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To: long-gone who wrote (79630)	11/28/2001 2:12:06 AM
From: Richnorth	Respond to of 116753

Those Moslem friends and acquaintances of yours have probably been "corrupted" by American influences. No wonder Moslem Fundamentalism says that America is "the Great Satan" which must be destroyed. To be sure, they are practical folks. Yes, there are those who are "BS EET"s and 1st class hypocrites. However, such specimens are found in other groups, too.

To: long-gone who wrote (79630)	11/28/2001 2:59:58 PM
From: Ahda	Respond to of 116753

dawn.com Well i don't think Japan is the best choice. LONDON, Nov 22: Wealthy Arabs, concerned about increased US scrutiny of their offshore bank accounts, are nervous about dealing with US banks and may seek safer havens if the conflict in Afghanistan spreads, bankers said Thursday. Asset freezes after September's attacks on the US and the ensuing turmoil has sent private banking into a fever of speculation about the destiny of billions of dollars of Saudi money, one of the mainstays of the industry. "The rich Arabs are feeling very insecure. The Saudi princes haven't moved their money yet but some smaller businessmen are moving," said Muazzam Ali, chairman of the London-based Institute of Islamic Banking and Insurance. American banks have been nervously eying the region where they have substantial interests. But despite reports of billions of dollars of Arab money changing hands and Swiss banks hoovering up hundreds of millions of dollars, US bankers say they are holding the line. "So far we're managing but if the war continues and spreads, it's going to hurt our business," said a senior US banker. The Arab world, with offshore holdings estimated at well over $1 trillion in money belonging to both Gulf Arab individual investors and governments, is big business for US banks. For example for Citigroup, the world's largest financial services company, the Middle East represents the largest business managed out of its Geneva hub for Europe, Middle East and Africa private banking. In Geneva, banking sources say Arab clients, including a number of Saudi princes, hold some $7 billion with Citigroup, which manages $31 billion in Europe, Africa and the Middle East. TUG OF WAR FOR ARAB RICHES: Since September 11, bankers say a tussle is going on for the money of nervous Arabs. Swiss private banks are actively seeking to attract these riches by promoting their credentials as non-freezers of assets. "The day after September 11, we had a number of Arab clients saying they'd been approached by Swiss banks to move assets from American institutions," said the head of a US private bank.