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A new class, Emerging Entrepreneur Of The Year, was added to the awards of the Center East Entrepreneur of the 12 months 2008 by Ernst & Younger. It was gained by Sheikha Nadia Al-Dossary, CEO & Partner of Al Sale Eastern Company in Saudi Arabia. The award was offered at a glittering awards ceremony held underneath the Royal Patronage of His Majesty King Abdullah II Ibn Al Hussein, and attended by HRH Prince Ali Ibn Al Hussein, on the King Hussain Bin Talal Convention Center on the Useless Sea, Jordan.
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Taft shared the view held by Knox, a corporate lawyer who had founded the large conglomerate U.S. Steel, that the purpose of diplomacy was to create stability and order overseas that might best promote American industrial interests. Knox felt that not solely was the aim of diplomacy to enhance financial opportunities, but in addition to make use of private capital to additional U.S. interests abroad. Dollar diplomacy” was evident in in depth U.S. interventions within the Caribbean and Central America, especially in measures undertaken to safeguard American financial interests within the region. In China, Knox secured the entry of an American banking conglomerate, headed by J.P. Morgan, right into a European-financed consortium financing the development of a railway from Huguang to Canton. In spite of successes, dollar diplomacy” didn’t counteract financial instability and the tide of revolution in places like Mexico, the Dominican Republic, Nicaragua, and China.