Arab-African International Bank

(redirected from AAIB)
Also found in: Acronyms, Wikipedia.

Arab-African International Bank

A bank in Egypt. It promotes the increased use of retail banking among the Egyptian population and provides brokerage and investment services. It was established 1964 as a joint venture between the Central Bank of Egypt and the Kuwait Investment Authority.
Mentioned in ?
References in periodicals archive ?
Abdalla stressed that the AAIB is continuing to pursue a sustainable financing policy and implementing its main principles in its banking transactions.
The new SME funding facility extended to the Arab African International Bank by the EBRD will create powerful synergies and will enable AAIB to support SMEs with the same customised solutions that have distinguished our support for corporate clients over half a century.
AAIB was incorporated as an Egyptian joint-stock company in 1964 under a special law in order to carry out a comprehensive range of commercial banking activities.
Louise O'Prey, whose brother Mark was killed in the tragedy, said yesterday that her family had still heard nothing from the AAIB.
Given that the accident has taking palce on the British terrority and in accordance with the regulations of the office, the Director General of the Saudi Office of Aviation Investigation has appointed Captin Ibrahim bin Salman Al-Kishi as an accredited representative for the office, to work with the British investigation team affiliated to the AAIB, to provide it with necessary backup and information for the invesitgation procedures, to identify the reasons that led to the accident.
43pm yesterday is being asked to contact the AAIB on 01252 510300.
The AAIB report said that the main and tail rotor blades were not spinning at the moment of impact.
We are working with the AAIB to establish what caused the plane to crash.
Key findings of the AAIB report The initial AAIB report, stated that the fire damage coincided with the location of the emergency locator transmitter (ELT), and although the AAIB did not state that the ELT was the source of the fire, the aircraft was unpowered at the time of the fire, and no other aircraft systems in the area contained an energy source capable of starting a fire.
22 July 2013 -- Jordan-based AAIB Insurance said it has become the first insurance broker to receive a licence to trade in Somalia.
An AAIB spokesman said: "Inspectors are investigating.
While the report said "no conclusive causal factors for the accident could be established", the AAIB added that a technical fault with the helicopter "cannot be completely ruled out".