| 22 Jun 2008 |
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Noor Islamic Bank opens office in Tunisia
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Dubai: Noor Islamic BankNoor Islamic Bank
PJSC on Saturday announced the opening of a representative office in Tunisia to offer banking services in the North African countries. The regional office is located on Hadrumete Street, 2 Mutuelleville in the capital Tunis. It will focus mainly on investment and corporate banking, and will also channel investment opportunities from the GCC into North Africa, including Egypt, Libya, Algeria, Morocco, Tunisia and Mauritania.
"The UAE is investing billions of dollars in Tunisia and North Africa as part of its commitment to drive economic growth in the Arab world. We would like to build on this legacy and sustain the synergy with the Tunisian government and institutions, and the North African region," said Hussain Al Qemzi, Group CEO, Noor Islamic BankNoor Islamic Bank
and Noor Investment Group. The Tunisian economy has been growing at a steady rate and the Government of Tunis predicts an average growth rate of 6.3 per cent over the next decade.
As the largest Arab investor in Tunisia and the North Africa region, the UAE's investments in the country have exceeded Dh81 billion ($22 billion).
By Staff Reporter
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