dhaman

[dah-muhn]

noun

1. a large, harmless, colubrid snake, Ptyas mucosus, of southern Asia, the skin of which is used in making shoes, purses, and other items.

Word History and Origins

Origin of dhaman¹

1875–80; < Hindi dhāman; compare Sanskrit dharmaṇa a kind of snake

Example Sentences

Kuwait-based Dhaman’s figures, which have not been verified by individual governments, suggest Libya received about $500 million, down 87 percent, and Syria $484 million, where unrest continues, a decline of 65 percent.

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Foreign financing will shrink to between $50 billion and $55 billion in 2011 from $66.2 billion the previous year, the Arab Investment & Export Credit Guarantee Corp., known as Dhaman, said in an e-mailed response to questions.

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Egypt is worst affected, with foreign direct investment dropping an estimated 92 percent to $500 million, according to a report issued by Dhaman in October.

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Dhaman, which counts all Arab states as members except the Comoros Islands, provides insurance coverage for Arab and foreign investments in member countries against risks such as expropriation, war and civil disturbance, its website says.

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The total value of insurance operations concluded by Dhaman in the first eight months was about $780 million, “a significant increase” versus last year, indicating heightened concern, Fahad al-Ibrahim, its director-general, said in the e-mail.

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