Home Banking & FinanceFinancial quotes of the month

Financial quotes of the month

by Executive Editors

“Looking at the present situation in the Eurozone area one has to be more optimistic than one would have been six or seven months ago.”

Mario Draghi, European Central Bank president

“There will be no more ‘Kodak moments’ — after 133 years, the company has run its course.”

Don Strickland, a former Kodak vice-president

“Our wish and hope is [that] we can stabilize this oil price and keep it at a level around $100.”

Ali al-Naimi, Saudi Arabia’s oil minister

 “We want to be number one.”

Sheikh Mohammed bin Rashid al-Maktoum, ruler of Dubai and prime minister of the UAE

“This battlefield is not limited by borders; it is fought behind the scenes. You can’t see it and blood isn’t spilled, but there is a battle in new and developing worlds.”

Dan Meridor, Israel’s minister of intelligence and atomic energy, following the hacking of the websites of the Tel Aviv Stock Exchange and El Al airline

“We expect to increase revenues from the region this year… There are very few places in the world today [where] I can … [readily] write a big cheque and this is one of them.”

John Vitalo, Barclays’ chief executive officer for the MENA region

“Right now, the US Congress is considering legislation that could fatally damage the free and open Internet.”

Warning on Wikipedia’s home page on January 18 when it shut down the site to protest proposed piracy bills in the United States

“If the content industry would like to take advantage of our popularity, we are happy to enter into a dialogue. We have some good ideas.”

On Megaupload’s homepage, one of the Internet’s largest file sharing sites, after the arrest of seven individuals including founder Kim Schmitz

“We are confident that the privatization of the stock exchange will be of a great benefit to Kuwait’s economy, investors and the listed companies.”

Abdullah al-Gabandi, head of the exchange privatization committee at Kuwait’s Capital Markets Authority

“We will have a partial managed float, allow the rate to be determined by the market and intervene when necessary.”

Adib Mayaleh, governor of Syria’s central bank

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