Bank of Palestine has opened a representative office at the Dubai International Financial Centre (DIFC). The bank is the first Palestinian financial institution to open an office abroad.

The office will provide a hub from where to promote Bank of Palestine’s banking services and attract investments into Palestine, as well as representing a bridge to the Palestinians in diaspora in the UAE, about 250,000 people. According to a bank’s statement, at a later stage the office will target Palestinians working in the Gulf regions to benefit from their experience as well as financial and academic capabilities.

“We are delighted that Bank of Palestine selected DIFC in Dubai to establish the first representative office for its international operations,” says Essa Kazim, DIFC governor. “This step is another testimony to the prestigious status of Dubai and the UAE as a leading and ideal destination for companies and institutions who wish to launch their operations in the region.”