GMS 200 Quiz: Regional Groups.docx

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Dale Carl

Document Summary

Criteria to join: must be member of islamic conference, pay capital to bank, willing to accept terms of board. Advance economic development and social progress of member countries and muslim communities in accordance with principles of shari"ah. What the bank does: grant loans for projects, financial support to member for economic and social development, follows sharia in fostering economic development and philanthropy. Promoting cooperation amongst members (human development, infrastructure, intra-trade, agriculture. Recent initiative focus on science + tech co-op program. Political and economic alliance between uae, oman, qatar, kuwait, saudi, and bharain. Based on common qualities like faith, shared goals, and service to the arab nation. Achieve unity amongst member through inter-connection, coordination, and integration. To make regulations in economies, education, commerce, customs, and communication. Technology progress in industry like mining, agriculture. Goal is closer relations between member states. Promote interest of arab world through political, social, economic, and scientific progress. Gafta --- 95% of goods free of customs.