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The most imperative features of the up to date world’s development is the globalization of the world economy. It tends to result in the high level of the national economies’ interdependence. The whole world becomes an arena for the activities of the foremost transnational corporations (which are generally referred to as TNCs). Along with that, […]

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Abu Dhabi Islamic Bank (ADIB) was formed as a public joint stock on May 20, 1997.The business entity conducts its activities according to Sharias law and principles set by the Central Bank of the United Arabs Emirates. Abu Dhabi Islamic Bank began its operation with a paid-up capital of one billion dirhams with a value […]

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Governments play major roles in the economy and have a powerful effect on the stabilization and the growth of any given economy. To achieve steady and sustainable growth, the government uses different tools to influence a nations economic activity (Mankiw, 2012). Amongst these tools, the most widely recognized are the monetary and fiscal policy. Monetary […]

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Gulf Cooperation Council (GCC) is an alliance created for political and economic reasons among the Middle Eastern countries. Its members include the United Arab Emirates, Bahrain, Kuwait, Saudi Arabia, Qatar, and Oman. This council was formed to foster unity among the member countries since they had the same political and cultural believes based on their […]

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Attempts to reform state and local tax systems in the U.S. appear to be similar to a perpetual occasion. The tax systems of the country are in numerous cases the artifact of the old times, which are poor-designed in regards with the actualities of the current state economy. The last decades vividly demonstrate that state […]

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According to the world-systems analysis by Immanuel Wallerstein (2004), Greece belongs to periphery of the world trade system. At that point, Dr Wallerstein had foreseen the economic troubles for Greece in 2015, when the country was close to declaring bankruptcy in the face of the International Monetary Fund and its $1.7 billion loan (Liakos). Modern […]

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