News Kuwait Finance House has appointed Mazin Al-Nahedh as its new Chief Executive Officer with effect from 1 October. Al-Nahedh previously worked at National Bank of Kuwait as Group General Manager-Treasury, General Manager-Corporate Banking, and Retail Banking General Manager. He is a graduate of Business Administration (Finance) from the University of California and has completed various specialised courses at Harvard University. Al-Nahedh replaces Mohammed al-Omar who resigned with effect from 1 May. National Bank of Abu Dhabi (NBAD) has appointed Susan Yuen to head its operations in Asia. ...
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
Wed November 19 2014
Wed November 19 2014
ABA Annual Gala Dinner
Events , ABA Events The Arab Bankers Association's Annual Gala Dinner will be held on Wednesday 19 November at the Jumeirah Carlton Tower Hotel in London's Knightsbridge. The Gala Dinner is the Association's flagship event, attracting more than 200 guests from London and abroad. Individual tickets cost £175.00 for members and £195.00 for non members. Premium tables, seating up to 12 guests, can be reserved for £2,500 and standard tables, may be reserved for £1,750. More details will be published here when they are available.
Tue December 2 2014
Tue December 2 2014
Seminar on Financial Regulation and Conduct
Events , ABA Events The seminar will focus on the role of the Financial Conduct Authority (FCA) and its expectations for banks operating in the U.K. The seminar will address in particular regulatory requirements for Arab, Islamic and other overseas banks operating in the United Kingdom. Speakers from the FCA will be: William Amos, Director of the Wholesale Banking and Investment Management Division Julia Hoggart, Head of Department, Investment Banks Mr. Colin Derby, a Senior Manager at KPMG, will speak about how banks can ensure that they are meeting the FCA's requirements. The seminar will be moderated b...
News The Central Bank of Qatar's Real Estate Price Index (REPI) shows that real estate prices increased by 21.5% during the first six months of 2014 and now stand 20% above the peak seen in September 2008. The index is 326% ahead of the levels seen when it was inaugurated in 2006. Yet prices remain in line with what one would expect, given the rapid economic growth and the growth in population over the same period, says Qatar National Bank's Economics department. The bank argues that real estate prices should remain roughly in line with two fundamental indicators: a "base effect" (increase in ...
News Qatar National Bank's stake was accumulated in two stages. QNB announced on 4 September that it had acquired 12.5% through the purchase of ordinary shares and the conversion of existing convertible preference shares; and then it announced on 15 September that it had acquired a further 11% through additional share purchases. QNB said that the stake had been funded from its existing resources. QNB is now Ecobank's biggest shareholder. Ecobank had assets of $23.4bn at the end of June 2014 and generated profits of $255mn in the first half. It has 1,241 branches and 20,114 employee...