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Originally posted by douglas82391
Why do they even have a search engine for ATS?? Lovely watching it for the fourth time thank you
Originally posted by Iamonlyhuman
Originally posted by douglas82391
Why do they even have a search engine for ATS?? Lovely watching it for the fourth time thank you
Instead of being rude about it, care to link to those threads? Please, if you're going to act like a mod then at least don't be lazy about it!
Originally posted by Prince1of2gold
reply to post by nh_ee
TO LONG TO READ
Most of the business enterprise has been controlled by Gaddafi and his family.[56] A leaked diplomatic cable describes Libyan economy as "a kleptocracy in which the government — either the al-Qadhafi family itself or its close political allies — has a direct stake in anything worth buying, selling or owning".[57] Gaddafi amassed a vast personal fortune during his 42-year rule.
Originally posted by Iamonlyhuman
reply to post by Axial Leader
It is always best to do your own research and draw your own conclusions. Consider the sources and their motivations.
Originally posted by cripmeister
Originally posted by Iamonlyhuman
reply to post by Axial Leader
It is always best to do your own research and draw your own conclusions. Consider the sources and their motivations.
You're absolutely right and because of this I have sorted this video under P for Propaganda.
The LIA, Libya's largest store of oil savings, controls about US$64 billion (Dh235.06bn) of assets. [color=limegreen]It owns 3 per cent of Pearson, the publisher of the Financial Times, and 7.5 per cent of Juventus Football Club, according to regulatory disclosures in November. It also has 2.6 per cent of UniCredit, one of Italy's largest banks, and 2 per cent of Finmeccanica, an Italian conglomerate.
Any freeze on those assets could further restrain the regime from using financial muscle to quash the popular uprising.
Pearson said yesterday the LIA's 3.27 per cent holding was "effectively frozen", as its lawyers advised that the shares were subject to UN and UK sanctions. The company has told the LIA that it "will not register any transfer or pay any dividend in respect of the shares until further notice".
Other government institutions also boast big foreign holdings. [color=limegreen]The Libyan central bank owns an additional 4 per cent of UniCredit, plus almost 60 per cent of Bahrain's Arab Banking Corporation (ABC) and 14.45 per cent of Arab Insurance Group in Bahrain. ABC said on Monday it had not been affected by the global asset freezes. World divided on what Libyan assets to freeze .. Mar 2, 2011
Welcome to ABC's home page
Who are we?
Arab Banking Corporation, popularly known as ABC, is an international Universal bank headquartered in Manama, Kingdom of Bahrain. Our network spreads over 22 countries in the MENA and GCC, Europe, the Americas and Asia.
ABC, founded in 1980, is listed on the Bahrain stock exchange and [color=limegreen]our major shareholders are the Central Bank of Libya and Kuwait Investment Authority.
ABC is a leader in Trade Finance, Treasury, Project & Structured Finance, Syndications, Corporate & Institutional Banking as well as Islamic Banking. We are also expanding our retail network in the MENA region.
ABC provides a full range of interest rate derivative products across all major rate indices (LIBOR, Treasuries etc). The basic products include:
Swaps
Swaptions
Caps & Floors
Collars
Forward Rate Agreements
Spread locks
Cross Currency Swaps
Exotic Options
Arab Banking Corp., the lender part- owned by the Central Bank of Libya, used a New York branch to get 73 loans from the U.S. Federal Reserve in the 18 months after Lehman Brothers Holdings Inc. collapsed.
The bank, then 29 percent-owned by the Libyan state, had aggregate borrowings in that period of $35 billion -- while the largest single loan amount outstanding was $1.2 billion in July 2009, according to Fed data released yesterday. In October 2008, when lending to financial institutions by the central bank’s so- called discount window peaked at $111 billion, Arab Banking took repeated loans totaling more than $2 billion.