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Jersey and Whitmill committed to the MENA region

26 June 2014

Whitmill has in the last few years been stepping up its commitment to its clients from the Middle East and Gulf region.  Likewise there has been an increase in inter-government cooperation and last month Ministers from Jersey visited the United Arab Emirates, Qatar and the Kingdom of Saudi Arabia, and a delegation of Arab Ambassadors in turn visited the Island.

During the visit to Qatar and Saudi Arabia, the Treasury and Resources Minister, Senator Philip Ozouf, met with His Excellency Ali-Shareef Al-Emadi, Minister of Finance and His Excellency Sheikh Ahmed bin Jassim bin Mohamed Al-Thani, Minister of Economy & Commerce for the state of Qatar and Minister of Finance, His Excellency Dr Ibrahim bin Abdulaziz Al-Assaf in the Kingdom of Saudi Arabia.

During the visit to the United Arab Emirates the Chief Minister, Senator Ian Gorst met a number of senior ministers, government officials and key business introducers, and signed a Memorandum of Understanding which sets out a formal framework for the exchange of regulatory information between Jersey's financial services regulator, the Jersey Financial Services Commission and the Emirates Securities and Commodities Authority.

Last month a delegation of Arab ambassadors cam to Jersey on a two day visit at the invitation of the government. The delegates from the Arab Ambassadors Council, which represents ambassadors of Arab states accredited in the UK, attended a breakfast reception as part of a wide ranging itinerary.  The event was hosted by the Jersey Government and Finance Industry representatives of which Whitmill Trust were a part.  Whitmill's discussions with representatives from the UAE, Jordan, and the Arab British Chamber of Commerce very buoyant and full of promise and opportunities.

Whitmill has had relationships with clients from the region for over 12 years and is looking forward to building on and extending those relationships as the partnership between Jersey and the MENA region is seen to deepen and grow as a result of increased governmental and industry activity and cooperation, as fact further reflected by Jersey Finance's participation as a co-sponsor of both the Super Return Conference in Dubai, a three day event in October which attracts senior delegates from the region as well as a conference staged by Euromoney in Qatar later in the year which is expected to attract more than 1,700 delegates.

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