Word: sheiking
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...Edwin Perona, son of the late founder), dozens of friends dropped by for a toot, from venturesome capitalists like Sherman Fairchild to Cinemactress Merle Oberon. After all, Mills already runs a triple-barreled London establishment (casino, nightclub, restaurant) that is loaded with big game, including Prince Philip and the Sheik of Kuwait. Though Mills says "I wouldn't dare" change the zebra's stripes, he is adding a few jolly wrinkles: discotheque, a Rolls-Royce with bar, and a Bentley to carry his more diffident guests...
...Eagle"). Such depositors appreciate the fact that Lebanon has one of the world's freest capital markets and a Swiss-like secrecy law so rigid that any loose-tongued banker can be jailed for two years. Beirut's safety has also impressed some of the usually suspicious sheiks of the Persian Gulf. Sheik Shakhbut of Abu Dhabi, who earns $1,000,000 a week from his oil, insisted on burying his bank notes in his mud-brick palace-until silverfish began drilling through the bundles...
...customers make demands that try the most patient bankers. One sheik withdrew $6,000,000 overnight because his banker could not procure a belly dancer he had admired. And Kuwait's skeptical Sheik Abdullah al Mubarak, who stored $25 million in cash and suitcases full of stocks at Yusuf Bedas' bank, once ordered that his stocks be delivered instantly to his mountain mansion; he carefully counted them one by one, then airily waved them back to the bank. But when he tried to tell Bedas how to run his business, the banker exploded: "Take your money...
Promised Cash. It was a common joke among the summit delegates that every time the subject of money was raised, Sheik Abdullah as Salim as Sabah of oil-rich Kuwait left the horse shoe conference table for the men's room. But last week Sabah pledged $4,500,000 a year for five years to the Arab war chest, and Egypt, Algeria, Saudi Arabia, Libya, Morocco and Yemen joined in, raising the total commitments to $14 million annually for the next five years...
Lebanon's tourist influx from 89,000 in 1951 to 400,000 last year. It does a big business in carrying Christian pilgrims to Jerusalem, yearly flies Moslem pilgrims from all over the Middle East to Jeddah, the closest airport to Mecca. Though the Koran forbids liquor, Sheik Alamuddin provides it on most flights. Parched Moslem passengers can often be seen downing Scotch or cognac as soon as the planes take to the air on Middle East's early-morning flights from Kuwait and Saudi Arabia...