News To compile the Emirates Investment Bank report, IPSOS/Brunswick conducted face-to-face interviews with 103 "High Net Worth Individuals" (Hinwis) from the six Gulf states. The definition of a Hinwi was someone with more than $2mn in investable assets. Among the findings of the survey were: 33% of the interviewees' wealth is invested in their own businesses, with 30% in real estate and 17% in cash/bank deposits. Asked how they would invest an additional $1mn in unexpected income, 35% said they would invest it in real estate, 30% would invest it in their own business and 13% would...
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
Fri March 6 2015
Fri March 6 2015
Corporate Members Briefing: Dealing with FATCA and CRS
Events , ABA Events The ABA's second Corporate Members' Briefing of 2015 was held at the Association's offices on Friday 6 March. Experts from Allen & Overy, E&Y and AxiomSL briefed ABA corporate members on how to ensure that their operations are able to efficiently comply with the requirements of the U.S. Foreign Account Tax Compliance Act (FATCA) and what they should be doing to be ready for the Common Reporting Standard (CRS). Although the details of FATCA have been known for some time, many banks still face challenges related to some detailed aspects of implementation, such as the treatment...
13/03/15 Save the Dates: Upcoming ABA Events
News We will hold a seminar on the oil market on 11 May, and a seminar on real estate investment market on 11 June. A seminar on UK visa and employment rules will be held on 17 September. A seminar on the situation in Egypt, with particular reference to the banking and finance system, will be held on 19 November. As for our social calendar, our Iftar is scheduled for 9 July, the Gala dinner will be on 5 November and we plan to hold our Christmas party on 17 December.
Events , ABA Events There was plenty of sunshine, a good lunch, great company, and...great golf. It was the ABA Golf Society's inauguaral outing, at the Richmond Golf Club on 5 March. Jonathan Carr won the overall competition and took home the trophy and a bottle of champagne kindly donated by Tim Wilson of Henry Sanderson Homes. Jez Drayton ws second and Phil John third. Jez won the trophy for the longest drive and Phil won the "Nearest the Pin" trophy. The ABA is grateful to Pearl Acquisitions and to Essential Design Company for donating the trophies. The event was preceeded by a li...
Fri March 27 2015
Fri March 27 2015
"How to Make Winning Presentations"
Events , ABA Events The Arab Bankers Association has partnered with Speakers' Corner to offer a one day workshop for members entitled, "How to Make Winning Presentations." The workshop will be held on Friday 27 March at the ABA's offices in Mayfair. It will begin at 10am and finish at 5 pm. The objective of the workshop will be to develop each of the participant's presentation skills and will focus on the following points: What makes a good presentation? "Message is the key" "Structure Matters" PowerPoint: should be an aid not a hinderance Great communicators show heart. The workshop will be presen...