10 January 2014

Tunisia: "Tunisia to Host Regional Office of Union of Arab Banks" - Wissem Ftouh

Tunis, — "Tunisia has been chosen to host the regional office of Union of Arab Banks (UAB)", announced, Friday, Secretary-General of UAB Wissem Hassan Ftouh.

"This choice is motivated by the high level of trust enjoyed by Tunisia to the Union's officials," UAB S-G said after his talk with interim Foreign Minister Othman Jerandi.

According to a statement of the Foreign Ministry, Ftouh said that this "high level of trust jumped several notches, thanks to the positive political indicators and the palpable developments in matters of economic growth, despite the difficulties and the challenges of the present juncture.

The regional office, presently, covers the Arab Maghreb zone but it tends to extend its activity to encompass the African space, he explained. The settlement of this regional office in Tunisia will not fail to increase the country's capacity to attract foreign investments, notably, in light of the steps made on the path of acknowledgement of the democratic transition deadlines," Othman Jerandi asserted.

In this connection, he voiced trust as regards the success of the mission of the regional office of AUB, in such a manner as to contribute to its influence on the regional and international level. He also stressed Tunisia's commitment to strengthen its co-ordination and its co-operation with the Union and provide it with all the necessary facilitation so as to help it fully perform its activities, in accordance with the legislation and regulations in force.

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