Edward M. Fram

Edward Manuel Fram (1905–1955) was a Christian Iraqi entrepreneur and philanthropist.

Edward M. Fram
Born1905
Died1955
Basra
NationalityIraqi
OccupationEntrepreneur
Known forphilanthropy

Business activities

Insurance

Living and working in Basra in what was then the Ottoman Empire, Edward Fram was a key figure in the country's modern insurance industry, as the owner of one of Iraq's first insurance agencies operating under the Insurance Companies Act No. 74 (1 April 1936). This was the first Iraqi law passed to specifically regulate the industry.[1] Prior to this, only 3 insurance companies were known to be operating in Iraq, under the Ottoman Commercial Law of 9 August 1904,[1][2] one of which was the General Accident Fire and Life Assurance Corporation (now Aviva Insurance Ltd.) from 1928.[3] By the time of the nationalisation of the industry in 1964, there were still just 15 branches and agencies of regional (Arab) and foreign insurance companies across Iraq, including Egypt's Al-Chark Insurance Company.[4] Al-Chark (part of Misr Insurance since 2007[5]) was the first to set up an agency in Transjordan towards the end of the 1940s and was one of the first in Iraq, where Edward Fram acted as their agent from as early as 1936.[6][7] Fram also represented France's oldest insurer L’Union de Paris (later UAP, now part of AXA) and other insurance companies, along with Shafiq Ades, Andrew Weir, 1st Baron Inverforth and other notable businessmen.[7][8]

Agents and representatives of L'Union de Paris, Baghdad Branch. Edward Fram (top right), Clement Shammas (top left). In 1966, Shammas was appointed by Iraq’s then Prime Minister Abdul Rahman al-Bazzaz as the head of the Iraqi Insurance Organisation (abolished in 1988). Taken by A.Abbosh & Co., photographer who held the Royal Warrant to H.M. the King of Iraq; date unknown.

Bonds and securities

Fram was one of the first and main players in Basra's nascent bonds and securities markets from the mid-1930s.[9] His name is the only one listed in the Basra bonds section within Iraq's sole pre-Baathist business directory, published by the Interior Ministry in 1936.[9]

Other

Fram was a major goods importer, exporter, makers' representative and also acted as the exclusive agent in Iraq for Selfridges, amongst other western companies.

Letter from Mülhens GmbH & Co. naming Edward M. Fram's company as the sole distributor of all 4711 products in Iraq, March 1954. Source: The Foundation of Rhine-Westphalia Economy Archive of Cologne (RWWA).

During the Second World War, he provided housing for British troops as part of the development of Basra as a "large-scale base"[10][11] and traded scrap metal left by the British military after the war, as did other well-known merchants such as Naji Al-Khedhairi.[12] Fram also ran the Basra office of Iraq Tours, the country's first travel agency, which had Iraqi Prime Minister Tawfiq al-Suwaydi as chairman, and which played a key role in Operation Ezra and Nehemiah alongside the Near East Transport Company and the Israeli national airline El Al.[13][14]

Death

Edward Fram died aged 50 in a car accident, a short distance from his hometown of Basra, on his return from a visit to the Hanna-Sheikh family's Abu Al-Khaseeb retreat. A member of the Al-Sa'adoon family with whom he was travelling also died in the crash, along with the chauffeur.

Family and legacy

Edward Fram was survived by seven children (five daughters, two sons) and his wife, Salima (1920–1961). His youngest daughter, Thelma Edward Marougy (née Fram), is a fluid specialist at Eaton Corporation.[15][16][17][18] Edward Fram is the grandfather of American technology executive and namesake, Edward Y Abbo, formerly Senior Vice President at Oracle Corporation and currently President and Chief Technical Officer at C3 IoT,[19] a data analytics company founded in 2009 by Tom Siebel. He is also the grandfather of Michael Y Abbo, an emergency physician and assistant clinical professor at the University of California San Francisco,[20] Ayad Sarraf, former manager of Fulham Deaf FC and now club secretary,[21][22] and Sally Fram, PhD - a British cancer expert and regulatory affairs executive at AstraZeneca.[23][24] Edward Fram is the great-grandfather of Rafi Allos, an intellectual property specialist and partner at Allen and Overy.[25]

References
  1. Misbah Kamal. "The Beginnings of Insurance and Regulation of Insurance Activity in Iraq - An Overview" (PDF). Almosul.com. Archived from the original (PDF) on 18 January 2016. Retrieved 28 December 2015.
  2. Hanna Batatu, The Old Social Classes and New Revolutionary Movements of Iraq, (London, al-Saqi Books, 2000)
  3. "Aviva Insurance Ltd - Heritage - Aviva plc". heritage.aviva.com. Retrieved 14 January 2017.
  4. "History of IRAQ: Insurance in IRAQ - in Arabic & English". Iraqshistory.blogspot.co.uk. 29 August 2008. Retrieved 28 December 2015.
  5. "Misr Holding : Company Profile" (PDF). Misrholding.co. Retrieved 21 December 2015.
  6. Peter Borscheid, ed. (23 August 2012). World Insurance. ISBN 9780199657964. Retrieved 21 December 2015.
  7. Misbah Kamal. "Insurance Agencies in Iraq 1936". Academia.edu. Retrieved 21 December 2015.
  8. "Commercial Directory of Iraq" (PDF). 02e37c.netsolhost.com. Retrieved 21 December 2015.
  9. The Iraq Directory 1936, p. 139, p. 150, p. 152 and p. 194 (published by Dangoor Printing House under the supervision of the Iraqi Ministry of the Interior)
  10. Churchill, W. (1986). The Grand Alliance. Houghton Mifflin. p. 404. ISBN 9780395410578. Retrieved 14 January 2017.
  11. "Despatch on Operations in Iraq, East Syria and Iran, from 10th April, 1941 to 12th January, 1942" (PDF). Supplement to the London Gazette. His Majesty's Stationery Office. 13 August 1946.
  12. "Community Leaders". iraqijews.org. Retrieved 14 January 2017.
  13. Gat, M. (2013). The Jewish Exodus from Iraq, 1948-1951. Taylor & Francis. p. 97. ISBN 9781135246549. Retrieved 14 January 2017.
  14. Stein, L. (2013). The Making of Modern Israel: 1948-1967. Wiley. ISBN 9780745636238. Retrieved 14 January 2017.
  15. Hursthouse, Michael B.; Fram, Thelma; New, Lucy; Griffith, William P.; Nielson, Alastair J. (1978). "The X-ray crystal structure of two osmium(VI) catecholato complexes, Os(O2C6H4)3 and Os[O2C6H2(Bu−t)2]3". Transition Metal Chemistry. 3: 255–256. doi:10.1007/BF01393562. S2CID 95538526.
  16. Paul W. Michael. "Technical Paper Series : Fluid Viscosity Selection Criteria for Hydraulic Pumps and Motors" (PDF). Nfpa.com. Retrieved 29 December 2015.
  17. Kerns, Jeff (7 August 2013). "Making the Move to Eco-friendly Hydraulic Fluids | Hydraulics content from". Machine Design. Retrieved 29 December 2015.
  18. "Fluid Power Journal" (PDF). Eaton.com. Retrieved 29 December 2015.
  19. "Leadership - C3 IoT". c3iot.com. Retrieved 14 January 2017.
  20. "Dr.Michael Abbo". ESEM2014.com. 27 January 2015. Retrieved 29 December 2015.
  21. "Fulham Deaf FC win cup final". Hearingtimes.co.uk. Retrieved 29 December 2015.
  22. "Fulham Deaf FC Win Cup | Fulham Football Club". Fulhamfc.com. 7 May 2013. Retrieved 29 December 2015.
  23. Fram, Sally T.; Wells, Claire M.; Jones, Gareth E. (2011). "HGF-Induced DU145 Cell Scatter Assay". In Wells, Claire M.; Parsons, Maddy (eds.). Cell Migration. Methods in Molecular Biology. Vol. 769. pp. 31–40. doi:10.1007/978-1-61779-207-6_3. ISBN 978-1-61779-206-9. PMID 21748667.
  24. Fram, Sally; King, Helen; Sacks, David B.; Wells, Claire M. (19 December 2013). "A PAK6–IQGAP1 complex promotes disassembly of cell–cell adhesions". Cellular and Molecular Life Sciences. 71 (14): 2759–2773. doi:10.1007/s00018-013-1528-5. PMC 4059965. PMID 24352566.
  25. "Rafi Allos - en-gb - Allen & Overy". 24 May 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.