News Antoine Sreih and Joseph DiVanna have just published an excellent new book that analyses the current state of the Middle East – politically, economically and socially – and offers some predictions for how the region may evolve in the years ahead. Of course, there are plenty of books about the state of the Middle East being published at the moment, but what will interest friends of the Arab Bankers Association is that "Reinventing the Middle East" has been written by two people who have worked in the region for decades – and in particular in Middle East financial markets &...
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
28/07/15 The Arab Banker magazine
News The Arab Banker is the magazine of the London Arab Bankers Association. It has been published since the 1980s, but was re-launched in its current form in September 2013, under a new Editor and with a new design and printing team. The new Arab Banker was immediately welcomed as a great improvement on previous editions, both in terms of editorial quality and in the look and feel of the design. The second edition of the new Arab Banker was published in September 2014, and a third edition was published in September 2015. The Arab Banker is aimed at financial sector professionals who either w...
News Current oil prices reflect 'back to normality', according to Dr. Carole Nakhle, the founder of Crystol Energy. In a recent article she states that, "There is now a consensus that the prevailing stability of the oil price at an unusual record high of around US$100 per barrel, between 2011 and 2014, was simply abnormal and it was just a question of time before the oil market re-adjusted." Dr. Nakhle continues: "in the long-term a US$60 per barrel oil price is not too bad." However, Dr. Nakhle predicts that oil prices will show greater volatility than in recent years, albeit at lower levels....
News In September 2014, a jury in New York found Arab Bank liable for knowingly providing financial services that helped facilitate 24 attacks by Hamas. Arab Bank challenged the verdict in several ways but a judge has rejected those challenges, although other avenues of appeal are still open to the bank. Law firm EdwinCoe has published a briefing document on the recent verdict. Arab Bank had argued that it maintained sound compliance practices to prevent money laundering and terrorism, but the judgement rejected the Bank's argument that it used appropriate 'watch lists' to screen potential cust...