Petra Bank
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Petra Bank
Petra Bank was a Jordanian bank. It began in 1956 when Prince Hassan bin Talal, the Crown Prince of Jordan approached Ahmad Chalabi, an Iraqi economist while the latter was teaching at the American University of Beirut to launch a new Jordanian bank, and wanted Chalabi to help him form and run the venture. By 1958, Petra Bank was incorporated and running for business in Amman and throughout Jordan. The Crown Prince's support also enabled Petra to open a string of branches for the first time in the West Bank. Members of Chalabi's family also ran an investment company, Socofi, in Geneva, another bank, MEBCO, in Geneva and Beirut, as well as a Washington arm of Petra Bank known as Petra International. Petra Bank became the third largest bank in Jordan. But when the Central Bank of Jordan, through a decree issued by its governor Mohammed Said Nabulsi imposed tough liquidity ratios on Jordanian banks to reduce the outflow of foreign exchange from Jordan, forcing banks to deposit 30% of ...
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Prince Hassan Bin Talal
Prince Hassan bin Talal ( ar, الحسن بن طلال, born 20 March 1947) is a member of the Jordanian royal family who was previously Crown Prince from 1965 to 1999, being removed just three weeks before King Hussein's death. Family Prince Hassan is the third son of King Talal and Queen Zein, brother of King Hussein and uncle of King Abdullah II. In 1968, Prince El Hassan married Sarvath Ikramullah, daughter of Pakistani politician and diplomat Mohammed Ikramullah, and female Pakistani-Bengali politician, diplomat and Urdu author, Begum Shaista Suhrawardy Ikramullah. They first met in London in 1958, when they were both youngsters, and have four children together: * Princess Rahma (born 13 August 1969) * Princess Sumaya (born 14 May 1971) * Princess Badiya (born 28 March 1974) * Prince Rashid (born 20 May 1979) Education Prince Hassan was educated first in Amman. He then attended Sandroyd School in Wiltshire before going on to Summer Fields School, Oxford, followed by ...
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Ahmad Chalabi
Ahmed Abdel Hadi Chalabi ( ar, أحمد عبد الهادي الجلبي; 30 October 1945 – 3 November 2015) was an Iraqi politician, a founder of the Iraqi National Congress (INC) who served as the President of the Governing Council of Iraq ( 37th Prime Minister of Iraq) and a Deputy Prime Minister of Iraq under Ibrahim al-Jaafari. He was interim Minister of Oil in Iraq in April–May 2005 and December 2005 – January 2006 and Deputy Prime Minister from May 2005 to May 2006. Chalabi failed to win a seat in parliament in the December 2005 elections, and when the new Iraqi cabinet was announced in May 2006, he was not given a post. Once dubbed the "George Washington of Iraq” by American supporters, he was initially a CIA-backed operative, who later fell out of favor, with US Special Forces raiding his private residence in Baghdad only one year after the invasion of Iraq, he later came under investigation by several U.S. government agencies after switching his allegian ...
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American University Of Beirut
The American University of Beirut (AUB) ( ar, الجامعة الأميركية في بيروت) is a private, non-sectarian, and independent university chartered in New York with its campus in Beirut, Lebanon. AUB is governed by a private, autonomous board of trustees and offers programs leading to bachelor's, master's, MD, and PhD degrees. AUB has an operating budget of $423 million with an endowment of approximately $768 million. The campus is composed of 64 buildings, including the American University of Beirut Medical Center (AUBMC, formerly known as AUH – American University Hospital) (420 beds), four libraries, three museums and seven dormitories. Almost one-fifth of AUB's students attended secondary school or university outside Lebanon before coming to AUB. AUB graduates reside in more than 120 countries worldwide. The language of instruction is English. Degrees awarded at the university are officially registered with the New York Board of Regents. History On J ...
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West Bank
The West Bank ( ar, الضفة الغربية, translit=aḍ-Ḍiffah al-Ġarbiyyah; he, הגדה המערבית, translit=HaGadah HaMaʽaravit, also referred to by some Israelis as ) is a landlocked territory near the coast of the Mediterranean Sea, Mediterranean in Western Asia that forms the main bulk of the Palestinian territories. It is bordered by Jordan and the Dead Sea to the east and by Israel (see Green Line (Israel), Green Line) to the south, west, and north. Under Israeli occupation of the West Bank, an Israeli military occupation since 1967, its area is split into 165 Palestinian enclaves, Palestinian "islands" that are under total or partial civil administration by the Palestinian National Authority (PNA), and 230 Israeli settlements into which Israeli law in the West Bank settlements, Israeli law is "pipelined". The West Bank includes East Jerusalem. It initially emerged as a Jordanian-occupied territory after the 1948 Arab–Israeli War, before being Jordani ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Central Bank Of Jordan
The Central Bank of Jordan ( ar, البنك المركزي الاردني) is the central bank of Jordan whose main duties include the release and distribution of the Jordanian currency and the maintenance of a national reserve of gold and foreign currencies. The bank also maintains and insures the safety of the banking environment in Jordan. Foundation Jordan set out preparations to establish the Central Bank of Jordan (CBJ) in the late 1950s. The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 million Jordanian Dinars. The CBJ enjoys the status of an independent and autonomous corporate body, although its capital is owned entirely by the government. Objectives and functions The law establishing the CBJ stipula ...
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Mohammed Said Nabulsi
Mohammed Said Nabulsi ( ar, محمد سعيد النابلسي; November 1928 – 23 July 2013) was a Jordanian banker, economist and politician. He served as Governor of the Central Bank of Jordan two times, first from 1973–1985, and secondly from 1989–1995. Career Nabulsi was born in November 1928 in November 1928 in Jaffa, Mandatory Palestine. He studied law at Damascus University between 1948 and 1952 and received a Ph.D. in Economics from Georgetown University after studying there between 1954 and 1956 and 1959 and 1960. Between 1958 and 1959 he studied at University of California, Berkeley. From 1952 to 1968 Nabulsi worked for the Central Bank of Syria. After his time in Syria Nabulsi moved to Jordan, where he went to work at the Central Bank of Jordan. While at the same working as a lecturer for the University of Amman. In 1972 he joined the government of Prime Minister Ahmad al-Lawzi as Minister of National Economy. He served for one year, when he became Governor of ...
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Ahmed Chalabi
Ahmed Abdel Hadi Chalabi ( ar, أحمد عبد الهادي الجلبي; 30 October 1945 – 3 November 2015) was an Iraqi politician, a founder of the Iraqi National Congress (INC) who served as the President of the Governing Council of Iraq ( 37th Prime Minister of Iraq) and a Deputy Prime Minister of Iraq under Ibrahim al-Jaafari. He was interim Minister of Oil in Iraq in April–May 2005 and December 2005 – January 2006 and Deputy Prime Minister from May 2005 to May 2006. Chalabi failed to win a seat in parliament in the December 2005 elections, and when the new Iraqi cabinet was announced in May 2006, he was not given a post. Once dubbed the "George Washington of Iraq” by American supporters, he was initially a CIA-backed operative, who later fell out of favor, with US Special Forces raiding his private residence in Baghdad only one year after the invasion of Iraq, he later came under investigation by several U.S. government agencies after switching his allegian ...
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Trial In Absentia
Trial in absentia is a criminal proceeding in a court of law in which the person who is subject to it is not physically present at those proceedings. is Latin for "in (the) absence". Its meaning varies by jurisdiction and legal system. In common law legal systems, the phrase is more than a spatial description. In these systems, it suggests a recognition of a violation to a defendant's right to be present in court proceedings in a criminal trial. Conviction in a trial in which a defendant is not present to answer the charges is held to be a violation of natural justice. Specifically, it violates the second principle of natural justice, (hear the other party). In some civil law legal systems, such as that of Italy, is a recognized and accepted defensive strategy. Such trials may require the presence of the defendant's lawyer, depending on the country. Europe Member states of the Council of Europe that are party to the European Convention on Human Rights are bound to adher ...
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Bank Fraud
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime. Types of bank fraud Accounting fraud In order to hide serious financial problems, some businesses have been known to use fraudulent bookkeeping to overstate sales and income, inflate the worth of the company's assets, or state a profit when the company is operating at a loss. These tampered records are then used to seek investment in the company's bond or security issues or to make fraudulent loan applications in a final ...
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Military Tribunal
Military justice (also military law) is the legal system (bodies of law and procedure) that governs the conduct of the active-duty personnel of the armed forces of a country. In some nation-states, civil law and military law are distinct bodies of law, which respectively govern the conduct of civil society and the conduct of the armed forces; each body of law has specific judicial procedures to enforce the law. Among the legal questions unique to a system of military justice are the practical preservation of good order and discipline, command responsibility, the legality of orders, war-time observation of the code of conduct, and matters of legal precedence concerning civil or military jurisdiction over the civil offenses and the criminal offenses committed by active-duty military personnel. Military justice is different and distinct from martial law, which is the imposition of direct military authority upon a civilian population, in place of the civilian legal system of law ...
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Banks Of Jordan
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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