Word: persiane
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...conservative Swiss bank was sold to foreign entities. Weeks before, shaky Citi, also in need of capital to repair its subprime-holed balance sheet, was handed a lifeline by a similarly unlikely rescuer. The Abu Dhabi Investment Authority, a $625 billion sovereign wealth fund (SWF) run by the tiny Persian Gulf emirate, announced it was forking over $7.6 billion for a 4.9% stake in Citi. Though Citi still faces difficulties, the cash infusion helped stabilize its plunging stock price and signaled to rattled markets that money was available to help subprime victims survive the turmoil...
...assets might have to be sold off at fire-sale prices just to keep the company sufficiently capitalized. But on Nov. 26, New York-based Citi was handed a lifeline by an unlikely rescuer. The Abu Dhabi Investment Authority, a $625 billion sovereign wealth fund run by the tiny Persian Gulf emirate, announced it was forking over $7.6 billion to take a 4.9% stake in the company. While Citi still faces difficulties, the cash infusion helped stabilize its plunging stock price and signaled to rattled markets that money was available to help subprime victims survive the turmoil...
...report to his advantage in dealing with Iran. "He could have said to the Iranians, 'This document shows that we're not rushing to war. We're not out to get you,'" said Kenneth Pollack, a National Security Council staff member during the Clinton Administration and author of The Persian Puzzle. "'But we - and the rest of the world - are very concerned about your uranium-enrichment program, and so let's sit down and talk about...
...ever will be. The population of Israel, 7 million, is 20 percent Arab. The ratio of Arab to Jewish land is 640:1. If I were an Arab Muslim in, say, Saudi Arabia (830,000 square miles, population 23 million) with its wealth of oil fields along the Persian Gulf, I might wonder why Jews, who blend ethnicity and religion just as Arab Muslims do, should claim so little land when we cover so much. Why does my country house two holy cities—Mecca and Medina—whereas Jews claim but one—Jerusalem, site...
Located in a leafy Rome neighborhood, the Iranian embassy to the Holy See features an entryway lined with a large photograph of Ayatollah Ruhollah Khomeini, and framed, centuries-old correspondence between popes and Persian monarchs, including a Nov. 16, 1561, letter in Latin from Pope Pius V to Shah Tahmasp I. The current No. 2 official at the embassy, Vice-Ambassador Ahmad Fahima, said that despite some concern last year about the Pope's provocative speech about Islam in Regensburg, Germany, "relations between Iran and the Holy See are very good." Last April's release of 15 British sailors held...