News Alex Thursby, the Group Chief Executive Officer of National Bank of Abu Dhabi (NBAD) spoke to the Arab Bankers Association about the bank’s new strategy to seize opportunities in the “West East Corridor” – a region stretching from West Africa to East Asia. ABA Last year, National Bank of Abu Dhabi (NBAD) announced a new strategy based on opportunities in the "West-East Corridor". How do you define the "West-East Corridor" and why do you find this region so much more attractive than other regions? Alex Thursby The West-East Corrido...
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 The UK Government’s Sovereign Sukuk: Opportunities and Challenges Steve Troop is an advisor to the Chairman and Board of Directors of Barwa Bank, the Shari’ah-compliant Qatari bank. He previously served as the bank’s Chief Executive Officer. Mr. Troop has been involved in discussions with the UK Government on its plans to issue a sovereign sukuk and promote London as centre for Islamic finance. He is a member of the Right Honourable Baroness Warsi’s Global Islamic Finance and Investment Group. In the following article, Mr. Troop outlines the opportunities and the c...
Events , ABA Events The presentations and a selection of photographs from the ABA's briefing on the conditions applying to residency and citizenship in the UK and other territories (held on 14 May) and the seminar on regulatory change (held on 22 May) have now been posted. Please refer to the "Events" page. The picture above shows Mr. Peter Brooke, Managing Partner at FTI Consulting, who spoke on "Conduct Risk and Financial Crime" at the seminar on regulation.
Events , ABA Events Eighty ABA members and their friends attended the Association's expert briefing on options for residency and citizenship in the UK and other territories. The briefing addressed the investment conditions attached to various types of residency, the time taken to achieve permanent residency status and/or citizenship, and the tax implications of residency/citizenship. The event was sponsored by EdwinCoe, Henley & Partners and London & Capital. Three slide presentations were given and these are attached below, along with some photographs of the event. Dhruti Thakrar, a partner w...
News The political and security situation in Iraq has again been in the headlines in recent weeks, following the take-over by ISIS of substantial areas of northern Iraq, the change of Prime Minister, and western handwringing over how to intervene without repeating the mistakes made in 2004. Mowafaq Mahmood, a career banker who has held senior positions in Iraqi private banks and in the Central Bank of Iraq, spoke to the Arab Banker about the challenges faced by the Iraqi banking system at the present time and, more generally about the reasons why private banks have not been able to increase the...