Word: adnan
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...happens, Saudi Arabian Entrepreneur Adnan M. Khashoggi, 39, who has offered $14 million for a controlling one-third interest in San Jose's First National Bank, derives his millions not from oil but from a worldwide conglomerate which deals in real estate, autos and the construction of military installations in Saudi Arabia. Khashoggi, whose father was personal physician to the late King Saud, was educated at a California college (Chico State) in the 1950s, and already controls two local banks in the state. But he was prepared for trouble when he made his bid in November...
...nations is picking up. Kuwait emerged last week as the purchaser of up to 14.6% of Daimler-Benz AG, the producer of Mercedes vehicles. The deal cost the Kuwaitis $300 million to $400 million, by far the most ever spent for a stock acquisition by a Middle Eastern nation. Adnan Khashoggi, 39, a U.S.-educated Saudi whose non-oil business empire already includes two small California banks, recently offered $14 million for a one-third interest in the First National Bank of San Jose. Armand Hammer, chairman of Occidental Petroleum Corp., disclosed last week that "one very prominent Arab," whom...
What followed was a suspense story with enough tension, surprise and heroism to make a palpable TV hit. One of the rebellious prisoners, for instance, was Adnan Ahmed Nuri, a Palestinian terrorist who was serving five years for hijacking and burning a British Airways VC-10 last March. Actually, the instigators were two Dutch criminals who were doing time for robbery. The fourth prisoner, an Algerian also convicted of robbery, appeared to be simply tagging along. With the Palestinian as front man, the quartet demanded, as the price for their hostages, a plane that would carry them to any Arab...
Still, the pickup in Arab investment has been noticeable. "Every day we get offered vast sums, like $200 million at a time, to be invested in things like Treasury bills," says a California banker. Adnan Kahsoggi, a Saudi, has moved beyond U.S. bank deposits to buy U.S. banks. Over the past two years, he has purchased controlling interests in two headquartered in Walnut Creek, Calif.: Security National, which has assets of $115 million, and the Bank of Contra Costa, with assets of $22.8 million...
...last time Turkey's generals overthrew an elected government was in 1960 when they ousted Demirel's predecessor, Adnan Menderes, for corruption and repression, and hanged him. Before returning the country to the politicians, the soldiers framed a new constitution that was adopted in 1961, and they took a certain pride of authorship in seeing it work. The course of government under Demirel was a source of ever-increasing dismay to them...