Jersey Finance Delays Gulf Visit

by Jason Gorringe, Tax-News.com, London

08 November 2004

Finance industry body Jersey Finance announced on Thursday that it has postponed the Government-led visit to the Gulf region later this month as a mark of respect following the death of United Arab Emirates President, HH Sheikh Zayed bin Sultan Al Nahyan.

Phil Austin, Chief Executive of Jersey Finance, explained that: "It is right that we mark the passing of Sheikh Zayed by delaying our forthcoming visit to the region and sending our condolences. However, we are making the necessary arrangements so that the visit can proceed in February next year in order that we can continue the important task of renewing and extending contacts with finance professionals across the region."

He went on to add:

"In the meantime, whilst the formal visit is postponed, I know that a number of Finance Industry representatives will be visiting the region on an individual basis. We welcome this since it helps to maintain the commercial momentum that has been built up during the last three years and we will be assisting our Members as much as possible."

The visit to the Gulf region which was to have taken place between November 20 and 29 would have been the largest from Jersey to date, involving around 50 representatives from Jersey's finance industry. Visits to Abu Dhabi, Dubai and Bahrain were planned, and the intention is that Jersey Finance will proceed with a similar visit involving an enhanced programme at the end of February 2005.

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