By Kim Richters 
 

Intesa Sanpaolo SpA (ISP.MI) said Thursday that it had signed a three-year memorandum of understanding for cooperation with the Ministry of the Economy of the United Arab Emirates.

The Italian bank said they plan to encourage cooperation in several areas including startups, joint ventures and innovative technologies.

The bank didn't give any financial terms for potential cooperations.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

January 23, 2020 05:23 ET (10:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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