliver our end-to-end solutions strategy. At DP World we are actively working on opportunities to enable trade, for the benefit of the people of the UAE and the Middle East.

....Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, said.

The agreement will enable the parties to explore potential opportunities including the development of ports and logistics assets in Israel to drive trade and greater job creation; trade finance solutions to simplify working capital requirements for customers improve flow of cargo; and digital solutions in end-to-end logistics to remove inefficiencies in the supply chain.

For the records, Bank Leumi is one of Israel's largest banks and is actively working to help grow business ties between Israel and the UAE.

We believe there is great opportunity to partner with a world class operator to drive efficiency and trade in Israel and beyond. In that perspective, we will be there for our customers to enable them to fulfil the potential business opportunities, by providing them with the appropriate financial services.

...Hanan Freidman, President and CEO of Leumi concluded.

Overall, DP World recently collaborated with DoverTower in order to jointly bid to privatize Haifa Port on the Mediterranean.