Investment

The first user of the A380 (innovative and enterprising company) | * High prices (very specific market segment) * Presence only in capitals (due to their positioning, they can’t be implemented locally) * High cost level (Entry and renewal investments are important: limit and slowdown the creation of new lines) * Difficulty for international coordination (different areas, cultures, management types…) | Opportunities | Threats | * Globalization: the international transport demand has

10 Renforcement de la participation de la Banque dans le capital de Bank of Africa de 35% à 42,5% 2007 Acquisition de 35% du capital de Bank of Africa Obtention de l’agrément FSA par MediCapital Bank 2006 Obtention du rating “Investment Grade“ sur les dépôts bancaires en DH, attribué par l’agence de rating internationale Moody’s. Certification ISO 9001 des activités de Financements de Projet et de Recouvrement. Obtention du titre “Bank of the Year – Morocco”, pour la 5ème fois

décembre 2012 est déjà presque atteint, avec six mois d’avance. Le produit net bancaire s’établit à 10 098 millions d’euros, en recul de 8,0% par rapport au deuxième trimestre 2011. Les revenus sont en hausse dans Retail Banking (+0,5%2) et dans Investment Solutions (+2,2%) mais sont en recul de 23,6% dans CIB compte tenu d’un contexte de marché difficile et de la réduction des encours en ligne avec le plan d’adaptation. Les frais de gestion, à 6 337 millions d’euros, baissent de 4,0% grâce aux actions

funds cannot be obtained (hard capital rationing). cash flow statement A statement that summarises the inflows and outflows of cash for a period, classified under the following standard headings (FRS 1): • • • • • • • operating activities returns on investment and servicing of finance taxation investing activities liquid funds equity dividends financing. cash interest cover Net cash inflow from operations plus interest received, divided by interest paid, calculates the number of times the interest

islamiques. On mentionnera à cet égard la Nasser Social Bank, la Jordan Islamic Bank, l'Islamic International Bank for Investment and Development en Egypte ainsi que des banques au Bangladesh, aux Philippines, en Afrique du Sud, en Australie et en Grande-Bretagne. On trouve un second groupe dans les pays du Golfe: la Dhubaï Islamic Bank, la Kuwait Finance House, la Bahrain Islamic Investment Company. Les banques les plus anciennes ont pris une petite participation dans les banques nouvellement créées (la

process when investor notifies an arbitration body that it is ready to commence arbitration under NAFTA Chapter 11. The two venues for the adjudication of NAFTA Chapter 11 disputes are the World Bank’s International Center for the Settlement of Investment Disputes (ICSID) and the United Nation’s Commission on International Trade Law (UNCITRAL). Corporation or Investor Venue Damages Sought (U.S.$) Status of Case Issue Cases & Claims Against the United States Loewen Oct. 30, 1998*

the new entrants The accession to the EU has provided an economic stability to the countries. This part will present you a general overview of the economical consequences of the accession, and will particularly focus on the evolution of investment in the new members. 1. Trade The enlargement has permitted to increase the trade between EU-15 and EU-10-, as they can now sell their products not only within EU-10 but also in the whole EU. This is to the result of the Schengen Agreement

destination. That’s why forecasting of such events are essential to anticipate the demand. • Tourism supply requires large, long lead-time investments in plant, equipment and infrastructures Big investments such as, construction of a new hotel, construction of a new airport, creation of a new line for an airline company, represent considerable financial investments. Such projects take years to succeed. That’s why demand needs to be anticipated correctly. ➢ Uses of tourism demand forecasting The

Depuis sa création, le Fond Koeitien Kia Investment Authority (KIA) est présent, faisant preuve d’une dynamique d’investissement diversifiée dans le monde et spécialement dans les marchés arabes émergents. Conscient du potentiel économique du Maroc, il a été décidé, en novembre 2006 de créer la société d’investissement Al Aljial Investment Fund, avec un capital de départ de 1.7 milliards MAD. Conforté par le succès enregistré par la société depuis sa création mais aussi compte tenu des perspectives

employment impact of increasing trade depends on the interaction between productivity growth and output growth both in traded goods sectors and in non-traded sectors. When a developing country opens its borders to foreign capital, Foreign Direct Investments generate positive employment impacts both directly and indirectly through job creation within suppliers and retailers and also a tertiary employment effect through generating additional incomes and so increasing aggregate demand. Globalization