ABA member, Dr. Nicolas Bremer, has published a short note on how businesses should respond to the sanctions imposed on Qatar by some Arab countries.
National Bank of Egypt appoints Yasser Ibrahim as London CEO
Yasser Ibrahim has been appointed CEO and Managing Director of National Bank of Egypt (UK), based in London. National Bank of Egypt (UK) is incorporated in London as a wholly owned subsidiary of National Bank of Egypt.
Mr. Ibrahim previously spent more than 20 years with Commerzbank, most recently as the bank's Senior Representative in Egypt (and head of its Representative Office in Cairo). Before that, he had worked as Deputy Head for the GCC countries and Yemen, based in Bahrain, as well as working for Commerzbank in Frankfurt.
From May 2012 until November 2014, Mr. Ibrahim also served as the Non-Executive Chairman of the Board of Directors of Mercedes-Benz in Egypt.
He is currently the Vice Chairman of the Board of Governors of the German-Arab Chamber of Industry and Commerce; he is a Member of the Board of Trustees of the German School in Cairo; and he is a founding Member of the German Speaking Rotary Club Rhein-Nile.
NBE UK's offices are at 11 Waterloo Place, London SW1Y 4AU. The office phone number is 020 7389 1200.
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The Lebanese Cabinet has renewed Riyad Salamé's term as Governor of the Banque du Liban - the Lebanese Central Bank - for another six years, from 1 August. Salame was first appointed in 1993.
The Directors and Staff of the Arab Bankers Association send best wishes to our members and their families on the occassion of Eid el-Fitr, the festival that marks the end of the month of Ramadan.
Mohammed al-Tuwaijri, Saudi Arabia's Vice Minister of Economy and Planning, has given an interview with Bloomberg in which he provided some details on the Kingdom's plans to issue more debt, privatise state companies and balance the budget.
Mergers are rare in Gulf banking, but there are currently three significant mergers at various stages of consideration or completion. The ABA's editor takes a look, and provides some statistics.