Ozouf returns from Emirates tour
Senator Philip Ozouf, has completed his tour of the Emirates.
The Treasury Minister visited Abu Dhabi and Dubai with the aim of securing further business with the Gulf region.
The visit is part of a series of initiatives by ministers to promote the island throughout 2012.
Senator Ozouf said: "I am very pleased with the progress that the Jersey Finance representative office in Abu Dhabi has made over the last 12 months. The team there has helped secure solid business flows for Jersey business and developed key contacts, which were fully utilised during my time in the region this week.
"One of the main objectives of my visit had been to call on Abu Dhabi Commercial Bank (ADCB), whose Jersey branch is currently hosted by AIB. I met the Chief Executive Officer and other senior executives from the bank, together with Sean Costello from Jersey Finance, Abu Dhabi.
"The showcasing of the holographic portrait Equanimity at two key events was a unique opportunity for us to demonstrate both our commitment to The Crown and our growing relationship with the UAE. Our image of the Queen is a powerful symbol, reinforcing the heritage of our jurisdiction.
"This weeks news of a double-dip recession in the UK and of job losses at HSBC further emphasises the need for Jersey to continue to diversify its markets geographically. We began this strategy 10 years ago in the UAE. We now have significant business from this region and there is more for us to secure.
"As the financial crisis continues in Europe, it is even more important that we redouble our efforts to extend Jerseys market share in the regions that are seeing growth, especially in the Finance and now Digital sectors. Investment of energy, time and resources is essential for us to boost business and create jobs in Jersey."