Farouk El Okdah
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Farouk El Okdah
Farouk Abd El Baky El Okdah ( ar, فاروق عبد الباقى العقدة, born August 1946) was the Governor of the Central Bank of Egypt "CBE" from December 2003 to February 2013. Academic Qualifications - B.S. In Commerce Accounting Major from Ain Shams University 1965 - Master of Accounting (with honors) from Cairo University in 1975 - Master of Business Administration (Finance) from The Wharton School, University of Pennsylvania in 1981 - PhD. in Business and Applied Economics from The Wharton School, University of Pennsylvania Managerial Positions - Governor of the Central Bank of Egypt (CBE) from December 2003 until February 2013. - Chairman & Chief Executive Officer of the National Bank of Egypt (NBE) from January 2003 until December 2003 in which he became the Governor of Central Bank of Egypt - He acquired 19 years of banking experience from 1983 until 2002 working with Irving Trust Company - New York which was acquired later by Bank of New York; where he h ...
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Central Bank Of Egypt
The Central Bank of Egypt (CBE; ar, البنك المركزي المصري) is the central bank and monetary authority of Arab Republic of Egypt. Currency Since the trading of gold and silver coins in Egypt and until 1834, there was no one unit of currency to unify the country. In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began. In 1836, the Egyptian pound was first introduced and it became open for public use. The bank floated the Egyptian pound during the morning of the 13th of November 2016.Hossam Mounir (November 2, 2017) Flotation was boldest decision in history of Egyptian economic, banking sectors published by Daily News Egypt - accessed 2020-02-14
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Ain Shams University
Ain Shams University ( ar, جامعة عين شمس) is a public university located in Cairo, Egypt. Founded in 1950, the university provides education at the undergraduate, graduate and post-graduate levels. History Ain Shams University was founded in July 1950, the third-oldest non-sectarian native public Egyptian university (ancient Islamic universities such as Al-Azhar and private institutions such as the American University in Cairo are older), under the name of Ibrahim Pasha's University. Its site used to be a former royal palace, called the Zafarana Palace. The two earlier universities of this kind are Cairo University ( Fuad I university formerly) and Alexandria University ( Farouk I university formerly). When it was first established, Ain Shams University had a number of faculties and academic institutes, which were later developed into a university. The university's academic structure includes 14 faculties, 1 college and 2 high institutes plus 12 centers and special un ...
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Cairo University
Cairo University ( ar, جامعة القاهرة, Jāmi‘a al-Qāhira), also known as the Egyptian University from 1908 to 1940, and King Fuad I University and Fu'ād al-Awwal University from 1940 to 1952, is Egypt's premier public university. Its main campus is in Giza, immediately across the Nile from Cairo. It was founded on 21 December 1908;"Brief history and development of Cairo University." Cairo University Faculty of Engineering. http://www.eng.cu.edu.eg/CUFE/History/CairoUniversityShortNote/tabid/81/language/en-US/Default.aspx however, after being housed in various parts of Cairo, its faculties, beginning with the Faculty of Arts, were established on its current main campus in Giza in October 1929. It is the second oldest institution of higher education in Egypt after Al Azhar University, notwithstanding the pre-existing higher professional schools that later became constituent colleges of the university. It was founded and funded as the Egyptian University by a comm ...
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The Wharton School
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Generally considered to be one of the most prestigious business schools in the world, the Wharton School is the world's oldest collegiate business school, having been established in 1881 through a donation from Joseph Wharton. The Wharton School awards the Bachelor of Science with a school-specific economics major, with concentrations in over 18 disciplines in Wharton's academic departments. The degree is a general business degree focused on core business skills. At the graduate level, the Master of Business Administration (MBA) program can be pursued standalone or offers dual studies leading to a joint degree from other schools (e.g., law, engineering, government). Similarly, in addition to its tracks in accounting, finance, ...
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University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. Among its highly ranked graduate schools are its law school, whose first professor wrote the first draft of the United States Constitution, its medical school, the first in North America, and Wharton, the first collegiate business school. Penn's endowment is US$20.7 billio ...
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Irving Trust Company
Irving Trust was an American Commercial bank headquartered in New York City that operated between 1851 and 1988 when it was acquired by Bank of New York. From 1965 the bank was the principal subsidiary of the Irving Bank Corporation. Between 1913 and 1931, its headquarters was in the Woolworth Building; after 1931, until it was acquired by Bank of New York, its headquarters was located at One Wall Street, at what is now known as the BNY Mellon Building. History The bank had its origins in 1851, when the Irving Bank of the City of New York was founded. Since there was not yet a federal currency, each bank issued its own paper and those institutions with the most appealing names found their certificates more widely accepted. The firm was named after Washington Irving, an author, diplomat, and lawyer who had gained an international reputation as America's first man of letters. His portrait appeared on the bank's notes and contributed to their wide appeal. In June 1865, it convert ...
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Bank Of New York
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and securities services company, with $2.4 trillion in assets under management and $46.7 trillion in assets under custody as of the second quarter of 2021. It is considered a systemically important bank by the Financial Stability Board. BNY Mellon is incorporated in Delaware. Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr. T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew, the latter of wh ...
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International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ...
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The World Bank
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruc ...
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Egypt Air
Egyptair (Egyptian Arabic: , ') is the state-owned flag carrier of Egypt. The airline is headquartered at Cairo International Airport, its main hub, operating scheduled passenger and freight services to 81 destinations in the Middle East, Europe, Africa, Asia,and The Americas. Egyptair is a member of Star Alliance. History Early years: Misr Airwork (1932–1949) Alan Muntz, chairman of Airwork, visited Egypt in 1931; at that time, he expressed his intention of starting up a new airline in the country. The new enterprise was named ''Misr Airwork'', with ″Misr″ being Arabic for Egypt. On 31 December 1931, the government granted the new company the exclusivity of air transport operations. A division of Misr Airwork named ''Misr Airlines'' was established on 7 June 1932, ″to promote the spirit of aviation among Egyptian youth″, becoming the seventh carrier in the world. The headquarters of Misr Airwork, S.A.E. was in Almaza Aerodrome, Heliopolis, Cairo. The initial invest ...
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1946 Births
Events January * January 6 - The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 - Enver Hoxha declares the People's Republic of Albania, with himself as prime minister of Albania, prime minister. * January 16 – Charles de Gaulle resigns as head of the Provisional Government of the French Republic, French provisional government. * January 17 - The United Nations Security Council holds its first session, at Church House, Westmin ...
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