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

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25/02/15  IMF Upbeat on Egyptian Economy

News The IMF's latest Article IV Report is the first since Egypt's 2011 revolution. The press release on the report states that, "The (Egyptian) authorities have started implementing policies to raise growth, create jobs and restore macro-economic stability." The IMF projects GDP growth of 3.8% in 2014/15 and 5% over the medium term, compared to an average of only 2% over the last four years.  Commenting on Egyptian banks, the IMF says that, "The banking system, starting from a relatively strong position, has been resilient to the shocks and has maintained profitability, low non-performing...

Thu March 19 2015 - Thu March 19 2015
Conference and Workshop: "International Sanctions: Legal, Policy and Business Challenges"

Events , Partner Events The London Centre of International Law Practice is organising a one day conference entitled, "International Sanctions: Legal, Policy and Business Challenges." The conference will be held on 19 March at Arundel House, 13-15 Arundel Street, London WC2R 3DX (the home of the International Institute for Strategic Studies, by Temple underground station).  The conference will comprise four sessions:  The evolving practice of international sanctions and its legal implication Impact on cross-border business Living under sanctions: the view from targeted parties Legal challenges to s...

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Thu March 5 2015 - Thu March 5 2015
ABA Golf Society, Inaugural meeting

Events , ABA Events The inaugural meeting of the ABA's Golf Society will be held on Thursday 5 March at the Richmond Golf Club, Roehampton Gate, Richmond Park. Members are encouraged to bring guests and friends. The event will begin at 12pm with a quick bite to eat, with golfers teeing off between 1 and 1.30. There will be a meal after the golf has finished. The event will be over 18 holes, using Stableford rules.  Tickets are £90, all in.  There will be three prizes: best score, nearest the pin, and longest drive. The full address of Richmond Golf Club is Roehampton Gate, Richmond Park, L...

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05/02/15  ABA Golf Society Announces First Meeting

News The first meeting of the ABA Golf Society will take place at the Richmond Golf Club, Roehampton Gate, Richmond Park, London on Thursday 5 March. The meeting will start at 12pm with a bite to eat, and golfers will Tee off between 1pm and 1.30. There will be a meal after the golf. The cost for the event will be £90 all in. The event will be over 18 holes using Stableford rules. There will be prizes for the best score, nearest the pin, and longest drive.  For more details, including details of how to register, please look at the entry on the "Events" tab. We are grateful to our ...

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Fri January 30 2015 - Fri January 30 2015
Smith & Williamson Brief ABA Corporate Members on Changes to UK Tax Regime

Events , ABA Events Tax and wealth management specialists from Smith & Williamson, hosted the ABA's first Corporate Members' lunch of 2015 with a briefing on changes to the UK's tax regime that will affect high net worth individuals and offshore corporations. Roy Baldwin, a Partner in the firm's Tax Investigations & Disputes department, told attendees that the tax authorities ("HMRC") had been levying tax surcharges on people who they believed had been trying to evade tax by moving assets through several tax jurisdictions. He also described the increased capacity of HMRC to locate taxable income and t...