The Israeli Diamond Exchanges announce that is has struck a deal to boost trade with its Dubai counterpart in the wake of the peace deal between the Jewish state and the United Arab Emirates and Bahrain.
Israel is a world leader in the polishing of large diamonds. Dubai, a regional financial hub, also hosts an emerging diamond trade, which in 2019 exported diamonds worth upward of $23 billion.
The Israeli Diamond Exchange will open an office in Dubai, while the Dubai Multi Commodities Center, an economic free zone, will do the same in Ramat Gan, where the IDE is based.
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