In Pictures
Salaries, disposable income, luxuries, and savings; HSBC used these four factors to determine a league table of the best expat destinations from a financial point of view. Here’s the top ten.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Iraq’s oil targets; US peace talks; Gaddafi and his girls; Jordan’s economy; Israel and Palestine prisoners.
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Last Week's Winner
Alia Akkad
Alia Akkad
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The great fares rip-off?
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Kuwait says no dispute with Citi
Kuwait has clarified that the sale of its stake in Citigroup earlier this month was not because of any dispute with the bank, reports Reuters. “The exit of Kuwait Investment Authority (KIA) from its stake in Citigroup for $4.1 billion was not due to any dispute between the two parties but it was an opportunistic investment,” Mustapha al-Shamali, Kuwait’s finance minister told al-Rai newspaper.
Last week, the wealth fund said that it made a profit of $1.1 billion by selling its stake in Citigroup.
Iraq raises crude prices for U.S. Europe, Asia-source
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
Tags: Citi, KIA, Kuwait, stake sale.
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