News Four new directors have jointed the Association's board following the AGM that was held on 11 September. The four new directors are: Tarek Amer, Chief Executive Officer, National Bank of Egypt International Fuad Khadder, Managing Director, HSBC Charbel Khazen, Senior Vice President and London Branch Manager, Gulf International Bank Bert de Ruiter, Chief Executive Officer, QIB (UK) All of the new directors are based in London. The officers of the ABA remain unchanged: Chairman: Abdulaziz Al-Khereiji, Chief Manager, Riyad Bank London Branch Treasurer: Samer Hijazi, Director, KPMG Co...
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
27/08/14 Save the Dates: Upcoming ABA Events
Events , ABA Events Our Annual Gala Dinner will be held in London on Wednesday 19th November. On Tuesday 2 December, we will hold another of our evening seminars. In co-operation with KPMG and the Financial Conduct Authority, the seminar will focus on current developments in UK financial regulation. Our Christmas Party will be held on Tuesday 16th December in London. More details on all of these events will be posted on this site in the next few days.
News The Saudi Capital Market Authority (CMA) has issued its draft regulation to govern foreign investment on the Saudi Stock Exchange (Tadwaul). The draft is dated 21 August 2014 and interested parties have until 20 November to make representations to the CMA. The Arabic text of the draft CMA regulation, and the CMA's English translation, are attached at the bottom of this article. Both are available on the CMA's website (www.cma.org.sa). The draft rules set out the procedures, requirements and conditions for qualified foreign investors (QFIs) to register with the CMA. Article 6 of the...
Tue December 16 2014
Wed December 17 2014
International Real Estate Finance Summit
Events , Partner Events The annual International Real Estate Finance (IREF) Summit, organised by ICG-Events, in London will have a strong focus on Middle East and Islamic property finance. The Summit will include a session dedicated to Shari'a-compliant financing and others addressing Middle Eastern and GCC mortgage markets. Sessions will also consider the legal aspects of Shari'a-compliant finance and recent developments in Malaysian property markets. Members of the Arab Bankers Association may claim a 10% discount to the registration fees by quoting the reference number ABA10 when signing up to attend the Summi...
News How has the Iraqi banking system been affected by the recent success of ISIS in gaining control over certain areas of Iraq? All banks, both state-owned and private banks, that are operating in the areas that have fallen into the hands of ISIS have been looted, and this includes the Mosul branch of the Central Bank of Iraq, from which hundreds of millions of dollars have been taken. I’ve heard from a number of bank managers that it is difficult to work in the areas under ISIS control and that in many cases the banks have closed down for normal business. How do you thi...