Word: kuwait
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...Christopher Whalen, managing director of research firm Institutional Risk Analytics, thinks the problem with Citi's repayment has less to do with capital ratios and more to do with waning confidence in the bank around the world. In early December, the investment arm of the government of Kuwait sold its entire investment stake in Citigroup. "Foreign investors like to see the government's stake in Citi," says Whalen. "If the government gets out, investors around the world will flee...
...companies, establishing similar relationships with Baghdad could prove crucial, and highly profitable. As oil supplies dwindle in places like the North Sea and Gabon, companies are desperate to book new reserves - and Iraq, which unlike Kuwait or Saudi Arabia is incapable of producing its oil without foreign know-how and investment, is up for grabs. Unlike huge new finds off Mexico, Brazil and West Africa, many Iraqi fields were mapped years ago - some by the same companies now negotiating new contracts - and so will not require lengthy exploration before pumping can begin...
...tackling domestic violence, she says, and to helping women achieve equal opportunities in the workplace. She has her work cut out for her: Italy has the lowest percentage of working women in Europe. Only 2% of top management positions in Italy are held by women, less than in Kuwait. In last year's Global Gender Gap report from the World Economic Forum, Italy ranked 67th out of 130 countries. Such figures are particularly shocking for women like Elisa Manna, who is old enough to remember Italy's muscular feminist movement of the 1970s. "Back then, young women wanted to become...
...thanks,'" says one Western diplomat, who requested anonymity for fear of hurting his operations in the country. "It comes down to trust, and this is not a society that is used to having discussions around a table." Another Western official compares Turkmenistan to tightly controlled, oil-rich Kuwait. "They don't need our money, and they don't want us meddling here," the official says...
...story behind Yunus' conception isn't even exclusive in his new home, which is not far from the airport. His adopted sister Nadia, who celebrated her first birthday on Nov. 1, was born following the rape of her mother in Kuwait. Both children were born in Jakarta and were almost immediately placed into Ibu Herlina's care. Their adopted mother points out that the children share "Arab" facial features, in contrast to most of their siblings, who have "Asian looks." Her home, consisting of a modest house and a dormitory-like shelter, is filled with 10 children who were abandoned...