Tunis: Amidst global economy slump and current changes in the Arab region, financial institutions are demanded to address challenges facing comprehensive development, and tackle poverty and unemployment problems by using Arab resources and potentials, according to Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs.

In his welcome address at the annual joint meetings of the Arab financial institutions in Tunis today, Al Tayer commended the role these institutions play and called on them to maximise efforts and coordination to realise the ambitious aspired objectives, meet needs of Arab countries and bolster inter-Arab integration.