Word: regional
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...year and a half ago, Citigroup became the first U.S. bank to relocate one of its rising stars, Alberto Verme, an investment banking executive, to the booming gulf state. At the time, Citi CEO Vikram Pandit said the move was a sign that the bank was "convinced of the region's long-term and immense growth opportunities...
...Citigroup. "Being big everywhere is the business model he has chosen. That means when there are losses anywhere you are going to get hit." Things were booming there back in 2008 when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment banking. In 2006, trade publication the Banker named Verme one of the top 10 movers and shakers in the Latin American business. It was big news...
...President Mahmoud Ahmadinejad has been "the best recruiting officer" for U.S. military efforts to partner with Arab states over the past year. That's according to General David Petraeus, who as commander of Centcom is responsible for overseeing the wars in Afghanistan and Iraq and security efforts throughout the region. "There were certain countries which used to hold us at arm's length that have over the last year embraced Central Command in certain cooperative endeavors," Petraeus told TIME in an interview on Dec. 13, citing ballistic-missile defense agreements and shared early-warning systems. "Ahmadinejad's rhetoric is very...
...Lefilleul disagrees with both analyses. "The reality is, until we find a way of physically moving the English coast farther away from France, the Calais region will be the place most aliens go because it's closest to the U.K.," he says. "The solution is to find a way to convince illegal aliens not to leave home in the first place. Trying to make their lives as miserable once they're here serves nothing...
...been good for Centcom has also been good for the high-tech U.S. arms industry. Despite the global recession, Arab states have signed huge deals for U.S. military hardware, whose sophistication has been on full display in two long wars in the neighborhood. Petraeus said countries in the region now deploy eight Patriot missile-interceptor batteries - up from zero a few years ago - made by Raytheon Corp. And the Pentagon last month announced that Kuwait had ordered upgrades of its Patriot missile system, in a deal worth $410 million. But Raytheon isn't the only beneficiary of anxiety over Iran...