Word: kuwaiti
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Dates: during 1960-1969
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...Cabinet under Lebanese Prime Minister Rashid Karami fired a committee that was irreconcilably split over whether to salvage or liquidate the bank, named another that dickered with Kid der, Peabody. The key to the rescue deal was winning the consent of Intra's major creditors, notably that of Kuwaiti Prime Minister Jaber al Ahmed as Sabah, whose countrymen had the largest stake ($40 million) in the bank. Kuwaitis will own some 35% of the stock to be issued by the new organization, the Lebanese government 25%, Qatar sheiks 7%, Lebanese depositors most of the balance. U.S. taxpayers also stand...
...Arabian Peninsula, the passionate nomads and born makers of creeds, whom T. E. Lawrence called "people of primary colors." Today one can hardly define an Arab; the name spans a racial rainbow. "Arabs" may be squat Lebanese, tall Saudis, white Syrians or grape-black Sudanese. They include dollar-dizzy Kuwaiti, secretive Druzes, Gallicized Algerians and Christian Copts. Only about 10% are nomads, while most live in villages and cities (some very big: Baghdad, 2,200,000; Cairo, 4,200,000). Egypt is the Arab "capital," which fielded the largest army against Israel. But Egyptians were not originally Arabs, although they...
...lately made Europe a more profitable haven for cash. Also, Intra became involved in the bitter feud between Egypt's Gamal Abdel Nasser and Saudi Arabia's King Feisal, leader of the Middle East's conservatives. When Nasser-financed newspapers in Lebanon attacked Feisal, Saudi and Kuwaiti sheiks yanked $30 million out of Intra in one month. On top of that, Lebanon's three-year-old central bank fumbled its chance to prevent the crisis. Asked to help Intra, the bank stalled, then offered only feeble sums in aid, finally failed to advance promised cash...
...conflicts with the Arab revolution, which is basically nationalist." Syria would remain socialist, if somewhat less stridently. Abroad this would mean happier relations with its moderating socialist as well as non-socialist Arab neighbors (last week Damascus received an envoy from Kuwait to renew negotiations for a $56 million Kuwaiti loan), and at home a better break for what remains of Syria's long-beleaguered middle class...
...brother, Sabah is a kind and conservative aristocrat, and a devoutly religious nondrinker. The resemblance ends there. Abdullah was tall and portly, and had a commanding, fatherly presence. Sabah is short (5 ft. 5 in.), slender, and a good deal less commanding. "Sabah is quietly weak." said one Kuwaiti official, "while Abdullah was quietly strong...