DOCSLIB.ORG

Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH/FRENCH ARABIC/ENGLISH FRENCH AND SPANISH ONLY UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT ARAB MULTINATIONAL ENTERPRISES AN ANALYTICAL COMPENDIUM Prepared by the UNCTAD secretariat This compendium was prepared under the work programme approved by the Committee on Economic Cooperation among Developing Countries at its third, fourth and fifth sessions (resolution 2 (III), para. 2 (b) (ii), resolution 3 (IV), para. 2 (a) (iv), and resolution 4 (V), para. 4 (b) (i). The designations used and the presentation of material do not imply the expression of any opinion whatsoever by the United Nations Secretariat concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. GE.93-51209 (E) -2- CONTENTS Paragraphs ABBREVIATIONS INTRODUCTION ............................ 1-21 ARAB MULTINATIONAL ENTERPRISES ................... 22-469 I. Gulf Air Company ...................... 22-45 II. Arab Potash Company (APC) .................. 46-55 III. Banque de développement économique de Tunisie (BDET) ...................... 56-67 IV. Arab Shipbuilding and Repair Yard Company (ASRY) ....................... 68-79 V. Jordan Paper and Cardboard Factories Company Limited ....................... 80-89 VI. Compagnie algéro-libyenne de transport maritime (CALTRAM) ..................... 90-99 VII. Arab Union Reinsurance Company (AUR) ............100-109 VIII. Arab Investment Company ...................110-121 IX. Arab Petroleum Investments Corporation (APICORP) ..........................122-139 X. Société arabe des industries métallurgiques (SAMIA) ...........................140-148 XI. Banque mauritanienne pour le commerce international (BMCI) ....................149-158 XII. Arab Mining Company (ARMICO) ................159-168 XIII. Kenana Sugar Company Limited (KSC) .............169-182 XIV. Jordan Fertilizer Industry Company Limited .........183-195 XV. Arab Company for Livestock Development (ACOLID) ..........................196-210 XVI. Gulf International Bank (GIB) ................211-224 XVII. Arab Petroleum Services Company (APSC) .......... 225-244 -3- CONTENTS (continued) Paragraphs XVIII. Syrian Jordanian Company for Industry ........... 245-260 XIX. Arab Company for Drug Industries and Medical Appliances (ACDIMA) .................... 261-279 XX. Jordan-Gulf Bank S.A. ................... 280-290 XXI. Société nationale industrielle et minière (SNIM) ...................... 291-309 XXII. Arab Jordan Investment Bank (AJIB) ............ 310-319 XXIII. Syrian Libyan Company for Industrial and Agricultural Investments (SYLICO) ............. 320-335 XXIV. Arab Drilling and Workover Company (ADWOC) ........ 336-355 XXV. Arab Banking Corporation (ABC) .............. 356-365 XXVI. Saudi-Bahraini Cement Company (SBC) ............ 366-377 XXVII. Kuwait Asia Bank ..................... 378-389 XXVIII. Gulf Aluminium Rolling Mill Company (GARMCO) ....... 390-398 XXIX. Société tuniso-séoudienne d’investissement et de développement (STUSID) ................. 399-412 XXX. Banque tuniso-qatarie d’investissement .......... 413-423 XXXI. Société tuniso-algérienne de ciment blanc (SOTACIB) ......................... 424-433 XXXII. Banque Al-Baraka mauritanienne islamique (BANIS) .......................... 434-444 XXXIII. Arab Company for Veterinary Drug Industries and their Appliances (ARAVET) ............... 445-457 XXXIV. Banque Al-Baraka Djibouti ................. 458-469 Annex List of other multinational enterprises jointly established by Arab countries. -4- ABBREVIATIONS ABC Arab Banking Corporation ACDIMA Arab Company for Drug Industries and Medical Appliances ACOLID Arab Company for Livestock Development ACP African Caribbean and Pacific ADWOC Arab Drilling and Workover Company AGESCO Arab Geophysical Exploration Services Company AJIB Arab Jordan Investment Bank APC Arab Potash Company APICORP Arab Petroleum Investments Corporation APSC Arab Petroleum Services Company ARADET Arab Company for Detergent Chemicals ARAVET Arab Company for Veterinary Drug Industries and their Appliances ARESCON Arab Engineered Systems and Controls Company ARMICO Arab Mining Company ASEAN Association of South-East Asian Nations ASRY Arab Shipbuilding and Repair Yard Company AUR Arab Union Reinsurance Company BAAM Banque arabe africaine mauritanienne BAII Banque Arabe et Internationale d’Investissement BANAGAS Bahrain National Gas Company BANIS Banque Al-Baraka mauritanienne islamique BCMA Banque de Coopération du Maghreb Arabe BDET Banque de développement économique de Tunisie BMCI Banque mauritanienne pour le commerce international BOAC British Overseas Airways Corporation -5- BTKD Banque Tuniso-Koweitienne de Développement CALTRAM Compagnie algero-libyenne de transport maritime CARICOM Caribbean Community CCCE Caisse centrale de coopération économique CIAMIT Ciment Amiante Tunisie DAP Diamonium phosphate DEG German Development Corporation ECOWAS Economic Community of West African States EEC European Economic Community ENRDMC Entreprise Nationale de Recherche et de Développement des Matériaux de Construction FDA Food and Drug Administration FLUOBAR Société minière de spath fluor et de barytine CARMCO Gulf Aluminium Rolling Mill Company GCC Gulf Cooperation Council GIB Gulf International Bank ICF Industries chimiques du fluor IsDB Islamic Development Bank JPM Jordan Phosphate Mining Company KSC Kenana Sugar Company KPICO Kuwait Pharmaceutical Industries Company METRA Arab Minerals and Metals Trading Company OAPEC Organization of Arab Petroleum Exporting Countries OBU Offshore Banking Unit Licence ORCD Organization for Regional Cooperation for Development PTA Preferential trade area of East and Southern Africa SABIC Saudi Arabia Basic Industries Corporation -6- SAFA Société arabe de fer et de l’acier SAMIA Société arabe des industries métallurgiques SAMIN Société arabe des mines de l’Inchiri SBC Saudi-Bahraini Cement Company SCG Société de ciment de Gabes SNIM Société nationale industrielle et minière SOFOMECA Société de fonderies et de mécaniques SOMIL Société minière de Sidi Lahcen SOTACIB Société tuniso-algérienne de ciment blanc SPIMACO Saudi Pharmaceutical Industries Company STUSID Société tuniso-séoudienne d’investissement et de développement SYLICO Syrian Libyan Company for Industrial and Agricultural Investments UAE United Arab Emirates UDEAC Customs and Economic Union of Central Africa ULCC Ultra large crude carriers UNCTAD United Nations Conference on Trade and Development UNDP United Nations Development Programme UNIDO United Nations Industrial Development Organization VLCC Very large crude carriers YEMROC National Company for Industrial and Construction Materials -7- INTRODUCTION 1. Multinational enterprises established by developing countries fulfil an important function as agents or instruments of economic cooperation among developing countries. This function was underlined by the Group of 77 Conference on Economic Cooperation among Developing Countries held at Mexico City in September 1976. 1/ 2. The establishment of multinational enterprises by developing countries has received increasing emphasis in recent years. The many reasons prompting the organization of such enterprises include: "the need for the implementation of large-scale projects of greater amounts of capital than are available to any single country; the inadequacy of a single country’s market for the production of certain goods and services which require economies of scale; easier access to capital markets and international financial institutions; the need to avoid the duplication, by several countries, of investment at the domestic level; enhanced negotiating capacity in certain sectors; development or import of advanced and costly technology; appropriate use of water resources belonging to more than one State; infrastructure projects of common interest; economic integration of a region or subregion and integration in frontier areas; equitable distribution of the costs and benefits of economic integration; and increased ability to compete with the transnational corporations". 2/ 3. The UNCTAD definition of multinational enterprise has been adopted for the purposes of this study. 3/ The multinational character of an enterprise is accordingly defined by three indicators, multinational capital, multinational decision-making, and multinational economic cooperation objectives. 4. With the growing interest of developing countries in their potentialities, numerous enterprises of this kind have come into being. As other reports 4/ have shown, and as can be seen from this report, some of the enterprises established have worked well while others have been handicapped by difficulties of various kinds and of varying degrees of gravity that have circumscribed their activities and in some cases resulted in their liquidation. 5. At the subregional level, some economic cooperation and integration associations of developing countries have agreed on common rules for enterprises of this type. 5/ Such rules have been established for example by the Andean Group, the Caribbean Community (CARICOM), the Central African Customs and Economic Union (UDEAC) and the Central American Common Market. Other groups of countries have adopted regimes for the establishment or encouragement of multinational enterprises. These include the regimes for industry agreed by the River Mano Union, the charter for multinational industrial undertakings of the preferential trade area (PTA)
Load more

Recommended publications
  • Curriculum Vitae
    Curriculum Vitae Name : Captain: Issa Awad Mahmoud Hasan Nationality : Jordanian Place / Date of Birth : Bait Liqya - 7/3/1957 Graduation: First Graduate as Navigation Officer 1982 - A.M.T.A - Egypt Intermediate Graduate as First Navigation Officer- 1985 - A.M.T.A - Egypt Master Mariner II/2, F.G (JULY/1988), A.M.T.A - Egypt. MBA /2010-2012, Middle East University - (MEU) - Jordan Employment History Present: Aqaba Maritime Education and Training center/ Al Balqa Applied University (BAU) Lecturer / DGM of the Maritime Training Center – AMETC since Dec 2015 – To Present. Previous Employment: ABM, Arab Bridge Maritime Jan 2016- June 2017 / Maritime and shipping consultant and DGM for technical and trading. TEHAMA SHIPPING SERVICES LLC. – DUBAI - UAE. GENERAL MANAGER. Aug- 2013 till Dec.2015. Founder of Tehama Shipping Services Co. /Dubai as Operator of Container Feeder line for the international Container Lines COSCO, APL and other NOVCC lines Between Jebel Ali / UAE and Umm Qasr / Iraq, Ship Port Agent and custom clearance and As Line Agent for COSCON Container Line at Umm Qasr- Iraq. Other main activities: chartering, ship owner, cargo transport, freight forwarding and logistics worldwide, ship port agency. 2000 – 2013 with AA GROUP / JORDAN , Responsibilities and Activities : - Operation & Chartering. - Daily follow up with Own & Charter Vessels. - Voyage Instructions. - Cargo Stowage Plan. - Voyage Summary Report. - On/Off hire Bunker Survey / Cargo hold survey. - Follow up load/discharge operations in different ports World Wide. - Analyzing & Evaluating market situation & Negotiating fixture. - Scrutinizing and finalizing Charter Parties & Booking Notes. - Voyage Estimation, Drawing Laytime Calculations. - Verifying Demurrage/Despatch Claims, Settling Voyage Account. - Issuing Bill of Lading, Coordinating with Principals & concern parties, understanding logistical requirement for Project Cargo’s & Heavy lift’s thereafter Planning, Scheduling, Execution & Monitoring Project related local restrictions, rule & requirements.
    [Show full text]
  • Final Report
    No. TRANSPORT PLANNING AUTHORITY MINISTRY OF TRANSPORT THE ARAB REPUBLIC OF EGYPT MiNTS – MISR NATIONAL TRANSPORT STUDY THE COMPREHENSIVE STUDY ON THE MASTER PLAN FOR NATIONWIDE TRANSPORT SYSTEM IN THE ARAB REPUBLIC OF EGYPT FINAL REPORT TECHNICAL REPORT 4 MARITIME SECTOR March 2012 JAPAN INTERNATIONAL COOPERATION AGENCY ORIENTAL CONSULTANTS CO., LTD. ALMEC CORPORATION EID KATAHIRA & ENGINEERS INTERNATIONAL JR - 12 039 No. TRANSPORT PLANNING AUTHORITY MINISTRY OF TRANSPORT THE ARAB REPUBLIC OF EGYPT MiNTS – MISR NATIONAL TRANSPORT STUDY THE COMPREHENSIVE STUDY ON THE MASTER PLAN FOR NATIONWIDE TRANSPORT SYSTEM IN THE ARAB REPUBLIC OF EGYPT FINAL REPORT TECHNICAL REPORT 4 MARITIME SECTOR March 2012 JAPAN INTERNATIONAL COOPERATION AGENCY ORIENTAL CONSULTANTS CO., LTD. ALMEC CORPORATION EID KATAHIRA & ENGINEERS INTERNATIONAL JR - 12 039 USD1.00 = EGP5.96 USD1.00 = JPY77.91 (Exchange rate of January 2012) MiNTS: Misr National Transport Study Technical Report 4 TABLE OF CONTENTS Item Page CHAPTER 1: INTRODUCTION.........................................................................................................................1-1 1.1. BACKGROUND...................................................................................................................................1-1 1.2. THE MiNTS FRAMEWORK.................................................................................................................1-1 1.2.1. Study Scope and Objectives.......................................................................................................1-1
    [Show full text]
  • Listed Companies BOD Meetings to Approve the Financial Results for the Period Ended 31/12/2017
    Listed Companies BOD Meetings to approve the Financial Results for the Period ended 31/12/2017 BOD No. Company’s Name Symbol Remarks Date BOD Time Commercial Banks Sector Tuesday 1 Ahli United Bank B.S.C. AUB 01:00 p.m. 20/02/2018 Tuesday 2 Al Salam Bank – Bahrain B.S.C. SALAM 01:00 p.m. 13/02/2018 Monday 3 Bahrain Islamic Bank B.S.C. BISB 10:00 a.m. 12/02/2018 Monday 4 BBK B.S.C. BBK 11:00 a.m. 19/02/2018 Wednesday 5 Khaleeji Commercial Bank B.S.C KHCB 12:30 p.m. 07/02/2018 Monday 10:00 a.m. 6 National Bank of Bahrain B.S.C. NBB 29/01/2018 Thursday 7 Ithmaar Holding B.S.C ITHMR 01:00 p.m. 22/02/2018 Investment Sector Tuesday 8 Al Baraka Banking Group B.S.C. BARKA 11:00 a.m. 20/02/2018 Wednesday 9 INOVEST B.S.C INOVEST # 01:00 p.m. 28/02/2018 Sunday 10 Arab Banking Corporation B.S.C. ABC 01:00 p.m. 11/2/2018 Bahrain Commercial Facilities Company Tuesday 11 BCFC 04:00 p.m. B.S.C. 27/02/2018 Wednesday 12 Bahrain Middle East Bank B.S.C. BMB 01:00 p.m. 31/01/2018 Tuesday 13 Esterad Investment Company B.S.C. ESTERAD 01:00 p.m. 23/01/2018 Tuesday 14 GFH Financial Group B.S.C. GFH 01:00 p.m. 13/02/2018 Wednesday Through 15 Investcorp Bank B.S.C.
    [Show full text]
  • Bahrain Bourse Daily Bulletin Monday, August 18, 2014
    KAMCO Research Bahrain Bourse Daily Bulletin Monday, August 18, 2014 Bahrain All Share Index Return v.s. Volume (Jan-13 - Current) Sectors' Return & Valuation Multiples 1,550 550 Market Cap. MTD P/E P/B Yield 1,500 500 (BHD Mln) % Chg (X) (X) (%) 1,450 450 1,400 400 Bahrain Bourse 8,352 0.01% 14.08 1.09 3.42% 1,350 350 Commercial Banks 3,803 (0.10%) 14.98 1.63 3.76% 1,300 300 Investment 2,342 (0.47%) 14.48 0.75 0.87% 1,250 250 Insurance 179 3.82% 10.23 0.91 2.34% 1,200 200 Service 1,111 2.11% 12.84 1.23 5.17% Hotel & Tourism 204 0.00% 12.84 1.02 4.22% 1,150 150 (Mln.Shares) Traded Vol. Bahrain All Bahrain All Share Index Industrial 713 (1.93%) 12.36 0.80 7.33% 1,100 100 Sectors' MTD Return is based on the Change in market cap. and it might not conform with the benchmark return for each sector 1,050 50 1,000 0 Market Breadth 1237 4.1.13 8.8.13 4.9.13 8.4.14 5.5.14 1.6.14 31.1.13 27.2.13 26.3.13 22.4.13 19.5.13 15.6.13 12.7.13 1.10.13 17.1.14 13.2.14 12.3.14 28.6.14 25.7.14 21.8.14 28.10.13 24.11.13 21.12.13 Top 10 Stocks by Market Capitalization Market Return,Volatility & Trading Indicators Market Cap.
    [Show full text]
  • Arab Banking Corporation Group
    Annual Report 2006 Arab Banking Corporation Group Registered Address Arab Banking Corporation Group ABC Tower, Diplomatic Area PO Box 5698, Manama Kingdom of Bahrain (Commercial Registration Number 10299) www.arabbanking.com 1 Annual Report 2006 Contents ABC’s vision is to be the premier and most innovative international Arab financial group. ABC’s mission is to consistently generate increasing value for 2 The Board of Directors 4 Directors’ Report its shareholders, specialise in Arab-related activities across the world, 6 Global Network invest in international financial institutions that diversify revenues, 7 Financial Highlights offer innovative and high quality services to its customers and attract 8 Financial Strength and retain high quality employees by providing rewarding careers. 10 The President & Chief Executive’s Review of Operations 21 Corporate Governance 24 Group Financial Review 27 Auditors’ Report 28 Consolidated Balance Sheet 29 Consolidated Statement of Income 30 Consolidated Statement of Cash Flows 31 Consolidated Statement of Changes in Equity 32 Notes to the Consolidated Financial Statements 47 Head Office Directory 49 International Directory Annual Report 2005 Arab Banking Group ABC Group Annual Report 2006 2 3 The Board of Directors Dr. Anwar Ali Al-Mudhaf AC RC Dr. Saleh Lamin El-Arbah ** AC Mr. Eissa Mohammed Al Suwaidi EC AC* Director • Kuwaiti Director • Libyan Director • U.A.E. citizen M.B.A. and Ph.D. in Finance, Peter F. Drucker Graduate B.A. in Economics, University of Benghazi, Libya; M.B.A. B.Sc. in Economics, Northeastern University of Boston, School of Management, Claremont Graduate University, University of Hartford, U.S.A.; Ph.D.
    [Show full text]
  • Bank ABC Investors Highlight Presentation
    Q4 / FY 2020 Results Presentation Key Messages ▪ 2020 has been a year like no other, impacted by unprecedented and deeply challenging conditions represented by the Covid-19 pandemic, collapse in oil prices and interest rates, and the emergence of some major fraud in the MENA region ▪ Bank ABC has not been immune and has faced considerable operational and financial pressures. Nonetheless, a proactive response to the Covid-19 pandemic ensured the Group maintained its operational and financial resilience throughout 2020 ▪ The Bank strategy remained consistent and Bank ABC continued to invest in its strategic journey, delivering significant milestones such as its digital transformation winning multiple awards for its ‘mobile-only’ bank ila, being recognized as the Bank of the Year in Bahrain, and announcing a landmark acquisition of Blom Bank Egypt ▪ Despite such unprecedented market conditions, the Bank delivered robust underlying revenues, a strong balance sheet and a net operating profit of $282m before provisions ▪ Operating business performance continued to show robust traction with underlying TOI of $793m (91% of FY 2019) ▪ The Bank achieved prudent cost management, with a 7% drop in headline costs to $486m, while prioritizing continuing investments in the Group’s digital transformation and strategic initiatives ▪ The Bank shows a strong balance sheet with a 16.6% Tier 1 ratio (16.2% CET1), LCR of 324% and NSFR of 122% ▪ FY 2020 ECL charge of $329m driven higher by unforeseen client frauds of $183m, combined with Covid-19 conditions and forward-looking nature of IFRS 9. This led to a net loss of $89m for the year.
    [Show full text]
  • Value Creation and Market Valuation: Measuring Performance in the Banking Sector of the Gulf Region
    December 2017 HCM Viewpoint Value Creation and Market Valuation: Measuring Performance in the Banking Sector of the Gulf Region hcm.com Introductory Note Banks in the Gulf region have been gaining in importance Regardless of your industry, please contact us if you can in recent years, both locally and in foreign markets. Yet, in benefit from an approach that connects these topics to the current context of continuing pressure on oil prices sound business strategy and financial stewardship. and questions on regional stability, it is valid to ask how well Gulf banks are doing in terms of value creation, both on an Value Creation: External and Internal Metrics absolute and relative basis. It is equally valid to ask whether the share price movements of these banks in recent years As depicted in Figure 1, the market capitalization of the 46 accurately reflect the internal value creation taking place Gulf banks1 covered by this study lies between USD 379 and at these institutions. USD 37’570 million as of 31 December 2016. The banking sector represents a significant part of the stock market This HCM viewpoint provides a comparative overview of in the Gulf region – ranging from 26 (Saudi Arabia) to 69 46 banks in the Gulf region. It finds that value creation in percent (Bahrain) of public stock market capitalization. the Gulf banking sector has generally increased in recent years, though not at all banks. Further, it finds a plausible In general, company performance can be measured using correlation between internal value creation and changes external and internal indicators of value creation, which in share price for most banks.
    [Show full text]
  • Dividend Announcement: Is It a Good News to the Bahrain Bourse?
    International Journal of Economics and Finance; Vol. 6, No. 12; 2014 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Dividend Announcement: Is It a Good News to the Bahrain Bourse? Batool K. Asiri1 1 College of Business Administration, University of Bahrain, Bahrain Correspondence: Batool K. Asiri, College of Business Administration, University of Bahrain, Bahrain. E-mail: [email protected] Received: September 15, 2014 Accepted: September 29, 2014 Online Published: November 25, 2014 doi:10.5539/ijef.v6n12p228 URL: http://dx.doi.org/10.5539/ijef.v6n12p228 Abstract This paper presents a study of 157 dividend announcements made by 40 companies listed in the Bahrain Bourse and an examination of the relationship between dividend announcements and the stock market. The study lasted from 2004 to 2013, and the results indicate that investors have gained cumulative abnormal returns that average at 2.29 percent within the 30-day periods before and after the dividend announcement. Moreover, the findings have revealed that investors gained approximately 0.45 percent of the market value on all stocks that had increasing dividends; therefore, it can be reasonably concluded that, when announced to the public, dividend increases promote a positive message about a company’s future growth and the promise of sustained cash flow. Alternatively, it could be seen as the Bahrain Bourse is inefficient in a semi-strong form. The study further highlights that abnormal returns gained by investors tend to vary across sectors. In general, the findings of this study fail to provide significant evidence in support of the dividends irrelevancy theory; on the contrary, they indicate that dividend payments act as positive signals that assure investors of steady cash flow and substantial future earnings.
    [Show full text]
  • Annual Report 2019
    NUMBERSTALK 9Annual Report 2019 BAHRAIN KUWAIT UAE UK EGYPT IRAQ OMAN 9LIBYA Constantly striving to provide greater levels of shareholder and customer satisfaction by delivering ever higher 9standards of performance % increase in Total Assets to US$ 40.3 billion 13.4 compared to 2018 % increase in Net Profit to US$ 730.5 million 4.7 compared to 2018 % increase in Shareholders’ Equity to US$ 4.3 billion 9.1 compared to 2018 Ahli United Bank Annual Report 2019 02 CONTENT 04 06 GROUP MISSION STATEMENT AUB OPERATING DIVISIONS 08 16 18 FINANCIAL HIGHLIGHTS BOARD OF DIRECTORS’ REPORT BOARD OF DIRECTORS 22 24 27 CHAIRMAN’S STATEMENT GROUP CHIEF EXECUTIVE OFFICER & CORPORATE GOVERNANCE MANAGING DIRECTOR’S STATEMENT 48 55 56 GROUP BUSINESS AND RISK REVIEW GROUP MANAGEMENT GROUP MANAGEMENT ORGANIZATION STRUCTURE 59 61 131 CONTACT DETAILS CONSOLIDATED FINANCIAL PILLAR III DISCLOSURES - BASEL III STATEMENTS Ahli United Bank Annual Report 2019 03 Group Mission Statement To create an unrivalled ability to meet customer needs, provide fulfilment and development for our staff and deliver outstanding shareholder value. Ahli United Bank Annual Report 2019 04 OBJECTIVES AUB VISION & STRATEGY • to maximise shareholder value on a sustainable basis. • Develop an integrated pan regional financial services • to maintain the highest international standards of corporate group model centered on commercial and retail banking, governance and regulatory compliance. private banking, asset management and life insurance with an enhanced Shari’a compliant business contribution. • to maintain solid capital adequacy and liquidity ratios. • Acquire banks and related regulated financial institutions in • to entrench a disciplined risk and cost management the Gulf countries (core markets) with minimum targeted culture.
    [Show full text]
  • ABC Group KEY PERSONS DEALING STANDARD
    ABC Group KEY PERSONS DEALING STANDARD Document Governance Title: ABC Group Key Person Dealing Standard Classification: Internal use only Status: Approved Document Owner: Group Head of Compliance Document Approver(s): Group Compliance Oversight Committee Document Application: Arab Banking Corporation (B.S.C.) Version: 3.0 Last Review Date: Oct 2020 Next Review Date: Oct 2022 Internal use only Contents 1. OVERVIEW ............................................................................................ 4 2. DEFINITIONS ......................................................................................... 4 3. RESTRICTIONS ON TRADING: EXCEPTIONS ............................................ 5 3.1 Notifications ............................................................................................................................... 5 3.2 Restrictions ................................................................................................................................. 5 3.3 Exceptions .................................................................................................................................. 6 4. ITC OFFICER .......................................................................................... 6 4.1 Identification .............................................................................................................................. 6 4.2 Duties ......................................................................................................................................... 6 5.
    [Show full text]
  • The Effect of Flash Flood on the Efficiency of Roads Networks in South Sinai, Egypt. Case Study (Nuweiba-Dahab Road)
    International Journal of Scientific & Engineering Research, Volume 6, Issue 9, September-2015 544 ISSN 2229-5518 The Effect of Flash Flood on the Efficiency of Roads Networks in South Sinai, Egypt. Case Study (Nuweiba-Dahab Road) Mariam El-sherpiny [1], Mahmoud El-Mewafy [2], Ibrahim Hegazy [3] (1) Abstract— Sinai Peninsula is located at a unique position, both geographically and politically . In the mountainous area of Sinai Peninsula in Egypt, the improvement of infrastructure networks require reliable and accurate information about natural hazards particularly flash flood. Flash flooding is the most dangerous hazard to focus on because it prone the life of people who lives in the rough topography areas. This paper presents the assessment of flash flood hazards in the Southern Sinai governorate especially the road between Nuweiba and Dahab. GIS was used to delineate the morphometric parameters extracted from Digital Elevation Model (DEM) to construct a hydrological model that, indeed, helps the decision makers to rapidly take the necessary procedures to avoid risks. Index Terms— GIS, Flash floods, Hazard, South Sinai, Infrastructure, Nuweiba, Dahab. —————————— —————————— 1. INTRODUCTION plain, which extends from the Suez Canal into Gaza Strip. El-Salam canal project is planned to feed about 200,000 fed- atural disasters are inevitable and it is almost impossi- dans in North Sinai using mixed drainage and fresh water. N ble to fully recover from the damage caused by such The Sinai is administratively divided into two governorates events (2).But, it is possible to minimize the potential North Sinai and South Sinai. risk by preparing and implementing plans to avoid such disasters, and to help in rehabilitation and disaster reduc- The present work represents an endeavor of applying tion.
    [Show full text]
  • Environmental Assessment, Documentation and Spatial Modeling of Heavy Metal Pollution Along the Jordan Gulf of Aqaba Using Coral Reefs As Environmental Indicator
    Environmental Assessment, Documentation and Spatial Modeling of Heavy Metal Pollution along the Jordan Gulf of Aqaba Using Coral Reefs as Environmental Indicator Doctorate Thesis Submitted to Department of Hydrogeology and Environment Julius-Maximilians-University of Würzburg By Nedal Al Ouran from At Tafileh/Jordan Würzburg, 2005 Umweltbewertung, Dokumentation und räumliche Modellierung der Schwermetallverschmutzung entlang der Küste von Aqaba (Jordanien) unter Verwendung von Korallenriffen als Umweltindikator Dissertation zur Erlangung des naturwissenschaftlichen Doktorgrades der Bayerischen Julius-Maximilians-Universität Würzburg vorgelegt von Nedal Al Ouran aus At Tafileh/Jordanien Würzburg, 2005 Eingereicht am: 1. Gutachter der Dissertation: Prof. Dr. P. Udluft 2. Gutachter der Dissertation: Prof. Dr. E. Salameh 1. Prüfer: Prof. Dr. P. Udluft 2. Prüfer: Prof. Dr. D. Busche Tag der mündlichen Prüfung: Doktorurkunde ausgehändigt am: Nedal M. Al Ouran i Acknowledgment I am deeply indebted to my supervisor, Professor Peter Udluft for his constant support. Through the facilities offered to me during this work, all things went very smooth, and I should acknowledge his assistance in supplying invaluable literature which was not available at the university of Würzburg or not accessible online. Without his help, this work would not have actually been possible. Deep thanks and appreciation are due to my Co-supervisor Prof Elias Salameh; University of Jordan. I will never forget the extreme confidence he has offered me pertaining the research, as I was confused at the very early stages to go ahead with such pilot work in Aqaba. I am also much indebted to Mr. Peter Zolda, University of Vienna, for the help he has offered in selecting the sampling sites, and providing one of the three cores used in this research, (to avoid further damage to the reef) in addition to the determination of the core geochronology.
    [Show full text]