metal supermarkets is a canadian franchise that primarily focuses on selling small quantity metals , cut to the customer ’s desired size .

metal supermarkets is the largest franchise in the small quantity metals industry and the only one with international reach .

metal supermarkets ’ main headquarters are located in mississauga , ontario .

the company ’s franchise locations spread across canada , the united states and the united kingdom .

currently , metal supermarkets operates 86 locations worldwide .

metal supermarkets

metal supermarkets® , the convenience stores of the metal industrytm , is the world ' s largest supplier of small quantity metals .
metal express ' business model closely mirrored that of metal supermarkets and was a natural , logical and synergistic fit to our own business ,
said stephen schober , president and chief executive pf metal supermarkets .
metal supermarkets offers over 8000 metal products , metal shapes and metal grades . we cut any metal to any size . we specialize in alloy steel , aluminum , brass , bronze , cold rolled steel , copper , hot rolled steel , stainless steel .
metal supermarkets® , the convenience stores of the metal industry ( tm ) , is the world ' s largest supplier of small quantity metals .
metal supermarkets® began with a single store in 1985 in mississauga , ontario , . our first store proved so successful , that additional stores were added in the ensuing years . customers began to locally recognize metal supermarkets® as the one stop shop for any metal cut and ready fast !
“we are excited to continue our u . s . expansion with our second location in the state of ohio , ” said stephen schober , president and ceo of metal supermarkets . “metal supermarkets columbus brings speed , variety and convenience to area businesses and consumers shopping for metal . ”
customer feedback for metal supermarkets villa park 1187 n . ellsworth avenue , villa park , il , 60181 - 1040 , us
metal supermarkets , the world’s largest supplier of small quantity metals , opened its 83rd store in june , 2016 in columbus , ohio . metal supermarkets columbus provides area businesses and consumers with exceptional customer service and instant access to the highest quality metal available , cut to size , with no minimum order quantity .
metal supermarkets corp . , a toronto - based steel distributor , has acquired 100 per cent of metal mart llc from a . m . castle & co . for an undisclosed price .
metal supermarkets franchise opportunities are not currently available on franchising . com . fill in the form below to be notified when they become available .
metal supermarkets franchising family of companies is pleased to announce that its president and ceo , stephen schober has been elected a director of the canadian franchise association .
metal supermarkets , a private company founded in 1985 , is a specialized metal distributor focusing on small quantities of virtually all types and forms of metals , custom cut to size . while most revenues come from corporate operations , the company is also the only small quantity metal dealer franchise in the world .
customers choose metal supermarkets because of our speed , variety and convenience . we provide same - day service and prepare orders quickly . we carry the widest variety of metal types , grades and shapes . we are conveniently located and offer fast and easy access to metal products and services . no need to wait .
customers who deal with metal supermarkets value and benefit from our key differentials and unique selling propositions including “cut to size” metal , fast delivery , and sourcing of non - stock and “hard to find” items , with no required minimum order size .
metal mart operates as metal express and has about 15 metal distribution centres in the united states . the distributor was an independent division of a . m . castle , ( nyse : cas ) a company based in franklin park , ill . which distributes metal alloys , stainless steel , copper and brass .
metal supermarkets , 2266 mcgarrigle rd . after a friend discovered this place , we ' ve been there for 3 different jobs over the past 10 days . helped me solve a potentially costly chimney cap problem . another
metal supermarkets is the world ' s largest supplier of small - quantity metals . with a network of over 80 stores worldwide , we help over 60 , 000 customers get the metal they need , with no minimum order quantity . visit http : / / www . metalsupermarket . . . for more or call 1 - 866 - 867 - 9344 for a quote . any metal . any size . cut and ready fast ! show less
metal supermarkets stores stock a diverse selection of metal types including hot - rolled steel , cold - rolled steel , stainless steel and aluminum in a wide variety of shapes including bar , tube , sheet , plate and more . the new store also offers value - added services such as production saw - cutting , shearing and same - day delivery .
we like metal supermarkets because we get the right amount of product for us , even if the order is 1 piece of small bar . we get the orders fast . when material isn’t available right away metals makes appropriate suggestions for alternatives .
we are now accepting submissions for this year ' s metal my way contest . your metal creation could be a winner . to enter , simply : 1 ) post a photo or video of the project 2 ) use
before today ' s acquisition , metal supermarkets operated 23 corporate operations in canada , the united states , england and scotland . in addition , the company has 60 franchised locations in the u . s . , canada , england , austria and the united arab emirates .
metal sales and distribution contributes $ 553 billion dollar to the economy annually , comprising 3 . 5 % of us gdp .
metal supermarkets columbus serves a wide variety of businesses and customers including tool and die shops , manufacturers , machinists , maintenance managers , fabricators , machine shops , contractors , construction companies , military , healthcare , education and other government departments , as well as hobbyists and home owners .
metal supermarkets is the world’s largest small quantity metal distributor . our stores are small metal warehouse and distribution centers , typically 4 , 000 – 6 , 000 square feet located in a medium to light industrial setting . our stores stock , and sell various grades , sizes and shapes of metals such as aluminum , hot and cold rolled steel , stainless steel , brass and copper in bar , tubes , channel and sheet . with over 75 brick - and - mortar stores across the us , canada , and united kingdom , our network of stores serves over 60 , 000 customers .
ahhhhh sweet , glorious 1095 steel ! ! ! ! my friends at metal supermarket ( jesse johnson ) and crew have me stocked . . .
the core focus of our business is not selling high volumes of metal used in manufacturing itself – that is for the major metal service center – but the maintenance and repair departments of manufacturers , distribution companies , food processors , machine shops , tool and die makers , government agencies and a wide and diverse variety of other companies as well as home owners and hobbyists . we are metal experts and have been providing quality customer service and products since 1985 .
not sure why they paint the ends of their steel stock , anyways , i love the look . always great to stop by the metal supermarket . . . .
metal supermarkets chicago ( niles ) has been providing the northwestern chicago area with fast and easy access to metal since september 2014 . we are conveniently located at 6285 w . howard . our warehouse is stocked full of all metal shapes , grades , sizes and dimensions , including hot and cold rolled steel , stainless steel , aluminum , brass , bronze , copper and more . our value - added services include production cutting , shearing , delivery , sourcing hard - to - find metals , plasma cutting , bending and press break , hole punching , miter cutting , laser cutting , notching and flame cutting . our shear is a 1 / 2
x 120
, we can shear stainless steel 1 / 4
or less and mild steel 1 / 2
or less .
any metal , cut and ready fast ! we are the world ' s largest supplier of small - quantity metals . find our stores across canada , the us and the uk , or order online !
dull grey saturday ? time to go to one of my favourite places and get some pieces from the metal supermarket and make some stuff ! yes , that ' s really what it ' s called . urltoken
starts july 9th ! ! ! we have some awesome prizes to award for this year ' s best metal - made projects . . . we can ' t wait to see what you ' ve been working on ! contest details :
just got a tour of @ metalsupermrkts everett location ! we had a great time demoing our robot and learning about the metal machines . thank you so much for the donation to help us get to houston ! # morethanrobots # omgrobots # loveoursponsors
the barriers to entry in metal supermarkets are not primarily financial . sure you need money to support start - up costs including an investment in inventory , fixed assets , leaseholds and trade accounts receivable , but most importantly is the knowledge transfer that we provide to our franchisee . with a track record of 30 years we know how to assist and guide franchisees in setting - up and managing the business , creating critical preferred vendor relationships , manage inventories , develop pricing strategies , and teach , coach and guide you on how to successfully sell and market our products and services .
these guys are great ! ! ! a + they are super guys and very helpful . i found them when i first started welding and i ' ll never buy my metal anywhere else . i have probably completed about 20 or more welding projects and these are my
go to
guys .
over the years , the core principles of our business have remained the same : wide - ranging products processed to customers’ exact specifications and fast , personable service , with absolutely no minimum quantity . while we remain true to our founder’s principles , our unique customer - centric approach has evolved over the years . the range of processing services we provide is broader , and in addition to our “bricks and mortar” locations , our online store offers the opportunity for customers to purchase metal 24 / 7 .
“i worked with metals in a family owned business very early in my professional career . after a 30 + year corporate career in glass , this business allows me to return to my roots , not only in metal , but with my son and daughter involved in the business , a return to a family based operation as well , ” stated franchise owner steve micheli . “our model of providing cut - to - order sizes of materials benefits the maintenance / repair professionals by eliminating the need for additional storage space and carrying costs related to bulk purchasing . this holds true for welders , contractors and diy’ers . ”
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there were few markets where there were any overlaps with our existing locations , thereby enabling us to considerably expand our geographic coverage in markets we had targeted for our own growth .
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now that the election dust has settled , you may have a new member of provincial parliament ( mpp ) representing your riding . this is a critical time to start building relationships with those who represent your voice !
unfortunately , many mpps and members of government are still unaware of the complexities of the franchise industry . meetings go a long way to help paint a picture of the everyday franchise owner .
meeting with mpps is one of the most critical advocacy activities available and can be a very powerful tool . it gives you an opportunity to connect with them directly and share real - life experiences of what owning a business and creating jobs means to you , your family and your community .
inviting your mpp to visit your business will make the meeting that much more personal and memorable ; creating the opportunity for them to meet your staff and understand the dynamics of your everyday life as a small business owner . bringing a personal aspect to the relationship could make your mpp more likely to act on your behalf .
mpps are interested in hearing from constituents and those actively involved in the community . by taking the time to meet with your local mpp , you’re demonstrating that franchisors and franchise owners are active members of the community who care to take the time to develop that relationship . this benefits not only yourself , but the community in which your business resides , and the franchising community as a whole .
use this opportunity to explain who you are on a personal level and how it relates to the business . why did you chose franchising ? how does the business model help you and your community ? use the following sample speaking notes to lead you in the right direction :
discuss your community involvement ( i . e . donations , involvement in local boards or chambers )
for help finding your mpp’s contact information or booking a meeting , contact cfa’s government relations specialist , samantha sheppard at ssheppard @ urltoken .
any good businessperson knows that networking is a key ingredient for success . whether it’s forming partnerships with influential entrepreneurs , spreading your brand to target audiences , or learning effective business strategies from experts in the field , networking serves many purposes within the world of franchising .
fortunately for you , the cfa’s upcoming golf tournaments are designed to connect you with franchise leaders across the country ! join us at one of three golf classics in bc , ontario , and new brunswick this june and come prepared with these hot networking tips .
be on time : being late never looks good and never goes unnoticed . show your reliability by arriving on time ( registration opens at 9 : 00 for the atlantic golf classic and 10 : 00 for the pacific and central classics ) and come early if you plan on meeting franchisees or clients .
don’t start the day talking business : the golf classic is meant to be a fun , stress - free day in support of the cfa’s advocacy work ! acknowledge when business talk is and isn’t appropriate .
put your guests first : if you’re inviting employees or clients , ask them what activities they want to participate in , and play to their comfort level . in addition to golf , additional sports and spa options are available at our central golf classic .
stay engaged and listen : it’s not all about you ! although you may be eager to talk about your business , make sure you listen to what others are offering . engage , ask questions , and determine which systems would make for an ideal partnership .
research : if you want to connect with a specific individual or franchise system , come prepared with questions you want to ask , and make sure you know their business inside and out . trust us , they’ll be impressed !
articulate your goals : understand your business goals and be prepared to speak about where you are , where you’re headed , and what you hope to achieve in the future .
for sponsorship opportunities , please contact lou gervasi , events manager , at lgervasi @ urltoken or 416 - 695 - 2896 ext . 243 .
held at the westin in the heart of the nation’s capital , this year’s festivities brought together the best of the best in canadian franchising for three days of non - stop networking events , educational learning opportunities , and engaging presentations covering a range of pertinent franchise topics .
day 1 kicked off with a special fss / supplier forum hosted by trushield insurance’s tony o’brien . along with an expert panel , o’brien shared with franchise suppliers and support services providers how they can maximize the benefits of their cfa membership and network with top franchisors to achieve their business goals .
next up was our high - demand power sessions where world - class franchise experts shared insightful knowledge on sales , marketing , business development , and management . it was a full house later in the afternoon for the essential legal update . moderated by a panel of some of canada’s leading lawyers , franchisors learned about the latest legislative updates in canada , how these changes could impact their businesses moving forward , and what they could do to mitigate potential challenges .
new cfa members and first time convention delegates were then treated to a special networking cocktail reception before learning more about the new cfa branding , purpose , and mission statement . the cfa’s chair of the board of directors , john wissent , and the 1 st vice chair of the board of directors , john dehart , were on deck to share with delegates the cfa’s new brand , created in partnership with the cfa branding committee and branding agency , pigeon brands .
the exciting unveiling was followed by the first keynote presentation of the convention . charlwood pacific group’s ceo & chairman , u . gary charlwood , shared with delegates the inspiring story of how he worked his way up the corporate ladder before purchasing and growing century 21 into one of canada’s largest and most respected real estate organizations .
ceo & chairman of charlwood pacific group , u . gary charlwood , during his keynote presentation
the day ended with an informative presentation by the cfa’s vice president of government relations & public policy , ryan eickmeier , and president & ceo , lorraine mclachlan , on the release of the much - anticipated economic impact study , followed by the marketplace opening reception . open throughout convention , marketplace exhibitors got to showcase their innovative franchise - related products and services with franchisors .
sales expert todd cohen got the crowd laughing bright and early monday morning with his engaging keynote presentation on how to build a sales culture in your organization . using relatable anecdotes , cohen used his own business experiences to keep delegates engaged and drive home the point that creating a “sales” culture is a must to find business success . click here for a special thank you message from todd !
there were non - stop learning opportunities throughout the remainder of the afternoon as roundtable discussions , concurrent sessions , and a special closed - door ceo session with todd cohen took place . moderated by franchise experts from cfa’s membership , these sessions were a great way for delegates to learn more about a specialized topic , discuss challenges and opportunities they face in their businesses , and develop effective and efficient solutions with one another .
the day ended with the most anticipated event of convention…the gala awards presentation dinner ! co - hosted by propertyguys . com’s ken leblanc and walter melanson – who channeled bob and doug mckenzie from the “great white north” – the night was filled with laughs and canadian - themed jokes as attendees became true hosers for the evening .
in - between the on - stage entertainment , franchising excellence was celebrated with the presentation of the 2018 franchisees’ choice designation , recognition awards , and awards of excellence in franchising .
kumon math and reading centres received the hall of fame award in recognition of their outstanding business performance and unwavering commitment to educating children across the world .
the cfa’s changing workplaces taskforce took home the volunteer leadership excellence award , while the outstanding corporate citizen award was presented to bioped footcare centres for their work helping underprivileged communities through the goodytwoshoes foundation .
former president & ceo of mister transmission , randy moore , took home the lifetime achievement award for his 40 - year career with the automotive franchise , while ruthie burd , founder of the lunch lady , took home the first - ever diversity and inclusion champion award .
next up , excellence in canadian franchising was celebrated as wise cracks , lice squad . com , little kickers , symposium café , paul davis restoration , triple o’s , and pizza nova took home gold in their respective categories .
lorraine mclachlan took to the stage to present two of the gold finalists with the coveted grand prize for traditional and non - traditional franchise systems . for the second straight year , symposium café took home the grand prize for traditional franchise system , while little kickers won big for non - traditional franchise system !
the night wasn’t finished yet though , as the celebration continued at lowertown brewery in the byward market for the after - party .
the final day of convention started with a buffet breakfast in the marketplace followed by more roundtable discussions , concurrent sessions , and a closed - door ceo session with nurse next door and live well exercise clinic co - founder , john dehart .
dehart was on stage later in the morning for the final keynote presentation where he shared with delegates how they could build a hyper growth brand from the inside out by developing a positive work culture .
the closing luncheon immediately followed the keynote presentation , followed by franchise awareness day , where a group of convention delegates headed over to parliament hill for a full day of meetings with members of parliament .
thank you to all attendees , presenters , exhibitors , and sponsors for making this year’s convention one to remember . we’ll see you next april in niagara falls !
put your winter parkas in storage and get ready for the summer with the beauty , health & wellness issue of franchise canada ! now available online and on newsstands across the country , the may / june issue is equipped with the franchise knowledge you to need to successfully start your career in the nutrition , fitness and health industries .
eye of the beholder : beauty salons are in high demand and popping up across the country . take a look at four beauty franchises that have found their niche market and are using the franchise business model to partner with entrepreneurs as passionate about beauty as they are !
picture of good health : getting in shape means more than just breaking a sweat . in our picture of good health feature , we showcase four food franchises offering canadians flavourful and nutritional meal options including meat replacement proteins , plant - based menus , healthy beverages , and more !
aging gracefully : the home and senior care industry is more popular than ever and will continue to grow as baby boomers reach the age of 65 . in our aging gracefully feature we take readers on a journey of five unique senior - focused systems helping canadians from coast to coast .
if you’re a gym junkie looking to turn your passion into a successful career , get your hands on franchise canada today ! visit franchise canada magazine online to read articles from the may / june 2018 issue for free .
franchise canada is now available on issuu ! subscribe now and get six full digital issues of franchise canada , plus a free print subscription delivered right to your door for just $ 29 . 99 . click here to subscribe now !
toronto – april 25 , 2018 – yesterday , the canadian franchise association ( cfa ) convened on parliament hill to raise awareness about canada’s $ 96 billion franchise industry during franchise awareness day .
armed with the latest numbers from the cfa’s economic impact report , more than 75 franchise business leaders from across canada met with politicians throughout the day to educate them about the franchise sector’s significant contribution to the canadian economy and job creation .
the canadian franchise industry accounts for 1 . 5 million full - time equivalent jobs , and 1 . 8 million total jobs , representing $ 61 billion in household wages
the first of its kind in canada , the economic impact report was published by the cfa in partnership with the canadian centre for economic analysis ( cancea ) , a leading economic research organization .
“the numbers clearly show that franchising is an important economic driver in every province in canada , ” says lorraine mclachlan , the cfa’s president and ceo . “through franchise awareness day , we want to ensure government understands the contributions franchising makes to the economy , and recognizes the vital importance of franchising in the lives of canadians . ”
beyond the numbers , participating franchisors and franchisees also shared their own personal stories of how franchising empowered them to go into business for themselves , but not by themselves .
“behind these figures are thousands of everyday canadians who achieved their dreams of business success through franchising , ” mclachlan continues . “franchisees are the new mom - and - pop , and it’s their hard work and entrepreneurial spirit that helps drive the canadian economy . that’s why it’s so important for franchise leaders to come together and share their stories through events like franchise awareness day . ”
about the canadian franchise association the canadian franchise association ( cfa ) helps everyday canadians realize the dream of building their own business through the power of franchising . cfa advocates on issues that impact this dream on behalf of more than 700 corporate members and over 40 , 000 franchisees from many of canada’s best - known and emerging franchise brands . beyond its role as the voice of the franchise industry , cfa strengthens and develops franchising by delivering best - practice education and creating rewarding connections between canadians and the opportunities in franchising . canadian franchises contribute over $ 96 billion per year to the canadian economy and create jobs for more than 1 . 8 million canadians . learn more at urltoken or urltoken . media contact lisa raffaele | ( 647 ) 837 - 1265 | lisa @ urltoken
( toronto , on ) april 24 , 2018… the canadian franchise association ( cfa ) is pleased to announce that the traditional and non - traditional grand prize winners of the 2018 cfa awards of excellence in franchising are symposium cafe and little kickers , respectively . the cfa awards two separate grand prizes in its annual awards program to reflect the range of franchise opportunities in the market .
“franchising in canada is very diverse , ranging from home - based children’s sports franchises like little kickers to full - service restaurants like symposium cafe , ” says lorraine mclachlan , the cfa’s president and ceo . “to reflect this diversity , and to ensure that participating franchise systems are being rated against their peers , our awards program includes seven categories and two grand prizes . ”
considered the pinnacle of franchise achievement in canada , the cfa awards of excellence in franchising are given annually to franchise systems that have demonstrated the strongest , most mutually rewarding relationships with their franchisees . the grand prizes were presented during a gala awards presentation dinner at the 27th annual cfa national convention in ottawa , ontario .
“the cfa awards of excellence in franchising truly set a benchmark for franchises throughout canada and we are honoured to present the awards to this year’s winners , ” mclachlan continues . “no matter what size a franchise system is , or what format it takes , a solid relationship between franchisor and franchisee is vital to the system’s success . symposium cafe’s and little kickers’ strong results demonstrate they offer outstanding support to their franchisees . ”
open exclusively to cfa - member franchise systems who have been franchising for three years or more , the cfa awards of excellence in franchising recognize excellence in franchise operations . winning systems must demonstrate a dedication to superior franchisee relations , leadership , business planning , marketing , training and support , ongoing operations and communications .
this year , more than 70 cfa - member franchise systems participated in the competition , setting a new record . the winning franchise systems were decided based on the results of a survey completed by participating franchisors and their franchisees about their experiences and levels of satisfaction with the system . the cfa awards of excellence in franchising is sponsored by the cfa and administered by the portage group , a third - party research firm .
entries were separated into traditional franchises ( those with brick and mortar locations ) and non - traditional franchises ( those that are mobile or home based ) . within these categories , entrants were grouped based on number of franchisees .
these categories reflect the wide range of franchise opportunities in today’s marketplace and create a more even playing field for the ranking of each entry .
gold : triple o’s silver : ucmas mental math schools bronze ( tie ) : speedpro signs and wendy’s restaurants of canada inc .
gold : pizza nova silver : a & w food services of canada bronze : boston pizza international inc .
non - traditional franchises ( i . e . mobile , home - based , etc . )
for more information about the cfa awards of excellence in franchising , visit urltoken .
about the canadian franchise association the canadian franchise association ( cfa ) helps everyday canadians realize the dream of building their own business through the power of franchising . cfa advocates on issues that impact this dream on behalf of more than 700 corporate members and over 40 , 000 franchisees from many of canada’s best - known and emerging franchise brands . beyond its role as the voice of the franchise industry , cfa strengthens and develops franchising by delivering best - practice education and creating rewarding connections between canadians and the opportunities in franchising . canadian franchises contribute over $ 96 billion per year to the canadian economy and create jobs for more than 1 . 8 million canadians . learn more at urltoken or urltoken .
( toronto , on ) april 25 , 2018… the canadian franchise association ( cfa ) ( www . cfa . ca ) announced the recipients of the 2018 franchisees’ choice designation last night at a gala awards presentation during the 27th annual cfa national convention in ottawa , ontario . this is the eighth year for the annual awards program and , to recognize franchise systems that have been awarded the franchisees’ choice designation multiple years in a row , cfa has introduced special 5 , 6 , 7 and 8 - year logos that these companies can use to promote their consistent high marks from franchisees .
“the true strength of a franchise system lies in the mutually - rewarding relationship between a franchisor and its franchisees , ” says lorraine mclachlan , cfa president and chief executive officer . “being a franchisees’ choice designee is a high honour because the high rankings in franchisee satisfaction come directly from the franchisees themselves . to earn that honour year over year is especially significant because it shows that these recipients are consistently earning high marks from their franchisees . ”
the franchisees’ choice designees are cfa member franchise systems who voluntarily took part in an independently - administered survey . their franchisees were asked to rate the franchisor in key areas of the franchise business model , including leadership ; business planning and marketing ; training and support ; ongoing operations ; and the relationship between the franchisor and franchisee .
in the due diligence process of investigating a franchise opportunity , speaking with existing franchisees about the opportunity being explored is essential . for prospective franchisees , the franchisees’ choice designation identifies that a franchise brand has received solid endorsement and ratings from its franchisees . the 2018 franchisees’ choice designees are representative of the spectrum of franchise opportunities and the diversity and excellence of cfa members .
regardless of any awards or recognitions a franchise system may receive , cfa strongly recommends that prospective franchisees conduct thorough due diligence . cfa offers an array of products and events for prospective franchisees , including cfa’s official online franchise directory lookforafranchise . ca , franchisecanada magazine , the annual franchisecanada directory and the franchise show , canada’s largest franchise - only exhibition held across canada .
for more information about the franchisees’ choice designation program , visit www . awardsprogram . ca .
about the canadian franchise association the canadian franchise association ( cfa ) helps everyday canadians realize the dream of building their own business through the power of franchising . cfa advocates on issues that impact this dream on behalf of more than 700 corporate members and over 40 , 000 franchisees from many of canada’s best - known and emerging franchise brands . beyond its role as the voice of the franchise industry , cfa strengthens and develops franchising by delivering best - practice education and creating rewarding connections between canadians and the opportunities in franchising . canadian franchises contribute over $ 96 billion per year to the canadian economy and create jobs for more than 1 . 8 million canadians . learn more at urltoken or www . franchisecanada . online .
( toronto , on ) april 9 , 2018… the canadian franchise association ( cfa ) is pleased to announce the winners of the 2018 cfa recognition awards . the awards will be presented during a gala awards presentation dinner on monday , april 23 at the 27th annual cfa national convention in ottawa , ontario .
cfa recognition awards pay tribute to individuals and franchise systems for their achievements and contributions to the canadian franchise community , and for their commitment and contributions to philanthropic endeavours . nominations are solicited from cfa members across canada and winners are selected by committee based on merit .
“the cfa recognition awards are about excellence in the franchise community , ” says the cfa’s president and chief executive officer , lorraine mclachlan . “franchising is a significant business sector in canada making positive contributions to the canadian economy and the community - at - large . our prestigious cfa recognition awards celebrate these contributions . we congratulate all the winners on their achievements . ”
new this year , the cfa has introduced a diversity and inclusion champion award to recognize a company or individual for extraordinary leadership and contribution towards improving and promoting diversity and inclusion within their workplace and the franchise community in canada .
trail - blazer . it’s the one word that best sums up randy moore and his achievements as president and ceo of mister transmission , a leading brand in driveline repairs . from a single store in richmond hill , ontario in 1963 , ( where he was store manager ) , to more than 60 locations across the country , randy moore’s role in mister transmission’s growth is nothing short of exemplary . through the span of his 40 - year career , he’s gone above and beyond , mentoring franchisees across the automotive sector and forging one of canada’s most iconic and memorable brands .
with over 24 , 700 learning centres and 4 . 3 million enrolments to date , kumon is one of the fastest growing businesses , helping children achieve their academic potential worldwide . but back in 1954 , founder toru kumon was only intent on helping one child achieve his potential : his son . after coming home with poor test results , kumon created math worksheets for his son’s daily practice .
fast forward to 2018 and children all over world use kumon’s math sheets as a springboard to success . through an unwavering commitment , the kumon brand continues to ensure every child is able to reach their academic goals through partnerships with organizations like the japan integration cooperation agency and bangladesh rural advancement committee .
walking the walk , bioped is more than just a brand specializing in custom orthotics . it’s a brand that’s helped underprivileged communities around the world move safely , easily and comfortably through its goodytwoshoes foundation . partnering with charities like salvation army shelters since 2010 and soles4soles more recently , bioped has kept shoes out of landfills and provided footwear to people in need . from children walking to school to receive an education to women working out on fields to feed their families , bioped remains dedicated to providing the foundation for happy and healthy communities everywhere .
with potential changes to ontario’s labour laws posing a critical threat to franchising in the province , the cfa’s ability to advocate for franchisors and franchisees on this issue would not have been possible without the dedicated volunteers who made up the cfa changing workplaces task force . formed in november 2015 , the task force worked tirelessly to ensure that the government did not adopt recommendations for a joint - employer designation for franchisors , which would have destroyed the franchise business model in canada . as a result of these efforts , joint - employer was not included in ontario’s new labour legislation , and franchisors were not singled out in any of the amendments .
the cfa’s golf tournaments are back , and bigger and better than ever before ! join us this june for one of three golf classics in british columbia , ontario , and new brunswick .
exclusive to cfa - member and non - member franchisors and industry suppliers , each golf classic is designed to optimize your chances of making substantial business connections , connect with colleagues and industry leaders , and discover new ways to enhance the franchise business model .
all proceeds will go towards cfa’s advocacy efforts , which includes leading the fight against legislation that prohibits franchise systems from effectively executing their businesses , while simultaneously promoting excellence in canadian franchising .
golf competitions will be held throughout the day * in addition to the main 18 - hole tournament where you and your team can compete to win the cfa’s golf cup and be fitted for blue jackets .
registration for all three tournaments includes : green fees , a shared power cart , lunch , reception , and dinner .
for sponsorship opportunities , please contact lou gervasi at lgervasi @ urltoken or 416 - 695 - 2896 ext . 243
canada’s biggest franchise conference is just around the corner ! taking place april 22 - 24 in ottawa , ontario , the canadian franchise association ( cfa ) national convention is the best place to network with the industry’s top executives and create influential business connections with esteemed franchise leaders . click here to see who will be attending this year’s conference !
with convention just around the corner , anticipation is running high ! we asked our board members what they’re most looking forward to this year . from networking to learning to connecting with industry peers , here’s what they had to say :
“i am particularly excited and looking forward to the 2018 cfa convention due to the stellar line up of speakers and topics . i look forward to facilitating a roundtable session on how to make the most of your cfa membership , a ceo break out session , and to hosting several guest speaker sessions . most of all , i look forward to seeing friends and colleagues and to meeting new members and friends . networking and learning at the cfa convention is top tier and i always come away with new ideas and knowledge . ” – dawn mucci , lice urltoken
“the cfa convention is a great way to connect with the industry , explore new ideas , and discover opportunities . ” – hadi chahin , mary brown’s inc .
“the cfa national convention is about sharing ideas . i’m most looking forward to re - connecting with friends and colleagues from the franchising industry – and meeting a few new people , too ! ” – clark harrop , mcdonald’s restaurants of canada limited
“as a member of the board of directors for the cfa , i can say that the cfa has been working hard to support our members , including making changes to the lead generation platforms and hosting the toronto franchisecanada show free of charge to visitors . i am hoping to get some feed back from members on their successes and where we can help more . franchising is a big part of the canadian economy , and i am looking forward to many more years of success . ” – sebastian fuschini , pizza pizza
“i cannot wait for the convention this year ! it looks like there will be some great speakers but i like the roundtable discussions the most , as you get to hear views from other franchisors and take home some good tips for your own franchise program . the networking is another plus , along with meeting with all the suppliers in the marketplace . will never miss the convention and looking forward to another great one ! ” – joel friedman , pumpernickel’s
“it’s not just another convention – it’s a powerful meeting of the franchise business sector . each member , whether a seasoned franchisor or a new member , has the opportunity to exchange information , to freely share ideas , experiences , and knowledge , and to learn from each other . i always come away thinking , ‘wow , that program or idea could work for us . ' ” – terry hould , servicemaster of canada limited
don’t miss out on all of the excitement ! click here for full details about this year’s education and social program and register today .
( toronto , on ) march 28 , 2018… century 21 founder u . gary charlwood and nurse next door co - founder john dehart – two of canada’s greatest business success stories – are among the experts who will address franchise business leaders during the 27th annual canadian franchise association ( cfa ) national convention , to be held from april 22 to 24 at the westin ottawa .
more than 500 franchisors are expected to attend this year , representing canada’s leading brands including mcdonald’s restaurants of canada , propertyguys . com , dairy queen , boston pizza , kumon canada , mister transmission , and a & w food services of canada .
“as the premier event for franchising in canada , the cfa national convention offers unmatched learning and networking opportunities for all franchise professionals , from new and established franchisors to franchise industry suppliers , ” says lorraine mclachlan , the cfa’s president and ceo . “with a powerful lineup of keynote speakers and more than 40 educational sessions to choose from , the cfa national convention provides a forum for franchise business leaders to network , share ideas and work together to shape the future of franchise excellence in canada . ”
gary charlwood , founder , charlwood pacific group , will share his inspiring journey from an employee struggling to make ends meet , to an international franchising trailblazer .
in addition to learning and networking , attendees will also celebrate their peers at the much anticipated gala awards presentation on monday , april 23 , where the cfa will announce the winners of the awards of excellence in franchising , franchisees’ choice designation and recognition awards . these highly coveted awards celebrate excellence in franchising and the mutually - rewarding relationship between a franchise system and its franchisees .
the canadian franchise association ( cfa ) helps everyday canadians realize the dream of building their own business through the power of franchising . cfa advocates on issues that impact this dream on behalf of more than 700 corporate members and over 40 , 000 franchisees from many of canada’s best - known and emerging franchise brands . beyond its role as the voice of the franchise industry , cfa strengthens and develops franchising by delivering best - practice education and creating rewarding connections between canadians and the opportunities in franchising . canadian franchises contribute over $ 96 billion per year to the canadian economy and create jobs for more than 1 . 8 million canadians . learn more at urltoken or www . franchisecanada . online .
most people would consider it a fairly long – and risky – leap to move from the fast - paced high - tech scene to the more sedate , conservative field of health care services . not john dehart – he paid no heed to the risks , and jumped right in .
after making his mark as an entrepreneur in the heady new york tech scene in the ‘90s , helping launch five tech companies as a venture capitalist , dehart did some soul searching and decided the tech world was not for him . while it was fast and fun , the industry lacked the “heart and soul” the young cornell business grad was looking for .
“i spent five or six years building high - tech companies , until i woke up one morning and decided to quit . that was right before the 2000 tech collapse , ” says dehart , who eventually went on to co - found the successful home health care franchise brand , nurse next door . “i didn’t really love what i was doing . ”
just shy of his 30 th birthday , the okanagan native joined his wife in vancouver , where she was studying , and personal experience soon pointed him in the direction of health care . dehart’s future business partner , ken sim , was trying to find a caregiver for his wife when she went on bed rest with their first child , and it was a real challenge . “i had had previous challenges with my grandmother , who had alzheimer’s , ” says dehart . “the home care industry is unregulated , and it was like the wild west . you never knew what you were getting . ”
that spelled opportunity for the two , who decided to launch a business to fill what they saw as a vacuum in the marketplace . their goal was to put their finely - honed business sense to use by building a completely different , aspirational health care model that would deliver more than just run - of - the - mill home care . that model was nurse next door , which launched in 2001 , and is continuing to grow in leaps and bounds .
“our approach is different – we look at how we can bring a little bit of happiness into a senior’s life , and our service model revolves around that , ” explains dehart . “by focusing less on the clinical task and more on the personal experiences of the person , we deliver a very social model of care . it’s a radically different way to deliver health care and home care . ”
at nurse next door , the focus is on happier aging rather than just churning out a set of practical services . while the services are obviously provided , this is done within the framework of bringing happiness to the day - to - day lives of the company’s senior customers . a question asked of every client is : “what’s the one thing you love to do that you can no longer do ? ” caregivers then try to help clients rediscover lost activities and interests .


libyan foreign bank ( lfb ) was established in 1972 in tripoli , libya as libyan arab foreign bank ; it was renamed libyan foreign bank in 2005 .

it was libya 's first offshore banking institution licensed to operate internationally .

the head office is located in libya 's capital tripoli .

since 2010 , the bank owns 84 % of british arab commercial bank , and 68 % of banca ubae ( est. 1972 ) in rome .

libyan foreign bank

libyan foreign bank ( a libyan joint stock company ) was established under lwa no . 18 / 1972 , and is subjected to law no . 1 / 2005 on banking , the commercial law and its amendments and related regulations .
libyan foreign bank would also focus on “strengthening” operations in chad , burkina faso , togo , algeria and tunisia and was looking to move into eastern and southern africa either with a partner or alone .
“al baraka has historical and strong relations with the libyan banks and the libyan market , especially the libyan foreign bank , which plays a leading role in libya , africa , asia , europe and america and owns main participations in 40 banking and financial institutions in all these countries…it is natural to look forward to working with the libyan foreign bank to integrate our large resources and potentials in all forms and fields of banking to achieve mutual benefit and to improve the integrated work models among the arab banking institutions , ” said adnan ahmed yousif .
any investment of more than 5 percent in an italian bank needs the approval of the bank of italy .
leading bahrain - based islamic banking group al - baraka banking group ( abg ) have signed a memorandum of understanding ( mou ) with the libyan foreign bank ( lfb ) to develop their banking relations across the board .
al baraka banking group , b . s . c ( abg ) , the leading bahrain - based banking group , has signed a memorandum of understanding ( mou ) with the libyan foreign bank ( lfb ) , the leading arab bank in africa , to collaborate in all banking areas .
the mou was signed by mr . adnan ahmed yousif , president & chief executive of abg and chairman of al baraka turk participation bank on behalf of al baraka banking group and mr . mohamed mohamed a . ben yousef , general manager of lfb on behalf of the libyan foreign bank .
, the united nations security council significantly relaxed its economic sanctions against libya by ( i ) declaring that the libyan national oil corporation and zueitina oil company were no longer subject to asset freezing and other requirements and ( ii ) exempting the central bank of libya , the libyan investment authority and other libyan entities from most sanctions measures .
mr . saddek omar elkaber , governor of the central bank of libya met with mr . marwan alabasi , governor of the central bank of tunisia on…
) holds 48 percent , to make the bank a hub for its european operations .
libya is struggling to reform a highly - centralised banking system , seen widely as an obstacle to private investment and growth . the central bank said in march it aimed to grant licences allowing foreign lenders to operate in libya next year .
summary of the speech of mr . saddek omar elkaber , governor of the central bank of libya on 5 - 6 - 2018 at the press conference held concerning the libyan economic dialogue in tunisia
on the occasion , mr . adnan ahmed yousif said , al baraka has historical and strong relations with the libyan banks and the libyan market , especially the libyan foreign bank , which plays a leading role in libya , africa , asia , europe and america and owns main participations in 40 banking and financial institutions in all these countries . al baraka banking group , which has a good presence in the libyan market through its representative office , has a strong presence around the world and has 703 branches through its banking units in 15 arab , asian and african countries . the group will soon open its banking unit in morocco and have well - planned programs to expand in africa and asia , based on long - standing islamic banking experience , deep knowledge of the markets in which its units are located , with a strong network of relationships , wide financial and human resources and a rich record of excellent financial performance . therefore , it is natural to look forward to working with the libyan foreign bank to integrate our large resources and potentials in all forms and fields of banking to achieve mutual benefit and to improve the integrated work models among the arab banking institutions .
the bank is a corporate body having independent financial status and its assets only consulting guarantee to its liabilities .
bait - elmal said lfb would look to tap into its home economy by providing project finance in foreign currency and had taken part in a deal to finance the purchase of oil tankers .
the signing ceremony was held at the headquarters of al baraka turk participation bank at the attendance of a number of officials in the two institutions led by mr . meliksah utku the general manager of al baraka turk participation bank .
©copyright 2018 al baraka banking group ( licensed as an islamic wholesale bank by cbb ) , all rights reserved .
the mou was signed by president and chief executive of abg and chairman of al baraka turk participation bank , adnan ahmed yousif , and the general manager of lfb , mohamed mohamed ben yousef . meliksah utku , general manager of al - baraka türk participation bank also attended the signing which took place in istanbul at the headquarters of al - baraka turk participation bank .
in the framework of cooperation and collaborations between institutions , mr . saddek omar elkaber , governor of the central bank of libya…
lfb operates through its head office in tripoli – libya . the purpose of the bank is represented in overseas investments and banking activities and complementary and related financial activities . the bank practices the activity of opening accounts and accepting deposits from abroad and non - residents , in addition to banking and financial transactions with commercial local banks and any related banking activities licensed by central bank of libya .
in the presence of mr . saddek omar elkaber , governor of the central bank of libya , departments of the cbl held a…
secretary mnuchin leads u . s . delegation to g - 20 finance ministers and central bank governors meeting in buenos aires , argentina
most recently , the bank concluded its third brainstorming session which took place on march 11th and 12th in tunis attended by libyan economists , public administration , and private sector representatives . the initiative comes as an effort from the world bank in supporting the government of national accord in particular on an economic recovery and social stability prioritization and sequencing . the objective of the libya dialogue and planning exercise will be to bring libyans from different horizons together for a discussions to forge a locally defined and libyan owned vision and plan for recovery and development in the country .
the bank is committed to supporting libya’s transition and economic recovery through technical assistance and analytical services , as well as trust fund and grant financing . the bank has been implementing a program of post - conflict technical assistance ( ta ) with the authorities and development partners , and carrying out analysis since reengaging in october 2011 . post - conflict recovery priorities were defined jointly with the libyan authorities and are underpinned by analysis prepared with the united nations , the european union and the world bank group as part of a “watching brief” launched during the 2011 conflict .
mr . saddek omar elkaber , governor of the central bank of libya meets with mr . ahmed doghan the turkish ambassador to libya at…
mr . saddek omar elkaber , governor of the central bank of libya met with mr . ronald shtorm , ambassador of austria to libya and…
the mou aims to establish a close cooperation framework through which the two parties can activate joint initiatives and banking activities , as well as prepare technical cooperation programs in the future . it also includes the exchange of knowledge by al baraka banking group , which will benefit the libyan foreign bank in the field of islamic banking , enhance cooperation in correspondent banking and commercial finance operations between the two banks as preferred trading partners , and further cooperation in liquidity management , investments , exchanging information and ideas and making use of the network of resources available to each party .
a meeting was held at the central bank of libya on friday night 6 - 6 - 2018 , with the attendance of mr . saddek omar…
( lfb ) is a commercial bank that provides a wide range of banking services for clients in libya and internationally . the central bank of libya owns 100 % of lfb . the bank provides short - term loans , medium - term loans , long - term loans , and syndicated loans , credits cover , documentary credits , letters of guarantee , and overdraft services , demand and term deposits . lfb also provides banking transactions and services .
ansar al - sharia ran training camps for foreign fighters , including a significant number of tunisians , travelling to syria , iraq and mali . individuals associated with ansar al - sharia participated in the september 2012 attacks on the us diplomatic mission in benghazi .
set up in 1972 , the bank is an offshore institution licensed to operate internationally and does not provide banking services in its home north african market .
on august 31 , 2011 , canada lifted its unilateral sanctions imposed against libya under the special economic measures act . these contained a number of requirements and prohibitions concerning activities involving the government of libya and its departments , institutions and agencies , including the central bank of libya . a summary of these and other canadian sanctions measures imposed against libya on february 27 , 2011 can be found here . although canada’s unilateral sanctions against libya no longer apply , until now , measures imposed under canada’s united nations act remained in force , including restrictions on dealings with the central bank of libya , the libyan national oil corporation , and the libyan investment authority as well as entities owned or controlled by them .
with the prospects of a possible government of national accord , the world bank group is increasing its partnership with other donor agencies to help gathering relevant libyan stakeholders to discuss change and reform and seeking some sort of consensus on how should we reengage and support the restoration of key institutions as well as coordinated international offer of support to the new libyan government . despite the current political crisis , the world bank has not stopped its technical assistance to libya . the on - going work has been selective in content and counterparts , focusing on building the capacity of the public administration counterparts with whom strong working relations had been established before the political crisis materialized . in particular in the areas of public financial management , governance , internal control , islamic banking , energy , private sector development and decentralization . this program is being funded by world bank and trust fund resources .
on september 23 , 2011 , canada amended its libyan sanctions regime to implement recent steps taken by the united nations security council significantly relaxing measures imposed against libya . canadian companies should be reviewing these changes to ensure that their compliance programs are fully up - to - date and any resumption of activity involving libya or libyan entities is fully compliant with economic sanctions measures that remain in force .
it has held a 0 . 56 percent stake in unicredit since 1997 and bought another 3 . 67 percent together with the libyan investment authority , the oil - exporter’s sovereign wealth fund , in october .
although several budgets have been presented by the tripoli administration and the hor ( tobruk , eastern administration ) , the central bank of libya ( cbl ) did not acknowledge any budget as being the legal , legitimate libyan budget for fy2015 . in effect , neither the budget submitted by rival parliaments in tripoli and in the eastern city of tobruk have been recognized . the central bank of libya ( cbl ) has only disbursed funds regarding wages and salaries ( chapter 1 ) ; student scholarships abroad ; oil / gas sector development ; electricity ( chapter 3 ) ; and , essential subsides items ( chapter 4 ) .
the world bank group works in every major area of development . we provide a wide array of financial products and technical assistance , and we help countries share and apply innovative knowledge and solutions to the challenges they face .
neither turkey nor qatar have the same level influence on the government of national salvation and its allies that egypt and the uae have on the tobruk side . turkish companies have , according to the un panel of experts , delivered weapons to one side ( the defunct libya dawn coalition ) and qatar has maintained links with one libyan politician and former jihadist – abdelhakim belhadj – since 2011 . yet none of the major libyan actors respond to input from ankara or doha the way that tobruk aligns itself with cairo’s policies .
isis also had a smaller presence on the outskirts of sabratha , a coastal town in western libya , until a combination of us airstrikes and attacks by local forces – including former jihadists from that first generation – managed to uproot the militants earlier this year . in benghazi , those fighting haftar’s operation dignity include libyan and foreign members of isis . although sirte was the group’s ostensible base , isis sleeper cells operate in tripoli and other cities and towns in libya . while the pentagon estimated there were over 6 , 000 isis fighters in libya prior to the bam operation , the un and many libyans believed that the actual number was much lower .
lfb started exercising its activity in the year 1972 with a paid up capital of 20 million libyan dinars ( equivalent to 67 . 4 million usd ) . at the beginning of the year 2006 the paid up capital of lfb has increased to 1 billion usd .
a number of other militias in tripoli and its hinterland , some of which have links to figures from the now defunct libyan islamic fighting group ( lifg ) , have been sceptical of the unity government from the outset and have clashed with kara and tajouri’s forces .
the tobruk centre of power has also established its own central bank and its own noc which are not recognised on international markets and which were supposed to merge with their tripoli counterparts . the merger has , so far , not happened .
with 189 member countries , staff from more 170 countries , and offices in over 130 locations , the world bank group is a unique global partnership : five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries .
the brsc’s ranks were fed by youth radicalised by haftar’s scattergun campaign , which sought not only to eradicate islamists of all stripes , including the muslim brotherhood , but also took on an ethnic character at times , targeting families of western libyan – and particularly misratan – origin in the city .
many of these fighters fled sirte before bam forces entered the city . they then travelled in three directions : south - west towards sebha , west towards sabratha and south - east towards the border with sudan . most foreign intelligence estimates hold that the group now has upwards of 600 fighters , mostly scattered across libya’s south - west and central regions , with notable concentrations around bani walid and the area south of sirte , including the jufra hinterland .
the third centre of power is made up of the authorities based in tobruk and bayda , which were also supposed to work under the lpa . the house of representatives ( hor ) in tobruk would become the legitimate legislative authority under the lpa but it has so far failed to pass a valid constitutional amendment to enshrine itself as an authoritative institution . instead the hor endorsed the rival government of abdullah al - thinni which operates from the eastern libyan city of bayda . the tobruk and bayda authorities have been aligned with the egypt - aligned , self - described anti - islamist general khalifa haftar , who leads the libyan national army ( lna ) .
canadian companies seeking to engage or to re - engage in business with libya or involving libyan - owned or controlled entities should tread carefully . it will be important to closely review the remaining sanctions in canada , the united states and the european union to ensure companies continue to maintain effective due diligence and full compliance with applicable requirements .
the international finance corporation ( ifc ) , the world bank’s private sector arm , is keen to support the private sector in libya through its investment and advisory services . in the short term , creating access to finance for small and medium enterprises , and especially leasing , is an immediate area which ifc will start working on . on the advisory side , the ifc is working to raise awareness and provide capacity building for the financial sector as well as private participation in infrastructure development , possibly through promoting public private partnerships . the ifc and the world bank are coordinating support to strengthen the financial and private sectors .
al baraka banking group ( b . s . c ) is licensed as an islamic wholesale bank by the central bank of bahrain , listed on bahrain bourse and nasdaq dubai stock exchanges . it is a leading international islamic banking group providing its unique services in countries with a population totaling around one billion . it is jointly rated bbb + ( long term ) / a3 ( short term ) on the international scale and a + ( bh ) ( long term ) / a2 ( bh ) ( short term ) on the national by islamic international rating agency & dagong global credit rating company limited , and by standard & poor ' s at bb + ( long term ) / b ( short term ) .
the cost of the political conflict has taken a severe toll on the libyan economy , which has remained in recession for the third consecutive year in 2015 . political strife , weak security conditions , and blockaded oil infrastructures continue to constrain the supply side of the economy . production of crude oil fell to around 0 . 4 million barrels per day ( bpd ) or the fourth of potential . the non - hydrocarbon output remained weak due to disruptions in the supply chains of both domestic and foreign inputs , as well as lack of financing . in this context , gdp is estimated to have declined by 10 percent and per capita income has fallen to less than us $ 4 , 500 compared to almost us $ 13 , 000 in 2012 . inflation strongly accelerated last year driven by high food prices . lack of funding to finance imports , especially subsidized food , generated chronic shortages in basic commodities and expansion of black markets activities . this situation was exacerbated by households attempting to stockpile food . inflation averaged 9 . 2 percent in 2015 , mainly driven by a 13 . 7 percent rise in food prices . prices of flour and bread quintupled .
disclaimer | the information contained in this website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation . we do not warrant or guarantee that the site will be up - to - date accurate , complete or continuous at all times . the bank directory is published solely as a courtesy . we assume no responsibility or liability for any errors or omissions in the directory .
we start by providing an overview of financial systems in the african continent . we then consider the regions of arab north africa , west africa , east and central africa , and southern africa in more detail . the paper covers , among other things , central banks , deposit - taking banks , non - bank institutions , such as the stock markets , fixed income markets , insurance markets , and microfinance institutions .
two other institutions are based in tripoli and play a major role in libya’s politics . the central bank of libya , which is where oil money is paid and government money is disbursed . though pledging loyalty to the pc , it has had an uneasy relationship with it . the national oil corporation ( noc ) is also formally loyal to the pc but has had relatively good working relations with haftar’s lna after its seizure of eastern oil ports .
also called tandhim ad - dawla ( the organisation of the state ) by libyans , isis controlled the central mediterranean coast of libya around the city of sirte until a misratan - led operation to uproot it began in may . isis has carried out attacks in all major libyan cities , including the capital tripoli . isis has also had a presence in other parts of libya , including benghazi , where it was largely defeated by heftar’s lna . its affiliates have mostly been driven out from the towns of derna and sabratha by anti - haftar forces .
local returnees from syria helped form libya’s first isis affiliate in the eastern town of derna in 2014 . many had fought as part of isis’s al - battar unit in northern syria before returning home to replicate the model with help from senior non - libyan isis figures . the leadership of isis in libya has always been dominated by foreigners . its leader earlier this year was abd al - qadir al - najdi , whose name suggests saudi origins . he replaced an iraqi whom the us claims it killed in an airstrike in eastern libya in 2015 .
companies that accept and manage deposits from individuals , firms , and governments and channel the funds into lending activities . offshore banks carry out their activities such that they are located in countries ( or designated areas within countries ) that provide financial and legal advantages not available in the country of residence of the depositors . advantages include bank secrecy , less restrict and transportive legal regulation , low or no taxation , protection against local political or financial instability , or other advantages . includes conventional and islamic banks .
no other arab country plays as powerful a role in libya as egypt . testament to egypt’s involvement in the region is the regular travel libyan leaders make to cairo . the relationship between tobruk and egypt is not just defined by significant arms deliveries but also by a shared political project : eradicating political islam and enhancing the autonomy of eastern libya . for egypt , according to some authors , having cyrenaica – the eastern region of libya – under the role of a leader that is friendly to egypt ( haftar for instance ) would create a buffer zone with isis and a territorial hinterland for any opposition to the regime in cairo .
although sharing some of the same goals as egypt , the uae has a more nuanced position on the situation in libya . reportedly , it has been more supportive of un negotiations and ultimately less engaged on libya since its intervention in yemen . nevertheless , emirati weapons are still delivered to both haftar and the militias of the city - state of zintan , according to a report from a un panel of experts . moreover , the uae’s political influence should not be underestimated . aref al - nayed , who was libyan ambassador to abu dhabi until he resigned in october , was key to the uae’s role in libya and was even touted as potential prime minister at one point .
at the moment libya has three centres of power . the first is the presidency council ( pc ) , which has been based in tripoli since 30 march 2016 . the pc is headed by fayez al - sarraj – a former member of the tobruk parliament , where he represented a tripoli constituency – and it was born out of the signing of the un - brokered libyan political agreement ( lpa ) in december 2015 . according to this agreement , the pc presides over the government of national accord ( gna ) , also based in tripoli . the gna should be endorsed by the tobruk - based house of representatives ( hor ) ac - cording to the agreement , but on two occasions the hor has voted down the list of ministers .
developments over the past year have made elements associated with the former gaddafi regime more confident than at any point since his ousting in 2011 . saif al - islam gaddafi , the son of the former libyan dictator , was reported “freed” in june 2017 after being held for six years by a militia in zintan . speculation that he seeks to make a comeback – though in what way is not clear – continues amid growing consensus that former regime elements should be included in any sustainable political settlement . the former regime camp is far from united or cohesive , however , and includes prominent figures like saif al - islam , tribal elements , and armed groups including the one that sabotaged the great man made river project in late 2017 , disrupting the water supply in tripoli and its environs .
while khalifa haftar is recognised as general commander of the armed forces by the hor in eastern libya , his self - styled libyan national army ( lna ) is a mix of military units and tribal or regional - based armed groups , and is not recognised as a proper army by all military personnel across the east or west of libya . a number of senior military figures refused to join haftar’s operation dignity against islamists when it launched in may 2014 . some of these have since joined forces with his adversaries , whether cooperating with militias that comprised the now defunct anti - haftar libya dawn coalition in western libya , or joining with local jihadist - led groups to drive isis out from the eastern town of derna . haftar’s opponents claim his irregular forces include sudanese mercenaries , particularly from the darfuri rebel group jem .
protracted political standoff , coupled with lower international oil prices and generous subsidies have weakened public finances and external position . budget revenues from the hydrocarbon sector have fallen to only a fifth of their pre - revolution levels , while spending has remained high . the share of the public wage bill in gdp is astronomic ( around 60 percent ) , mainly reflecting a plethoric public sector . meanwhile , investments have been insufficient for sustaining adequate public provision for health , education , electricity , water and sanitation services . however , savings have been realized on subsidies thanks to tougher control of the supply chains of subsidized products and lower import prices . overall , the budget deficit rose from 43 percent of gdp in 2014 to more than 75 percent of gdp in 2015 . being highly dependent on hydrocarbon exports and food imports , libya’s balance of payments suffered in 2015 . representing 97 percent of total exports , oil receipts are estimated to have declined to less than 15 percent of their 2012 level . meanwhile , consumption driven imports remained high . as a result , the current account swung from balance in 2013 to a deficit estimated at around 76 percent of gdp in 2015 . to finance these deficits , net foreign reserves are rapidly being depleted .
figure 1 below provides a snapshot of 2012 - 2015 libyan national budget . during the 2010 - 2013 period , the executed budget did not typically exceed the overall amount authorized by parliament , but its composition substantially differed from that of the approved budget . the overall rate of budget execution was around 80 percent in 2010 and 2012 and was about 93 percent in 2013 . there has been no approved ( official ) budget over the past two years ( 2014 - 2015 ) . in fy2012 , development budget spending accounted for slightly more than 52 % of all government spending , with wages and salaries comprising 24 % . however , over the past several years , development spending has virtually collapsed , comprising an estimated 15 % of total government spending in fy2015 , down from a budgeted 52 % of total budget spending in fy2012 .
immediate challenges are to manage fiscal spending pressures while restoring and improving basic public services . a longer term goal is to help develop the framework and institutions for a more diversified market - based economy , broadening the economic base beyond the oil and gas sector . although the bank’s post - conflict engagement was initially expected to accompany only libya’s short term economic recovery efforts , the transition program will lay the foundation for longer term goals . this includes creating a more vibrant and competitive economy with a level playing field for the private sector to create sustainable jobs and wealth . it also includes transforming the management of oil revenues to ensure they are used in the best interests of the country and to the benefit of all citizens equally . this will also ensure that citizens have a role in defining and voicing their communities’ best interests .
libya’s jihadist network can be divided along generational lines , starting with those who emerged in the 1980s . many from that older generation fought against soviet - backed forces in afghanistan . these veterans later created a number of groups in opposition to muammar gaddafi , the largest of which was the libyan islamic fighting group ( lifg ) which is now defunct . several former lifg figures , including its final leader , abdelhakim belhadj , played key roles in the 2011 uprising and went on to participate in the country’s democratic transition , forming political parties , running in elections , and serving as deputy ministers in government as in the case of khaled sherif at the ministry of defence . this did not sit well with the second and third generation of jihadists – among the former were those who fought in iraq after 2003 , among the latter were those who fought in syria after 2011 – who lean towards more radical ideologies and reject democracy as un - islamic . the libyans that have joined isis tend to come from the second and third generations .
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al baraka offers retail , corporate , treasury and investment banking services , strictly in accordance with the principles of the islamic shari ' a . the authorized capital of al baraka is us $ 1 . 5 billion , while total equity is at about us $ 2 billion . the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries , which in turn provide their services through over 700 branches . al baraka currently has a strong presence in turkey , jordan , egypt , algeria , tunisia , sudan , bahrain , pakistan , south africa , lebanon , syria , iraq and saudi arabia , including two representative offices in indonesia and libya .
mr . ahmed mohamed ben barka ( chairman ) , mohamed m . benyousef ( md )
that al emad complex , tower 2 p . o . box 2542 , tripoli
the indian fintech space is expected to reach $ 2 . 4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of india ' s digitally active consumers are adopting fintech and are the driving force for new technology adoptions .
digital banking and security
titled international banking exhibition & conference will be held in baku on 17 - 18 of april , 2018 by fa international trade events .
on the 26th of september , in the saint - petersburg ( russia ) , will be held the blockchain life 2017 - the largest conference about bitcoin , the blockchain , cryptocurrency , and mining .
today indian economy is considered as one of the fastest growing economies in the world and contributing to its high growth are many critical sectors , amongst which the bfsi sector is unarguably one of the most distinguished sectors of indian economy .
futuretech congress ended its two - day event devoted to innovations in the fintech , insurtech and big data industries .
on 29 / 12 / 2009 the extraordinary general assembly meeting of shareholders of lfb decided to increase its capital to 2 billion usd as per decision no . 1 for the year 2009 .
furthermore , the extraordinary general assembly meeting of shareholders of lfb decided in its meeting dated 21 / 02 / 2010 to increase its capital with another 1 billion usd as per decision no . 2 for the year 2010 and with this increase the paid up capital of lfb amounts to 3 billion usd with an authorized capital of 8 . 7 billion usd divided into 87 million shares at a value of 100 usd per share .
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“the mou aims to establish a close cooperation framework through which the two parties can activate joint initiatives and banking activities , as well as prepare technical cooperation programs in the future , ” abg has said .
the mou will include the exchange of information , which in the case of the lfb should benefit it in the field of islamic banking . it is also hoped it will enhance cooperation in correspondent banking and commercial finance operations between the two who have identified each other as “preferred trading partners . ” additionally , the mou will work towards further cooperation in liquidity management , investment and taking advantage of the network of resources available to each party .
firms that carry out proprietary investments ( i . e . their own funds ) in private , government , and publicly listed companies . the investment companies include holding companies , investment groups , and other firms .
companies that primarily invest in companies that operate in various sectors . the investment companies include conventional and islamic private equity , holding , and venture capital firms .
companies that provide financial services and products that facilitate the creation , liquidation , or change in ownership of money and other financial assets . includes credit - related services , investment - related services , oversight services , investment banking , all other banking , insurance , central banks and monetary authorities , and stock exchanges .
companies that collect funds through accepting deposits and channel the funds into lending activities . the companies also provide services that facilitate the lending of funds such as mortgage and loan brokerage services , clearinghouse and reserve services , check cashing services , and other banking operations such as providing atms . includes conventional and islamic commercial , specialized , offshore , and online banks .
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asian refiners buying more oil from outside iran after u . s . sanctions - kpc ceo
no breakthrough in nuclear talks as iran demands more after u . s . exit
for airlines , flexibility key to coping with u . s . - china trade war - emirates executive
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the btl network in tunisia is now made up of 15 agencies employing 250 executives and agents .
libya , home to africa’s largest oil reserves , has seen revenue grow as it emerges from decades of western sanctions , and the government is looking abroad for profitable investments .
“our capital is $ 1 billion , we hope to get it up to $ 10 billion , that’s our plan . . . hopefully in the next two to three years , ” chairman mohamed bait - elmal said , adding that the lender would get the additional funds from shareholders .
“we are going to have a new strategy because of the changes in the world , ” bait - elmal told reporters on the sidelines of a banking conference in dubai . “we would like to have participation in london , usa , paris , rome . ”
western firms have turned increasingly to arab oil exporters and their sovereign wealth funds for cash as the financial crisis freezes credit markets and hits their market values .
“we will buy hsbc’s shares . . . they will go down to 19 percent and we will be buy the rest , ” bait - elmal said , adding it would also buy shares from other shareholders to take its stake above 70 percent . “we hope to have it by end of the year . ”
lfb , which already has subsidiaries in france and spain , will also inject more capital into rome - based banca ubae , in which it holds a 49 . 9 percent stake , according to its website .
in libya there are very few truly national actors . the vast majority are local players , some of whom are relevant at the national level while representing the interests of their region , or in most cases , their city . many important actors , particularly outside of the largest cities , also have tribal allegiances .
since the summer of 2014 , political power has been split between two rival governments in tripoli and in tobruk , with the latter having been recognised by the international community before the creation of the presidency council ( pc ) – the body that acts collectively as head of state and supreme commander of the armed forces – in december 2015 . several types of actor scramble for power in today’s libya : armed groups ; “city - states” , particularly in western and southern libya ; and tribes , which are particularly relevant in eastern and southern libya .
the second centre of power is the rival , but ever weakening government of national salvation headed by prime minister khalifa ghwell – resting on the authority of a rump of the general national congress ( gnc ) , the resurrected parliament originally elected in 2012 . the government of national salvation was also based in tripoli , although it no longer controls any relevant institutions . in october 2016 , ghwell tried to reassert himself but failed to gain wider support and his forces were kicked out from tripoli in the spring of 2017 . the vast majority of the members of the gnc ( also known as the “tripoli parliament” ) have been moved across to the state council , a consultative body created under the lpa which convenes in tripoli and is headed by abdul rahman swehli , a misratan politician ( and hor member ) who had previously been threatened with eu individual sanctions .
initially , the pc comprised nine members . two of them started boycotting its meetings early on , while others became inactive over time so that now only two figures re - main active on a daily basis within the council : pc president sarraj and his deputy , ahmed maiteeq .
prime minister al - sarraj is not a strong figure on his own , but some of the other eight members that originally madke up his pc have close links to powerful stakeholders .
his deputy , ahmed maiteeq , who served a short stint as prime minister of libya before being hit by a court ruling , comes from the powerful city - state of misrata , which is the biggest backer of the gna from both a political and military standpoint , though some elements in the city remain opposed to it . misrata’s militias were a crucial component in the downfall of gaddafi and are still one of the two most relevant military forces in the country , having taken the lead in the fight against the islamic state group ( isis ) in sirte in 2016 .
another important deputy is ali faraj al - qatrani , who is aligned with general haftar , who in turn heads the lna – the other large military force . al - qatrani has boycotted meetings of the pc almost from start on the grounds that it is not inclusive enough , and has publicly called for military rule under the lna .
another member of the presidency council , omar ahmed al - aswad , who comes from the town - state of zintan in western libya , has also previously boycotted the meetings of the pc . zintan played an important role in the fall of gaddafi - controlled tripoli in 2011 and the head of its military council , osama jweili , was appointed commander of the gna’s western region military zone in june 2017 .
others include abdessalam kajman , who aligned with the justice and construction party of which the muslim brotherhood is the largest component while another deputy musa al - kuni was selected to represent southern libya but later resigned .
finally , mohammed ammari represents the pro - gna faction within the gnc and fathi al - majburi , who was once an ally of the facilities guards ( pfg ) commander ibrahim jadhran until he was dislodged from key eastern oil ports by the lna .
the speaker of the general national congress nouri abusahmain and the prime minister of the “government of national salvation” , khalifa ghwell , come from the cities of zwara and misrata respectively . their military support base is the steadfastness front ( jabhat al - samud ) of salah badi . initially they represented the libya dawn coalition which included islamists , the city - state of misrata , and several other western cities ( including parts of the amazigh minority ) . both ghwell and abusah - main have been hostile to the pc and have been subjected to sanctions by the eu because of this . their support base has shrunk considerably and , at the moment , it is unclear whether they are capable of re - establishing a presence in tripoli .
the relationship between haftar and the speaker of the tobruk parliament , aguila saleh issa , has ebbed and flowed since 2015 . over the past year , it has become in - creasingly strained . haftar oversees his forces from his headquarters in marj ( in eastern libya ) and has exerted pressure on both the bayda government and the hor in tobruk . in july 2017 , haftar declared that his forces had “liberated” benghazi from both the islamist - dominated benghazi revolutionary shura council and isis , but fighting continues in pockets of the city . haftar’s camp has faced several challenges from within and without , not least from erstwhile ally faraj ghaim , who was appointed deputy interior minister of the government of national accord in 2017 .
nevertheless , over time egypt has put out at least two statements that contradict this position . on the one hand , diplomats and the mfa have given assurances of their support to the un - led political process ; on the other , the security apparatus has supported haftar , even when it was clear that he was on a collision course with un - backed unity efforts .
the two maghrebian countries , while having a high level of interest in what happens in libya , have not built a network of proxies in the country like other arab or regional powers . both countries have been vocal supporters of reconciliation and a political solution while closely coordinating with each other to contain the spillover from isis’ presence in libya .
the terms “army” and “militia” mean different things to different libyans and this is one of the consequences of the political power struggle that has roiled libya since 2014 .
haftar’s lna has different degrees of control in the area of central and eastern libya that stretches from ben jawad to the border with egypt . in this part of the country , lna’s colonel nadhuri is the military governor and he has replaced elected officials with military figures to head most municipalities across the east .
drawing its strength from a web of tribal alliances , haftar’s lna has expanded its presence across the area of central and eastern libya that stretches from ben jawad to the border with egypt , with the exception of the town of derna which has been besieged by lna - aligned forces for over a year . the lna appointed its colonel abdulrazaq nadhuri as military governor of eastern libya and he has replaced elected officials with military figures to head most municipalities across the east .
the libya dawn militia alliance that formed partly in response to haftar’s operation dignity in summer 2014 , and which drove then dignity - allied militias from the western town of zintan from tripoli , no longer exists . the coalition was made up of both islamist and non - islamist militias , armed groups from tripoli and the port city of mis - rata , and fighters from other parts of western libya , including from the amazigh mi - nority . it had fractured long before the un - brokered deal aimed at establishing a unity government was signed in late 2015 , with tensions growing between misratan factions and tripoli - based groups in particular .
at present , tripoli’s armed groups can be broadly categorised in terms of whether or not they support the unity government led by sarraj . most are either explicitly supportive of , or ambivalent towards , the unity government . one of the most important figures supporting the government is abdel rauf kara , leader of the special deterrent force ( or rada ) which is based in the maitiga complex , also home to tripoli’s only operating airport . kara’s salafist - leaning forces – which number around 1 , 500 – once sought to present themselves as a type of police force for the city , targeting alcohol and drug sellers in particular . now they focus their efforts on tackling isis cells and sympathisers in the capital . armed groups from the suq al - jumaa area of tripoli , including the nawasi brigade , are also key to securing the unity government .
another powerful figure in tripoli is haithem tajouri , who heads the city’s largest militia . tajouri , whose tripoli revolutionaries brigade ( trb ) has threatened and intimidated officials since 2012 , is not a particularly political figure . his priority is protecting the considerable interests he has accrued in the capital .
long - standing tensions between associates of sheikh sadeq al - gheriani , who was appointed mufti in 2011 , and adherents of a particular strand of salafism inspired by a saudi sheikh called rabee al - madkhali , have increased in recent years . colloquially known as madkhalis , they detest the muslim brotherhood and all forms of political islam . as a result , many madkhalis joined haftar’s operation dignity in eastern libya . their critics suspect they may be a trojan horse for saudi influence in libya . kara’s rada force contains a large number of madkhalis , as do a number of other militias in tripoli . the disappearance and presumed killing in 2016 of nader al - omrani , a member of al - gheriani’s dar al - ifta , was blamed on madkhalis , who have made clear their doctrinal disagreements with al - gheriani and his circle . in mid - 2017 , armed groups aligned with al - gheriani and figures from the former lifg lost territory and influence in the capital . several key personalities from this milieu are now based outside libya .
the prosperous port city of misrata is home to libya’s largest and most powerful militias . local rivalries feed the power - play between the city’s constellation of armed groups . several prominent political and business figures in misrata support the unity government , which includes misratan businessman ahmed maiteeq , as deputy prime minister . this has helped secure the backing of a number of the main armed groups from the city , including the two biggest – the halbous and the mahjoub brigades . a wildcard in misrata is salah badi , a controversial former parliamentarian and militia leader who was a key figure in the libya dawn alliance in 2014 and who opposes the un - backed unity government . tensions have also grown between the city’s mili - tary council and its municipal council , with the former attempting to unseat the latter .