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

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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...

Mon May 9 2016 - Wed May 11 2016
City Week 2016, 9-11 May 2016

Events , Partner Events City Week will hold its sixth annual event with the theme, "Towards a New Era of Innovation and Competitiveness" on 9-11 May at the Oval Cricket Ground in London. Members of the Arab Bankers Association will be given complimentary tickets to the event when registering at www.cityweekuk.com The 2015 event attracted more than 700 delegates from 50 countries. The 2016 event will comprise a range of conferences, seminars and networking opportunities, with an optional third day of one-to-one offsite meetings. The main programme comprises four half-day simposia: Global financial services: str...

Wed May 11 2016 - Wed May 11 2016
Responding to sensitive incidents involving financial crime

Events , ABA Events Under the sponsorship of Mishcon De Raya and Alvarez & Marsal, we will be holding a seminar entitled "Responding to sensitive incidents involving financial crime' on Wednesday 11 May. This seminar will be a bit different from our usual technical seminars since it wil entail an 'interactive session' dealing with real scenarios that financial institutions have faced, with members of the audience being encouraged to share their experiences. Presenting the seminar will be: Masoud Zabeti, head of the Finance and Banking Disputes Group as Mishcon de Reya. Masoud will address the internal an...

Thu April 21 2016 - Thu April 21 2016
The Future of Risk: Financial Crime and Cyber Security

Events , ABA Events This seminar will focus on financial crime, de-risking and cyber security. It wil be sponsored by PwC, Origone, National Bank of Kuwait and National Bank of Abu Dhabi. Speakers will include: Mr. Andrew Clark, Partner in PwC's Financial Services Risk and Regulations Practice Mr. David Choi, Partner in PwC's Financial Services Risk and Regulations Practice Mr. Antonis Patrikios, Partner in the Privacy, Security and Information Law Group at Fieldfisher Mr. Dan Crisp, Global Chief Information Officer and Head of Technology Compliance at BNY Mellon Mr. Jonathan Partouche, CEO of Origone. ...

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29/03/16  Update on Egyptian Devaluation & Interest Rate Moves

News The Central Bank of Egypt (CBE) took markets by surprise with a 14% devaluation of the Egyptian pound on 14 March. The new rate was $1 = EgP 8.85. At the same time, the Central Bank announced that it would be taking a 'more flexible' approach to managing the exchange rate and that it would target international reserves of $25 billion during 2016. (CBE press release 14 March.) Reserves were $16.5 billion at the end of February, according to Central Bank figures. On 17 March the Central Bank increased its overnight deposit rate by 1.5% to 10.75% and its overnight lending rate by the same amo...