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DBpedia 2016-04

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Matches in DBpedia 2016-04 for { ?s ?p "Al-Barakat, or Al-Barakaat (Arabic: البركات‎), which means \"Blessings\" in Arabic, is a group of companies established in 1986 in Somalia. The firm is involved in the modern form of hawala, an informal value transfer system and remittance method. By 2001, Al-Barakat had outlets in 40 countries, and was the country's largest private employer. It handled about $140 million USD a year from the Somali diaspora, and also offered phone and internet services.After the 9/11 attacks in United States, the US government listed Al-Barakat as a terrorist entity, seized its assets, and detained several people associated with the company. The firm's shut down placed an enormous strain on Somalia's economy, as a majority of residents were dependent on remittances sent by relatives based abroad. In 2012, the US and UN officially removed Al-Barakat from their blacklists, finding that there was no evidence of the company's involvement in funding of any terrorist activities. In 2014, a ceremony was held to mark the relaunching of the firm."@en }

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