Word: saudis
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...though, he left the bank with billions in bad loans to Latin America. Only profits generated by the U.S. retail-banking and credit-card juggernaut built by Wriston's protégé John Reed--combined with a certain amount of forbearance by bank regulators and a lot of cash from Saudi Arabia--enabled Citi to survive. Reed then agreed to a 1998 merger with Travelers Group, which necessitated congressional repeal of the Glass-Steagall Act and established Citigroup as the greatest financial supermarket on earth...
...drop of Palestinian blood is more valuable than the treasures of the world.' KING ABDULLAH OF SAUDI ARABIA, on donating $1 billion to rebuild Gaza...
King Abdullah of Saudi Arabia invited three feuding Arab leaders to a reconciliation lunch this week. The rulers of Syria, Qatar and Egypt, in Kuwait for an economic summit, turned up at King Abdullah's residence in Kuwait City for some Saudi hospitality. But it will take more than meze and grilled lamb to heal the gaping divisions in the Arab world. "If these breaches are so easy to solve by having lunch, then they should be having breakfast, lunch and dinner," said Rami Khouri, director of the Issam Fares Center of Lebanon at the American University of Beirut...
...Gaza. But the bloodshed and destruction wrought by Israel's offensive against Hamas has sharpened those differences, and will continue to shape regional dynamics in the months to come. At its most simplistic, the divide pits a so-called moderate camp, backed by the United States and led by Saudi Arabia, Jordan and Egypt, against a "resistance front" group that includes Syria along with powerful political and military movements such as Hamas and Lebanon's Hizballah - all of which oppose Israel and U.S. policy in the Middle East. (See pictures of heartbreak in the Middle East...
...remain in western Burma, where they are denied citizenship and most rights by the military-run government; about 200,000 eke out an existence in squalid refugee camps across the border in Bangladesh. A scattered, quiet diaspora scratches at the fringe of society in countries as far-flung as Saudi Arabia and Indonesia. Stateless and unwanted, they are one of the world's most forgotten people...