logo
UAE's Largest Bank FAB Relocates to New London Address Cementing 48-Year Legacy in the UK

UAE's Largest Bank FAB Relocates to New London Address Cementing 48-Year Legacy in the UK

Al Bawaba4 days ago
First Abu Dhabi Bank (FAB), the UAE's global bank and one of the world's largest and safest financial institutions, today marked a major milestone with an official opening of its new London branch. The new relocation celebrates FAB's nearly five-decade presence in the UK and affirms the bank's commitment to London as a key global financial hub.
The new office was officially opened by Hana Al Rostamani, Group Chief Executive Officer of FAB in the presence of HE Sheikh Mohamed bin Saif Al Nahyan Vice Chairman of FAB, HE Dr. Sultan Al Jaber FAB Board member, HE Mansoor Abulhoul, the UAE Ambassador to the UK, The Rt Hon Douglas Alexander MP, UK Minister for Trade Policy and Economic Security, alongside FAB Board members, HE Sheikh Ahmed Mohammed Sultan S. Aldhaheri, HE Mohammed Thani Murshed Ghannam Alrumaithi, and other dignitaries from the UAE and the UK.
FAB first established a presence in London in 1977, through its predecessor, the National Bank of Abu Dhabi (NBAD), becoming the first Gulf-based bank to operate in the UK. What began as a branch has since evolved into a key pillar within FAB's global banking network, now spanning over 20 international markets. Today, London remains central to the bank's international strategy, serving institutional, and private clients, and enabling cross-border capital flows and innovation. The new London branch, located at 20 Berkeley Square in Mayfair, a destination long associated with heritage, and diplomacy, reflects the bank's continued emphasis on client experience and trust.
The new branch offers bespoke spaces designed to support private banking, corporate advisory, and tailored client services. It represents FAB's ambition to integrate finance, innovation, and service within a single hub. Clients benefit from solutions that connect them to FAB's global network, with particular strength across the MENA region. The private banking offering delivers comprehensive solutions for high-net-worth individuals, including wealth planning, portfolio management, and family office services, all enhanced by seamless digital experiences.
Hana Al Rostamani, Group Chief Executive Officer, First Abu Dhabi Bank said: 'In 1977, we became the first Gulf bank to open in the UK. Over the past 48 years, the ties between the UK and UAE have deepened, with bilateral trade growing significantly to £24.3 billion today. The opening of our new London office is more than a relocation; it marks a strategic hub for the future of finance, a place where global insight meets regional expertise, and where innovation fosters lasting relationships. The UK will remain a key market for FAB as we strengthen our international presence and deepen client engagement. Looking ahead, we are committed to delivering exceptional service, supporting global growth, and contributing to the success of one of the world's foremost financial centres'.
The UK and UAE share a unique, long-standing relationship built on trade, trust, and shared aspirations. The UAE remains the UK's top Middle Eastern trading partner, with over 5,000 British firms active in the Emirates and growing collaboration across finance, green energy and innovation. FAB's growing role in this bilateral relationship is reflected in recent milestones such as the bank's $1.1 billion bond and sukuk listings on the London Stock Exchange in 2023, and its expanding global revenue base, with international operations now accounting for 17% of Group income.
Coinciding with the opening, FAB has also launched a cultural activation exploring the creative and cultural ties between the UK and the UAE. The campaign featuring cinematic artist films and immersive storytelling showcases themes of identity, innovation and legacy, reinforcing the shared values between the UK and UAE and the role of art in building bridges between people and places.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ajman Bank Hosts Strategic Corporate Tax Seminar to Empower UAE Businesses
Ajman Bank Hosts Strategic Corporate Tax Seminar to Empower UAE Businesses

Al Bawaba

time12 hours ago

  • Al Bawaba

Ajman Bank Hosts Strategic Corporate Tax Seminar to Empower UAE Businesses

Ajman Bank, a leading Islamic financial institution in the UAE, hosted an insightful Corporate Tax Seminar to support Small and Medium Enterprises (SME) clients in navigating the evolving tax landscape. Held in collaboration with MICS, the event underscored Ajman Bank's ongoing commitment to empowering businesses through financial expertise, regulatory awareness, and strategic seminar brought together industry experts, senior banking professionals, and SME leaders for an engaging morning of knowledge-sharing, discussion, and networking. Designed to address the real-time concerns of businesses in light of the UAE's corporate tax regime, the event focused on actionable insights and compliance the attendees, Mr. Faizal Kundil, Head of Consumer Banking at Ajman Bank, emphasised the importance of staying informed amid shifting fiscal policies. He stated, ''In an era where regulatory frameworks are rapidly evolving, particularly with the introduction of corporate tax, it is essential for businesses, especially SMEs, to stay ahead of change. At Ajman Bank, we believe our responsibility as a financial partner extends far beyond banking transactions. We are committed to empowering our clients through strategic insights, expert guidance, and tailored support to help them navigate complexity, ensure compliance, and drive sustainable growth.'The seminar featured expert-led sessions by specialists from MICS, including:• Kinjal Sampat, FCA and Associate Director – with extensive experience from PwC India• Kushal Kumar, CA and Manager – a specialist in transfer pricing and international tax• Prateek Tosniwal – a global subject matter expert on international tax structuringThe presentations covered critical topics such as key filing timelines, tax reliefs, documentation requirements, allowable deductions, and essential financial and non-financial disclosures. The seminar also featured a live Q&A session, where attendees addressed specific concerns directly with the the session, Mr. Jyoti Ranjan, Head of Business Banking at Ajman Bank, extended his appreciation to all participants and speakers. He said, 'Ajman Bank is proud to serve as a strategic ally to our SME clients, helping them stay ahead of regulatory changes and supporting their long-term growth journey.'The seminar concluded with a networking lunch, offering attendees the chance to engage with peers and speakers in an informal setting. Ajman Bank continues to strengthen its role as a trusted advisor to the SME sector, providing not only financial solutions but also business intelligence and thought leadership as part of its holistic approach to client success.

Wamda, Inc. Arabia collaborate to strengthen startup storytelling in MENA
Wamda, Inc. Arabia collaborate to strengthen startup storytelling in MENA

Wamda

time14 hours ago

  • Wamda

Wamda, Inc. Arabia collaborate to strengthen startup storytelling in MENA

Press release: Dubai, UAE – August 4, 2025 — Wamda, the platform dedicated to supporting entrepreneurship and innovation in the Middle East and North Africa (MENA), has entered into a collaboration with Inc. Arabia, the official Middle East edition of the US-headquartered which is published by 7awi Media Group, to broaden and enrich journalistic coverage of the region's startup ecosystem. This collaboration reflects a shared commitment to inclusive storytelling and media access for founders, entrepreneurs, and ecosystem enablers across the Arab world. By combining Wamda's regional network and ecosystem insights with Inc. Arabia's editorial reach and publishing capabilities, both entities aim to highlight the people and ideas shaping the MENA's innovation economy. 'At Wamda, we believe in the power of consistent and credible storytelling to support ecosystem growth. This collaboration with Inc. Arabia is a practical step toward expanding the visibility of entrepreneurial voices and contributing to a more informed and connected regional narrative,' said Fadi Ghandour, the CEO of Wamda. The collaboration will focus on co-publishing selected stories, exploring opportunities for research-based content, and ensuring broader reach for under-represented voices in the regional ecosystem. It also opens the door for potential joint initiatives that can deepen the media's role in supporting economic and social development through entrepreneurship. 'Inc. Arabia has always championed bold ideas and brave founders. This partnership with Wamda helps us go further—unearthing and amplifying stories that matter across the startup ecosystem,' said Anas (Andy) Abbar, CEO of the UAE-headquartered 7awi Media Group. 'Together, we're building the region's most powerful media engine for innovation and entrepreneurship.' In a region experiencing rapid digital transformation and an increasingly active startup landscape, both Wamda and Inc. Arabia see value in working together to provide high-quality, accessible coverage that informs, supports, and reflects the realities of entrepreneurship in the MENA. About Wamda Wamda is a leading platform tracking and supporting entrepreneurship and innovation across the Middle East and North Africa. Through its news coverage, research, and community programmes, Wamda provides in-depth insights into the region's startup ecosystem while fostering connections between founders, investors, corporates, and policymakers. About Inc. Arabia and 7awi Media Group Launched in the MENA region in 2023, Inc. Arabia is the official Middle East edition of Inc. Business Media—an award-winning US-based multimedia brand for entrepreneurs that aims to inform, educate, and elevate the profile of risk-takers, innovators, and go-getters who are creating the future. Inc. Arabia is part of 7awi (pronounced 'Hawi') Media Group, a leading MENA-based group that has been creating engaging, meaningful content across its publishing platforms for the past 12 years.

InterContinental Hotels at Dubai Festival City Honor Emirati Women's Day with Distinctive Dining Experiences
InterContinental Hotels at Dubai Festival City Honor Emirati Women's Day with Distinctive Dining Experiences

Al Bawaba

time14 hours ago

  • Al Bawaba

InterContinental Hotels at Dubai Festival City Honor Emirati Women's Day with Distinctive Dining Experiences

In recognition of Emirati Women's Day, InterContinental Dubai Festival City proudly joins the nation in celebrating the remarkable achievements, resilience, and contributions of Emirati women to the UAE's growth and prosperity. The day is a tribute to women who continue to shape the country's future across all sectors of society. To honor this meaningful occasion, the hotel invites guests to celebrate through two distinctive culinary experiences at its signature venues, Karam Al Bahr and CHOIX, designed to bring together family, friends, and the community in moments of appreciation and reflection.'Emirati Women's Day is a proud moment for the nation and a meaningful occasion for us at InterContinental Dubai Festival City,' said Thomas Schmelter, Area General Manager for IHG Hotels at Dubai Festival City. 'We are honored to join the UAE in recognizing the exceptional achievements and contributions of Emirati women across all sectors. Through our curated experiences at Karam Al Bahr and CHOIX, we aim to create memorable moments for families and friends to come together, celebrate, and reflect on the vital role women continue to play in shaping the country's future.'Karam Al Bahr – Waterfront Promenade, InterContinental Dubai Festival CityCelebrate Emirati Women's Day with the warmth of authentic Lebanese hospitality at Karam Al Bahr, perfectly situated along the scenic waterfront of InterContinental Dubai Festival City. The restaurant offers an inviting setting for families and friends to honor the occasion together. Guests can indulge in an extensive selection of traditional Lebanese dishes, from freshly prepared mezze to the restaurant's renowned grilled seafood, each crafted with premium ingredients and time-honored recipes that reflect the richness of Lebanon's culinary Lunch: Starting from AED 65 | Monday to Friday, 12:30 pm – 4:00 pmOpening Hours: Daily, 12:00 pm – 12:00 amCHOIX – Lobby Level, InterContinental Dubai Festival CityMark the day with elegance and indulgence at CHOIX, where the Afternoon Tea experience, specially curated by three-Michelin-starred Chef Pierre Gagnaire, offers a refined Parisian escape. Guests are invited to enjoy an exquisite assortment of homemade scones, delicate pastries, and the restaurant's signature macarons, perfectly paired with premium DAMMANN Frères teas and artisanal coffee. With its serene ambience and stunning Dubai Creek views, CHOIX provides the ideal setting to celebrate Emirati Women's Day in true French Tea: AED 125 per person, including unlimited tea or coffeeTiming: Daily, 2:00 pm – 6:00 pm Guests are invited to join InterContinental Dubai Festival City in celebrating the achievements and spirit of Emirati women through these thoughtfully curated dining experiences. Whether gathering over a leisurely Lebanese lunch at Karam Al Bahr or enjoying a refined afternoon tea at CHOIX, the hotel provides the perfect backdrop to honor the occasion with family, friends, and loved ones, creating memorable moments that reflect the essence of the day.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store