ITALY - Italy's Deputy Development Minister - Need to open to Islamic finance

(ANSAmed) - ROME, NOVEMBER 3 - Italy should open itself up to Islamic finance by modifying its regulatory system, said Deputy Development Minister Adolfo Urso at the end of his speech at the Italian Institute for Foreign Trade in Rome where the report "Italia Multinazionale 2010" was presented this morning.


''Arab countries,'' said the Deputy Minister, ''are interested in investing in Italy and we should be more welcoming to them.'' Urso said that legislative reform was needed.

''Islamic finance is nothing other than ethical finance.'' The Arab world is an area of high interest for Italian companies, continued the deputy minister, and noted that the next Italian mission would be in Saudi Arabia and the Gulf. In the United Arab Emirates, Urso said, ''we will be holding a seminar to show our partners the potential of our market.'' (ANSAmed).

Source : http://ansamed.biz/en/arabia/news/ME.XEF71534.html - Nov 3, 2010