The Dubai Gold & Commodities Exchange (DGCX) reported on Sunday that it had secured a permit from the Israel Securities Authority (ISA), allowing eligible Israeli companies that deal on a proprietary level to enter the DGCX and use its trading facilities and portals. Members from Israel would then be able to serve as market participants on the DGCX site.

The transition helps the DGCX Group to launch its diverse global goods and services, namely Futures and Options Contracts covering precious metals, oil, equities, and currency industries, within Israel, as it enhances its reputation as the dominant Middle East transfer for derivatives trading.

“The deepening of relations and expanding up of markets between the UAE and Israel represents an extraordinarily amazing moment in the DGCX tale and the broader GCC area, as we strive to grow globally by supplying investors and market players with incredibly creative and true value-added goods and services,” said Les Male, CEO of DGCX. We are proud to invite Israeli investors and market players to a global group of over 100 members from all around the world.”

On August 13, 2020, the UAE and Israel signed a landmark joint peace treaty that stabilized their relations.

The current scenario opens up a plethora of trade and investment opportunities for companies and investors in the UAE and Israel.

“The historic Abraham Accords construction creates a launching pad for the Israeli community to come to Dubai and invest, and also ways for our emerging Israeli member base to mitigate risk and invest in stable and protected assets during periods of instability.” Our contracts have already provided foreign traders with offshore connectivity to specific regional markets, especially India, which happens to be one of the world's largest bullion-trading centres.