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Al-Baraka Bank Group Appoints New Chairman

Al-Baraka Bank offices in Beirut, Lebanon (File photo: Reuters)
Al-Baraka Bank offices in Beirut, Lebanon (File photo: Reuters)
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Al-Baraka Bank Group Appoints New Chairman

Al-Baraka Bank offices in Beirut, Lebanon (File photo: Reuters)
Al-Baraka Bank offices in Beirut, Lebanon (File photo: Reuters)

Al-Baraka Banking Group (ABG) appointed Abdullah Saleh Kamel as the board's new chairman, succeeding late Sheikh Saleh Abdullah Kamel, the group's founder who passed away last month.

The Group is based in Bahrain and the Central Bank of Bahrain issued a statement approving the appointment.

For more than 30 years, Abdullah has been working in the financial, business, and investment sectors and has accompanied the establishment of his father’s projects, including al-Baraka Banking Group.

The Group is one of the most prominent institutions in Islamic banking, where Abdullah served as vice-chairman for years. He was also chairman of the Group’s executive committee, contributing to the development of frameworks and strategies.

Abdullah Kamel hold the executive presidency of Dallah al-Baraka Group in Saudi Arabia. He also chairs the boards of directors of a number of companies with different activities in investment, real estate, finance, and media, including: Aseer Company, Amlak Real Estate Development and Finance, Okaz Press and Publishing Corporation, and the vice-chairman of King Abdullah Economic City Emaar.

Abdullah thanked the board for appointing him to the position, affirming that he would continue in his father's approach, adhering to the principles of modern Islamic banking.

CEO of al-Baraka Adnan Ahmed Youssef said that Abdullah is one of the founders of the group and has the full confidence of its board, adding that the approval of the board of directors for his appointment is a guarantee that the group will continue the same approach of its founder.

Al-Baraka Banking Group (ABG) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain and is listed on Bahrain Bourse and NasdaqDubai. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion.

With a capital of $2.5 billion, ABG offers retail, corporate, treasury, and investment banking services in its subsidiary banking units and representative offices in 17 countries.

Al-Baraka Banking Group has operations in 700 branches in: Jordan, Egypt, Tunis, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon, Saudi Arabia, Syria, Morocco and Germany, in addition two branches in Iraq and two representative offices in Indonesia and Libya.

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United States Imports Eggs from Korea, Türkiye to Help Ease Prices

Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
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United States Imports Eggs from Korea, Türkiye to Help Ease Prices

Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)

The United States is importing Turkish and South Korean eggs to ease an avian flu-fueled supply crunch that has pushed up prices across the country, Donald Trump’s agriculture secretary confirmed Friday.

Brooke Rollins told reporters in Washington that imports from Türkiye and South Korea had already begun and that the White House was also in talks with other countries about temporarily importing their eggs.

“We are talking in the hundreds of millions of eggs for the short term,” she added.

The cost of eggs has skyrocketed due to multiple bird flu outbreaks in the United States, forcing farmers to cull at least 30 million birds and sharply constraining supply.

On the political battlefield, egg prices became an unlikely rallying point for Trump on the campaign trail as he sought to capitalize on voters’ frustrations with the rising cost of essential items during his predecessor Joe Biden’s presidency.

After returning to office in January, Trump tasked Rollins with the job of boosting the supply of eggs, and bringing down prices.

In the weeks since, producers in several countries have reported American interest in their produce, with the Polish and Lithuanian poultry associations telling AFP that they had been approached by US diplomatic staff on the hunt for fresh eggs.

“There is a shortage of eggs in many countries,” Katarzyna Gawronska, director of the Poland’s National Chamber of Poultry and Feed Producers, said recently. “The key question would be what financial conditions would be offered by the Americans.”

Speaking to reporters on Friday, Rollins said that imports of eggs would be time-limited, and would stop once US poultry farmers were able to ramp up supply.

“When our chicken populations are repopulated and we’ve got a full egg laying industry going again, hopefully in a couple of months, we then shift back to our internal egg layers and moving those eggs out onto the shelf,” she said.