Daily Business Wrap - Lebanon’s crises seem to worsen - video Dailymotion

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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. Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos

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00:00The woe seems to be worsening for Lebanon after it faced a debt-rating downgrade, which

00:07moved it deeper into junk status.

00:10Moody's Investor Service downgraded Lebanon's debt rating one step lower to CWA1, which

00:16means seven points lower than the investment rate, comparing it with countries like Gabon,

00:22Zambia and Iraq.

00:24Remember that Lebanon is currently in a financial crisis and has disavowed any debts restructuring

00:29on its part.

00:30Saudi Energy Minister Khalid Alfali is not attending the World Economic Forum in Davos

00:35this year.

00:36This grows the growing list of people who are not attending, which includes Donald

00:40Trump, the US President, Narendra Modi, the Indian Prime Minister, Theresa May, the UK

00:44Prime Minister, Justin Trudeau, the Canadian Prime Minister and also Xi Jinping, the Chinese

00:51Premier.

00:52Saudi Arabia earlier used this forum to sell it as an investment destination.

00:56The Tokyo court has rejected a bail plea of former Nissan Chairman Carlos Ghosn even

01:01after two months that he was arrested.

01:04Carlos Ghosn earlier said and accepted and even vowed to wear an electronic amulet that

01:10would track his movement, even surrender his passport or even pay for the security guards

01:15that would guard him, but the Tokyo court didn't approve his bail plea.

01:21Remember that Carlos Ghosn was arrested in November on charges of falsifying accounts

01:26and even misinterpreting or misrepresenting his salary statements.

Daily Business Wrap - Lebanon’s crises seem to worsen

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