Sexuality and identity Essay Example | Topics and Well Written Essays - 2000 words

Sexuality and character - Essay Example There is have to furnish them with valuable learning materials, administrations and the chance to feel some portion of the general public. The absence of fitting sex instruction in Jake’s previous existence is the principle fixing of the training framework that he has experienced. By differentiate the nearness of just hetero exercises which endeavor to address the necessities of the network has brought about gay individuals like Jake being named as ‘abnormal’. As Hoshall (2013) has contended, the delaying to incorporate sex instruction for the gay network (the nonattendance) has set off the ‘presence’ of names, disdain and transfer of any semblance of Jake as semi-human in the public eye. Defenders of sex training contend that the consolidation of gay issues into such projects would restrict homophobic terrorizing, improve the government assistance of gay network, and cutoff instances of disengagement that influence gay understudies (Williams, Prior and Wegner, 2013). Jake’s transfer from the social circles of life, which is to be faulted for loss of fearlessness would have been settled through resistance programs for gays at school (Yip et al, 2013). Regardless, his enduring could have been the aftereffect of the ‘superiority’ of heteros and sex instruction programs for the network instead of gays. As indicated by Byrd (2011), the ‘weird’ programs for gays may have been racked to maintain a strategic distance from a political recognition on students that could veer off their deduction from as far as anyone knows moral lifestyles. Gay sex training is starting at now excluded from many learning programs. This circumstance has thrown Jake in awful light. Studies have additionally demonstrated that influenced understudies for the most part don't discover current sex training programs for gays to be fitting (Woodford et al, 2012). Jake is one such case; he has called attention to that the entire learning condition including educators, individual understudies, and the quick network have had clashing recognitions on the

The Scafolding Vs. The Forest Essay -- essays research papers

Nathaniel Hawthorne's The Scarlet Letter, a dim story of wrongdoing and recovery, fixates on the little Puritan people group of Boston during the seventeenth century. In the focal point of this clamoring network is the commercial center. With in it are altogether the focal highlights of the town, the most emblematic of these is the framework. Numerous a spirit is scarred upon this framework. It is a position of extreme investigation and upon it, reality comes into a severe light. In uncommon differentiation to the platform is the woodland past the town. Here, there is no judgment and reality comes and goes. Hawthorne makes this spot for the characters to get away and themselves without restriction or stress. The examination is clear: the commercial center, particularly the framework, speaks to the unforgiving truth of Puritan culture and the woods gives escape. The framework is the focal point of analysis. Here, any tragic soul to climb the steps is dependent upon the shallow assessment by the eyes of society. Those underneath the framework see a light of the character misshaped by their own jealousies and doubts, and obfuscated by tattle. Where reality might be unsatisfactory to them, it is subbed by things society pressured them to accept. Those on the framework experience reality. The main solace is the capacity to see past the town from this malevolent platform. As Hester invests her distributed energy at the center of attention, her psyche escapes as she looks off into the separation. In any case, while some can get away, others, for example, Dimmesd...

How A Manger Lead The Change Brought By Reorganization - 1925 Words

How A Manger Lead The Change Brought By Reorganization (Term Paper Sample) Content: CHANGE MANAGEMENT PLANProfessors nameDateInstitutionHow a manger lead the change brought on by reorganizationIntroduction Every manager who comes in a new organization should have a strategy that must be implemented by all the employees for the eye of achieving organizational goals and objectives. As a new manager in my department dealing with sales and marketing, I will consider the following as a way of leading the change brought about by reorganization.Create a planThe first step before leading change as a manager I will create a plan within my department. Every business requires changes and must adhere to those changes in order to survive. If a business does not experience changes it is a clear indication that it is not technologically improving and no new innovations (Goldstein, 2014). This may make the business to collapse because customers are not well served with quality products. The main aim of having a strategic plan is to ensure strategic update of the ar eas of need and to critically understand the current situation of the company as well as where it needs to be after a certain period of time.CommunicationAs a manager leading change in sales and marketing department, communication will very crucial. As a manger I believe that organization must maintain regular, strong and clear communications with my staff before, during and after the change process. Communication is a strong pillar that encourages trust between the team working towards achieving better sales in the market. Its through communication that new ideas are welcome from all levels and information is able to be shared within the department and will be used to determine whether the promises made are delivered.Identification of key playersTo lead the change in a department as a manager, identification of key players will be crucial. I understand that people will react in different ways during transformation but my duty as a manager will be selecting few individuals to help m e advocate for change. The function of the key players is to be as my instruments, encourage all employees to participate and to help sustain their morale of being involved in a change process. Delegating of tasksDelegation of tasks is another way of leading change brought about by reorganization. A manager leads from the front but he can never implement changes alone. In sales and marketing department a lot activities needs to be implemented to help achieve the goals and objectives thus profits and stability. Manager delegate duties example, collection of essential information from the potential customers is a task done by employees in order to make strategy decision making (Tichy, 2013). My duty as a manager in the period of change is to provide support and guidance to employees as they take their responsibilities. Delegating tasks to employees during change will open to easy accountability of people. Employees are well accounted for on the basis of the equipments, talent, resourc es and responsibilities within the department.Culture and behavioural trainingAnother way of leading change within the department is considering culture and doing behavioural training. Training is the most important aspect that will help a manager lead employees in organizational changes. This provides a know how to employees on the new work stations and equipments for the purpose of avoiding resistance. Through training, those who used to work in the department are able to avoid cultural shocks that may arise from changes.Keeping a team motivated, engaged and willing to embrace the changeClearly defining visionA manager clearly defines his vision to all employees in order to keep them motivated. This is done through effective communication and in the most simple and understandable manner. Employees are hence kept working and involved in the change process because they understand where the company current situation as well as the vision of the manager on where the company needs to b e at a given time. Upgrading equipmentsKeeping your team motivated, willing and engaged to embrace changes is a vital process. A manager should keep in mind that the old facilities used by employees cannot keep them encouraged. Provision of decent tools, training and provision of support will highly motivate and keep employees willing to embrace changes in a sales and marketing department.Often communicationAs a manager of sales and marketing I will ensure that I do often communication to my all employees to keep them remembering the task at hand (Maxwell, 2013). Communication in such a big organization with many employees may be a challenge but use of internal memos, newsletters regular meetings and training sessions can make it a success. Often communication will keep them well ad versant with my visions hence employees staying motivated, willing and motivated to continue being involved in the change process.Engaging everyoneAs a manager getting everyone engaged will be a crucial aspect to my employees. Employees will be incorporated in decision making and planning in sales and marketing department. This will make them proud of all decisions made because they were involved hence may see the whole project as their own and it is something they can fight for, for the purpose of prosperity. Each and everyones new idea will be determined without discrimination hence proving that they are engaged. Employees are hence kept engaged, wiling and motivated to embrace departmental changes.FeedbackGiving feedback is a key motivator. Being a manager is to give immediate feedback to employees. This will make employees get motivated in case the feedback from the manager is positive. On the other hand, negative feedback to employees can provide the right way to for them to correct themselves. To make them feel more motivated, public appreciation and thank you notes for the work well done will no doubt keep employees motivated and willing to embrace changes.Being respectful, fair and trustworthyAs a manager, acting respectful, fair and creating trust with employees will help motivate them get more involved in the change process. Being in management a lot of problems may arise between employees and hinder change management in a department. Manager should be wise and make fair judgements to solve issues. Respecting and creating trusts to your employees can be an important factor to make them get encouraged, motivated and have the will to embrace the change (Cohen, 2015). Being too serious and moody on duty should be dealt with. Employees work more efficient and effective in environment full of fun and joy. Giving special attentionAs a manager giving special attention to employees with high potential in an organization will encourage them to get involved. With the harsh economic grounds its hard to maintain all aspects of crisis and so manager should try hard to ensure they are attended to. Avoiding doing downsizing will be another way of making employees kept motivated and willing to embrace the change.Factors that might hinder the change process and how they can be addressedEnvironmentOrganization environment is a factor that hinders the change of a department. The external stakeholders of the sales and marketing department contain many entities that are involved such as customers, suppliers, competitors and the intermediaries (Rice, Emery, 2011). All this parties can hinder changes if they are not involved in the process of change. Organization environment is another factor that may hinder the change. A manager has the duty to gather the knowledge on how all of them have effects to the department and bring solutions by training all entities at the event of need to changes in the department. This will avoid shocks and all possibilities of them resisting.StructurePower within organization can be either decentralized or centralized and this can become a threat to the change. In an event that only those in power at higher levels fo rces the change in an organization without giving room for employees being given chance to bring ideas, the process of change can be hindered. As manager all levels of people are entitled to make decisions and should be engaged at all costs in making changes. This will be a success by making a clear chart of the duties of management of all levels.ReactionsEmployees in particular departments may react differently on the event of changes. One group naturally tends to resist the changes because they feel insecure while the other group feels safe with the changes made and support the initiative (Rice, Emery, 2011). To deal with this reaction, a manager comes up with initiatives that make the opposing group to stop resisting. Briefly the manager should take time to listen to resisting group and provide a platform in which the new facilities, decent tools of work, training and promising support to them can deal with this factor appropriately. CultureOrganization culture is a factor that hinders the change of a department. It includes the unspoken patterns and values that show how things are done in a particular company. If the culture of the department is violated then expect a lot resistance because employ...

Corporate Social Responsibility ( Csr ) - 1370 Words

Business personalities, government officials, and loans are hedging more attention on the concept of Corporate Social Responsibility (CSR). The core issue is the appropriate responsibility of business. In as much as firms ought to obey the law, but beyond complete compliance with environmental laws, the question is whether firms have extra social responsibilities to commit part of their resources to environmental preservation voluntarily. This memo provides an exploratory investigation of the link between corporate social responsibility and the benefits accruing to a firm. The paper poses fundamental research questions being: what valuable and rare resource does the corporate gain through corporate social responsibility? How corporates’†¦show more content†¦As such, it can be argued that CSR is the aggregate of the economic, legal and ethical actions coupled with the philanthropic responsibilities expected of a firm by the society.’ Firms perceived to have a strong commitment to CSR tend to have an increased ability to attract and retain their employees (Turban) which reduces turnover and retraining costs. Similarly, it is normal for employees to evaluate the CSR performance of their firm to determine the relationship between their personal values and those of the firm. Peters (40) argues that firms that improve the working environment and labor practices tend to experience increased productivity and curtailed error rates. Periodic controls in the production plants ensure that employees work in conducive environments. Though search practices might be costly, the increased productivity of the workforce and increased quality of the output generate positive cash flows that cover the incurred costs. As such, a firm can benefit from the actions of CSR in terms of worker morale and productivity (Moskowitz) N Ãâ€"ykà ¼ argues a firm regarded as socially responsible similar benefits from the reputation it gains within the business community through increased ability to attract capital and trading partners. However, reputation is hard to quantify making it also hard to determine how much it enhance the value of aShow MoreRelatedCorporate Social Responsibility And Csr1566 Words   |  7 PagesSocial responsibility or also called Corporate Social Responsibility (CSR)- is the firm’s engagement (voluntarily initiated) in and its compliance (legally mandated) to environmental, social, and governance issues (The Foundation, 2014). Also, is based on stakeholder’s needs being financially sustainable, and CSR can come from both corporate or not-to-profit organizations. CSR has seven categories; Leadership, vision and values; Marketplace activities; Workforce activities; Supply chain activities;Read MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Soc ial Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility : Csr1232 Words   |  5 PagesCorporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible. The meaning of social responsibility differs across regions. Western countries are the ones who are pushing for corporate social responsibility -thesis-- A broad overview at corporate social responsibility (CSR) looks to corporations to make a change in the society or the environmentRead MoreCsr : Corporate Social Responsibility1598 Words   |  7 Pages CSR stands for Corporate Social Responsibility. Corporate Social Responsibility (CSR) is defined by many groups like, Tata steel, Coca Cola, Reliance, Videocon etc. Although they all stand for similar meanings connecting to taking responsibilities of the society as a business individual, its definition has been getting broader from a established point of view, corporate social responsibility is a type of business instruction included in a business demonstration. CSR policy functions as a self-regulatoryRead MoreCsr : Corporate Social Responsibility Essay1285 Words   |  6 PagesCSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general, corporate social responsibility is the policies and progra ms of business corporations which tend to benefit society while improving a corporation’s public image and profitability at the same time. The meaning of it is implemented in different countries and companies differently. Warren Buffet said that it takes 20 years to build a reputation and onlyRead MoreCorporate Social Responsibility ( Csr )863 Words   |  4 Pagestechnology in the last century. The term of Corporate Social Responsibility appears more often into public’s concerned and it has become a hot issue in recent years. This essay is going to discuss and provide an overview of corporate social responsibility (CSR) by debate some key issue in this area. 1.2 What is Corporate Social Responsibility? In 1953, Bowen’s Social Responsibility of the Businessman firstly discusses the idea of corporate social responsibility. He states the relationship between societyRead MoreCorporate Social Responsibility ( Csr )1314 Words   |  6 PagesSocial responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving riseRead MoreCorporate Social Responsibility ( Csr )1173 Words   |  5 Pages Corporate Social Responsibility (CSR) is highly important to Millennials. If a company is lacking a CSR plan, now it a good time to start one. Millennials are looking for ways in making a positive impact on the world and are expecting the same from companies. They are looking for companies that contribute to the betterment of communities and the environment. Millennials put great value in supporting such brands, companies and organizations that share these values. Companies without a CSR in placeRead MoreCorporate Social Responsibility : Csr979 Words   |  4 PagesThe notion of Corporate Social Responsibility is a phenomenon globally known for many years. In spite of the fact that CSR has been neglected for quite a long time, nowadays several authors deal with this issue, as revealed by the development of theories in recent years concerning the topic. In spite of the fact that there has been a huge growth of literature it is still impossible to simply define CSR. Many definitions trying to capture the concept of CSR exist, but their content varies (MattenRead MoreCorporate Social Responsibility ( Csr )1549 Words   |  7 Pagesgovernments to take responsibility for the problems but also the corporations. One outcome of this is corporate social responsibility (CSR). CSR refers to voluntary actions of companies or corporations to contribute to the welfare of society and the health of the environment. Some ways it can be accomplished are through philanthropy, working with NGOs in local communities on humanitarian and/or environmental projects, supporting workers’ unions, and investing in green technologies. CSR is not a new concept

Marine Pollution Causes, Effects, And Solutions

Sarah Volker Prof. D. Johnson College Composition 2 April 20, 2016 Marine Pollution: Causes, Effects, and Solutions With all the focus on climate change and greenhouse emissions, corporations and individuals around the world have continued to quietly pollute our water sources. Marine pollution has become a very large issue in our world, affecting marine ecosystems and humans. This can be seen all over the world. Plastics are currently floating all over the Earth’s oceans. Chinese fisheries are becoming more and more polluted, leading to the death of fish and creating a toxic food source. Flint, Michigan, is currently undergoing a water crisis where the running water is unsafe for public consumption. There are multiple types of water pollutants, and multiple courses of action that can be taken to reduce the amount of pollution in marine ecosystems. Some of these include local governmental initiatives, a wastewater tax system similar to one currently in place in China, and general education programs that teach the public about the harms of mari ne pollution. Marine pollutants and their residual effects have ravaged oceans around the world, but there are steps that can be taken to reduce the amount that is disposed into oceans. Water pollution is categorized as an outside contaminant or contaminants that disturb the ecosystem. This includes being damaging to both indigenous plants and animals. The extent of the level of pollution and resulting damage is directlyShow MoreRelatedThe Issue of Marine Life Pollution1538 Words   |  6 Pagesï » ¿Essay: Marine Life Pollution Introduction: Pollution can be defined in different prospective including economics. The economics definition of pollution denotes pollutions as loss of environ quality. Furthermore it defines the cost of pollution as the cost of environmental loss (Goodstein, 2011). However the literary meanings of pollution are defined as the contamination of environment that can cause harmful effects on the inhabitants. These effects are particular with the environment and a numberRead More Marine Pollution: Causes and Solutions Essay1736 Words   |  7 Pagesthere is more pollution being dumped into the oceans, causing major problems to marine life and ecosystems. Major causes of marine pollution involve non-point pollutants, marine garbage, toxic ocean pollutants and sewage disposal in oceans. From heavy metal poisoning including lead and mercury killing predators such as sharks and whales, to waste getting trapped in the digestive tracts of marine animals, this essay focuses on how human interference causes horrifying problems to the marine life, but alsoRead MoreThe Effects Of Ocean Pollution On The Marine Ecosystem And Animals1376 Words   |  6 Pageseconomy pollution has found their way to the ocean. Ocean pollution is a complex series of problems that are linked to many causes that can cause an affect to marine life as well as human life. It is shown that ocean has suffered from a great de al of pollution as far back as Roman times. Eighty percent of pollution in the ocean are inked to human causes such as—industrial growth, oil, burning of fuels, litter on the beach and agriculture just to name a few. The pollution in the ocean effects the foodRead MoreGlobal Water Pollution: Causes, Impacts, and Solutions Essay530 Words   |  3 PagesWater pollution has become a huge problem in many countries all over the world. It is known that water is a very significant factor in life, but if this water becomes contaminated, it will be very dangerous for the humanity and wildlife. Pollution is defined as to make fetid or unclear and dirty (American College Dictionary). So, water pollution means the change in the water composition to be dirty or unclear. This essay will examine the causes of water pollution, the effect of that issue in lifeRead MoreThe Effects Of Sea Pollution On Our Lives1087 Words   |  5 Pageslife would not be possible without the ocean. This is wh y ocean pollution is so important and an issue that needs to be addressed as soon as possible. The majority of people seem to think that since the ocean is so large and vast, we can dump as much trash or waste as we d like into it without it ever effecting us. Unfortunately, that is not the case. Our oceans are diminishing rapidly, and we are only expediting the process with pollution. We depend on the ocean for many things in our life, and withoutRead MoreThe Effects of Ocean Pollution on the Environment1650 Words   |  7 Pages Our oceans take a large beating every day by the extremely large amount of pollution humans produce. Our society easily dumps their waste into the oceans to dispose of the excessive amount of garbage, sewage, and chemicals, but this small and simple solution is creating an even bigger problem. The way humans dispose of their wastes is causing the death of our beloved marine life. Not only are we killing off our animals, our food source, and our resources, we are also minimizing our usable waterRead MorePollution And Polution Solution722 Words   |  3 PagesPollution Solution When you think of the environment, what do you see? There are beautiful oceans, scenery, and wonderful fresh air. But, if you take a closer look, you will see all of the pollution in every one of these places. We will discuss each of these places and the pollution in them. We will also see the types of pollution and how we can help to minimize it. Everybody needs to take care of the Earth and take action to minimize pollution because with everyones help, we can do it. PollutionRead MorePersuasive Essay On Air Pollution1099 Words   |  5 PagesPollution is a highly increasing, man- made issue that is continually degrading the quality of the environment. Ocean pollution, industrialization and air pollution are intertwining significant causes to large degradation of the health status of our oceans, air, and people. Polluting one landmark of the Earth creates an even more dangerous lasting impact on the others. Pollution is continually becoming an issue that could potentially become irreversible if immediate actions are not taken. It is urgentRead MoreNoise Pollution Case Study Solution866 Words   |  4 Pages Noise Pollution Your Particular Case Study: http://e360.yale.edu/features/how_ocean_noise_pollution_wreaks_havoc_on_marine_life Table of Contents: Click here to jump to the right spot.î ¿ ¿ Research Notes Background on your topic: Your topic: Provide Solutions: Resources: Storyboard Rubricî ¿ ¾ Starting Point for Research Research Notes Background on your topic: Why is the ocean so important? (Food webs, oxygen producer, CO2 sink etc.) The ocean is important because it is a home to many different animalsRead MoreEffects Of Plastic Pollution On Our Oceans1593 Words   |  7 Pagesfreshwater as well as marine life. Plastic pollution effects not only the ocean and its’ marine life, but humans as well and not just in the United States, but everywhere. Landfills are running into water systems every day, carrying more plastics and trash into all of the oceans. For instance, in the Mediterranean Sea, sewage is untreated and that totals eighty percent. Sewage can lead to eutrophication, which is an enrichment of chemicals in an ecosystem, but it can cause human diseases as well

Cultures and Practices Not Allowed in the Philippines free essay sample

Euthanasia Euthanasia is the legal term for a medically assisted mercy killing; however in most countries, euthanasia is illegal. The first form of euthanasia is the voluntary decision of a patient. This is when a patient asks a doctor to terminate the patient’s life if and when the patient suffers too much, the patient has no hope of recovery, the patient has no hope for a decent quality of life, or the patient wishes to relieve the financial or psychological burden on the patient’s family. The other form of euthanasia is an involuntary decision by friends or family of the patient to end the patients life. This is sometimes referred to as euthanasia without consent from the patient. Euthanasia is unethical. It is immoral. Even though a death of a person is given consent by himself, it is still murder, assisted suicide, or mercy killing, which is against the will of God. We will write a custom essay sample on Cultures and Practices Not Allowed in the Philippines or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Abortion Abortion, though allowed in some other countries, is illegal in the Philippines. Under the Revised Penal Code of the Philippines, any person who shall intentionally cause an abortion shall suffer reclusion temporal, prision mayor, or prision correccional. The only time abortion is legal is when the pregnancy of the expectant mother is beyond saving like in the case of fetal death, fetal deformity caused sickness while in womb, pregnancy post high risk to mothers life. In all other circumstances, there is no exception. Abortion is more illegal in the eyes of God, because it is a mortal sin. Divorce Divorce, under the Family Code, is not allowed in the Philippines. Christianity is the largest religion in the Philippines, being that the Christian religion is strongly against divorce. The reason is the influence of Christianity in the Philippine culture. Under its teachings, only death can separate what God has put together. So even if under the eyes of the law, the marital bonds have been validly severed, the Catholic Church will still not honor said decree. Couple this with the fact that there is a stigma attached to broken marriages. Said stigma often develops feelings of insecurities and in some cases, rebellion on the part of the concerned parties. Polygamy Polygamy is the status or institution of simultaneous marriage of more than one woman to one man, or of several women to several men. The two forms are polygyny and polyandry. In ordinary use, the term is restricted to polygyny, where one man is simultaneously married to more than one woman. Catholic tradition has consistently interpreted Christs teaching as absolutely forbidding polygamy, and the prohibition was defined by the Council of Trent, pronouncing that it is unlawful for Christians to have several wives at the same time, and that it is forbidden the divine law. Marriage is a covenant between two people. In the Philippines, polygamy is not allowed because of the Christian influence in the Philippine culture. The only exception is when you are a Muslim living in the Philippines. Same sex Marriage Same sex Marriage is not allowed in the Philippines. Two people of the same gender having a relationship is somehow socially accepted nowadays. But when they are to be married, it is unethical. Even though there are some instances that these marriages occur, the couple could not include seeking legal protection and benefits that flow from marriage. Marriage is defined as a special contract of permanent union between a man and a woman entered into in accordance with law for the establishment of conjugal and family life.

The Landscape of Financial Institutions in Bahrain

The Kingdom of Bahrain is a major international financial center. The banking sector takes the 2nd place in the country’s economy and provides approximately 27% of GDP. Central Bank of Bahrain (CBB) is the main financial institution in the country since 2006, when it was proclaimed the new central bank. Today, it is responsible for control, inspection and licensing of the financial institutions. Its regulatory and monitoring framework plays an important role in relieving the international banks of limitations.Advertising We will write a custom research paper sample on The Landscape of Financial Institutions in Bahrain specifically for you for only $16.05 $11/page Learn More According to the report of CBB (30 September 2011) there were licensed 24 conventional banks (Retail), 56 conventional banks (wholesale), 26 Islamic banks, 27 locally incorporated insurance firms, 11overseas insurance firms, 48 investment firms, 33 insurance brokers, 3 insuranc e managers, 5 insurance consultants, 32 insurance firms (restricted to business outside Bahrain), 4 insurance brokers (restricted to business outside Bahrain), 2 insurance consultants (restricted to business outside Bahrain), 11 loss adjusters, 2 insurance pools and syndicates offices, 18 money changers, 4 administrators, 8 financing companies, 16 banking representative offices, 5 insurance representative offices, 11 investment firm representative offices, 2 microfinance institutions, 10 capital markets. The total amount of banks and financial institutions licensed by CBB makes 408 (Central Bank of Bahrain). There are over 180 banks in Bahrain. Banks are divided into wholesale and retail banks. Wholesale banks dominate in the region. The leading wholesale bank is ABC (Arab Banking Corporation). Leading foreign banks are: BNP Paribas Bahrain, HSBC Bahrain and Citi Bank. Wholesale banks made approximately 88 % of the total banking assets during the period 2003-2006. The leading retail banks of Bahrain are: Ahli United Bank – assets US$ 29.0 billion (the second largest bank after CBB), National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK), BMI Bank, Futurebank. Market investments of retail banks made only 12.3% of total assets. The retail banks share in the market was within the limits of 11.8% – 12.3% for the same period. These statistics demonstrates that the growth of the banking assets was applied to all banks; it means that both retail and wholesale banks indicated approximately the same progress for the same period (Table 1, 2). A total value of assets in Bahrain banking sector is $199.4 billion. Today Bahrain hosts more than 171 insurance companies from all over the world. They are both: conventional and Islamic, onshore and offshore institutions. Here is the list of the largest insurance companies in Bahrain according to the value of assets:Advertising Looking for research paper on business economics? Let's see if we can hel p you! Get your first paper with 15% OFF Learn More Iran Insurance Gosi Bahrain National Insurance Company BSC (c) (BNI) Oryx Insurance Protection Insurance Services WLL Bahrain Kuwait Insurance Company Trust International Insurance Company Arab Insurance Group Fakhro Insurance Services The creation of financial centers in Bahrain contributed to significant development of the insurance, reinsurance and brokerage business in the country. The branches of personal/family and motor insurance are the leading ones in Bahrain. Bahrain has long-term plans to increase the gross premiums of compulsory medical insurance to BD 190 million by 2015.† The Islamic Insurance market (T’akaful and ReT’akaful) contributions as a percentage of Total Premiums written is estimated to increase to 31.2% by 2015; the highest increase in the Gulf States (source; Swiss Re)† (Rose 701). Bahrain attracts a large number of financial companies and world-famous resellers because of its obvious tax advantages, effective system of state regulation and ultra-modern infrastructure. There are several great Bahrain companies: Arab Financial Services (provides card processing and electronic banking services), Bahrain Commercial Facilities Company (short, medium and long term consumer finance), Securities Investment Company BSC (SICO), Bahrain Financing Company (foreign exchange and money transfer services). Banks are interested in industries that supplying rapidly growing population of the region, such as pharmaceuticals, healthcare and education. The economies of the Gulf thrived, thanks to a fivefold increase of oil prices since 2002. Considerable income to the treasury brings Bahrain Refinery Company, which is the second great company in the Middle East (after the Abadan refinery in Iran). In addition to the local oil the refinery processes crude oil that comes from an underwater pipeline from Saudi Arabia (more than 10 million tons annually). The second larg est industrial facility in Bahrain is an aluminum-smelting plant â€Å"Aluminum Bahrain† (ALBA). All financial institutions and services in this country must be licensed by the Central Bank of Bahrain. CBB licensing is composed of six major categories of licenses. â€Å"Some of the activities can be carried out only for specific types of licenses, and to qualify for a certain type of license, certain activities must be carried out† (Central Bank of Bahrain). According to the Rulebook, CBB points out new basic license categories with license sub-categories: conventional banks (retail and wholesale banks); Islamic banks (retail and wholesale), insurance licensee (insurance and re-insurance firms and captive insurance companies), insurance actuaries and brokers (insurance consultants, insurance actuaries, loss adjusters, insurance managers, insurance brokers, insurance entities); specialized firms (financing firms (conventional and Islamic); leasing firms (conventional an d Islamic); money exchange firms, representative offices of foreign companies which provide regulated services, ancillary services providers for the financial sector, portfolio management services providers, special-purpose company for issuance of bonds and sukuk, special purpose company for establishment of private retirement funds and savings funds and trustee.Advertising We will write a custom research paper sample on The Landscape of Financial Institutions in Bahrain specifically for you for only $16.05 $11/page Learn More Capital markets subdivided into securities exchanges and precious metal exchanges and mutual funds (Central Bank of Bahrain). Table 1: Wholesale and retail – banking assets Table 2: Consolidated Balance Sheet: Retail and Wholesale Banks Works Cited Central Bank of Bahrain. CBB Rulebook. Aug. 2006. Web. http://cbb.complinet.com/cbb/microsite/cbb_rulebook.html. Peter S. Rose, Sylvia C. Hudgins, Sylvia Hudgins. Bank Manageme nt Financial Services W/SP Bind-in Card. New York: McGraw-Hill Higher Education, 2009.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This research paper on The Landscape of Financial Institutions in Bahrain was written and submitted by user Meggan to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.