There have been several recent new appointments at the top of Arab banks in London: Jordan Islamic Bank, National Bank of Abu Dhabi and Ahli United Bank have new CEOs in London.
The Cultural Scene: Summer in London
The summer months offer a wide range of Middle East cultural events in London. The Shabbak film festival and Palestine Expo top the list.
Pamela Ann Smith presents the second edition of our new 'Cultural Scene' feature on our Events Page.
Pam is a writer and journalist, based in London. A former editor of Arab Banker magazine, her articles on the Arab world, Turkey, Iran and Central Asia have appeared in the New York Times, the Financial Times, CNBC Business, The Middle East and other international and regional publications.
We would welcome your feedback to the new feature. If you have a cultural event that you would like us to mention on our events page, please contact the website editor, Andrew Cunningham, at email@example.com.
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Our round-up of Middle East financial news includes notes on the Saudi-isation of insurance selling in the Kingdom, Algeria's financial difficulties, Morocco's plans to float its local currency, Egyptian inflation, and the DIFC's efforts to attract Trust and Foundation business.
Our Annual General Meeting was held on 31 October. Members approved the accounts and received an update on recent activities.
Credit Agricole has announced that it will sell half of its stake in Saudi Fransi Bank to Prince Walid al-Talal. The Arab Banker's editor reviews the level of foreign bank ownership in the Saudi banking system.
The Arab Bankers Association sends best wishes to its members and their families on the occassion of Eid al-Adha, the holiday that marks the end of the annual pilgrimage to Mecca.