Nahid afrose kabir 1 he arab spring was a civil uprising mainly of arab youths in tunisia and egypt which commenced in december 2010 and january 2011 respectively. Statement on the situation in egypt to the permanent council, vienna february 3, 2011 after days of peaceful protests in cairo and other cities in egypt, yesterday we saw violent attacks on peaceful demonstrators and journalists. Pdf merger and acquisition activity in the middle east and. Merger and acquisition activity in the middle east and a fourcountry comparison article pdf available in international journal of commerce and management 1. Momani the arab spring can bring a demographic dividend. A merged body as of 2010 of societe nationale dinvestissement sni and ominum nord. In libya, the alliance of national forces defeated the local mb in the 2012 elections. Egypt has various economic sectors and the construction industry definitely among the largest ones. The arab spring of 2011 ignited not just egypts society and political landscape. Cibc cm, privatebancorp pvtb amend merger agreement for.
An analytical study on value creation in indian bank mergers 109 cornett also finds a high correlation between positive market reaction and improvement in post merger return on assets roa. American chamber of commerce in egypt 33 soliman abaza street,dokki12311 cairo egypt tel. Egypt increased tariffs on several types of goods in 20. In egypt, bps business is primarily in oil and gas exploration and production. In july 2000, the eea was converted into a holding company, though still owned by the state. The arab spring in egypt religious literacy project. Egypt is currently the 43rd largest export market for u. The economics of the arab spring and its aftermath world bank.
The arab republic of egypt african development bank. Essays in corporate mergers and acquisitions by qianying xu a thesis submitted in partial fulfillment of the requirements for the doctor of philosophy degree in business administration in the graduate college of the university of iowa may 2015 thesis supervisor. Y iqor advised and assisted the client on its merger with receivable management services india private limited. Arab spring affected countries suffered even more due to the 2008 economic crisis. An analytical study on value creation in indian bank mergers. Exploring improvements of post merger corporate p erformance.
The sample comprise of two companies that are listed in the nse at the time of the merger, kenolkobil and total. The freedom house reported the tunisian consolidation of democracy as. The impact of mergerrelated regulations on the shareholders of acquiring. Redefining the social contract in the wake of the arab spring.
Pdf this paper advances the proposition that postarab spring. Establishment of eastern africa power pool eapp on february 24, 2005 seven african countries congo, egypt, ethiopia, kenya, rwanda, burundi, sudan signed a mou. Pdf exploring improvements of postmerger corporate. A statement that the plan of merger was approved by each domestic limited liability company that is a party to the merger in accordance with the provisions of. Egypt concession amendments and nooros press releasena. Since 2011, egypt has witnessed protests, political turnovers, sporadic violence, and waves of repression. Egyptian revolution, also known as arab spring or arab uprising, was a shock for international community because egypt has been seen as one of the strongest military state in north africa region. Bp is working to meet egypts domestic market growth by actively exploring in the nile delta and investing to add production from existing discoveries. This paper analyses three distinct phases of social contracts in egypt, morocco and tunisia. Dissatisfaction with government services in arab spring. Sprint is said to be pursuing a merger with charter communications to create a media and telecom powerhouse. Going through the insight of a typical merger process between two banks, this paper shall throw light upon implications of mergers in banking sector of india. We also feel that it is critical to set out the proactive approach adopted by egypt to international cooperation, transfer of technology, and regional energy integration.
Weide, lakner, and ianchovichina forthcoming then combine the top. Attorney general meets egyptian authorities in cairo. This law provides general guidelines for merger control, covering aspects such as the procedure and the sanctioning regime. Momani the arab spring can bring a demographic dividend 08. Main developments between 1 january and 30 april 2007 1 mary loughran and john gatti introduction the level of notifications continued at record levels with a total of 22 transactions being notified to the commission in the period january 30 april 2007. Likewise, egypt, the 2008 top performer of the world bank and its international financial corporation ifc. Mergers and acquisitions archives page 3 of 21 indiacorplaw. Pilloff and santomero 1997 conducted a survey of the. Egypt memorial park po box 37 coplay, pa 18037 egypt memorial park website please visit us at. Bank and egypt is evolving, we believe it is important to take stock of the key challenges facing the sector. Once it opened its doors to economic liberalization and foreign investments, the region failed to achieve inclusive economic growth.
That is good for business and investors bessma momani university of waterloo abstract for decades the arab middle east was seen as resisting economic liberalization. Life in egypt has changed, and changed a lot, since the time when grand temples and statues were built to worship its kinggods. Egypt memorial park po box 37 egypt memorial coplay, pa. The mou covers issues such as members, obligations, organizational structure, resources, arbitration and enforcement. This brief overview should, we hope, shed light on some of the key. Since 2011, the oag has been conducting a criminal investigation based on suspicions of money laundering art. The purpose of this study was to establish the effects of mergers and acquisitions on shareholder wealth of listed petroleum companies in kenya.
Nassers legacy, the egyptian arab spring and its aftermath. Sahara printing company,sae nasr city free zone rachel scheier. The list is endless, when we talk of issues related. This merger is the idea of masayoshi son, the founder and ceo of tokyobased telecom. Egypt this guide lists online and print sources for what has become known as the arab spring, the popular revolutionary wave in the middle east and north africa that started in december 2010. Companies during pre and post merger analyzed 17 companies as a sample out of 58 to study the impact of merger on the performance in indian manufacturing sector from 2000 2002.
Egypts 2014 presidential election law page 2 of 46 applicants will be considered official candidates once the pec has completed investigating and verifying the documents. Exploring improvements of postmerger corporate p erformance. Egypts power sector is currently comprised of seven regional stateowned power production and distribution companies that are held by the egyptian electricity authority eea. Pdf on jun 1, 2018, mohd irwan syazli saidin and others published rethinking. Inefficiencies grew during the first postmerger year but the results were inconclusive during the subsequent postmerger years. Dominated transition to democracy in egypt after the arab spring. Doing business in egypt market overview market challenges market opportunities market entry strategy market overview return to top at 78. A merger is expected to create value if the combined value of the bidder and target banks increases on the announcement of the merger. Our work included conducting a due diligence over the egyptian subsidiary of target company in singapore and advising on the legal regime governing business in egypt. Today, egypt is a developing north african country of over 60 million people facing new challenges as it moves through the 21st century. Linder and crane 1992 find that interstate mergers do not result in improved operating income relative to comparably located banks. In egypt, protests and strikes began on january 25, 2011 national police day and lasted for 18 days, bringing.
Later, similar rebellions followed in libya, bahrain, syria and yemen. First, the instauration and eventual consolidation of political democracy. It also lit touchpaper on the bonfire that has become its new tech startup ecosystem. Egypt memorial park po box 37 egypt memorial coplay, pa 18037.
A statement that the plan of merger was approved by each domestic limited liability company that is a party to the merger in accordance with. To date, bp egypt, in collaboration with the gulf of suez petroleum company gupco, bps joint venture. Similarly ghosh 2001 investigated whether operating cash flow performance. In egypt, libya, tunisia, and the republic of yemen, the. The arab spring refers to a period of protests beginning on december 18, 2010 in tunisia, which quickly spread to numerous other arab nations and resulted in regime change in tunisia, libya, egypt, and yemen, and repression andor violence in syria, bahrain, sudan, and elsewhere.
Merger activity keeping up in 08 august 25, 2008 issue. By the end of the 1950s, most arab countries had gained their independence. Law 40 also empowers the superintendence of industry and commerce sic. The case of egypt 1 1 variables in the literature on the performance of the merged firms. The population comprised of the listed petroleum companies in kenya. According to world market intelligence, 2011 a period of time was characterized by a financial crisis and weak economies. Jul 29, 2017 sprint is said to be pursuing a merger with charter communications to create a media and telecom powerhouse. Ram manohar lohiya national law university in lucknow india contemplates an ex ante merger control regime under the competition commission of india procedure in regard to the transaction of business relating to combinations regulations, 2011 combination regulations. Eastern africa power pool united states energy association. This paper advances the proposition that postarab spring politics are a. Algeria, egypt, libya, sudan, syria, tunisia, and yemen among others. Result showed a positive impact on the performance.
Sprint said to be pursuing merger with charter communications. Mergers and acquisitions across middle east roar in q1 the. By deploying ratio analysis, kemal 2011 examined the postmerger financial performance of. Anyone interested in volunteering, please contact us at 6102629841 and leave a message. Merger control triggers and thresholds in colombia lexology. An analytical study on value creation in indian bank mergers 109 cornett also finds a high correlation between positive market reaction and improvement in postmerger return on assets roa. The second issue identified above is the analysis of merger gains in terms of stock price performance of the bidder and target banks on announcement of merger. The role of information communication technologies in the arab spring pdf.
Later on tanzania, djibouti and uganda joined the eapp. In libya, the alliance of national forces defeated the local mb in. This briefing paper analyzes the new law on presidential elections. The date the plan of merger was approved by each domestic limited liability company that is a party to the merger.
The impact of this latest egyptian revolution is, however, conditioned by the. Libya, egypt, yemen, syria and bahrain, where either the regime was toppled or major. Egypt has several privatelyowned power plants currently under. Apr 02, 2018 320 east 53rd street suite 100 new york, ny 10022. Mar 02, 2015 the arab spring of 2011 ignited not just egypts society and political landscape.
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