Khazen

Super wealthy are getting younger

The average age of U.S. investors with $25 million or more has fallen by 11 years since 2014, to 47. Their numbers …

by bloomberg.com --Lebanon wasn’t spared a debt rating downgrade that pushed it deeper into junk, hours after Qatar unveiled a plan to plow $500 million into its government bonds. Moody’s Investors Service lowered the country’s credit score one step to Caa1, seven levels below investment grade and on par with countries including Gabon, Zambia and Iraq. It changed the outlook to stable from negative. Even though Lebanon’s caretaker government has disavowed any debt restructuring, recent official comments suggest “a growing urgency” that coping with one of the world’s biggest debt burdens might prompt measures resulting “in a default event under Moody’s definition,” according to a statement on Tuesday.

Eight months on from an election, Lebanon remains without a government and with billions of dollars in aid untapped as sectarian tensions simmer. The central bank has maintained stability through stimulus measures and financial engineering, made possible by the billions of dollars deposited into Lebanese banks by the nation’s diaspora. While Moody’s report highlights the need to form the government more quickly and embark on reforms, Finance Minister Ali Hasan Khalil said that “the financial and monetary situation remains stable, the needs of the Treasury are secure, and it’s able to meet all commitments, especially on debt.” Lebanon is hopeful Qatar’s decision is a “prelude” to a show of support by other countries and institutions, he said on Twitter.

BEIRUT (Reuters) – Tuesday’s Oscar nomination for the Lebanese film “Capernaum”, praised for its depiction of poverty in the slums of Beirut, …

By Rishi Iyengar, cnn.com —  WhatsApp is imposing stricter limits on how widely its users can share messages in a bid to crack down …

Khazen History

Historical Feature:
Churches and Monasteries of the Khazen family