A new-look Arab Banker magazine was re-launched on 16 September 2013. The Arab Bankers Association is delighted with the positive response that it has received. Highlights include profiles of Lebanon's Blom Bank and the Kuwait Investment Office and interviews with Dr. Mohammed Baasiri, Vice Governor of the Central Bank of Lebanon and Dr. Jamal al-Jaroudi, CEO of Bank Nizwa.
Sukuk issuance fell to $115bn in 2013, compared to $136bn in 2012, according to a report by Zawya, the Dubai-based news and report service, but the fall was entirely attributable to reduced issuance by Malaysia, which accounts for about two thirds of the global total.
The Board of the Arab Bankers Association has elected Abdulaziz Al-Khereiji as its Chairman, replacing Hani Kablawi, who had served as Chairman for the previous two years. Samer Hijazi was elected as Treasurer, replacing Duncan Steele-Bodger. Fawzi Dajani will serve as Vice Chairman.
Dr. Naaman Azhery, the Chairman of Blom Group, received the ABA's award for Distinguished Service to Banking at the Association's Annual Gala Dinner on 24 October. Over 200 ABA members and guests attended the event, which also included the Rt Hon. Oliver Letwein, Minister for Government Policy, as the keynote speaker.
To help our members understand the forces and pressures at work in Libya today, the Arab Bankers Association spoke to Oliver Miles, a former British Ambassador to Tripoli. We asked him about the regional differences in Libya and the importance of tribal and family ties, as well as the role that the international community can play in rebuilding Libya.