thereon to the Deutsche Bank account as initially instructed. On the other hand‚ Dresdner wished to set off the debt it was owed by the Government of the Kingdom of Saudi Arabia‚ by the equivalent held in SAMA’s account as it viewed SAMA as an arm of the Ministry of Finance and National Economy of the Kingdom of Saudi Arabia (“MOF”). Relevant Facts On the 10 October 2002‚ SAMA instructed Dresdner to transfer a sum of roughly €292 million from its account to SAMA’s account held at Deutsche Bank‚ Frankfurt
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questions The German taxpayer had to bail out state-owned banks after their managements recklessly gambled away billions on subprime investments. Several state-owned banks had to be rescued at the expense of the German tax payer: Bayern LB‚ West LB‚ IKB Deutsche Industriebank‚ and Sachsen LB. The crisis‚ which originated in the US‚ brought the whole of the German banking sector under pressure. But why were the state banks more affected than the private banks? The technical reason is obviously their bigger
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The Degenerate Art Exhibition and the Great German Art Exhibition Since early history and until today‚ Art has been one of people’s ultimate ways of expression and communication. However‚ and due to numerous atrocities‚ artists have long suffered from criticism‚ ridicule and even oppression. Perhaps one of the most known examples of such injustices is the Degenerate Art exhibition which was hosted in Germany in 1937 and aimed to label the works displayed in it as degenerate‚ corrupt and impure. Contrariwise
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Stock Trading Center of Vietnam using the Bank of Investment and Development of Vietnam (BIDV)‚ a state-owned commercial bank. Several other domestic banks and securities companies have been authorized to accept custody of securities‚ with HSBC’s and Deutsche bank’s Ho Chi Minh City branches and five branches of other well- known foreign bank as HSBC‚ Citigroup‚ Destche Bank‚ Stankard Chartered Bank… providing custody services for foreign investors. Custody is based on a central depository‚ central registry
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Networking profile Results-driven and versatile MBA with over ten years of work experience in marketing‚ operations‚ business development‚ international business and logistics. Adept in conducting marketing research‚ identifying and rationalizing business opportunities‚ and developing marketing strategiesy. Dynamic marketing professional committed to strong work ethic and to establishing and maintaining strong business relationship with business partners based on integrity and trust. Now sSeeking
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Focus Theme Business Models for Electronic Markets by Paul Timmers‚ European Commission‚ Directorate-General III‚ April 1998* Abstract Electronic commerce over the Internet may be either complementary to traditional business or represent a whole new line of business. In either case‚ in view of the new features of the Internet‚ critical questions to be answered include: ♦ what are the emerging business models; and related to this‚ ♦ which strategic marketing approaches are applied‚ or emerging
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products that comply with the basic precepts of Shari’ah law. The broadening appeal of Islamic finance is also evident with the move of large international banks such as Hong Kong and Shanghai Banking Corporation‚ Standard Chartered‚ Citibank and Deutsche Bank and other private sector financial institutions to structure and provide Islamic financial products and services. This includes the establishment of exchange-traded funds that are screened to ensure their conformity with Islamic investment principles
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people’s courage‚ misery‚ and hope. The etchings were present to the public in 1898‚ and receive positive reviews. Kollwitz was nominated by Adolf Menzel‚ who was considered the most important artist in the country‚ for the gold medal of the Große Deutsche Kunstausstellung in Berlin. Even though‚ the work wasn’t approved by Kaiser Wilhelm II‚ The Revolt of the Weavers was awarded with the gold medal year later by the King of Saxony. Kollwitz’s next most important series of drawings was the Peasant
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Adolf Hitler Background: Adolf Hitler’s rise to power began when he joined the political party known as the deutsche arbeiterpartei. After WWI‚ Germany had been hit hard by the worldwide economic depression. Millions of people lacked jobs and were losing confidence in their government. This helped hitler to rise to power through the power of his voice and manipulation. His powerful voice attracted the spirits of the german people‚ creating a new group known as the Nazi’s. Hitler promised the people
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An Empirical Test of German Stock Market Efficiency A Master Thesis submitted by Lindsay Gillette (188816) to Prof. Dr. Wolfgang Härdle in partial fulfillment of the requirements for the degree of Master of Science C.A.S.E. – Center for Applied Statistics and Economics Institute for Statistics and Econometrics Humboldt-Universität zu Berlin Berlin‚ Germany September 13‚ 2005 II Declaration of Authorship I hereby confirm that I have authored this master thesis independently and without
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