The World Union of Arab Bankers (WUAB) is a non-profit, Non-Governmental Organization established by a group of prominent Arab bankers upon the recommendation and support of the Union of Arab Banks (UAB), following the Annual Arab Banking Summit held on April 27-28, 2006 in Casablanca-Morocco. The WUAB is registered and domiciliated in Beirut-Lebanon, and enjoys, by virtue of Presidential Decree number 18109, the privileges, immunities and exemptions extended to regional and international organizations operating under the United Nations.