As Lebanon prepares to implement the new called FATCA regulations experts and watchers around the world keep checking their smartphones for news that the latest tranche of guidance on the incoming US legislation has been issued, some experts are doubtful that the US Treasury will be able to keep to its recently-stated vow to try to make things easier for foreign financial institutions that will be affected.
EU and Iran in showdown over sanctions and oil
Qatar First Investment Bank (QFIB) has acquired a 15% stake in Al Rifai International Holding, a well-established manufacturer of nuts, kernels, light snacks and delicacy in the Middle East and Europe. However, QFIB did not disclose the size of the deal, which marks its debut investment venture in the food and beverage manufacturing industry. Al Rifai’s wide presence in European markets offers QFIB an opportunity to venture into new geographical regions, said a spokesman for the bank, which is
Lebanese officials are in a "investment road show" mission in Washington as political upheavals still rock the region and threaten economic growth. Amid cautious growth reports from IMF and World bank meetings; Finance Minister Mohammad Safadi; Central bank governor Riad Salameh and senior officials from lebanese banks intensified their meetings in Washington, as Safadi met with the U.S. Treasury chief’s aide, Charles Collins, in the presence of senior officials responsible for relations with Mi
Moody’s Investors Service, the ratings firm that downgraded the credit of Bank of America Corp. and Wells Fargo & Co., said future U.S. bailouts of financial firms are less likely. Some analysts and investors disagree. “We have not gotten beyond too-big-to-fail,” said Jason Brady, a managing director at Santa Fe, New Mexico-based Thornburg Investment Management Inc., who helps oversee about $76 billion. “We had an experiment where we let one go and it didn’t work out so hot. Now they