Dubai’s Fintech Hive and Israel’s Fintech Aviv have reportedly reached an agreement that will see the two work together on events, knowledge sharing and talent development, as the Israel-UAE Normalisation Agreement signed in September of this year continues to play out.

As it stands, over 50% of GCC fintechs operate from Fintech Hive, placing it in many eyes as the top fintech hub in MENA and one of the top ten in the world. This year has also seen the hub expand to over three times its previous size, having opened a larger space for startups, scale-ups and entrepreneurs. With this new agreement, Fintech Hive will look to further strengthen its position, while facilitating growth in the tech and innovation sectors.

Fintech Aviv, meanwhile, enjoys a similar reputation. Having launched in 2014, it now has more than 6,000 startups and over 300 research and development centres as members.

It’s yet to be clear as to when and how collaborations between the two might kick in.