1.
Abu Dhabi
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Abu Dhabi is the capital and the second most populous city of the United Arab Emirates, and also capital of the Emirate of Abu Dhabi, the largest of the UAEs seven emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the western coast. The city proper had a population of 1.5 million in 2014, Abu Dhabi houses federal government offices, is the seat of the United Arab Emirates Government, home to the Abu Dhabi Emiri Family and the President of the UAE, who is from this family. Abu Dhabis rapid development and urbanisation, coupled with the high average income of its population, has transformed the city into a large. Today the city is the center of political and industrial activities. Abu Dhabi accounts for about two-thirds of the roughly $400-billion United Arab Emirates economy, Abu Dhabi is the fourth most expensive city for expatriate employees in the region, and in 2014 was the 68th most expensive big city in the world. Abu Dhabi is full of evidence that points to civilizations, such as the Umm an-Nar Culture. Settlements were also found farther outside the city of Abu Dhabi. There is evidence of civilizations around the mountain of Hafeet and this location is very strategic because it is the UAE’s second tallest mountain, so it would have great visibility. It also contains a lot of moisture in its springs and lakes, origin of the name Abu Dhabi The origin of the name Abu Dhabi is uncertain. Meaning Father of the Gazelle, when translated from Arabic. According to Bilal al-Budoor, assistant under-secretary for Cultural Affairs at the Ministry of Culture, Youth and Community Development, The area had a lot of dhibaa, an old story tells about a man who used to chase deer and was named the father of the animal. Abu Dhabis original name was Milh salt, possibly referring to the salty water of the Persian Gulf, some Bedouins called the city Umm Dhabi, while British records refer to the place as Abu Dhabi. According to some accounts, the name Abu Dhabi was first used more than 300 years ago. The first word of Abu Dhabi is pronounced Bu by inhabitants on the western coast. In the eastern part of the city, the pronunciation is Abu, origins of the Al Nahyan family The Bani Yas bedouin were originally centered on the Liwa Oasis. This tribe was the most significant in the area, having over 20 subsections, in 1793, the Al Bu Falah subsection migrated to the island of Abu Dhabi on the coast of the Persian Gulf due to the discovery of fresh water there. One family within this section was the Al Nahyan family and this family makes up the rulers of Abu Dhabi today
2.
United Arab Emirates
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In 2013, the UAEs population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates. The country is a federation of seven emirates, and was established on 2 December 1971, the constituent emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. Each emirate is governed by a monarch, together, they jointly form the Federal Supreme Council. One of the monarchs is selected as the President of the United Arab Emirates, Islam is the official religion of the UAE and Arabic is the official language. The UAEs oil reserves are the seventh-largest in the world while its natural gas reserves are the worlds seventeenth-largest, Sheikh Zayed, ruler of Abu Dhabi and the first President of the UAE, oversaw the development of the Emirates and steered oil revenues into healthcare, education and infrastructure. The UAEs economy is the most diversified in the Gulf Cooperation Council, while its most populous city of Dubai is an important global city, nevertheless, the country remains principally reliant on its export of petroleum and natural gas. The UAE is criticised for its rights record, including the specific interpretations of Sharia used in its legal system. The UAEs rising international profile has led analysts to identify it as a regional. It appears the land of the Emirates has been occupied for thousands of years, there is no proof of contact with the outside world at that stage, although in time it developed with civilisations in Mesopotamia and Iran. This contact persisted and became wide-ranging, probably motivated by trade in copper from the Hajar Mountains, in ancient times, Al Hasa was part of Al Bahreyn and adjoined Greater Oman. Sassanid groups were present on the Batinah coast, in 637, Julfar was an important port that was used as a staging post for the Islamic invasion of the Sassanian Empire. The area of the Al Ain/Buraimi Oasis was known as Tuam and was an important trading post for camel routes between the coast and the Arabian interior. The earliest Christian site in the UAE was first discovered in the 1990s, a monastic complex on what is now known as Sir Bani Yas Island. Thought to be Nestorian and built in 600 AD, the church appears to have been abandoned peacefully in 750 AD and it forms a rare physical link to a legacy of Christianity which is thought to have spread across the peninsula from 50 to 350 AD following trade routes. Certainly, by the 5th century, Oman had a bishop named John – the last bishop of Oman being Etienne, in 676 AD. This led to a group of travelling to Medina, converting to Islam and subsequently driving a successful uprising against the unpopular Sassanids. Following the death of Prophet Muhammad, the new Islamic communities south of the Persian Gulf threatened to disintegrate, with insurrections against the Muslim leaders. The Caliph Abu Bakr sent an army from the capital Medina which completed its reconquest of the territory with the battle of Dibba in which 10,000 lives are thought to have been lost
3.
Lewis & Clark College
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Lewis & Clark College is a private liberal arts college located in Portland, Oregon. It has an undergraduate College of Arts and Sciences, a School of Law, Lewis & Clark is a member of the Annapolis Group of colleges with athletic programs competing in the National Collegiate Athletic Associations Division III Northwest Conference. Just over 2,000 students attend the undergraduate College of Arts and Sciences, the School of Law is best known for its environmental law program, while the Graduate School of Education & Counseling is active in community engagement and social justice. Today, the three schools and their supporting offices occupy a campus of 137 acres, centered on the M. Lloyd Frank Estate on Palatine Hill in the Collins View neighborhood of Southwest Portland. To this end the Presbyterian church incorporated Albany Academy in 1858, within a decade of its founding, Albany Academy began to focus more exclusively on higher education, changing its official name to the Albany Collegiate Institution in 1866. Unlike most Oregon colleges of the pioneer-era, the college has been coeducational since the first class, the early campus of 7 acres in Albany was situated on land donated by the Monteith family. In 1892, the school building was enlarged, and in 1925 the school relocated south of Albany where it remained until 1937. Albany College established a college to the north in Portland in 1934. The campus grounds later became home to the federal governments Albany Research Center, in 1942 the college trustees acquired the Lloyd Frank “Fir Acres” estate in southwest Portland, and the school name was changed to Lewis & Clark College. The original school mascot, the Pirates, was changed to the Pioneers in 1946, the three schools of the college include the College of Arts and Sciences, the Law School, and the Graduate School of Education and Counseling. Lewis & Clark has nationally regarded programs in Biology, International Affairs, Psychology, Foreign Languages, the college has held two worldwide symphonic festivals in the past five years with professional-level performances in Dublin and the Greek islands. Lewis & Clark is also known for its active and diverse overseas study program, the college offers approximately 36 programs in various countries, and since the 1960s, more than 60% of all Lewis & Clark undergraduates have studied abroad. For a small liberal arts college, Lewis & Clarks overseas offerings are impressive in both breadth and scope, there are, for example seven discrete programs in Spanish-speaking countries. Lewis & Clark is also one of the few U. S. institutions with a program in Cuba. For the Class of 2018, Lewis & Clark received 6,244 applications, accepted 4,160 and enrolled 564. In terms of rank, of the 41% of high school seniors who submitted it, 38% of enrolled freshmen were in the top tenth of their high school classes. The middle 50% range of SAT scores for the enrolled freshmen was 610-710 for critical reading, 580-670 for math, the average high school Grade Point Average GPA of enrolled freshmen was 3.91. The 2017 annual ranking of U. S. News & World Report categorizes Lewis & Clark as more selective and ranks it tied for the 87th best liberal arts college in the nation
4.
Finance
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Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty, Finance can also be defined as the science of money management. Finance aims to price assets based on their level and their expected rate of return. Finance can be broken into three different sub-categories, public finance, corporate finance and personal finance. g, health and property insurance, investing and saving for retirement. Personal finance may also involve paying for a loan, or debt obligations, net worth is a persons balance sheet, calculated by adding up all assets under that persons control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the sources of income within a year. From this analysis, the financial planner can determine to what degree, adequate protection, the analysis of how to protect a household from unforeseen risks. These risks can be divided into the following, liability, property, death, disability, health, some of these risks may be self-insurable, while most will require the purchase of an insurance contract. Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance, business owners, professionals, athletes and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a piece of the overall investment planning. Tax planning, typically the income tax is the single largest expense in a household, managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, most modern governments use a progressive tax. Typically, as ones income grows, a marginal rate of tax must be paid. Understanding how to take advantage of the tax breaks when planning ones personal finances can make a significant impact in which it can later save you money in the long term. Investment and accumulation goals, planning how to accumulate enough money - for large purchases, major reasons to accumulate assets include, purchasing a house or car, starting a business, paying for education expenses, and saving for retirement. Achieving these goals requires projecting what they will cost, and when you need to withdraw funds that will be necessary to be able to achieve these goals, a major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the planner will suggest a combination of asset earmarking. In order to overcome the rate of inflation, the investment portfolio has to get a higher rate of return, managing these portfolio risks is most often accomplished using asset allocation, which seeks to diversify investment risk and opportunity
5.
World Economic Forum
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The World Economic Forum is a Swiss nonprofit foundation, based in Cologny, Geneva. The Forum is best known for its meeting at the end of January in Davos. The meeting brings together some 2,500 top business leaders, international leaders, economists. Often this location alone is used to identify meetings, participation, and participants with such phrases as, a Davos panel, beside meetings, the foundation produces a series of research reports and engages its members in sector specific initiatives. The forum was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva and he then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. Political leaders soon began to use the meeting as a neutral platform. The Davos Declaration was signed in 1988 by Greece and Turkey, in 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa. At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached an agreement on Gaza. In late 2015, the invitation was extended to include a North Korean delegation for the 2016 forum, in view of positive signs coming out of the country, North Korea has not been attending the WEF since 1998. In 2017, the World Economic Forum in Davos attracted considerable attention when for the first time and he sharply rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. Headquartered in Cologny, the forum also has offices in New York, Beijing, on October 10,2016, the Forum announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. The World Economic Forum strives to be impartial and is not tied to any political, partisan, the foundation is committed to improving the State of the World. Until 2012, it had observer status with the United Nations Economic and Social Council, the foundations highest governance body is the foundation board. During its annual meeting, more than 2,500 participants from slightly fewer than 100 countries gather in Davos, approximately 1,500 are business leaders, drawn from its members,1,000 of the worlds top companies. The foundation is funded by its 1,000 member companies and these enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises. As of 2011, an annual membership costs $52,000 for a member, $263,000 for Industry Partner. An admission fee costs $19,000 per person, in 2014, WEF raised annual fees by 20 percent, making the cost for Strategic Partner from SFr500,000 to SFr600,000
6.
Suez
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Suez is a seaport city in north-eastern Egypt, located on the north coast of the Gulf of Suez, near the southern terminus of the Suez Canal, having the same boundaries as Suez governorate. It has three harbors, Adabya, Ain Sukhna and Port Tawfiq, and extensive port facilities, together they form a metropolitan area. Railway lines and highways connect the city with Cairo, Port Said, Suez has a petrochemical plant, and its oil refineries have pipelines carrying the finished product to Cairo. In the 7th century AD a town named Kolzum stood just north of the site of present-day Suez and served as terminus of a canal built by Amr ibn al-As linking the Nile River. Kolzums trade fell following the closure of the canal in 770 by the second Abbasid caliph al-Mansur to prevent his enemies in Arabia from accessing supplies from Egypt, nonetheless, the town benefited from the trade that remained between Egypt and Arabia. By 780 al-Mansurs successor al-Mahdi restored part of the canal, the Qarmatians led by Hasan ibn Ahmad defeated a Fatimid army headed by Gawhar al-Siqilli at Kolzum in 971 and thereby captured the town. Following his defeat in Cairo by al-Siqilli at the end of year, Hasan. Suez was situated nearby and served as a source of drinking water for Kolzum according to Arab traveler al-Muqaddasi who visited in 986, the Ayyubid sultan of Egypt, Saladin, fortified both Kolzum and Suez in to defend Egypts eastern frontier from Crusader raids by Raynald of Chatillon. Between 1183-84, Raynald had ships stationed in the Red Sea to prevent the Ayyubid garrison at Kolzum from accessing water, in response, Saladins brother al-Adil had Husam ad-Din Lulu build a naval fleet which sailed to the southern port of Aidab to end Raynalds venture. By the 13th century it was recorded that Kolzum was in ruins as was Suez which had replaced the former as a population center. According to Muslim historians al-Maqrizi and al-Idrisi, Kolzum had once been a prosperous town, Arab geographer al-Dimashqi noted that Kolzum belonged to the Mamluk province of al-Karak at the time. Following the Ottomans conquest of Egypt at the beginning of the 16th century, the Ottoman fleets at Suez were instrumental in disputing control with the Portuguese over Indian Ocean trade. However, by 1798, during Napoleonic invasion, Suez had devolved into an unimportant town, fighting between the French and the British in 1800 left most of the town in ruins. Its importance as a port increased after the Suez Canal opened in 1869, the city was virtually destroyed during battles in the late 1960s and early 1970s between Egyptian and Israeli forces occupying the Sinai Peninsula. The town was deserted following the Six Day War in 1967, reconstruction of Suez began soon after Egypt reopened the Suez Canal, following the October War with Israel. Suez was the first city to major protests against the government of Hosni Mubarak during the 2011 Egyptian revolution and was the scene of the first fatality of that uprising. On account of this, it has called the Sidi Bouzid of Egypt. The city is divided into five districts, It is most populous district of the city
7.
Dubai
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Dubai is the largest and most populous city in the United Arab Emirates. It is located on the southeast coast of the Persian Gulf and is the capital of the Emirate of Dubai, Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the countrys legislature. The city of Dubai is located on the northern coastline. Dubai will host World Expo 2020, Dubai has emerged as a global city and business hub of the Middle East. It is also a transport hub for passengers and cargo. By the 1960s, Dubais economy was based on revenues from trade and, to an extent, oil exploration concessions. Oil revenue first started to flow in 1969, Dubais oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low, today, less than 5% of the emirates revenue comes from oil. The emirates Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, Dubai was recently named the best destination for Muslim travellers by Salam Standard. Dubai has recently attracted attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the worlds tallest building, Dubai has been criticised for human rights violations concerning the citys largely South Asian and Filipino workforce. As of 2012, Dubai was the 22nd most expensive city in the world, in 2014, Dubais hotel rooms were rated as the second most expensive in the world, after Geneva. Dubai was rated as one of the best places to live in the Middle East by U. S. global consulting firm Mercer, Many theories have been proposed as to the origin of the word Dubai. One theory suggests the word was used to describe the souq, another theory states that the name came from a word meaning money, as people from Dubai were commonly believed to be rich due to the thriving trading centre of the location. An Arabic proverb says Daba Dubai, meaning They came with a lot of money, according to Fedel Handhal, a scholar on the UAEs history and culture, the word Dubai may have come from the word daba, referring to the slow flow of Dubai Creek inland. The poet and scholar Ahmad Mohammad Obaid traces it to the same word, an inhabitant or native of the city is a Dubaian. Although stone tools have been found at archaeological sites, little is known about the UAEs early inhabitants as only a few settlements have been found. Many ancient towns in the area were trading centres between the Eastern and Western worlds, the remnants of an ancient mangrove swamp, dated at 7000 BC, were discovered during the construction of sewer lines near Dubai Internet City. The area was covered with sand about 5,000 years ago as the coast retreated inland, pre-Islamic ceramics have been found from the 3rd and 4th centuries
8.
Portland, Oregon
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Portland is a port and the largest city in the U. S. state of Oregon and the seat of Multnomah County. It is in the Willamette Valley region of the Pacific Northwest, at the confluence of the Willamette, the city covers 145 square miles and had an estimated population of 632,309 in 2015, making it the 26th most populous city in the United States. Approximately 2,389,228 people live in the Portland metropolitan statistical area and its Combined Statistical Area ranks 17th with a population of 3,022,178. Roughly 60% of Oregons population resides within the Portland metropolitan area, named after Portland, Maine, the Oregon settlement began to be populated in the 1830s near the end of the Oregon Trail. Its water access provided convenient transportation of goods, and the industry was a major force in the citys early economy. At the turn of the 20th century, the city had a reputation as one of the most dangerous cities in the world. After the citys economy experienced a boom during World War II. Beginning in the 1960s, Portland became noted for its liberal political values, and the city has earned a reputation as a bastion of counterculture. According to a 2009 Pew Research Center study, Portland ranks as the eighth most popular American city, the city operates with a commission-based government guided by a mayor and four commissioners as well as Metro, the only directly elected metropolitan planning organization in the United States. The city government is notable for its planning and investment in public transportation. Its climate is marked by warm, dry summers and cool and this climate is ideal for growing roses, and Portland has been called the City of Roses for over a century. Keep Portland Weird is a slogan for the city. During the prehistoric period, the land that would become Portland was flooded after the collapse of glacial dams from Lake Missoula and these massive floods occurred during the last ice age and filled the Willamette Valley with 300 to 400 feet of water. The Chinook people occupying the land which would become Portland were first documented by Meriwether Lewis, before its European settlement, the Portland Basin of the lower Columbia River and Willamette River valleys had been one of the most densely populated regions on the Pacific Coast. Large numbers of settlers began arriving in the Willamette Valley in the 1830s via the Oregon Trail. In the early 1840s a new settlement began emerging ten miles from the mouth of the Willamette River and this community was initially referred to as Stumptown and The Clearing because of the many trees cut down to allow for its growth. In 1843 William Overton saw potential in the new settlement but lacked the funds to file a land claim. For 25 cents Overton agreed to half of the 640-acre site with Asa Lovejoy of Boston
9.
Rotana Hotels
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Rotana Hotel Management Corporation PJSC is a hotel management company in the Middle East, Africa, South Asia and Eastern Europe region. Capital City Centre and The Residences by Rotana and its headquarters is located in Abu Dhabi, United Arab Emirates. Where it was founded in 1992 by Nasser Al Nowais and Selim El Zyr, Rotana manages under its Rayhaan Hotels & Resorts by Rotana brand the Rose Rayhaan by Rotana Hotel in Dubai. It was for 5 consecutive years with 333 m the worlds tallest hotel, the Rotana Hotel Management Corporation was founded in 1992 and is operating across the Middle East and Africa. 1993 The Rotana opens its first hotel, Beach Rotana Abu Dhabi, in Abu Dhabi,1995 Nael Hashweh joins Rotana whilst Imad W. Elias bringing factors critical to the future success of the company. 1999 was the opening of Sharjah Rotana in Sharjah, UAE and Al Ain Rotana in Al Ain, additional openings in Dubai, UAE, during 2000 were Rihab Rotana and Towers Rotana. 2008 Rotana engages in a revitalization project resulting in the unveiling of its new product brands, Arjaan by Rotana and Rayhaan Hotels. Opening of Arjaan by Rotana Dubai Media City and Media Rotana in Dubai, UAE.2009 Rotana launched its new budget hotel concept, Rose Rayhaan by Rotana, a soaring 72 floor tower structure,333 metres high opened as the worlds tallest hotel. 2010 Opening of the second Centro Hotel by Rotana, Centro Barsha in Dubai
10.
The Abraaj Group
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The Abraaj Group is an investor operating in the growth markets of Africa, Asia, Latin America, Middle East and Turkey. Founded in 2002 by Arif Naqvi, the group has over 20 offices spread across five regional hubs in Istanbul, Mexico City, Dubai, Nairobi and Singapore. Abraaj currently manages c. US$10 billion in assets globally In April 2015, in July 2016, the firm announced that it raised US$526 million for investments in Turkey through Abraaj Turkey Fund I. The Abraaj Group invests in private equity and in businesses including healthcare, energy infrastructure. The Abraaj Group is an investor in global markets and has made more than 140 investments across a range of sectors. Abraaj has invested in operating in the healthcare market including healthcare delivery and services, diagnostics. Significant healthcare transactions include Integrated Diagnostic Holdings in MENA and Acibadem Healthcare in Turkey, in March 2014, Abraaj announced the establishment of North Africa Hospital Holdings Group, a healthcare roll up platform, built by acquiring standalone hospitals in the region. Significant energy infrastructure transactions include K-Electric, an integrated power utility based in Pakistan. In 2015, Abraaj and India’s Aditya Birla Group announced a partnership to develop 1 GW of solar power in the country. In 2012, The Abraaj Group became a signatory to the UN Global Compact, since its founding in 2002, environmental, social and governance considerations have been a part of Abraaj’s investment process. Its consideration of ESG issues in each investment adds value locally by ensuring that each company brings high standards of business practice to its communities. The Abraaj Sustainability Index, a tool launched in 2008 measures the sustainable development impact of Abraaj’s investments. Four elements are measured in the index, financial performance, environmental performance, human development and private sector, in 2015, Abraaj established the Abraaj Growth Markets Grant to support projects aimed at resolving critical challenges in growth markets. Nine projects were selected ranging from developing myoelectric prosthetic limbs in Kolkata to tracking crime patterns for a culture in Puebla. In 2014, Abraaj established the Abraaj RCA Innovation Scholarship at the Royal College of Art in London, in 2012, the Abraaj Group has also established an endowed professorship in private equity at the American University in Cairo. The Abraaj Group Chair is occupied by Professor Charilaos Mertzanis
11.
Khalifa University
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Khalifa University is a science-focused university located in Abu Dhabi, United Arab Emirates with a satellite campus in Sharjah. In 2016 it was ranked as the 481st best university in the world by QS rankings, the university has a student population of approximately 1300. Khalifa University’s current president, Tod A. Laursen, was appointed in August 2010, as of 2013, KU faculty and staff come from over 40 countries, and its student body is internationally diverse and co-educational. The IICSs director is Professor Joel Hayward, an authority on international conflict. Accreditation The three original undergraduate B. Eng and they include associations with the Georgia Institute of Technology, Texas A&M University Nuclear Security Science & Policy Institute, and KAIST. Campus Expansion The University has plans to build a new campus near the current campus of Abu Dhabi, the new campus would be 80 hectares in size and allow enrollment to increase up to 6,000 students. The new campus will house a school, state of the art labs. Khalifa University’s campus student newsletter is The Student Voice, which is published once a semester, students can also participate in various clubs and academic organizations ranging from student government to the sport club
12.
MENA
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The term MENA is an English-language acronym referring to the Middle East and North Africa region. The term MENA covers a region, extending from Morocco to Iran, including all Middle Eastern Mashriq. The term is synonymous with the term the Greater Middle East. The population of the MENA region at its least extent is considered to be around 381 million people, the MENA acronym is often used in academia, military planning, disaster relief, and business writing. Due to the ambiguity and Eurocentric nature of the term Middle East, some people prefer use of the terms Arab World. Both the Arab World and MENA region remain the most common terms and are used by most organizations, academia, the World Bank, UNDP and even the UNSC all use both terms. MENA has no standardized definition, different organizations define the region as consisting of different territories, the following is a list of commonly included countries and territories. Sometimes also included in definitions of MENA, The MENA region has vast reserves of petroleum. According to the Oil and Gas Journal, the MENA region has 60% of the oil reserves. As of 2011,8 of the 12 OPEC nations are within the MENA region, islam is by far the dominant religion in nearly all of the MENA territories,91. 2% of the population is Muslim. The Middle East-North Africa region comprises 20 countries and territories with an estimated Muslim population of 315 million or about 23% of the world’s Muslim population, the term MENA is often defined in part in relation to majority Muslim countries. Of the countries noted in the definition, all except Israel are majority Muslim. From April 2013, the International Monetary Fund started using a new region called MENAP. Now MENAP is prominent economic grouping in IMF reports, the term MENAT has been used to include Turkey in the list of MENA countries. List of business region acronyms Europe, the Middle East and Africa Middle East economic integration Greater Middle East Near East Arab world Arab Spring Arab Winter
