Events , ABA Events ABC International, National Bank of Kuwait, Norton Rose and Saville's will sponsor the ABA's next evening seminar, entitled, "Investing in UK Real Estate", to be held on 17 June. Details of speakers and how to register is given on our "Events" page. The Association has also set the dates for its Ramadan Iftar -- to be held on Monday 14 July -- and the Annual Gala Dinner -- to be held on Wednesday 12 November. Both the Iftar and the Gala Dinner will be held in central London. More details will be published on the website as they become available. For more details and to regist...
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 Natural gas demand will grow by 1.9% per year from until 2035 -- faster than any other energy source -- according to BP's latest Energy Outlook. A recent Economic Commentary by Qatar National Bank (QNB) provides an easy-to-read two-page summary of the BP report, and includes two key charts projecting energy consumption by region and energy consumption by energy source between 2012 and 2035. BP is predicting that global energy consumption will grow by 41% from 2012 until 2035 and that 95% of this new demand will come from emerging markets. India and China will account for about 25% of tota...
Wed March 19 2014
Wed March 19 2014
Glittering Performances at ABA Gold/FX Seminar
Events , ABA Events Four international experts gave technical presentations on the prospects for the Gold and Foreign Exchange markets to ABA members and their friends on 19 March. The event received front page coverage in the London Arabic-language daily, Al-Sharq al-Awsat, on 21 March. Marwan Dagher, HSBC's Head of Institutional Sales in Europe, the Middle East and Africa introduced the seminar and the speakers. Marcus Grubb, the World Gold Council's Managing Director for Investment and Strategy gave the opening presentation, and was followed by Daragh Maher, a currency strategist at HSBC, Janet Henry, HSBC...
Thu June 26 2014
Thu June 26 2014
IFN Islamic Finance Forum, Luxembourg
Events , Partner Events The annual IFN Europe Forum will be held at in Luxembourg on 26 June, under the title "Islamic Finance in Europe: Regulatory Advancements, Growth Opportunities and Investment Opportunities". The event is organised by REDMoney, in association with the Arab Accounting Organisation for Islamic Financial Institutions (AAOIFI), the Luxembourg Fund Industry, the International Islamic Financial Market and LuxembourgforFinance. Registration for the Forum is free of charge. The event will be held at the Double Tree by Hilton in Luxembourg. We will post further information about this event a...
News Saudi Arabia’s state-owned Public Investment Fund (PIF) will sell a 15% stake in National Commercial Bank, according to Saudi finance Minister Ibrahim al-Assaf. The Minister said that a share offer plan will be submitted to the Saudi Capital Market Authority in the third quarter of this year. He added that the PIF would sell a 10% stake to the Saudi Public Pension Agency, in addition to the public offering of 15%. NCB is the largest bank in Saudi Arabia with assets of SR367,081mn ($98,888bn) and equity (including non-controlling interests) of SR41,11,178mn ($918mn) at the end ...