The banking world was rocked in early 2000 when the Basel II Capital Accord came out with its first draft. This accord emanated from the Bank for International Settlements (BIS), …
Tag:
2006
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In February 1991, former Indian Prime Minister Rajiv Gandhi, visited Tehran and met with Iran’s president, Ali Akhbar Rafsanjani. Neighboring Iraq figured high in the conversation. The US and its …
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Damage to Lebanon’s ecology and agriculture due to the war with Israel amounts to over $400 million, according to research by Lebanon’s Ministry of Environment (MoE) and a recently published …
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While the consensus of stock market analysts at the end of a harsh 2006 was an uncertainty if those erratic equity markets – mainly those in the Gulf Cooperation Council …
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The Middle East continues to experience unprecedented interest in alternative investments as regional institutional investment in hedge funds is expected to surge to $140 billion, or 14% of the total …
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A decision by Saudi authorities to put a temporary halt to licensing of new foreign banks until the country completed an evaluation process for those issued in the past few …
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In December, Bahrain became the latest country to offer the Islamic Financial Qualification (IFQ), which was launched two months earlier in London as a joint venture between the British Securities …
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After several years of sluggish turnover, the global luxury industry roared into life in 2006, with worldwide sales reaching a hefty $150 billion. A testament to the industry’s revival is …
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January 2006 Beirut experiences a relatively muted new year after the killing of MP Gibran Tueni and the revelations of former Syrian Vice President Abdel-Halim Khaddam on Arabic satellite TV. …
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The Lebanese banking sector has survived and thrived through not one but two major shocks in two years: the assassination of Rafik Hariri in 2005 and the Israeli-Hizbullah war in …