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Central Bank Of Sudan
The Central Bank of Sudan ( ar, بنك السودان المركزي) is the central bank of Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in the capital Khartoum. History When Sudan achieved independence in 1956, the creation of a central bank was a priority. A 3-man commission of experts from the United States's Federal Reserve, worked with Sudanese government and finance specialists to create the Law of the Bank of Sudan for 1959, and in 1960 the Bank of Sudan began operations. To establish the bank, the Sudanese government nationalized the National Bank of Egypt's operations in the Sudan (some seven branches), and combined them with the Sudanese currency board. In addition to the normal duties of a central bank, which may include minting coins and issuing banknotes, managing a country's internal and external accounting, and setting monetary policy and interest rates, Sudan's central bank is also responsible for fostering Islam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khartoum
Khartoum or Khartum ( ; ar, الخرطوم, Al-Khurṭūm, din, Kaartuɔ̈m) is the capital of Sudan. With a population of 5,274,321, its metropolitan area is the largest in Sudan. It is located at the confluence of the White Nile, flowing north from Lake Victoria, and the Blue Nile, flowing west from Lake Tana in Ethiopia. The place where the two Niles meet is known as ''al-Mogran'' or ''al-Muqran'' (; English: "The Confluence"). From there, the Nile continues north towards Egypt and the Mediterranean Sea. Divided by these two parts of the Nile, Khartoum is a tripartite metropolis with an estimated population of over five million people, consisting of Khartoum proper, and linked by bridges to Khartoum North ( ) and Omdurman ( ) to the west. Khartoum was founded in 1821 as part of Egypt, north of the ancient city of Soba. While the United Kingdom exerted power over Egypt, it left administration of the Sudan to it until Mahdist forces took over Khartoum. The British atte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharia High Supervisory Board
Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the Hadith. In Arabic, the term ''sharīʿah'' refers to God's immutable divine law and is contrasted with ''fiqh'', which refers to its human scholarly interpretations. In the historical course, fiqh sects have emerged that reflect the preferences of certain societies and state administrations on behalf of people who are interested in the theoretical (method) and practical application (Ahkam / fatwa) studies of laws and rules, but sharia has never been a valid legal system on its own. It has been used together with " customary (Urf) law" since Omar or the Umayyads. It may also be wrong to think that the Sharia, as a religious argument or belief, is entirely within or related to Allah's commands and prohibitions. Several non-graded crimes are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through free or subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Side
Supply-side economics is a macroeconomic theory that postulates economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply-side economics, consumers will benefit from greater supplies of goods and services at lower prices, and employment will increase. Supply-side fiscal policies are designed to increase aggregate supply, as opposed to aggregate demand, thereby expanding output and employment while lowering prices. Such policies are of several general varieties: #Investments in human capital, such as education, healthcare, and encouraging the transfer of technologies and business processes, to improve productivity (output per worker). Encouraging globalized free trade via containerization is a major recent example. #Tax reduction, to provide incentives to work, invest and take risks. Lowering income tax rates and eliminating or lowering tariffs are examples of such policies. #Investments in new capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sudan 1 Pound 1987 Reverse
Sudan ( or ; ar, السودان, as-Sūdān, officially the Republic of the Sudan ( ar, جمهورية السودان, link=no, Jumhūriyyat as-Sūdān), is a country in Northeast Africa. It shares borders with the Central African Republic to the southwest, Chad to the west, Egypt to the north, Eritrea to the northeast, Ethiopia to the southeast, Libya to the northwest, South Sudan to the south and the Red Sea. It has a population of 45.70 million people as of 2022 and occupies 1,886,068 square kilometres (728,215 square miles), making it Africa's third-largest country by area, and the third-largest by area in the Arab League. It was the largest country by area in Africa and the Arab League until the secession of South Sudan in 2011, since which both titles have been held by Algeria. Its capital is Khartoum and its most populated city is Omdurman (part of the metropolitan area of Khartoum). Sudan's history goes back to the Pharaonic period, witnessing the Kingdom of Kerm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grindlays Bank
The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elements of Africa and Southeast Asia. It was styled Grindlay, Christian & Matthews in 1839, Grindlay & Co from 1843, Grindlay & Co Ltd from 1924 and Grindlays Bank Ltd in 1947 until its merger with the National Bank of India. The National Bank of India was formed in 1863 and became one of the larger London overseas banks operating not only in the Indian sub-continent but in communities around the Indian Ocean. In 1948 it purchased the smaller Grindlays Bank Ltd, renaming itself National and Grindlays Bank Ltd some ten years later.Geoffrey Tyson, 100 Years of Banking in Asia and Africa, (1963) Following further acquisitions, its name was shortened to Grindlays Bank in 1974. Grindlays was taken over by Australia and New Zealand Banking Group i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Ethiopia
The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around 22,908 employees, who staff its headquarters and its over 1000+ branches positioned in the main cities and regional towns. The latter include 120 branches in the national capital Addis Ababa. With the opening of a branch in the Gechi in the Illubabor Zone, CBE's banking network has reached online 783 branches. The bank has reached 1284 branches as of 10 August 2018. The bank also operates two branches in South Sudan. It is contemplating re-opening a branch in Djibouti, and opening branches in Dubai and Washington, DC, all to serve the Ethiopian diaspora. The bank is pioneer to introduce modern banking to Ethiopia and credited for playing a catalytic role in the economic progress and development of the country. It is also the first bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab Bank
Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serves clients in more than 600 branches spanning five continents. Arab Bank is a publicly held shareholding company listed on the Amman Stock Exchange. The bank is a major economic engine in Jordan and throughout the Middle East and North Africa region, providing banking services and capital, and facilitating development and trade throughout the region. According to its website, the bank is the highest-ranked by market capitalization, and represents approximately 25% of the Amman Stock Exchange. U.S. appellate courts have ruled in the bank's favor in several lawsuits filed in the 2000s alleging its involvement in facilitating the funding of terrorist organizations. History Establishment (1940–1970s) In the 1940s and 1950s, the bank grew t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Cooperative Bank
People's, branded as ''People's Viennaline'' until May 2018, and legally ''Altenrhein Luftfahrt GmbH'', is an Austrian airline headquartered in Vienna. It operates scheduled and charter passenger flights mainly from its base at St. Gallen-Altenrhein Airport in Switzerland. History Founded as People's Viennaline in 2010, the first revenue flight of the company took place on 27 March 2011. For several years, People's only operated a single scheduled route between its homebase and Vienna. However, the route network has since been expanded with some seasonal and charter services. In November 2016, People's inaugurated the world's shortest international jet route (and, after St. Maarten-Anguilla, second shortest international route overall). The flight from St. Gallen-Altenrhein Airport, Switzerland, to Friedrichshafen Airport, Germany, took only eight minutes of flight over Lake Constance and could have been booked individually. The airline faced severe criticism for this service fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Misr
Banque Misr ( ar, بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960. The bank has branch offices in all of Egypt's governorates, and currency exchange and work permit offices for foreign workers in Egypt. History The idea of a national bank of Egypt dates to at least the days of Muhammad Ali, who ordered the establishment of a bank with 700,000 riyals shortly before he became ill and died. Amin Shumayyil wrote an article in favor of the idea in April 26, 1879 in the newspaper Al-Tijara; although a number of Egyptian dignitaries met to discuss the project, the conflict between the Khedive Isma'il Pasha and the National Assembly and subsequent ʻUrabi revolt doomed the idea this time. Revolt leader Ahmed ʻUrabi’s friend Wilfrid Scawen Blunt reports in his memoirs that Urabi had envisioned a “credit bank” for farme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Khartoum
Bank of Khartoum (BOK), is the largest bank in Sudan. With some 111 or more branches, it is also the commercial bank with the oldest continuous history in the country. The largest single shareholder is Dubai Islamic Bank. In 2011 the government of the United States of America lifted its sanctions on Bank of Khartoum. The US Treasury’s Office of Foreign Assets Control posted a notice on its website that it had removed Bank of Khartoum from the blacklist, meaning Bank of Khartoum could seek the return of blocked assets and resume limited dealings with U.S. financial institutions. However, in March 2014, several European and Saudi Arabian banks announced that they would cease transacting with Bank of Sudan. With the separation of South Sudan from Sudan, the Bank of Khartoum Juba (BOK-JUBA) is now operating as a commercial bank in South Sudan. History The origins of the Bank of Khartoum date back to 1913 when the Anglo-Egyptian Bank established a branch in Khartoum. In 1925, Bar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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