ABA News Thirty members of the Arab Bankers Association attended the Association’s Annual General Meeting at 6pm on 9 September. Nineteen proxy forms were received from members unable to attend in person. The meeting was held at the Association’s offices in Upper Grosvenor Street. Hani Kablawi, the Association’s Chairman, opened the meeting and gave a brief introduction before asking Duncan Steele-Bodger, the Treasurer, to present his financial report. Duncan said that the Association’s finances were stable and in a much stronger position than in recen...
A message from the Chief Executive Officer
Welcome to the Arab Bankers’ Association!
We are an association of bankers and finance professionals who work in Arab financial markets. Most of our members, both corporate and individual, are based in the U.K. but a significant proportion are based outside. Nearly all of us have spent much of our professional lives living and working in the Arab world.
Our aims are simple: to foster improved relations, information sharing and understanding between the private and public sectors in the Arab world and the U.K. We achieve this through our programme of evening seminars and social events, through tailored events for individual members and their clients, and through personal interaction and introductions that are based on decades of business experience.
You will find more information about our work on the various pages of this website. For example, elsewhere on this page you can download a copy of our Annual Magazine; on the “Events” page you can download presentations given at recent evening seminars; and soon we will be adding a new page to our website -- “Arab Banking News” – where you will see a brief round-up of recent events that are relevant to our membership.
The “Join” page also contains a full list of member benefits.
This is an exciting time for Arab banks and their subsidiaries and affiliates in London. Gulf banks are looking to expand their international operations, banks in Egypt and other north African countries are finding their footing after the uncertainties of the Arab Spring, and debt issuance across the region is increasing.
London hosts the largest and most important banking community in Europe, so its not surprising that it is in London that many of the innovative new financial structures that are shaping Arab finance are designed and sold.
The ABA has been serving and promoting Arab banking in London for more than 30 years and we are as enthusiastic and committed to our mission today as we were on the day we were founded. If you are a member, I look forward to working alongside you in the months ahead. If you are not a member, I hope you will consider joining us.
George E. Kanaan Chief Executive Officer
ABA News The forthcoming issue of the Arab Banker carries an interview with Dr. Jamil Al-Jaroudi, the Chief Executive Officer of Bank Nizwa, Oman’s first Islamic bank. The Magazine will be mailed to ABA members in mid-September. Key points addressed in the interview include the long-term business strategy of Bank Nizwa, including its plans to open new branches and plans to develop overseas business. Dr. Al-Jaroudi also addresses the role played by the Central Bank of Oman and the perspective of Shari’a scholars in Oman. Click here to read more
13/08/13 The Syrian Banking System
ABA News Analysis of events in Syria focuses – correctly – on the appalling humanitarian tragedy and the fears for the long-term future of an Arab country with a long and distinguished history. Not surprisingly, there has been little focus on what the crisis in Syria means for its financial system and its banks. Yet, the state of the financial system does have a bearing on daily life in a war torn country, and it will have a crucial role to play in reconstructing the country when the fighting end. The Arab Bankers’ Association’s Editor in Chief, recently wro...
ABA News Mr. Hisham Ezz al-Arab is the Chairman and Managing Director of Commercial International Bank (CIB), Egypt’s largest private sector bank, with an 8% share of the Egyptian banking market. He is also the Chairman of the Federation of Egyptian Banks, the first private sector banker ever to be elected to the post. The Arab Bankers Association asked Mr. Ezz al-Arab about the effects of the Egyptian revolution on Egyptian banks, and the prospects for state-owned banks and for Islamic banking, and about credit ratings. We also asked about CIB’s strategy on overseas repres...