It is with great pleasure that I announce the establishment of the World Union of Arab Bankers (WUAB), by a group of prominent Arab bankers and finance professionals, 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.
We firmly believe that gathering an elite group of Arab bankers, who are the main drive of the banking and financial industries in their countries and regions, will undeniably synergize their competencies. Such synergy of talents will also create osmosis between Arab bankers and finance professionals and will strengthen business relations among them, and ultimately energize their role in the "Global Village" we live in today.
Based on this belief, the Founding Members took the initiative of establishing this large-scale World Union, which serves as a platform for creating, developing and fostering solid contacts among Arab bankers, to serve their common interests and further reinforce the Arab banking and financial industries. The establishment of the WUAB is also aimed at weaving a network of connections among Arab bankers and finance professionals along with their foreign counterparties, to give a strategic depth to the Arab banking industry by strengthening relations with the international markets, and enhancing the position of the Arab banking and financial industries worldwide.
Furthermore, the WUAB has set the objective of mapping prominent Arab and those of Arab origin bankers and finance professionals, and creating a documentation center to gather information pertaining thereto, in view of establishing and enhancing communication channels among themselves. The WUAB also strives to promote the high skills and professionalism of Arab bankers and shall yearly honor those who have distinguished themselves with exceptional performance. Corporate governance standards and anti-money laundering are but some of the numerous strategic issues the WUAB addresses on the Arab and international levels, thus contributing to further cooperation and exchange of ideas on key banking issues. Additionally, the WUAB shall dedicate itself to promote investment in the Arab region and reinforce cooperation with alike regional and international organizations.
Assuring you of our firm commitment to attaining every goal we set, I greatly encourage you to join our efforts in making the Arab banking and financial industries, a worldwide reference.
Dr. Joseph Torbey Chairman
World Union of Arab Bankers
P.O. Box: 11-2419, Beirut - Lebanon
Tel: 00961 (1) 364978 - 00961 (1) 364976
Fax: 00961 (1) 364983 wuab@wuab.org
It is with great pleasure that I announce the establishment of the World Union of Arab Bankers (WUAB), by a group of prominent Arab bankers and finance professionals, 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.
