Gibraltar Arc Gibraltar Arc The Gibraltar Arc is a geological region corresponding to an arcuate orogen surrounding the Alboran Sea, between the Iberian Peninsula and Africa. It consists of the Betic Cordillera (south Spain), and the Rif (North Morocco). The Gibraltar Arc is located at the western end of the Mediterranean Alpine belt and formed during the Neogene due to convergence of the Eurasian and African plates. Maximum altitudes of the region are reached at the Mulhacén peak (3482 m) at the Cordillera Betica. Precipitation is collected mainly by the Guadalquivir (Betics) and Sebou (Rif) rivers, which have delivered most sedimentary infill
Gibraltar are also present in Gibraltar, as is the Spanish clothing company Mango. A number of British and international banks have operations based in Gibraltar. Jyske Bank claims to be the oldest bank in the country, based on Jyske's acquisition in 1987 of Banco Galliano, which began operations in Gibraltar in 1855. An ancestor of Barclays, the Anglo-Egyptian Bank, entered in 1888, and Credit Foncier (now Crédit Agricole) entered in 1920. In 1967, Gibraltar enacted the Companies (Taxation and Concessions) Ordinance (now an Act), which provided for special tax treatment for international business. This was one of the factors leading to