H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, welcomed today the Lord Mayor of the City of London, H.E. Alderman Peter Estlin, and other high-level City of London delegates, for a meeting to discuss key challenges and issues across the financial services and banking sector, and how such can be addressed through UK-UAE collaboration.
H.E. AbdulAziz Al Ghurair said: “We are delighted to host H.E. the Lord Mayor of the City of London, Alderman Peter Estlin, and the high-level delegation, and begin the year strengthening bilateral ties between the UK and the UAE. Given its position as a global financial center, the UK is a natural partner to exchange knowledge and expertise and explore collaborations on new challenges. By working closely with global banking industry leaders, UBF is uniquely positioned to facilitate the growth of UAE’s burgeoning banking sector, and provide a platform for all stakeholders to stay up-to-date with latest developments.”
Recent developments on continued Brexit negotiations were also discussed in the meeting, and the potential impact they may have on UK’s investment landscape. In addition, UAE’s Islamic finance sector was a key area of focus, and how the UK can support its growth by drawing on its expertise as a leading Islamic banking hub outside the Middle East and Asia.
The meeting was attended by other City of London delegates, including Simon Penney, HM Trade Commissioner, Middle East; Andrew Jackson, HM Consul-General, Dubai; Waqas Samal, CEO, Benchmarks, FTSE Russell, LSEG; William Elliott, Economic Development Office; Mehdi Taher, Deputy Consul General, Dubai; and Jeremy Browne, International Business Ambassador, Aberdeen Standard Investments. Jamal Saleh, UBF Director General, was also in attendance.
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About UAE Banks Federation:
Established in 1982, the UAE Banks Federation is a professional representative body comprising 52-member banks operating in the UAE. The Federation advocates all banks' interests, and enhances cooperation and coordination among them, in order to promote and upgrade the UAE's banking industry for the benefit of the banking sector, its customers, and the national economy.
The UAE Banks Federation's mission and objectives are focused on representing its member banks and defending their interests and rights. The federation provides a platform for cooperation and exchange of ideas and opinions among member banks and plays a major role in raising public awareness around the beneficial role and distinctive financial, economic and social contribution of the banks to the UAE.
The Federation has an Advisory Council consisting of 28 Bank CEOs which oversees the implementation of the policies, follows up on UBF's activities and makes necessary decisions, and 20 specialized technical committees who discuss all relevant banking issues.
Media contact:
UAE Banks Federation
Emad Al Ghadban
Head - Public Relations & Communications
Phone: +971 2446 7706
E-mail: emad@uaebf.ae
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