Sunday, 09 May 2021 01:00 GMT

DGCX receives approval to allow Israeli firms to become members of DGCX

( MENAFN )Israeli companies are permitted to join the stock market and apply its trading services and platforms, stated the Dubai Gold and Commodities Exchange (DGCX).

DGCX took approval from Israel Securities Authority to permit Israeli firms to turn into members of DGCX.

The move permits DGCX to propose its global products and services that include Futures and Options Contracts that cover precious metals, energy, equities, and currency sectors, within Israel's markets, the statement further declared.

The United Arab Emirates and Israel signed a US-sponsored deal to regularize their ties. Since then, both countries inked dozens of mutual deals in several fields, including investment, banking services, and tourism.

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