News Sobhi Osman, who died suddently on 12 January, was born and raised in Beirut, but spent most of his adult life in England, having studied at University in Brighton before following in his father’s footsteps and embarking on a career in international banking. Sobhi joined Beirut Riyad Bank in London in the early 1980s. His experience and knowledge of international trade and banking markets was then rewarded with an appointment to Bank of Beirut (UK) Ltd, where he was Director and Senior Manager. Sobhi's personality, commitment and dedication to his work and colleagues will be sa...
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
Events , ABA Events The provisional schedule of events for 2016 is as follows: Thursday 3 March: Evening seminar on cyber security Thursday 17 March: Evening Seminar on the foreign exchange markets Thursday 21 April: Evening seminar on oil and energy Thursday May 19: Seminar on the Egyptian financial system (likely to be held in the morning) Thursday 23 June: Annual General Meeting (to be held in the evening) Thursday 7 June: Annual Ramadan Iftar (dinner) Thursday 21 July: Evening seminar on the real estate market Thursday 22 Setpember: Evening seminar on immigration requirements for the UK and other c...
Thu February 4 2016
Thu February 4 2016
Charity Concert for Lebanon's Children's Cancer Centre
Events , Partner Events Lebanon's Children's Cancer Centre will hold its second charity concert in London on Thursday 4 February, featuring the Chehade Brothers musical group. The concert wil be held at 1 Mayfair, in London and will begin at 7pm. Tickets can be purchased for £100, £150 and £200. More information can be found by phoning 0777 885 4882 or through the company's website: www.cccluk.org. A You Tube video of the Chehade Brothers performing can be see here.
11/01/16 New report on GCC IPO market in 2015
News There were only six IPOs in the GCC during 2015, raising $1.48bn between them, according to a new report by Kamco, the Kuwaiti investment company. Four of the IPOs were for Saudi companies, one was for a Kuwaiti company and one for an Omani company (see below). All except one occurred in the first half of 2015. In contast, there were 17 IPOs in 2014, raising a total of $10.9bn. Kamco attributes the slowdown to "the negative sentiment prevalent in the market from falling oil prices, growing geopolitical concerns, and broader economic uncertainty." The company also recognises that Eid and t...
Mon March 7 2016
Wed March 9 2016
Energy Arbitration and Dispute Resolution in the Middle East and Africa
Events , Partner Events The London Centre of International Law Practice (LCILP) will hold a two-day conference, followed by a one day workshop, on Energy Arbitration and Dispute Resolution in the Middle East and Africa from 7 - 9 March. The conference will be held on 7 - 8 March and the workshop on 9 March. The conference will be held in London. Click here for the relevant page on LCILP's website. We will post more information about the conference as more details become available.