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Habtoor Group to Open Representative Office in Israel

Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat
Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat
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Habtoor Group to Open Representative Office in Israel

Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat
Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat

Dubai conglomerate Al Habtoor Group is to open a representative office in Israel, it said on Sunday.

The United Arab Emirates and Israel last week agreed to establish bilateral diplomatic and trade ties, which officials have said would create significant economic opportunities.

The family-owned conglomerate portfolio covers the hospitality, construction, education and automotive sectors.

"We are preparing to reveal a few collaborations in the coming days," the head of Habtoor Group, Khalaf Ahmad al-Habtoor, said in a statement.

"I have been looking forward to this day for a very long time," al-Habtoor said as he met in Dubai with Shlomi Fogel, chairman of Israeli Ampa Group.

"I have always believed that Emiratis and Israelis have a lot in common,” he added.

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Türkiye's Simsek to Meet Ratings Agencies, Investors on US Trip

Cargo ships are anchored in the Marmara Sea as they await to cross the Bosphorus, in Istanbul, Türkiye, Sunday, April 13, 2025. (AP)
Cargo ships are anchored in the Marmara Sea as they await to cross the Bosphorus, in Istanbul, Türkiye, Sunday, April 13, 2025. (AP)
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Türkiye's Simsek to Meet Ratings Agencies, Investors on US Trip

Cargo ships are anchored in the Marmara Sea as they await to cross the Bosphorus, in Istanbul, Türkiye, Sunday, April 13, 2025. (AP)
Cargo ships are anchored in the Marmara Sea as they await to cross the Bosphorus, in Istanbul, Türkiye, Sunday, April 13, 2025. (AP)

Turkish Finance Minister Mehmet Simsek said he will meet with rating agencies, investors and companies planning to shift supply to Türkiye during a visit to the United States this week.

"I will be in America this week for the IMF, World Bank and G20 meetings. We will meet with rating agencies in New York at the beginning of the week and then with direct investors based in America," Simsek told reporters during a weekend visit to Türkiye's Black Sea province of Giresun.

"We will meet with real sector representatives, especially US companies that plan to shift their supply to Türkiye, especially following recent developments," he said, referring to the tariffs imposed by US President Donald Trump.

Last Friday, Türkiye's overnight interest rate rose to the new upper band of the rate corridor, around 49%, a day after the central bank's surprise policy tightening.

Those moves followed weeks of market turmoil triggered by the March arrest of Istanbul Mayor Ekrem Imamoglu, President Recep Tayyip Erdogan's main political rival, and then the imposition of tariffs by Trump.

Simsek said he would attend around 15 bilateral meetings or meetings organized by investment banks each day in the United States, and would convey the message that Türkiye's economic program will not change.

"In all these meetings, we will say that there is no change in the program, that there is a very strong political will behind the program," Simsek said.