The Banker magazine's annual listing of the world's biggest banks, ranked by Tier 1 capital, shows that seven Arab banks had Tier 1 capital in excess of $10mn at theend of 2016, and a further eight had capital of $5 bn - $10 bn.
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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Gatehouse Bank, the London-based Shari'ah-compliant bank that focusses on real estate financing, has made some new senior appointments, including a new CEO.
Two ABA members have prepared legal briefings on how businesses could respond to the sanctions imposed on Qatar by some Arab countries. Vivien Davies, a partner at Fieldfisher, prepared one; and Dr. Nicolas Bremer, a partner with Alexander & Partner Rechtsanwalte, prepared the other.
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.