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
News Insurance premiums paid in Saudi Arabia totalled about $5.7bn in 2012, representing 0.12% of global insurance premiums. Saudi GDP, at $745bn, represented about 1% of global GDP. Saudi premiums were expected to reach $6.7bn in 2013. But a report by Kuwait's Markaz says that the insurance industry in Saudi Arabia is growing rapidly -- about 18% per year. This growth has been spurred by the recent requirement for all nationals to have health insurance, but it is also due to population growth and a clearer regulatory framework that has opened the way for banks to distribute insurance products ...
News Four GCC banks feature in Global Finance magazine's 2014 ranking of the World's Safest Banks. National Bank of Abu Dhabi (NBAD) is the safest bank in the Middle East, ranked 25th, followed by National Bank of Kuwait (41), Qatar National Bank (49) and Samba Financial Group (50). Global Finance's rankings are based on long-term foreign currency credit ratings assigned by Fitch, Moody's and S&P. Banks are scored on their ratings, with a AAA rating attracting 10 points, down to one point for a rating of BBB-. The safest bank in the world is Germany's KfW which has AAA ra...
Tue October 21 2014
Tue October 21 2014
2nd Arab-British Economic Forum
Events , Partner Events The Arab British Chamber of Commerce will hold the 2nd Arab-British Economic Forum in London on 21st October. The Forum will focus on the strengthening of relations between the Arab World and the United Kingdom and on expanding the range of opportunities for co-operation. The event is organised in partnership with the League of Arab States, the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, the Jordan Chamber of Commerce, United Kingdom Trade and Investment, London & Partners and British Chambers of Commerce. It will be held at the Millenium ...
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. ...