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

Tue May 31 2016 - Tue May 31 2016
FX & Commodity Seminar: "Growth Pains, Dollar Wanes, Gold Gains"

Events , ABA Events Under the sponsorship of HSBC, we will hold a seminar on recent developments on theglobal economy, currencies and commodities, and the outlook for the future. The seminar will be held at the Arab British Chamber of Commerce Building, 43 Upper Grosvenor Street, at 6pm on Tuesday 31 May. The seminar will be delivered by: Janet Henry, Global Chief Economist, HSBC, who will consider prospects for global growth and how it may affect financial markets. David Bloom, Global Head of FX Strategy at HSBC, who will consider the current weakness of the dollar and the current rally in emerging market...

shutterstock_217065625.jpg

16/05/16  UK Companies May Face More Liability for 'Failing to Prevent' Crime

News On 12 May, the British government announced that its Ministry of Justice would open a consultation on whether to extend the scope of the criminal offence under which a company (including banks) can be held liable for 'failing to prevent' an offence beyond its current scope of bribery and tax evasion. If the scope of the offence is extended to other economic crimes, it is likely that acts such as fraud, including offences related to Value Added Tax, cheating the public revenue, and customs and excise; and offences related to money laundering would be included. Historically, companies were ...

shutterstock_406625830.jpg

10/05/16  Major Middle East Energy Projects Continue, Despite Low Oil Prices

News $289 billion has been committed to energy projects in the Middle East that are already under execution, with an additional $611 billion planned for investment, according to a new report by Apicorp Energy Research. Saudi Arabia and Iran will account for the lion’s share of these investments, Apicorp says, although Egypt will also be investing heavily in its power sector. Apicorp classifies investments as either ‘Planned’, meaning that they are under study, are waiting for the Front End Engineering and Design (FEED) contract or are on the point of seeing contracts awarded....

ABA-April-2016-131-2.jpg

Thu April 21 2016 - Thu April 21 2016
Responding to Financial Crime, Increasing Cyber Security

Events , ABA Events Experts from PwC, Fieldfisher, BNY Mellon and Origone delivered a seminar on financial crime and cyber security at our evening seminar on 21 April. Andrew Clark and David Choi, both Partners in PwC's Financial Services Risk and Regulations Practice, addressed the increasing pressure that banks are facing from regulators as they try to respond effectively to threats from financial criminals, and the technological solutions that are available to banks, particularly in their dealings with high risk clients and correspondent banking relationships. Their presentation is attached below. Antonis...

shutterstock_266890973.jpg

26/04/16  Saudi Arabia's Vision 2030: key points

News Mohammed bin Salman, Saudi Arabia's Deputy Crown Prince and the son of King Salman, announced "Vision 2030" on 25 April - an ambitious plan for economic and social development in the Kingdom. The Vision is divided into three sections addressing social, economic and administrative themes. Of the 33 individual headings in the Vision, 14 deal with the Saudi economy, 11 with social issues, and 8 with a variety of adminstrative themes. The Vision also describes 13 government programmes that have been initiated to implement the Vision (although it is made clear that these 13 do not comprise a co...