...BAE Systems Bribery Scandal BAE Systems, how did they end up in such a scandal? BAE was almost like the “The Great OZ,” the man behind the curtain so to speak. BAE wanted a contract between them and the Saudi Arabian officials to build fighter planes called Panavia Tornado IDS Fighter Planes. What is a Panavia Tornado IDS Fighter Plane? This multirole aircraft is equipped with an advanced sensor and defensive aids suite for low-level, deep penetration missions in all weathers by and by night. The aircraft is fitted with two 25mm cannons on each side of the fuselage. The aircraft is equipped with a wide range of weapons. For close air support and interdiction, the aircraft is typically equipped with iron bombs, cluster bombs and laser-guided bombs. In the defense suppression role, it is equipped with anti-radar missiles. Tornado has a multimode APFD (Autopilot and Flight Director) from BAE Systems. The aircraft's TACAN (Tactical Air Navigation) system is the AD2770 from BAE Systems or the Alcatel SEL AG Sector-TACAN. The instrument landing system is the Cossor.CILS75/76. (2012, Aireforce-Technology, Net Resources International, http://www.airforce-technology.com/projects/tornado/) In September 2006, a contract for BAE Systems awarded to upgrade 80 Tornado fighters of the Saudi Arabian Air Force. The program involved advances in systems, stealth technology, and avionics. A digital avionics bus links the new systems and fully integrates the aircraft's improved defensive aids suite...
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...and Corporate Social Responsibility in Lebanon”, Social Responsibility Journal (2009). http://www.emeraldinsight.com.ezproxy.aub.edu.lb/Insight/viewContainer.do;jsessionid=F8 FECFB1ECF1459573B900E5DE0A6B28?containerType=Journal&containerId=6000003 "Assessing the Global Readiness of Arab Countries to Join the WTO: A Multivaraite analysis" Journal of Economic & Administrative Sciences (JEAS) Vol. 24, No. 1, June 2008 (1 - 14). http://jeas.cbe.uaeu.ac.ae/jeas2008_Jun/01_Assess.pdf http//:jeas.cbe.uaeu.ac.ae Developing a model to restructure the overpopulated banking industry in Lebanon Author(s): Abdulrazzak Charbaji Managerial Auditing Journal; Volume: 16 Issue: 1; 2001 Case study View HTML | View PDF (90 KB) | Reprints & Permissions 2. Market List Item 2: A path analytic study of the attitude toward e-government in Lebanon Author(s): Abdulrazzak Charbaji, Tarik Mikdashi Corporate Governance;...
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...emphasis on female entrepreneurs from Saudi Arabia. The paper will employ a qualitative approach to try and understand how female entrepreneurs in Saudi Arabia have managed to start and manage their enterprises. The reasons that motivated women to take this approach in the business world will be interrogated, the challenges that face them and the means used to mitigate those problems will also be investigated. This thesis will look at the internal and external barriers that are faced by female entrepreneurs. The factors that form the conventional support network for women in business around the globe will be analyzed in a bid to show the to which they have been applied in Saudi Arabia. Using established research literature, the common problems faced by female entrepreneurs are well stated, this paper will go further to show how progress has been achieved and the factors that have facilitated a resurgence of entrepreneurship in this Middle Eastern country. Female Entrepreneurship In Saudi Arabia Female entrepreneurship in Saudi Arabia could the next frontier for the improvement of the Middle Eastern economy. A sector long overlooked due to the conservative nature of the Islamic society (Elamin & Omair, 2010), men have traditionally been looked upon to lead the way in business. However, recent development point to a paradigm shift as more Saudi women are making their mark in the business world. The female entrepreneurs need to be supported by the Saudi government to facilitate them...
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...Kingdom of Saudi Arabia (KSA), The Western Province (2012) By/ Reham H. Al Zahrani Abstract This paper examines the actual situation of SMEs performing in local food service industry in Kingdom of Saudi Arabia (KSA). It focuses basically on critical issues that disturb the development of local SMEs. The adopted theoretical framework is SME’s vicious cycle in which all enterprise’s factors are to be investigated. The results were collected from 19 enterprises which are mainly located in the most vivid economic cities in the western province in KSA. The most crucial barriers identified in this research are labor-related issues, product quality issues, governmental issues, marketing issues, business regulation issues, financial issues, competition issues, and technological issues. Finally, the paper provides some recommendations to overcome or minimize the influence of these constraints in order to empower SMEs in Saudi restaurants industry to grow and reach their ultimate potentials. Key Words: SMEs, barriers, Saudi, KSA, Food Service Industry, Restaurants, development, growth. 1 Identification of Local SMEs’ Development Barriers in Food Service Industry in KSA, the Western Province (2012) Introduction Food service industry is one of the most active and productive industry in the national private economy in Kingdom of Saudi Arabia. This particular sector has achieved recently focused attention due to its fast growth compared to other similar markets in the area...
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...©BritishJournal Publishing, Inc. 2012 http://www.bjournal.co.uk/BJASS.aspx Corporate Governance and Performance of Saudi Arabia Listed Companies Yahya Ali Al-Matari Faculty of Accountancy, Universiti Utara Malaysia matariyahya@yahoo.com Dr. Abdullah Kaid Al-Swidi College of Arts & Sciences, Universiti Utara Malaysia swidi@uum.edu.my, and Assoc. Prof. Dr. Faudziah Hanim Bt Fadzil Faculty of Accountancy, Universiti Utara Malaysia fhanim@uum.edu.my Abstract: This study aims to provide a concise view of the background of Saudi Arabia‟s legal system, important regulations and monitoring policies related to the corporate governance followed by the Saudi government to enhance the attractiveness of the business environment. In so doing, this study attempted to provide an overview on corporate governance in the emerging markets and more specifically in Saudi Arabia. Additionally, this study has shed lights on the main monitoring devices which play a significant role in regulating and developing the Saudi business environment. The focus was on some corporate governance mechanisms that might affect firm performance including board composition (BODCOM), CEO duality (DUAL), board size (BSIZE), audit committee independence (ACIND), audit committee activities (ACMEET) and audit committee size (ACSIZE). Keywords: Corporate governance, firm performance, emerging countries, Saudi Arabia. 1 British Journal of Arts and Social Sciences ISSN: 2046-9578, 1. Introduction The topic...
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...Analysis of Saudi Arabia History of Saudi Arabia Saudi Arabia is a member of the Gulf Cooperation Council (GCC) (Bowen, 2008; Fasano and Iqbal, 2003). The country traces its origin back to the early empires of the Arabian Peninsula, which is an ancient trade centre. At present, Saudi Arabia serves a key role in the Islamic world, as it is the birthplace of Islam and the place where Mecca and Medina are located. Thus, the country frequently receives Islamic visitors during the annual Islamic Haj, as it owns the holy city of Mecca. The modern Kingdom of Saudi was established by King Abdulaziz Al-Saud, in 1932, and since then, the Kingdom has grown from a desert nation to a recent, classy state and a chief player on the global stage. Since time immemorial, Saudi Arabia has been an essential stake of the Arab world. Its huge supplies of oil and close links to America guaranteed its place, since the times of the cold war till when a wave of turbulence bust in Tunisia, during the month of January 2011, and touched the entire region. Currently, the ruling family in Saudi is experiencing a different world, anxiously. Early this month, Saudi Arabia pronounced the demise of Prince Nayef bin, who was a dedicated minister in the war against Al Qaeda and who was ignorant to change of democracy. After a few days, Prince Salman replaced him as the Crown Prince. Salman had served as a governor of Riyadh for almost 50 years ahead of his endorsement to the ministerial seat. Saudi Arabia, as...
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...Sabena had approved an order for 17 Airbus A320s (narrow-bodied aircraft), which it did not need. Even more oddly, it had doubled the order at the last minute to 34, a move that helped trigger the airline’s collapse four years later. Although nominally controlled by the Belgian government, Sabena was run by the parent company of Swissair, SAirGroup, which had owned a stake of 49.5 percent since 1995 and which also went bust in 2001. A former Sabena manager, who arrived after the Airbus order was placed, says that the planes were not needed: “It was a fatal business decision.” A Belgian parliamentary commission’s recent report confirms that the Airbus order was a big cause of Sabena’s collapse. Van Espen’s separate criminal investigation is continuing. According to the report, it started in October 2001 after Philippe Doyen, then a Sabena employee, lodged a complaint. Among other things, he suggested to Van Espen that he interview Peter Gysel, a former Swissair employee now working at Airbus, who put together Sabena’s deal with Airbus. Gysel denies any impropriety. The former Sabena manager says: “I never got the slightest whiff that the decision was driven by kickbacks, side-payments, and so on. But I cannot rule anything out.” Neither does Van Espen. Today airlines are ordering about 400 aircraft a year. But in good times, 800 planes,...
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...Information Security Policy for E-government in Saudi Arabia: Effectiveness, Vulnerabilities and Threats [Name of the Writer] [Name of the Institute] Executive Summary Introduction: In many countries, the implementation of the E-Government has proved to be useful in providing efficient services to the consumers. This increases the speed of the work and does not cause any unnecessary delays. All these aspects matters for the efficient service of the Government work. In the end, it proves to be beneficial for both Government and the citizens living in Saudi Arabia. Therefore, in this study, all the issues related to the Information Security Policy will be discussed in detail. The research study is worth for a number of reasons. Firstly, it will help in assessing the degree of effectiveness of the present security policy, security holes in the policy, and threats not addressed by the policy. It, in turn, would help in coming up with measures of ensuring that the policy is security-oriented, which increases citizens’ confidence in using e-government services. Literature Review: The primary purpose of producing literature review is to support the findings of this study via the theoretical justifications obtained from literature. The review revealed that in Saudi Arabia, there is the absence of agencies to monitor the accountability of e-government services. Most of the workers of offices in Saudi Arabia lack professionalism, and this is a great weakness in the implementation...
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...which was mainly based on the growth in crude oil prices and volumetric growth. Based on our coverage, the regional sales revenue witnessed QoQ growth of 10.6% to reach at USD12.7bn in 4Q10, while gross margin inched up to 35.6% from 33.5% in 3Q10 and 34.1% in 4Q09. In addition, the regional profitability was recorded at USD2.4bn as compared to USD2.1bn in 3Q10 and USD1.6bn in 4Q09. MENA unrest leads prices to remain on higher levels Global Research believes average prices of crude oil will continue to show upward movement on the back of political unrest in North African region, where the key transportation routes are located. However, the recent events in Arabian peninsula i.e. Yemen, Bahrain and Oman is also alarming uncertainty in oil market....
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...concepts in the development of a realistic and highly performing approach to research that will reach the laid expectations through the use of the available instruments and knowledge (Creswell, 2014). The methodology adopted for a study should always be the one with the potential to provide the best results with the input of the least resources, especially with the consideration of the value of time. The introduction and literature review chapters of the dissertation provide the foundation for the current section as they provide the definitions and relationships of the subjects. The hypotheses developed from the cumulated knowledge are the principal measurements necessary to assess the ability to generalize the theoretical assumptions in Saudi Arabia. The adoption of a replicable approach to the current study may guide in the adoption of its concepts in future studies a similar case and, hence, improving the viability, reliability, and replicability of the results of the study. 3.2 Type of Research The research adopted a pragmatic approach to understanding...
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...Sign In ✉ Mail ⚙ Help . . .. . . . . . . .. . . Mon, Feb 9, 2015, 11:18AM EST - US Markets close in 4 hrs and 42 mins . . . . Recent. . . Quotes you view appear here for quick access. .. . . ... Finance Home My Portfolio My Quotes News Market Data Yahoo Originals Business & Finance Personal Finance CNBC Contributors . . . .. Recommended Games More games » . . Compare Brokers .. . Leaked List Shows HSBC's Swiss Arm Helped Putin Allies, Drug Lords and Fugitives Hide . Bloomberg By David Kocieniewski 1 hour ago . ˠ ➕ ✕ . . .... . .. .. (Bloomberg) -- The private-banking unit of HSBC Holdings Plc made significant profits for years handling secret accounts whose holders included drug cartels, arms dealers, tax evaders and fugitive diamond merchants, according to a report released Sunday by an international news organization. HSBC is among a handful of banks to face criminal prosecution in recent years for its role in a Swiss banking system that allowed depositors to conceal their identities, and in many cases dodge taxes or launder ill-gotten cash. The report, prepared by the Washington-based International Consortium...
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...in Northfield, Massachusetts. He then enrolled in the undergraduate program at Cornell University but dropped out. He studied Islamic sciences under prominent Deobandi scholars at madrassa Jamia Uloom Islamia, Binori Town, Karachi, Pakistan (see details below). DeLorenzo completed three years of doctoral studies on the Legal Rulingsof the Quran at Bahawalpur University, Pakistan, and allegedly studied in Egypt. DeLorenzo‟s professional experience and affiliations include teaching courses on “The Principles of Islamic Investment,” Dow Jones University. He is also the Director for the Master‟s Program for Imams, Graduate School of Islamic and Social Sciences (GSISS), Leesburg, Virginia. He has served as Director of Education for the Islamic Saudi Academy, Fairfax, Virginia, as Guest Scholar at the American Learning Institute for Muslims (ALIM), Canton, Michigan and as an Advisor on Islamic affairs and education to the President of Pakistan, 1981-1984. DeLorenzo has many affiliations with Islamist Organizations:...
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...COUNTRY MARKET STUDY: SAUDI ARABIA Compiled by: Directorate International Trade Sub-directorate: Europe, Russia and Middle East Department of Agriculture, Forestry and Fisheries March 2010 Authors: Mr Gert van Rensburg (GertVR@daff.gov.za) and Ms Joyce Letswalo (JoyceLe@daff.gov.za) Disclaimer The Department of Agriculture, Forestry and Fisheries take no responsibility for any action taken from this study. This is a desktop study and own research must be undertaken, before decisions is made based on this study. SUMMARY1 This country market study of Saudi Arabia examines the trade flows between South Africa (SA) and Saudi Arabia. The major objective of the study is to identify agricultural products that have the potential to be exported to Saudi Arabia. First the study gives a historical background about Saudi Arabia, looks at some country facts, give an economic overview and look at the regional and international relations of Saudi Arabia. Then it examines the trade policy of Saudi Arabia, looks at bilateral agreements between SA and Saudi Arabia and at total trade between these two countries. From here on there is focused on agricultural trade, inter alia taking into account the following: the most important products imported and exported and the trade balance. An analysis is done to determine posible exports to Saudi Arabia. Finally it looks at some trade barriers and a conclusion and some comments are made on trade with Saudi Arabia. The Kingdom of Saudi Arabia (Saudi Arabia)...
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...society and investors. There are only two choices, in my opinion, for the company; either to bribe or not to bribe. Although we discussed another choice in our class in which a company use a local agent to do all the dirty tasks, but I believe it is exactly the same as paying the bribe by itself. If we apply the utilitarianism model to analyze this situation focusing on the purpose of maximizing company’s profits, some people might not consider the company's bribes unethical activities. As long as the company’s market share is increasing and investors are gaining more money, nobody cares what the company has done to accomplish these goals. In my opinion, under the same method of analysis and only considering increasing the investors’ profits, I don’t think the company will benefit from giving bribes on the long run. Eventually, competitors, who have the same incentives, will adopt the same strategy. Sooner or later, if everyone is thinking in the same way, the whole market will be corrupted. All companies accept to bribe and consequentially no one has an advantage over the others in winning a deal...
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...In pre-Islamic times, apart from a small number of urban trading settlements (such as Mecca and Medina), most of what was to become Saudi Arabia was populated by nomadic tribal societies in the inhospitable desert.[38] The Islamic prophet, Muhammad, was born in Mecca in about 571 A.D. In the early 7th century, Muhammad united the various tribes of the peninsula and created a single Islamic religious polity. Following his death in 632, his followers rapidly expanded the territory under Muslim rule beyond Arabia, conquering huge swathes of territory (from the Iberian Peninsula in west to modern day Pakistan in east) in a matter of decades. In so doing, Arabia soon became a politically peripheral region of the Muslim world as the focus shifted to the more developed conquered lands.[39] From the 10th century to the early 20th century Mecca and Medina were under the control of a local Arab ruler known as the Sharif of Mecca, but at most times the Sharif owed allegiance to the ruler of one of the major Islamic empires based in Baghdad, Cairo or Istanbul. Most of the remainder of what became Saudi Arabia reverted to traditional tribal rule.[40][41] In the 16th century, the Ottomans added the Red Sea and Persian Gulf coast (the Hejaz, Asir and Al-Ahsa) to the Empire and claimed suzerainty over the interior. One reason was to thwart Portuguese attempts to attack the Red Sea (hence the Hejaz) and the Indian Ocean.[42] Ottoman degree of control over these lands varied over the next four...
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