Premium Essay

Historical, Emergence Issue and Current State of Saudi Arabia as a Free Market

In:

Submitted By gabrill
Words 768
Pages 4
J: Smoking is one of the main issues that mankind today is confronted with in the world. Smoking is known to have started as early as 1439 A.D. Rodrigo de Jerez was the first ever smoker in Europe, and the development of cigars was originated by the Native American people. In the twentieth century, cigars were advertised all over the world as a harmless, anti-stress product with little or no side effects. Smoking was eventually become widespread all over English-speaking continents and was even popular among women. As technology became more advanced, the adverse effects of smoking on human health have increased exponentially. Researchers officially declared smoking as a harmful habit that in most of the cases is fatal.
D: There are many reasons why people resort to smoking; many of the choices are based on the individual’s decisions. Much of temptation to start smoking is based on the advertising propaganda carried out by cigarette manufacturers. People at home see the images of smoking people on their television screens, in newspapers, and magazines. Children are influenced by their parents and may be misled to the thinking that smoking poses no danger. Statistics show that about nine out of ten tobacco users start smoking before they are eighteen years old. Peer pressure is another main reason why teenagers choose to do things they shouldn’t do: befriending the wrong group of people who might represent a negative example. Quite often it is the friends who persuade each other to start smoking or purchase a pack of cigarettes only to try what smoking is all about.
WF: Smoking is often portrayed in today’s society as a “cool” and “hip” thing to do. Moreover, on many occasions, smoking can contribute to the status of a person. The fact that it makes you look “cool” can tempt a person to light up and eventually harm his or

Similar Documents

Free Essay

Historical, Emergence Issue and Current State of Saudi Arabia as a Free Market

...Historical, Current state of the issue and Emergence of Saudi Arabia as free market Historical Saudi Arabia is a total monarchy ruled by King Abdallah bin Abdul Aziz Al Saud. Saudi Arabia has appeared to be satisfied with advance in economic. As a primary for oil producer and exporter, Saudi Arabia controls the whole Organization of Petroleum Exporting Countries. Saudi Arabia’s free market economy has incredible changes in a relatively short term of time. I t has grown from agricultural base community into the regional and global economic power with a modern infrastructure. Petroleum is a fundamental part of the Saudi Arabia’s economy comprising 45 percent of the country’s GDP. Saudi Arabia is the world’s largest producer and exporter of oil, accounting for 20 percent of the oil reserves. GDP in 2010 was estimated at USD622BN ( USD 24,200 per capita). GDP growth in 2010 was 3.7%. Petroleum is an integral part of the Saudi economy comprising 45 percent of the country’s GDP. Saudi Arabia is the world’s largest producer and exporter of oil, accounting for 20 percent of the world’s oil reserves. GDP in 2010 was estimated at USD622 BN (USD 24,200 per capita). GDP growth in 2010 was 3.7% Saudi Arabia was first graded in the 1996 Index, and its economic freedom score has declined since then by 6.1 points. Rating gains in trade freedom, investment freedom, and the management of government spending have been overwhelmed by substantial double-digit declines in property rights, freedom...

Words: 1344 - Pages: 6

Premium Essay

Oil Pricing

...An Anatomy of the Crude Oil Pricing System Bassam Fattouh1 WPM 40 January 2011 1 Bassam Fattouh is the Director of the Oil and Middle East Programme at the Oxford Institute for Energy Studies; Research Fellow at St Antony‟s College, Oxford University; and Professor of Finance and Management at the School of Oriental and African Studies, University of London. I would like to express my gratitude to Argus for supplying me with much of the data that underlie this research. I would also like to thank Platts for providing me with the data for Figure 21 and CME Group for providing me with the data for Figure 13. The paper has benefited greatly from the helpful comments of Robert Mabro and Christopher Allsopp and many commentators who preferred to remain anonymous but whose comments provided a major source of information for this study. The paper also benefited from the comments received in seminars at the Department of Energy and Climate Change, UK, ENI, Milan and Oxford Institute for Energy Studies, Oxford. Finally, I would like to thank those individuals who have given their time for face-to-face and/or phone interviews and have been willing to share their views and expertise. Any remaining errors are my own. 1 The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. Copyright © 2011 Oxford Institute for Energy Studies (Registered Charity, No. 286084) ...

Words: 14848 - Pages: 60

Premium Essay

Feasibility

...Feasibility Study and Business Plan to set up a Domestic Electrical Appliances Distribution Company in Saudi Arabia Al Hayat International Holding Co., Saudi Arabia Sole Distributor of Green World Electronics Co., USA September 22, 2008 1 Feasibility Study and Business Plan – Al Hayat Content 1. Executive Summary 2. Introduction - Al-Hayat International Holding Co. 2.1. About ECOFIN Research Services 2.2. About the Promoter 2.3. Project Background 2.4. The Franchise Concept 2.5. About Green World Electronics Co. ECOFIN Research Services Page 07 11 11 11 14 14 15 3. Success Stories of Electronics Retailing and Distribution Companies around the World17 3.1. Best Buy 3.2. GOME Electrical Appliances Holding Ltd. 3.3. Jumbo Electronics Co. 3.4. Media Market 3.5. NEXT Retail India Ltd. 17 18 20 22 24 4. Favorable Investment Environment 4.1. Investment Climate in Saudi Arabia 4.2. Overview of the Retail Industry in Saudi Arabia 4.3. Saudi Domestic Electrical Appliances Sector 4.4. Key Drivers for Saudi Domestic Electrical Appliance Industry 4.5. Saudi Domestic Electrical Appliance Industry – Major Trends and Forecast 4.6. Conclusion 27 27 33 40 43 55 56 5. Al-Hayat International Holding Co: Strategic Planning 5.1. Stakeholder analysis 5.2. Vision 5.3. Mission 5.4. Strategic Objectives 5.5. USP 58 58 58 58 58 58 6. The Business Plan 6.1. Product and Portfolio Analysis 6.2. Market Segmentation, Targeting and Positioning 6.3. Sales Propositions 6.4. Distribution: Strategic Options...

Words: 64347 - Pages: 258

Free Essay

Almarai Prospectus

...512 per share ALMARAI COMPANY A Saudi Joint Stock Company (under conversion) in accordance with Ministerial Resolution No. 773 dated 6/5/1426H (Corresponding to 13/6/2005G) Offering Period: 27/5/1426H to 7/6/1426H (Corresponding to 4/7/2005G to 13/7/2005G) Almarai Company Limited (“Almarai” or the “Company”) was formed as a Saudi limited liability company with Commercial Registration Number 1010084223, dated 19/12/1411H (corresponding to 1/7/1991G). The Minister of Commerce and Industry has, pursuant to resolution No. 773 dated 6/5/1426H (corresponding to 13/6/2005G), authorized the conversion of the Company from a limited liability company into a joint stock company. The share capital of the Company is SAR 750 million consisting of fifteen (15) million shares with a nominal value of SAR 50 each. Following completion of the Offering (as defined below) and the conclusion of the Conversion General Assembly, an application will be submitted to the Minister of Commerce and Industry requesting him to announce the conversion of the Company. The Company will be considered duly converted into a joint stock company from the date of issuance of the Ministerial Resolution declaring its conversion. The Initial Public Offering (the “Offering”) of 4,500,000 shares (the “Offer Shares”) with a nominal value of SAR 50 each, all of which are fully paid, and representing 30% of the issued share capital of Almarai, is directed at and may be accepted by Saudi nationals only. The Offer Shares...

Words: 51292 - Pages: 206

Premium Essay

Qatar Oil& Gas

...www.businessmonitor.com Q4 2012 QataR oil & Gas RepoRt INCLUDES BMI'S FORECASTS issN 1748-4189 published by Business Monitor international ltd. QATAR OIL & GAS REPORT Q4 2012 INCLUDES 10-YEAR FORECASTS TO 2021 Part of BMI's Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: September 2012 Business Monitor International 85 Queen Victoria Street London EC4V 4AB UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2012 Business Monitor International. All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting...

Words: 24143 - Pages: 97

Premium Essay

Defeating Daesh

...Defeating the Islamic State: Both Short-term and Long-term Counter Strategies for the Proto-State and its Ideologies Christopher J. Minchin Norwich University FIRST DRAFT SOCI 401A Culture and Anthropology February 16, 2016 Tracey Poirier Source: The Institute for the Study of War (ISW) and the Critical Threats Project (CTP).), Jan, 2016. “If you know the enemy and know yourself you need not fear the results of a hundred battles“ –– Sun Tzu, Chinese philosopher and military strategist, around 500 BC. “Our terrorism against America is blessed terrorism.” –– Osama bin Laden (on video) “The acme of this religion is jihad.” — Osama bin Laden (Bergen, 2001, p. 41) Many have asked, “what can we do to defeat the Islamic State of Iraq and al-Sham (ISIS)? ” There have been a variety of suggestions from airstrikes, isolation , establishing a national unity government in Iraq to the feasibility of a counter-offensive using 'local' militia's and only as a last resort U.S. Boots on the ground. These are all worthy ideas; however, it is imperative to get a fundamental understanding of what has caused this problem because ISIS is growing and becoming stronger (even though current air strikes and counter-offensives have been successful). Before a decision can be made a rigorous analysis is necessary, a sociological analysis, so that the United States and the rest of the world can determine what must be done regarding ISIS and why. (Thesis):...

Words: 20913 - Pages: 84

Premium Essay

Automotive

...Executive Summary Introduction The Changing Nature of Global Manufacturing The Changing Nature of Supply Chain Global Automotive Production & Major Players Automotive Production in the Middle East GCC Automotive Sector GCC Economic Outlook-Macro-economic Indicators GCC Macro-economic Indicators GCC Auto Industry SWOT Outlook for GCC Automotive Sector GCC Competitive edge Vehicle Assembly in GCC GCC Source of imports GCC Highlights-Foreign trade in Automotive sector UAE Automotive Sector UAE Auto Industry SWOT UAE Economic SWOT UAE Business Environment SWOT UAE Automotive Sector trade Automotive Manufacturing in UAE Low cost and Luxury car market in UAE Used Car Market in UAE After- sales Business in UAE Car Rental Market in UAE Rationale for setting up projects in RAK Identified Projects UAE Auto Industry Forecast Scenario Automotive Products & Free Trade Agreements About Ras Al Khaimah About RAK Investment Authority References Annexure I II III IV V-A V-B VI-A VI-B VII VIII IX X World Motor Vehicle Production By Country And Type In 2008 World Ranking of Vehicle Manufacturers In 2008 UAE Imports & Re-exports of Vehicles in value term List of Automobile Component Manufacturers in GCC UAE Trade figures on components 2006-1008 In value term UAE Trade figures on components 2006-1008 In Numbers UAE Trade on Tyre & Tyre Products-2008 UAE Trade on Tyre & Tyre Products-2007 Key Global Tyre Manufacturers Contact Details UAE Trade on Vehicle Battery (Accumulators)-2006-2008 UAE Trade on Electrical...

Words: 31801 - Pages: 128

Premium Essay

International Business

...Furthermore, the world witnessed a radical transformation during the past two decades. The greatest economic experiment of the twentieth century was the movement from communism to a market economy, which began in Mikhail Gorbachev’s Russia in the mid-1980s, and then spread to Eastern Europe at the beginning of the 1990s and to China later on during the same decade. Although the transition to a free market has led to disappointing outcomes, most Eastern Europe countries have concentrated on integrating their economies with Europe and on becoming part of the EU. All these events led to the world becoming more and more global in nature and to defining globalization as a closer economic integration among nations through increased trade and capital flows. It also refers to labor movement and technology transfer across international borders as well as cultural and political issues, which are beyond the scope of this chapter. Globalization is the result of technological processes occurring mainly in the areas of information technology, telecommunications, energy, transport, and biotechnology as well as a shift in economic policies. In this chapter a number of international organizations, such as the WTO, the IMF, and the World Bank were presented and their role in terms of globalization and economic integration issues described. In the course of all these developments, “economic integration,”...

Words: 8839 - Pages: 36

Premium Essay

The Impact of Crs on Profitability

...`çêéçê~íÉ=pçÅá~ä=oÉëéçåëáÄáäáíó=áå= íÜÉ=eçíÉä=fåÇìëíêó=Ó=^=`êçëë= `ìäíìê~ä=mÉêëéÉÅíáîÉ= qÉêÉë~=kçêÇ Miljö och hållbart företagande Magisteruppsats 2006:4 Centrum för tvärvetenskaplig miljöforskning Vår välfärd bygger på att samspelet mellan människa, samhälle och natur fungerar. Forskning om hur samhället vårdar basen för sin välfärd, och når hållbar utveckling, kräver kunskap från flera områden. Därför finns Centrum för tvärvetenskaplig miljöforskning, CTM. CTM är ett fristående centrum vid Stockholms universitet som verkar för samarbete över fakultetsgränserna. Vi samarbetar med alla institutioner vid Stockholms universitet som bedriver miljörelaterad forskning. CTM utvecklar tvärvetenskapliga utbildningar, samordnar större forskningsprojekt och informerar omvärlden om universitetets miljöforskning. Centrum för tvärvetenskaplig miljöforskning hette tidigare Centrum för naturresurs- och miljöforskning, CNM, och har funnits vid Stockholms universitet sedan 1990. Hemsida: www.ctm.su.se STOCKHOLM UNIVERSITY Centre for Transdisciplinary Environmental Research Sustainable Enterprising Master’s Thesis (20p) CORPORATE SOCIAL RESPONSIBILITY IN THE HOTEL INDUSTRY: A CROSS CULTURAL PERSPECTIVE TERESA NORD Academic Advisor: Hans Rämö Stockholm University School of Business Master’s Thesis (20p), Fall 2006, Stockholm University ABSTRACT Attention to business ethics in varying environmental, economic and cultural contexts has become increasingly important as...

Words: 19753 - Pages: 80

Premium Essay

Angola Trade Study

...1 The Impact of China-Africa Trade Relations: The Case of Angola By Dr Ron Sandrey Associate Trade Law Centre of Southern Africa Prepared for the African Economic Research Consortium Nairobi, Kenya November 2009 2 Acknowledgements The author would like to thank Hannah Edinger, Research Fellow, China Africa Network, Centre for Business and Academic Research, Gordon Institute of Business Science, University of Pretoria; and Senior Manager & Head of Research at Frontier Advisory, for comments on a previous draft, and for research and editorial assistance. The author would also like to express gratitude to the African Economic Research Consortium for commissioning the research paper. 3 Table of Contents 1. Introduction……………………………………………………………………. 4 1.1 Problem Statement…………………………………………………………………... 4 1.2 Objectives of Report……………………………………………………………….… 5 1.3 Overview of Report……………………………………………………………….….. 7 2. Background………………………………………………………………….… 9 2.1 Angola & China Country Snapshots and the background trading relationship………………………………………………………………………….… 9 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.1.6 2.1.7 2.2.1 2.2.2 2.2.3 Angola – A Country Snapshot………………………………………………………….…. China – A Country Snapshot……………………………………………………………… Angola’s trade profile………………………………………………………………………. Angola’s trade profile with China…………………………………………………………. Angola’s other trade partners……………………………………………………………… Who are the gainers and losers from Angola’s increasing merchandise trade flows...

Words: 27003 - Pages: 109

Premium Essay

Dvances in Management Accounting Research over the Last 30 Years.

...The Journal of Applied Business Research – July/August 2010 Volume 26, Number 4 A New Look At Management Accounting Mohammad Talha, King Fahd University of Petroleum & Minerals, Saudi Arabia John B. Raja, Multimedia University, Melaka, Malaysia A. Seetharaman, S P Jain Center of Management, Singapore ABSTRACT This paper presents a comparison of the traditional management accounting with the new approach of management accounting with the use of latest information technology and manufacturing technologies. The information and data of the research were gathered from various sources of secondary data. Many online articles and journals were available through these search engines such as Google, Infoseek, Lycos, Excites and Altavista. These articles were downloaded from Internet Websites including IFAC library, CPA online newsletters, Institute of Management Accountants, CIMA (Chartered Institute of Management Accountants), Technical Bulletin and Institute of Commercial and Financial Accountants. The modern techniques used in Management Accounting are discussed. TQM (Total Quality Management), ABC (Activity Based Costing) and BSC (Balanced score card) are some of the tools that are introduced in management accounting to keep up with the latest technology. This research highlights the emergence of new, more proactive management accounting that increasingly becomes part of the management team with the business process. The future roles and expectations of these accountants in...

Words: 8445 - Pages: 34

Free Essay

Khoabnamap Study About Religion

...IN CONTEMPORARY SOUTHEAST ASIA ISLAMIC STUDIES AND ISLAMIC EDUCATION i ii IN CONTEMPORARY SOUTHEAST ASIA ISLAMIC STUDIES AND ISLAMIC EDUCATION Editors KAMARUZZAMAN BUSTAMAM-AHMAD PATRICK JORY YAYASAN ILMUWAN iii Perpustakaan Negara Malaysia Cataloguing-In-Publication Data Islamic studies and Islamic education in contemporary Southeast Asia / editors: Kamaruzzaman Bustamam-Ahmad, Patrick Jory ISBN 978-983-44372-3-7 (pbk.) 1. Islamic religious education--Southeast Asia. 2. Islam--Education--Southeast Asia. I. Kamaruzzaman Bustamam-Ahmad. II. Jory, Patrick. 297.77 First Printed 2011 © 2011 Kamaruzzaman Bustamam-Ahmad & Patrick Jory Publisher: Yayasan Ilmuwan D-0-3A, Setiawangsa Business Suites, Taman Setiawangsa, 54200 Kuala Lumpur, Malaysia. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means – for example, electronic, photocopy, recording – without prior written permission of the publisher. The only exception is brief quotations in printed review. The opinions expressed in this publication is the personal views of the authors, and do not necessary reflect the opinion of the publisher. Layout and cover design: Font: Font size: Printer: Hafizuldin bin Satar Goudy Old Style 11 pt Gemilang Press Sdn Bhd iv ACKNOWLEDGEMENTS T his book grew out of a three-day workshop jointly held by the Regional Studies Program, Walailak University, and the Department...

Words: 104903 - Pages: 420

Free Essay

Strategic Implications from the People’s Republic of China’s Influence in the Americas: Potential Consequences Facing the United States, Brazil &Venezuela

...Influence in the Americas: Potential Consequences facing the United States, Brazil &Venezuela Abstract This research seeks to examine the strategic implications facing the United States of America’s due to its benign interest in the Caribbean and Latin America (Americas) given the People’s Republic of China (China) increasing economic interest in the region. It is intended to first define the current security environment of the Americas and the relations between Brazil and Venezuela with that of the United States of America (United States) and China. Thereafter, China’s economic and domestic agenda in the Americas will be examined with hypotheses of the emerging global power potential growth success, challenges or possible collapse in her foreign policy. The likely consequences facing Brazil, Venezuela and the United States will also be examined. The assessment will be done across a continuum of China’s realized economic growth, development of hostile relations due to competition for scarce energy sources or possible collapse due to the country’s internal problems. Finally, the research seeks to encourage proactive thinking by the United States on China’s increasing political and military influence in the region and its possible underlying agenda of becoming the next global super power or hegemony. Introduction A general perception persists in the Caribbean and Latin America that the United States is disinterested in the security of the region with its emphasis...

Words: 9457 - Pages: 38

Free Essay

International Journal of Education and Development Using Information and Communication Technology

...Development using Information and Communication Technology (IJEDICT), 2008, Vol. 4, Issue 1, pp. 49-65. The Internet in developing countries: a medium of economic, cultural and political domination Abdulkafi Albirini University of Illinois at Urbana-Champaign, USA ABSTRACT The last decade has witnessed an unprecedented diffusion of network technologies into developing countries. The technological discourse attending this diffusion has presented the new media as a utopian, egalitarian and empowering tool with the potential of ushering in a new era of development, democracy, and positive cultural change. This paper examines the economic, cultural, and political effects of the Internet within the historical context of developing countries. The paper traces the politically-inspired evolution of the Internet, its transfer into developing countries, and the economic, cultural, and political consequences of this transfer. Existing data indicate that the implementation of the Internet in most developing countries has served as a drain to the local resources, thus exacerbating their economic dependency on foreign nations. On a cultural level, the Internet’s predominantly Western design, content, and language have facilitated the proliferation of alien cultural patterns at the expense of the social experiences of the local cultures. Lastly, the Internet’s build-in tracking capabilities and its current manipulation for political purposes on international and national levels serves to...

Words: 9084 - Pages: 37

Premium Essay

Fund Management

...OCP REPORT A COMPARATRIVE STUDY ON UTILIZATION OF FUNDS BETWEEN A CONVENTIONAL BANK AND AN ISLAMIC BANK: A STUDY BASED ON TRUST BANK LIMITED AND ISLAMI BANK BANGLADESH LIMITED (TBL & IBBL) (This OCP report has been prepared for the partial fulfillment of the degree of Bachelor of Business Administration with a major in Finance & Banking) Supervised by: Mr. Serajul Islam Assistant Professor Department of Business Administration International Islamic University Chittagong Prepared by: Md. Kamrul Hasan ID: B081030 Major: Finance & Banking Program: BBA OCP Duration: March-April 2012 Submission Date: _______________________________ Signature of the Supervisor Department of Business Administration Faculty of Business Studies [pic] Letter of Submission Date: To The Dean Faculty of Business Studies International Islamic University Chittagong Subject: Submission of OCP report Dear Sir, With due respect, I have the honor to submit the OCP report prepared on “A comparative study on utilization of funds between a Conventional bank and an Islami bank (A study based on TBL and IBBL)” as per the requirement of my Bachelor of Business Administration (BBA) program which may kindly be accepted favorably. It is to be mentioned that I have been working on the credit management and fund management of Trust Bank Limited and Islamic Bank Bangladesh Limited through collecting data from books, record and internet. It would...

Words: 10456 - Pages: 42