Abraaj Capital
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Abraaj Capital
The Abraaj Group was a private equity firm operating in six continents that is currently in liquidation due to accusations of fraud. The firm was founded by Pakistani businessman Arif Naqvi and was based in Dubai, United Arab Emirates. History The Abraaj Group was founded in 2002 by Pakistani businessman Arif Naqvi with US$3 million in capital. In April 2015, the firm closed a US$990 million Sub-Saharan Africa fund, its third in the region according to the company. Combined with US$375 million raised in August 2015 for a fund to focus on North Africa, the two funds give Abraaj just under US$1.4 billion to invest in Africa, a record sum raised in a single year. In July 2016, the firm announced that it raised $526 million for investments in Turkey through Abraaj Turkey Fund I. Abraaj also launched its $1 billion Abraaj Growth Markets Health Fund (AGHF) to build affordable and accessible health eco-systems for middle and low-income communities in Sub Saharan Africa and South Asia. ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making it the world's sixteenth-most populous country. Vietnam borders China to the north, and Laos and Cambodia to the west. It shares maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia, and Malaysia through the South China Sea. Its capital is Hanoi and its largest city is Ho Chi Minh City (commonly known as Saigon). Vietnam was inhabited by the Paleolithic age, with states established in the first millennium BC on the Red River Delta in modern-day northern Vietnam. The Han dynasty annexed Northern and Central Vietnam under Chinese rule from 111 BC, until the first dynasty emerged in 939. Successive monarchical dynasties absorbed Chinese influences through Confucianism and Buddhism, and expanded ...
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Emirate
An emirate is a territory ruled by an emir, a title used by monarchs or high officeholders in the Muslim world. From a historical point of view, an emirate is a political-religious unit smaller than a caliphate. It can be considered equivalent to a principality in non-Muslim contexts. Currently in the world, there are two emirates that are independent states (Kuwait and Qatar), and a state that consists of a federation of seven emirates, the United Arab Emirates. The unrecognized Taliban state in Afghanistan is also styled as an emirate. A great number of previously independent emirates around the world are now part of larger states, as can be seen in Nigeria. Etymology Etymologically, emirate or amirate ( ' plural: ' is the quality, dignity, office, or territorial competence of any emir (prince, commander, governor, etc.). In English, the term is pronounced or in British English and or in American English. Types Monarchies The United Arab Emirates is a federal state ...
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Dubai Financial Services Authority
The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), In Dubai, United Arab Emirates. It is distinct from the UAE's federal Securities and Commodities Authority, whose jurisdiction covers the wider UAE outside the boundaries of the DIFC. It operates only within the special economic zone and is tasked with providing a regulatory environment of international standards. The DFSA's regulatory mandate includes asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange, and an international commodities derivatives exchange. In addition to regulating financial and ancillary services, the DFSA is responsible for supervising and enforcing anti-money laundering (AML) and counter-terrorist financing (CTF) requirements applicable in the DIFC. ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ...
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Kolkata
Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the seventh-most populous city in India, with a population of 45  lakh (4.5 million) residents within the city limits, and a population of over 1.41  crore (14.1 million) residents in the Kolkata Metropolitan Area. It is the third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The Port of Kolkata is India's oldest operating port and its sole major riverine port. Kolkata is regarded as the cultural capital of India. Kolkata is the second largest Bengali-speaking city after Dhaka ...
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Royal College Of Art
The Royal College of Art (RCA) is a public research university in London, United Kingdom, with campuses in South Kensington, Battersea and White City. It is the only entirely postgraduate art and design university in the United Kingdom. It offers postgraduate degrees in art and design to students from over 60 countries. History The RCA was founded in Somerset House in 1837 as the Government School of Design or Metropolitan School of Design. Richard Burchett became head of the school in 1852. In 1853 it was expanded and moved to Marlborough House, and then, in 1853 or 1857, to South Kensington, on the same site as the South Kensington Museum. It was renamed the Normal Training School of Art in 1857 and the National Art Training School in 1863. During the later 19th century it was primarily a teacher training college; pupils during this period included George Clausen, Christopher Dresser, Luke Fildes, Kate Greenaway and Gertrude Jekyll. In September 1896 the school receive ...
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Ban Ki-moon
Ban Ki-moon (; ; born 13 June 1944) is a South Korean politician and diplomat who served as the eighth secretary-general of the United Nations between 2007 and 2016. Prior to his appointment as secretary-general, Ban was his country's Minister of Foreign Affairs and Trade between 2004 and 2006. Ban was the foreign minister of South Korea between 2004 and 2006. Ban was initially considered to be a long shot for the office of Secretary-General of the United Nations however, he began to campaign for the office in February 2006. As the foreign minister of South Korea, he was able to travel to all the countries on the United Nations Security Council, a maneuver that subsequently turned him into the campaign's front runner. On 13 October 2006, he was elected as the eighth secretary-general by the United Nations General Assembly. On 1 January 2007, he succeeded Kofi Annan. As secretary-general, he was responsible for several major reforms on peacekeeping and UN employment practice ...
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United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights, labor, the environment and anti-corruption. Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society. Cities can join the Global Compact through the Cities Programme. The UN Global Compact is the world's largest corporate sustainability ( corporate social responsibility) initiative with 13000 corporate participants and other stakeholders over 170 countries with two objectives: "Mainstream the ten principles in business activities around the world" and "Catalyse actions in support of broader UN goals, such as the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs)". Moving forwa ...
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