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156-534: Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas . Co-founded in 1977 by Larry Ellison , who remains executive chairman, Oracle ranked as the third-largest software company in the world by revenue and market capitalization as of 2020, and the company's seat in Forbes Global 2000 was 80 in 2023. The company sells database software , particularly

312-712: A 350 000 -year-old Acheulean site named An Nasim in the Hail region could be the oldest human habitation site in northern Saudi Arabia. 354 artefacts, including hand axes and stone tools, provided information about the tool-making traditions of the earliest living man who inhabited southwest Asia. Paleolithic artefacts are similar to material remains uncovered at the Acheulean sites in the Nefud Desert . The earliest sedentary culture in Saudi Arabia dates back to

468-607: A $ 1 billion investment in Spain to enhance artificial intelligence and cloud computing. This investment will create a new cloud region in Madrid in partnership with Telefónica . The goal is to help Spanish businesses and the public sector with digital transformation and to meet European Union regulations . Oracle designs, manufactures, and sells both software and hardware products and offers services that complement them (such as financing, training, consulting, and hosting services). Many of

624-645: A 20% control in Aramco, thereby decreasing US control over Saudi oil. In 1973, Saudi Arabia led an oil boycott against the Western countries that supported Israel in the Yom Kippur War against Egypt and Syria, leading to the quadrupling of oil prices. In 1975, Faisal was assassinated by his nephew, Prince Faisal bin Musaid and was succeeded by his half-brother King Khalid . By 1976, Saudi Arabia had become

780-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

936-401: A book detailing the war between Oracle and Informix was published, titled The Real Story of Informix Software and Phil White . It gave a detailed chronology of the battle of Informix against Oracle, and how Informix Software's CEO Phil White landed in jail because of his obsession with overtaking Ellison. Once it had overcome Informix and Sybase, Oracle Corporation enjoyed years of dominance in

1092-574: A chairman and 60 members—all chosen by the King. Fahd made it clear that he did not have democracy in mind, saying: "A system based on elections is not consistent with our Islamic creed, which [approves of] government by consultation [shūrā]." In 1995, Fahd suffered a debilitating stroke, and the Crown Prince, Abdullah , assumed the role of de facto regent; however, his authority was hindered by conflict with Fahd's full brothers (known, with Fahd, as

1248-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1404-470: A decentralized structure headed by five kings (Evi, Rekem, Tsur, Hur, and Reba); the names appear to be toponyms of important Midianite settlements. It is common to view that Midian designated a confederation of tribes, the sedentary element settled in the Hijaz while its nomadic affiliates pastured and sometimes pillaged as far away as Palestine . The nomadic Midianites were one of the earliest exploiters of

1560-431: A drive toward "wizard"-driven environments with a view to enabling non-programmers to produce simple data-driven applications. Oracle Corporation works with "Oracle Certified Partners" to enhance its overall product marketing. The variety of applications from third-party vendors includes database applications for archiving, splitting and control, ERP and CRM systems, as well as more niche and focused products providing

1716-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

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1872-473: A growth in unemployment have contributed to discontent and have been reflected in a rise in civil unrest, and discontent with the royal family. In response, a number of limited reforms were initiated by King Fahd. In March 1992, he introduced the " Basic Law ", which emphasized the duties and responsibilities of a ruler. In December 1993, the Consultative Council was inaugurated. It is composed of

2028-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

2184-812: A pan- Arab Revolt against the Ottoman Empire to create a united Arab state. Although the revolt failed in its objective, the Allied victory in World War I resulted in the end of Ottoman suzerainty and control in Arabia, and Hussein bin Ali became King of Hejaz . Ibn Saud avoided involvement in the Arab Revolt and instead continued his struggle with the Al Rashid. Following the latter's final defeat, he took

2340-781: A range of commercial functions in areas like human resources , financial control and governance, risk management, and compliance (GRC). Vendors include Hewlett-Packard , Creoal Consulting, UC4 Software, Motus , and Knoa Software. Oracle Enterprise Manager (OEM) provides web-based monitoring and management tools for Oracle products (and for some third-party software), including database management, middleware management, application management, hardware and virtualization management and cloud management. The Primavera products of Oracle's Construction & Engineering Global Business Unit (CEGBU) consist of project-management software. Oracle Corporation's tools for developing applications include (among others): Many external and third-party tools make

2496-481: A rate of 14.5% to $ 6.2 billion, giving it 41.3% and the top share of the relational-database market ( InformationWeek – March 2005), with market share estimated at up to 44.6% in 2005 by some sources. Oracle Corporation's main competitors in the database arena remain IBM Db2 and Microsoft SQL Server , and to a lesser extent Sybase and Teradata , with free databases such as PostgreSQL and MySQL also having

2652-424: A reduced amount or a new trial, calling Oracle's original award "grossly" excessive. Oracle chose a new trial. On August 3, 2012, SAP and Oracle agreed on a judgment for $ 306 million in damages, pending approval from the U.S. district court judge, "to save time and expense of [a] new trial". After the accord has been approved, Oracle can ask a federal appeals court to reinstate the earlier jury verdict. In addition to

2808-713: A royal decree on 23 September 1932 naming the new state al-Mamlaka al-ʿArabiyya as-Suʿūdiyya ( Arabic المملكة العربية السعودية ), which is normally translated as "the Kingdom of Saudi Arabia" in English, but literally means "the Saudi Arab Kingdom ", or "the Saudi Kingdom of Arabia " (compare the Hashemite Kingdom of Jordan ). The word "Saudi" is derived from the element as-Suʿūdīyya in

2964-530: A score of 8 out of 100 for 2023. According to the 2023 V-Dem Democracy Indices , Saudi Arabia is the least democratic country in the Middle East . In the absence of national elections and political parties, politics in Saudi Arabia takes place in two distinct arenas: within the royal family, the Al Saud, and between the royal family and the rest of Saudi society. Outside of the Al Saud, participation in

3120-507: A series of benefits for citizens amounting to $ 36 billion, of which $ 10.7 billion was earmarked for housing. No political reforms were included, though some prisoners indicted for financial crimes were pardoned. Abdullah also announced a package of $ 93 billion, which included 500 000 new homes to a cost of $ 67 billion, in addition to creating 60 000 new security jobs. Although male-only municipal elections were held on 29 September 2011 , Abdullah allowed women to vote and be elected in

3276-596: A significant share of the market. EnterpriseDB , based on PostgreSQL, has recently made inroads by proclaiming that its product delivers Oracle compatibility features at a much lower price-point. In the software-applications market, Oracle Corporation primarily competes against SAP . On March 22, 2007, Oracle sued SAP , accusing them of fraud and unfair competition. In the market for business intelligence software, many other software companies—small and large—have successfully competed in quality with Oracle and SAP products. Business intelligence vendors can be categorized into

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3432-519: A single inappropriate download is unacceptable from my perspective. We regret very much that this occurred." Additionally, SAP announced that it had "instituted changes" in TomorrowNow's operational oversight. On November 23, 2010, a U.S. district court jury in Oakland, California , found that SAP AG must pay Oracle Corp $ 1.3 billion for copyright infringement, awarding damages that could be

3588-524: A single platform. Customers can use Beehive as licensed software or as software as a service ("SaaS"). Following a number of acquisitions beginning in 2003, especially in the area of applications, Oracle Corporation as of 2008 maintains a number of product lines: Development of applications commonly takes place in Java (using Oracle JDeveloper ) or through PL/SQL (using, for example, Oracle Forms and Oracle Reports/BIPublisher). Oracle Corporation has started

3744-596: A sovereign Arab Islamic state with Islam as its official religion and Arabic as its official language. The ultraconservative Wahhabi religious movement within Sunni Islam was the prevailing political and cultural force in the country until the 2000s. The Saudi government has attracted criticism for various policies such as its intervention in the Yemeni Civil War , alleged sponsorship of terrorism , and widespread human rights abuses. Saudi Arabia

3900-756: A variety of programming languages , databases , tools and frameworks including Oracle-specific, free and third-party software and systems. On May 16, 2018, Oracle announced that it had acquired DataScience.com, a privately held cloud workspace platform for data science projects and workloads. In 2022 Oracle shared a $ 9 billion contract from the United States Department of Defense for cloud computing with Amazon, Google, and Microsoft. In 1990, Oracle laid off 10% (about 400 people) of its work force because of accounting errors. This crisis came about because of Oracle's "up-front" marketing strategy, in which sales people urged potential customers to buy

4056-581: Is about 60% of the annual precipitation. Saudi Arabia is home to five terrestrial ecoregions: Arabian Peninsula coastal fog desert , Southwestern Arabian foothills savanna , Southwestern Arabian montane woodlands , Arabian Desert , and Red Sea Nubo-Sindian tropical desert and semi-desert . Wildlife includes the Arabian leopard , Arabian wolf , striped hyena , mongoose , baboon , Cape hare , sand cat , and jerboa . Animals such as gazelles, oryx , leopards and cheetahs were relatively numerous until

4212-494: Is considered both a regional and middle power. Since petroleum was discovered in the country in 1938 , the kingdom has become the world's third-largest oil producer and leading oil exporter, controlling the world's second-largest oil reserves and the sixth-largest gas reserves . Saudi Arabia is categorized as a World Bank high-income economy and is the only Arab country among the G20 major economies. The Saudi economy

4368-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

4524-474: Is regarded as central to the understanding of evolution and dispersals of Man. Arabia underwent an extreme environmental fluctuation in the Quaternary that led to profound evolutionary and demographic changes. Arabia has a rich Lower Paleolithic record, and the quantity of Oldowan -like sites in the region indicate a significant role that Arabia had played in the early hominin colonization of Eurasia. In

4680-498: Is the largest in the Middle East and the world's nineteenth largest by nominal GDP and seventeenth largest by PPP . Ranking very high in the Human Development Index , Saudi Arabia offers tuition-free university education , no personal income tax, and free universal health care . With its dependency on foreign labour , Saudi Arabia has the world's third-largest immigrant population . Saudi Arabians are among

4836-494: Is the highest point in the country. Saudi Arabia is home to more than 2,000 dormant volcanoes. Lava fields in Hejaz, known locally by their Arabic name of harrat (the singular is harrah), form one of Earth's largest alkali basalt regions, covering some 180,000 square kilometres (69,000 sq mi). Except for the southwestern regions such as Asir, Saudi Arabia has a desert climate with very high day-time temperatures during

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4992-573: Is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert , lowland, steppe, and mountains . The capital and largest city is Riyadh ; other major cities include Jeddah and the two holiest cities in Islam , Mecca and Medina . With a population of almost 32.2 million , Saudi Arabia is the fourth most populous country in

5148-651: Is undefined. The United Nations Statistics Division estimates 2 149 690  km ( 830 000  sq mi) and lists Saudi Arabia as the world's 12th largest state. It is geographically the largest country in the Middle East and on the Arabian Plate . Saudi Arabia's geography is dominated by the Arabian Desert , associated semi-desert, shrubland, steppes, several mountain ranges, volcanic lava fields and highlands. The 647 500  km ( 250 001  sq mi) Rub' al Khali ("Empty Quarter") in

5304-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

5460-435: The majlis . In many ways the approach to government differs little from the traditional system of tribal rule. Tribal identity remains strong, and outside of the royal family, political influence is frequently determined by tribal affiliation, with tribal sheikhs maintaining a considerable degree of influence over local and national events. In recent years there have been limited steps to widen political participation such as

5616-608: The 2015 municipal elections , and also to be nominated to the Shura Council . Saudi Arabia occupies about 80% of the Arabian Peninsula (the world's largest peninsula), lying between latitudes 16° and 33° N , and longitudes 34° and 56° E . Because the country's southeastern and southern borders with the United Arab Emirates and Oman are not precisely marked, the exact size of the country

5772-456: The Arab world . Pre-Islamic Arabia , the territory that constitutes modern-day Saudi Arabia, was the site of several ancient cultures and civilizations; the prehistory of Saudi Arabia shows some of the earliest traces of human activity outside Africa. Islam , the world's second-largest religion, emerged in what is now Saudi Arabia in the early seventh century. Islamic prophet Muhammad united

5928-848: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

6084-702: The Gulf War (1990–1991). Saudi Arabia's relations with the West was one of the issues that led to an increase in Islamist terrorism in Saudi Arabia, as well as Islamist terrorist attacks in Western countries by Saudi nationals. Osama bin Laden was a Saudi citizen (until stripped of his citizenship in 1994) and was responsible for the 1998 U.S. embassy bombings in East Africa and the 2000 USS Cole bombing near

6240-454: The Internet . Oracle Cloud provides Infrastructure as a Service (IaaS) , Platform as a Service (PaaS) , Software as a Service (SaaS) and Data as a Service (DaaS) . These services are used to build, deploy, integrate and extend applications in the cloud. This platform supports open standards ( SQL , HTML5 , REST , etc.) open-source solutions ( Kubernetes , Hadoop , Kafka , etc.) and

6396-567: The Neolithic period, prominent cultures such as Al-Magar , whose centre lay in modern-day southwestern Najd, flourished. Al-Magar could be considered a "Neolithic Revolution" in human knowledge and handicraft skills. The culture is characterized as being one of the world's first to involve the widespread domestication of animals, particularly the horse, during the Neolithic period. Al-Magar statues were made from local stone, and it seems that

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6552-729: The Quran , while the Quran and the Sunnah (the traditions of Muhammad) are declared to be the country's constitution. No political parties or national elections are permitted. While some critics consider it to be a totalitarian state, others regard it as lacking aspects of totalitarianism but nevertheless classify it as an authoritarian regime. The Economist ranked the Saudi government 150th out of 167 in its 2022 Democracy Index , and Freedom House gave it its lowest "Not Free" rating, giving it

6708-486: The Ubaid period at Dosariyah . Climatic change and the onset of aridity may have brought about the end of this phase of settlement, as little archaeological evidence exists from the succeeding millennium. The settlement of the region picks up again in the period of Dilmun in the early 3rd millennium. Known records from Uruk refer to a place called Dilmun, associated on several occasions with copper, and in later periods it

6864-658: The fifth-largest country in Asia , the largest in the Middle East , and the 12th-largest in the world. It is bordered by the Red Sea to the west; Jordan , Iraq , and Kuwait to the north; the Persian Gulf , Bahrain , Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel . Saudi Arabia

7020-638: The leadership , and saw an opportunity to lure in customers from those companies that Oracle Corporation had acquired. SAP would offer those customers special discounts on the licenses for its enterprise applications. Oracle Corporation would resort to a similar strategy, by advising SAP customers to get "OFF SAP" (a play on the words of the acronym for its middleware platform "Oracle Fusion for SAP"), and also by providing special discounts on licenses and services to SAP customers who chose Oracle Corporation products. Currently Oracle and SAP (the latter through its recently acquired subsidiary TomorrowNow ) compete in

7176-704: The third "Saudi state" . Ibn Saud gained the support of the Ikhwan , a tribal army inspired by Wahhabism and led by Faisal Al-Dawish , and which had grown quickly after its foundation in 1912. With the aid of the Ikhwan, Ibn Saud captured Al-Ahsa from the Ottomans in 1913. In 1916, with the encouragement and support of Britain (which was fighting the Ottomans in World War I ), the Sharif of Mecca, Hussein bin Ali , led

7332-533: The various tribes of the peninsula and created a single Islamic religious polity. Following his death in 632, his followers expanded the territory under Muslim rule beyond Arabia, conquering territory in the Iberian Peninsula in the west to parts of Central and South Asia in the east in a matter of decades. Arabia became a more politically peripheral region of the Muslim world as the focus shifted to

7488-528: The " Sudairi Seven "). Signs of discontent included, in 2003 and 2004, a series of bombings and armed violence in Riyadh, Jeddah, Yanbu and Khobar. In February–April 2005, the first-ever nationwide municipal elections were held in Saudi Arabia. Women were not allowed to take part. In 2005, King Fahd died and was succeeded by Abdullah, who continued the policy of minimum reform and clamping down on protests. The king introduced economic reforms aimed at reducing

7644-491: The "big four" consolidated BI firms such as Oracle, who has entered BI market through a recent trend of acquisitions (including Hyperion Solutions ), and the independent "pure play" vendors such as MicroStrategy , Actuate , and SAS . Oracle Financials was ranked in the Top 20 Most Popular Accounting Software Infographic by Capterra in 2014, beating out SAP and a number of their other competitors. From 1988, Oracle Corporation and

7800-594: The 14th century. The Jabrids took control of the region after overthrowing the Jarwanids in the 15th century and clashed with Hormuz for more than two decades over the region for its economic revenues, until finally agreeing to pay tribute in 1507. Al-Muntafiq tribe later took over the region and came under Ottoman suzerainty . The Bani Khalid tribe later revolted against them in the 17th century and took control. Their rule extended from Iraq to Oman at its height, and they too came under Ottoman suzerainty. In

7956-512: The 16th century, the Ottomans added the Red Sea and Persian Gulf coast (the Hejaz, Asir and Al-Ahsa ) to the empire and claimed suzerainty over the interior. One reason was to thwart Portuguese attempts to attack the Red Sea (hence the Hejaz) and the Indian Ocean. The Ottoman degree of control over these lands varied over the next four centuries with the fluctuating strength or weakness of

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8112-670: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

8268-440: The 19th century, when extensive hunting reduced these animals almost to extinction. The culturally important Asiatic lion occurred in Saudi Arabia until the late 19th century before it was hunted to extinction in the wild. Birds include falcons (which are caught and trained for hunting), eagles, hawks, vultures, sandgrouse , and bulbuls . There are several species of snakes, many of which are venomous. Domesticated animals include

8424-524: The Al Saud faces political opposition from four sources: Sunni Islamist activism; liberal critics; the Shi'ite minority —particularly in the Eastern Province; and long-standing tribal and regionalist particularistic opponents (for example in the Hejaz). Of these, the minority activists have been the most prominent threat to the government and have in recent years been involved in violent incidents in

8580-644: The American interests in Aramco. King Khalid died of a heart attack in June 1982. He was succeeded by his brother, King Fahd , who added the title "Custodian of the Two Holy Mosques" to his name in 1986 in response to considerable fundamentalist pressure to avoid the use of "majesty" in association with anything except God. Fahd continued to develop close relations with the United States and increased

8736-521: The Arabic name of the country, which is a type of adjective known as a nisba , formed from the dynastic name of the Saudi royal family, the Al Saud ( Arabic : آل سعود ). Its inclusion expresses the view that the country is the personal possession of the royal family. Al Saud is an Arabic name formed by adding the word Al , meaning "family of" or "House of", to the personal name of an ancestor. In

8892-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

9048-552: The German company SAP AG had a decade-long history of cooperation, beginning with the integration of SAP's R/3 enterprise application suite with Oracle's relational database products. Despite the SAP partnership with Microsoft, and the increasing integration of SAP applications with Microsoft products (such as Microsoft SQL Server , a competitor to Oracle Database), Oracle and SAP continue their cooperation. According to Oracle Corporation,

9204-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

9360-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

9516-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

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9672-435: The Oracle database administrator 's tasks easier. Oracle Corporation develops and supports two operating systems: Oracle Solaris and Oracle Linux . Oracle Cloud is a cloud computing service offered by Oracle Corporation providing servers, storage, network, applications and services through a global network of Oracle Corporation managed data centers . The company allows these services to be provisioned on demand over

9828-509: The Oracle Database , and cloud computing . Oracle's core application software is a suite of enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software, enterprise performance management (EPM) software, Customer Experience Commerce (CX Commerce) and supply chain management (SCM) software. Larry Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates under

9984-454: The Qarmatians in Bahrain and al-Hasa with the help of the Seljuq Empire and founded the Uyunid dynasty . The Uyunid Emirate later underwent expansion with its territory stretching from Najd to the Syrian Desert . They were overthrown by the Usfurids in 1253. Usfurid rule was weakened after Persian rulers of Hormuz captured Bahrain and Qatif in 1320. The vassals of Ormuz, the Shia Jarwanid dynasty came to rule eastern Arabia in

10140-445: The Red Sea and Arabian Gulf. The main topographical feature is the central plateau which rises abruptly from the Red Sea and gradually descends into the Nejd and toward the Arabian Gulf. On the Red Sea coast, there is a narrow coastal plain, known as the Tihamah , parallel to which runs along an imposing escarpment. The southwest province of Asir is mountainous and contains the 3 002  m ( 9 849  ft) Jabal Ferwa , which

10296-438: The Saudi Arabian mainland to the island of Bahrain, and a highly developed settlement emerged there, where a laborious temple complex and thousands of burial mounds dating to this period were discovered. By the late Bronze Age , a historically recorded people and land ( Midian and the Midianites) in the north-western portion of Saudi Arabia are well-documented in the Bible. Centred in Tabouk , it stretched from Wadi Arabah in

10452-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

10608-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

10764-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

10920-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

11076-558: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

11232-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

11388-500: The United States to intervene. King Fahd allowed American and coalition troops to be stationed in Saudi Arabia. He invited the Kuwaiti government and many of its citizens to stay in Saudi Arabia, but expelled citizens of Yemen and Jordan because of their governments' support of Iraq . In 1991, Saudi Arabian forces were involved both in bombing raids on Iraq and in the land invasion that helped to liberate Kuwait, which became known as

11544-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

11700-766: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

11856-401: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

12012-535: The ability to search for content across multiple locations, including websites, XML files, file servers, content management systems , enterprise resource planning systems, customer relationship management systems, business intelligence systems, and databases. Released in 2008, the Oracle Beehive collaboration software provides team workspaces (including wikis , team calendaring and file sharing), email, calendar, instant messaging, and conferencing on

12168-510: The appointment of the country's first female deputy minister. On 29 January 2011, hundreds of protesters gathered in Jeddah in a rare display of criticism against the city's poor infrastructure after flooding killed 11 people. Police stopped the demonstration after about 15 minutes and arrested 30 to 50 people. Since 2011, Saudi Arabia has been affected by its own Arab Spring protests . In response, King Abdullah announced on 22 February 2011

12324-466: The beginning of the 20th century, the Ottoman Empire continued to control or have a suzerainty over most of the peninsula. Subject to this suzerainty, Arabia was ruled by a patchwork of tribal rulers, with the Sharif of Mecca having pre-eminence and ruling the Hejaz. In 1902, Abdul Rahman 's son, Abdul Aziz—later known as Ibn Saud —recaptured control of Riyadh bringing the Al Saud back to Nejd, creating

12480-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

12636-616: The case of Al Saud, this is Saud ibn Muhammad ibn Muqrin , the father of the dynasty's 18th-century founder, Muhammad bin Saud . There is evidence that human habitation in the Arabian Peninsula dates back to about 125 000 years ago. A 2011 study found that the first modern humans to spread east across Asia left Africa about 75 000 years ago across the Bab-el-Mandeb connecting the Horn of Africa and Arabia. The Arabian Peninsula

12792-455: The coast and occasional other features such as cylinders (such as the Blue Hole at Dahab ). These coastal reefs are also visited by pelagic species, including some of the 44 species of shark . There are many offshore reefs including several atolls . Many of the unusual offshore reef formations defy classic (i.e., Darwinian) coral reef classification schemes and are generally attributed to

12948-681: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

13104-717: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

13260-553: The company announced it was going to invest $ 1.5 billion into the Kingdom of Saudi Arabia as a part of the ongoing tech investment in the country. As a part of the investment, Oracle will be opening a data centre in the country's capital, Riyadh . On April 23, 2024, Oracle announced it was moving its world headquarters from Austin to a new complex in Nashville, Tennessee . No timeframe was given. On June 20, 2024, Oracle announced

13416-480: The company had its initial public offering . In 1989, Oracle moved its world headquarters to the Redwood Shores neighborhood of Redwood City, California , though its campus was not completed until 1995. In 1995, Oracle Systems Corporation changed its name to Oracle Corporation , officially named Oracle, but is sometimes referred to as Oracle Corporation, the name of the holding company. Oracle acquired

13572-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

13728-498: The corruption and un-Islamic nature of the Saudi government. The government regained control of the mosque after 10 days, and those captured were executed. Part of the response of the royal family was to enforce the much stricter observance of traditional religious and social norms in the country (for example, the closure of cinemas) and to give the ulema a greater role in government. Neither entirely succeeded as Islamism continued to grow in strength. In 1980, Saudi Arabia bought out

13884-469: The country's reliance on oil revenue: limited deregulation , encouragement of foreign investment, and privatization . In February 2009, Abdullah announced a series of governmental changes to the judiciary, armed forces, and various ministries to modernize these institutions including the replacement of senior appointees in the judiciary and the Mutaween (religious police) with more moderate individuals and

14040-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

14196-487: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

14352-417: The damages payment, SAP has already paid Oracle $ 120 million for its legal fees. Oracle Corporation produces and distributes the "Oracle ClearView" series of videos as part of its marketing mix. Oracle was ranked No. 82 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. According to Bloomberg, Oracle's CEO-to-employee pay ratio is 1,205:1. The CEO's compensation in 2017

14508-558: The danger of a direct conflict with the British. At the same time, the Ikhwan became disenchanted with Ibn Saud's domestic policies which appeared to favour modernization and the increase in the number of non-Muslim foreigners in the country. As a result, they turned against Ibn Saud and, after a two-year struggle, were defeated in 1929 at the Battle of Sabilla , where their leaders were massacred. On Ibn Saud's behalf, Prince Faisal declared

14664-409: The database market until the use of Microsoft SQL Server became widespread in the late 1990s and IBM acquired Informix Software in 2001 (to complement its Db2 database). Today Oracle competes for new database licenses on UNIX, GNU, and Windows operating systems primarily against IBM's Db2 and Microsoft SQL Server. IBM's Db2 still dominates the mainframe database market. In 2004, Oracle's sales grew at

14820-663: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Saudi Arabia Saudi Arabia , officially the Kingdom of Saudi Arabia ( KSA ), is a country in West Asia . Located in the centre of the Middle East , it is one of the countries situated in the Gulf region . It covers the bulk of the Arabian Peninsula and has a land area of about 2,150,000 km (830,000 sq mi), making it

14976-434: The domestication of camels that enabled them to navigate through the harsh terrains of the region. At the end of the 7th century BC, an emerging kingdom appeared in north-western Arabia. It started as a sheikdom of Dedan, which developed into the kingdom of Lihyan . During this period, Dedan transformed into a kingdom that encompassed a much wider domain. In the early 3rd century BC, with bustling economic activity between

15132-462: The earliest depictions of dogs in the world. At the end of the 4th millennium BC, Arabia entered the Bronze Age ; metals were widely used, and the period was characterized by its 2 m high burials which were simultaneously followed by the existence of numerous temples that included many free-standing sculptures originally painted with red colours. In May 2021, archaeologists announced that

15288-532: The early period of Dilmun, a form of hierarchical organized political structure existed. In 1966, an earthwork in Tarout exposed an ancient burial field that yielded a large statue dating to the Dilmunite period (mid 3rd millennium BC). The statue was locally made under the strong Mesopotamian influence on the artistic principle of Dilmun. By 2200 BC, the centre of Dilmun shifted for unknown reasons from Tarout and

15444-509: The empire's central authority. These changes contributed to later uncertainties, such as the dispute with Transjordan over the inclusion of the sanjak of Ma'an , including the cities of Ma'an and Aqaba . The emergence of what was to become the Saudi royal family, known as the Al Saud, began at the town of Diriyah in Nejd in central Arabia with the accession as emir of Muhammad bin Saud on 22 February 1727. In 1744 he joined forces with

15600-447: The error codes for their DBMS a secret. SDL changed its name to Relational Software, Inc ( RSI ) in 1979, then again to Oracle Systems Corporation in 1983, to align itself more closely with its flagship product Oracle Database . The name also drew from the codename of a 1977 Central Intelligence Agency project, which was also Oracle's first customer. At this stage, Bob Miner served as the company's senior programmer. On March 12, 1986,

15756-629: The establishment of the Consultative Council in the early 1990s and the National Dialogue Forum in 2003. In 2005, the first municipal elections were held. In 2007, the Allegiance Council was created to regulate the succession. In 2009, the king made significant personnel changes to the government by appointing reformers to key positions and the first woman to a ministerial post; however, these changes have been criticized as being too slow or merely cosmetic. The rule of

15912-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

16068-844: The following technology companies: On July 15, 2013, Oracle transferred its stock listing from Nasdaq to the New York Stock Exchange . At the time, it was the largest-ever U.S. market transfer. In an effort to compete with Amazon Web Services and its products, Oracle announced in 2019 it was partnering with former rival Microsoft . The alliance claimed that Oracle Cloud and Microsoft Azure would be directly connected, allowing customers of each to store data on both cloud computing platforms and run software on either Oracle or Azure. Some saw this not only as an attempt to compete with Amazon but also with Google and Salesforce , which acquired Looker and Tableau Software , respectively. On December 11, 2020, Oracle announced that it

16224-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

16380-497: The high levels of tectonic activity that characterize the area. Reflecting the country's dominant desert conditions, plant life mostly consists of herbs, plants, and shrubs that require little water. The date palm ( Phoenix dactylifera ) is widespread. Saudi Arabia is an absolute monarchy ; however, according to the Basic Law of Saudi Arabia adopted by royal decree in 1992, the king must comply with Sharia (Islamic law) and

16536-576: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

16692-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

16848-453: The largest oil producer in the world. Khalid's reign saw economic and social development progress at an extremely rapid rate, transforming the infrastructure and educational system of the country; in foreign policy, close ties with the US were developed. In 1979, two events occurred which greatly concerned the government and had a long-term influence on Saudi foreign and domestic policy. The first

17004-957: The largest possible amount of software all at once. The sales people then booked the value of future license sales in the current quarter, thereby increasing their bonuses. This became a problem when the future sales subsequently failed to materialize. Oracle eventually had to restate its earnings twice, and also settled (out of court) class-action lawsuits arising from its having overstated its earnings. Ellison stated in 1992 that Oracle had made "an incredible business mistake". In 1994, Informix overtook Sybase and became Oracle's most important rival. The intense war between Informix CEO Phil White and Ellison made front-page news in Silicon Valley for three years. Informix claimed that Oracle had hired away Informix engineers to disclose important trade secrets about an upcoming product. Informix finally dropped its lawsuit against Oracle in 1997. In November 2005,

17160-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

17316-421: The largest-ever for copyright infringement. While admitting liability, SAP estimated the damages at no more than $ 40 million, while Oracle claimed that they are at least $ 1.65 billion. The awarded amount is one of the 10 or 20 largest jury verdicts in U.S. legal history. SAP said they were disappointed by the verdict and might appeal. On September 1, 2011, a federal judge overturned the judgment and offered

17472-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

17628-529: The legendary Arabian horse , Arabian camel , sheep, goats, cattle, donkeys, chickens, etc. The Red Sea is a rich and diverse ecosystem with more than 1,200 species of fish around 10% of which are endemic . This also includes 42 species of deep water fish . The rich diversity is partly owed to the 2 000  km ( 1 240  mi) of coral reef extending along the coastline; these fringing reefs are largely formed of stony acropora and porites corals. The reefs form platforms and sometimes lagoons along

17784-417: The majority of SAP's customers use Oracle databases. In 2004, Oracle began to increase its interest in the enterprise-applications market (in 1989, Oracle had already released Oracle Financials). A series of acquisitions by Oracle Corporation began, most notably with those of PeopleSoft , Siebel Systems and Hyperion . SAP recognized that Oracle had started to become a competitor in a markets where SAP had

17940-434: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

18096-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

18252-576: The name Software Development Laboratories ( SDL ). Ellison took inspiration from the 1970 paper written by Edgar F. Codd on relational database management systems ( RDBMS ) named "A Relational Model of Data for Large Shared Data Banks." He heard about the IBM System R database from an article in the IBM Research Journal provided by Oates. Ellison wanted to make Oracle's product compatible with System R, but failed to do so as IBM kept

18408-575: The newly conquered lands. Arabs originating from modern-day Saudi Arabia, the Hejaz in particular, founded the Rashidun (632–661), Umayyad (661–750), Abbasid (750–1517), and the Fatimid (909–1171) caliphates. From the 10th century to the early 20th century, Mecca and Medina were under the control of a local Arab ruler known as the Sharif of Mecca , but at most times the sharif owed allegiance to

18564-459: The north to the area of al-Wejh in the south. The capital of Midian was Qurayyah, it consists of a large, fortified citadel encompassing 35 hectares and below it lies a walled settlement of 15 hectares. The city hosted as many as 12,000 inhabitants. The Bible recounts Israel 's two wars with Midian, somewhere in the early 11th century BC. Politically, the Midianites were described as having

18720-515: The oil fields began in 1941 under the US-controlled Aramco (Arabian American Oil Company) . Oil provided Saudi Arabia with economic prosperity and substantial political leverage internationally. Cultural life rapidly developed, primarily in the Hejaz, which was the centre for newspapers and radio. However, the large influx of foreign workers in Saudi Arabia in the oil industry increased the pre-existing propensity for xenophobia . At

18876-404: The political process is limited to a relatively small segment of the population and takes the form of the royal family consulting with the ulema, tribal sheikhs, and members of important commercial families on major decisions. This process is not reported by the Saudi media. By custom, all males of full age have a right to petition the king directly through the traditional tribal meeting known as

19032-648: The population of the Arabian Peninsula and created a single Islamic religious polity. Following his death in 632, his followers expanded Muslim rule beyond Arabia, conquering territories in North Africa , Central , South Asia and Iberia within decades. Arab dynasties originating from modern-day Saudi Arabia founded the Rashidun (632–661), Umayyad (661–750), Abbasid (750–1517), and Fatimid (909–1171) caliphates, as well as numerous other dynasties in Asia, Africa , and Europe . The Kingdom of Saudi Arabia

19188-460: The port of Aden , Yemen. 15 of the hijackers involved in the September 11 attacks were Saudi nationals. Many Saudis who did not support the Islamist terrorists were nevertheless deeply unhappy with the government's policies. Islamism was not the only source of hostility to the government. Although extremely wealthy by the 21st century, Saudi Arabia's economy was near stagnant. High taxes and

19344-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

19500-675: The products have been added to Oracle's portfolio through acquisitions . Oracle's E-delivery service (Oracle Software Delivery Cloud) provides generic downloadable Oracle software and documentation. Oracle Corporation has acquired and developed the following additional database technologies: Oracle Fusion Middleware is a family of middleware software products, including (for instance) application server , system integration , business process management (BPM), user interaction, content management , identity management and business intelligence (BI) products. Oracle Secure Enterprise Search (SES), Oracle's enterprise-search offering, gives users

19656-433: The purchase of American and British military equipment. The vast wealth generated by oil revenues was beginning to have an even greater impact on Saudi society. It led to rapid technological (but not cultural) modernization, urbanization, mass public education, and the creation of new media. This and the presence of increasingly large numbers of foreign workers greatly affected traditional Saudi norms and values. Although there

19812-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

19968-535: The religious leader Muhammad ibn Abd al-Wahhab , founder of the Wahhabi movement, a strict puritanical form of Sunni Islam. This alliance provided the ideological impetus to Saudi expansion and remains the basis of Saudi Arabian dynastic rule today. The Emirate of Diriyah established in the area around Riyadh rapidly expanded and briefly controlled most of the present-day territory of Saudi Arabia, sacking Karbala in 1802, and capturing Mecca in 1803. In 1818, it

20124-770: The ruler of one of the major Islamic empires based in Baghdad , Cairo or Istanbul . Most of the remainder of what became Saudi Arabia reverted to traditional tribal rule. For much of the 10th century, the Isma'ili -Shi'ite Qarmatians were the most powerful force in the Persian Gulf. In 930, the Qarmatians pillaged Mecca, outraging the Muslim world, particularly with their theft of the Black Stone . In 1077–1078, an Arab sheikh named Abdullah bin Ali Al Uyuni defeated

20280-433: The same time, the government became increasingly wasteful and extravagant. By the 1950s this had led to large governmental deficits and excessive foreign borrowing. In 1953, Saud of Saudi Arabia succeeded as the king of Saudi Arabia. In 1964 he was deposed in favour of his half brother Faisal of Saudi Arabia , after an intense rivalry, fuelled by doubts in the royal family over Saud's competence. In 1972, Saudi Arabia gained

20436-683: The south and north, Lihyan acquired large influence suitable to its strategic position on the caravan road. The Lihyanites ruled over a large domain from Yathrib in the south and parts of the Levant in the north. In antiquity, Gulf of Aqaba used to be called Gulf of Lihyan, a testimony to the extensive influence that Lihyan acquired. The Lihyanites fell into the hands of the Nabataeans around 65 BC upon their seizure of Hegra then marching to Tayma , and to their capital Dedan in 9 BC. The Nabataeans ruled large portions of north Arabia until their domain

20592-423: The southeastern part of the country is the world's largest contiguous sand desert. Though there are lakes in the country, Saudi Arabia is the largest country in the world by area with no permanent rivers. Wadis , non-permanent rivers, however, are very numerous throughout the kingdom . The fertile areas are to be found in the alluvial deposits in wadis, basins, and oases. There are approximately 1,300 islands in

20748-530: The statues were fixed in a central building that might have had a significant role in the social and religious life of the inhabitants. In November 2017, hunting scenes showing images of most likely domesticated dogs (resembling the Canaan Dog ) and wearing leashes were discovered in Shuwaymis, a hilly region of northwestern Saudi Arabia. These rock engravings date back more than 8 000 years, making them

20904-501: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

21060-515: The suit could form part of a strategy by Oracle Corporation to decrease competition with SAP in the market for third-party enterprise software maintenance and support. On July 3, 2007, SAP admitted that TomorrowNow employees had made "inappropriate downloads" from the Oracle support website. However, it claims that SAP personnel and SAP customers had no access to Oracle intellectual property via TomorrowNow. SAP's CEO Henning Kagermann stated that "Even

21216-464: The summer and a sharp temperature drop at night. Average summer temperatures are around 45 °C (113 °F) but can be as high as 54 °C (129 °F). In the winter the temperature rarely drops below 0 °C (32 °F) with the exception of mostly the northern regions of the country where annual snowfall, in particular in the mountainous regions of Tabuk Province , is not uncommon. The lowest recorded temperature, −12.0 °C (10.4 °F),

21372-446: The third-party enterprise software maintenance and support market. On March 22, 2007, Oracle filed a lawsuit against SAP. In Oracle Corporation v. SAP AG Oracle alleged that TomorrowNow, which provides discount support for legacy Oracle product lines, used the accounts of former Oracle customers to systematically download patches and support documents from Oracle's website and to appropriate them for SAP's use. Some analysts have suggested

21528-598: The title Sultan of Nejd in 1921. With the help of the Ikhwan, the Kingdom of Hejaz was conquered in 1924–25, and on 10 January 1926, Ibn Saud declared himself king of Hejaz. For the next five years, he administered the two parts of his dual kingdom as separate units. After the conquest of the Hejaz, the Ikhwan leadership's objective switched to expansion of the Wahhabist realm into the British protectorates of Transjordan, Iraq and Kuwait, and began raiding those territories. This met with Ibn Saud's opposition, as he recognized

21684-460: The unification on 23 September 1932, and the two kingdoms of Hejaz and Nejd were unified as the Kingdom of Saudi Arabia. That date is now a national holiday called Saudi National Day . The new kingdom was reliant on limited agriculture and pilgrimage revenues. In 1938, vast reserves of oil were discovered in the Al-Ahsa region along the coast of the Persian Gulf, and full-scale development of

21840-496: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

21996-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

22152-579: The world's youngest people , with approximately half being under 25 years old. Saudi Arabia is an active and founding member of the Gulf Cooperation Council , United Nations , Organisation of Islamic Cooperation , Arab League , and OPEC , as well as a dialogue partner of the Shanghai Cooperation Organisation . Following the amalgamation of the Kingdom of Hejaz and Nejd , Abdulaziz bin Saud issued

22308-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

22464-417: Was $ 108,295,023. Oracle is one of the approved employers of ACCA and the median employee compensation rate was $ 89,887. Oracle reported total carbon dioxide equivalent (CO 2 e) emissions (direct + indirect) for the twelve months ending December 31, 2020 at 428 kilotonnes (+63/+17% year over year) and plans to reduce emissions 26% by 2025 from a 2015 base year. Multinational corporation Most of

22620-490: Was a dramatic change in the social and economic life of the country, political power continued to be monopolized by the royal family leading to discontent among many Saudis who began to look for wider participation in government. In the 1980s, Saudi Arabia and Kuwait spent $ 25 billion in support of Saddam Hussein in the Iran–Iraq War (1980–1988); however, Saudi Arabia condemned the invasion of Kuwait in 1990 and asked

22776-411: Was a source of imported woods in southern Mesopotamia. Scholars have suggested that Dilmun originally designated the eastern province of Saudi Arabia, notably linked with the major Dilmunite settlements of Umm an-Nussi and Umm ar-Ramadh in the interior and Tarout on the coast. It is likely that Tarout Island was the main port and the capital of Dilmun. Mesopotamian inscribed clay tablets suggest that, in

22932-594: Was annexed by the Roman Empire , which renamed it Arabia Petraea , and remained under the rule of the Romans until 630. Shortly before the advent of Islam, apart from urban trading settlements (such as Mecca and Medina), much of what was to become Saudi Arabia was populated by nomadic pastoral tribal societies. The Islamic prophet Muhammad was born in Mecca in about 570 CE . In the early 7th century, Muhammad united

23088-659: Was destroyed by the Ottoman viceroy of Egypt, Mohammed Ali Pasha . The much smaller Emirate of Nejd was established in 1824. Throughout the rest of the 19th century, the Al Saud contested control of the interior of what was to become Saudi Arabia with another Arabian ruling family, the Al Rashid , who ruled the Emirate of Jabal Shammar . By 1891, the Al Rashid were victorious and the Al Saud were driven into exile in Kuwait. At

23244-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

23400-541: Was founded in 1932 by King Abdulaziz (also known as Ibn Saud ), who united the regions of Hejaz , Najd , parts of Eastern Arabia (Al-Ahsa) and South Arabia ( 'Asir ) into a single state through a series of conquests , beginning in 1902 with the capture of Riyadh , the ancestral home of his family, the House of Saud . Saudi Arabia has since been an absolute monarchy governed by an authoritarian regime without public input. In its Basic Law , Saudi Arabia defines itself as

23556-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

23712-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

23868-563: Was measured in Turaif . Of the Gulf states, Saudi Arabia is likely to experience snowfalls most frequently. In the spring and autumn the heat is temperate, temperatures average around 29 °C (84 °F). Annual rainfall is very low. The southern regions differ in that they are influenced by the Indian Ocean monsoons , usually occurring between October and March. An average of 300 mm (12 in) of rainfall occurs during this period, which

24024-498: Was moving its world headquarters from Redwood Shores to Austin, Texas. In December 2021, Oracle announced the acquisition of Cerner , a health information technology company. The acquisition of Cerner was completed on June 8, 2022, for US$ 28.3 billion in cash. Also in December 2021, Oracle announced the acquisition of Federos, an artificial intelligence (AI) and automation tools company for network performance. In February 2023,

24180-626: Was the Iranian Islamic Revolution . It was feared that the country's Shi'ite minority in the Eastern Province (which is also the location of the oil fields) might rebel under the influence of their Iranian co-religionists. There were several anti-government uprisings in the region such as the 1979 Qatif Uprising . The second event was the Grand Mosque Seizure in Mecca by Islamist extremists. The militants involved were in part angered by what they considered to be

24336-452: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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