Word: intra
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Dates: during 1960-1969
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...free-enterprising Lebanon has been inundated by a flood of investment money from oil-rich Saudi princes and from wealthy Egyptians, Syrians and Iraqis frightened by the increasingly socialist policies of their own governments. Riding this tide, brash, resolute Yusuf Bedas in ten years of frenetic expansion has built Intra from scratch into Beirut's largest bank, with capital of $10,000,000 and 16 branches in Europe and the Arab world...
...over a milky terrazzo counter embedded with tiny pieces of brass to simulate marine life on an ocean bottom. Some of the visitors even opened an account. For though it looked for all the world like a cocktail lounge, the room was the newest branch of Lebanon's Intra Bank. "Nobody's wandered in and asked for a drink yet," said jubilant Intra Bank Founder Yusuf Bedas, 50, adding, "Conservative banks belong to the past...
Potash & Planes. In 1951, Bedas set up Intra (cable code for International Traders) with initial capital...
...Today, Intra's investments range from potash extraction in the Dead Sea to Middle East Airlines (51% control), and Bedas is planning still more branches and affiliates in France, Italy, Brazil and Afri ca. Conservative Western financiers, un accustomed to the rough and tumble of Levantine business, are sometimes in clined to look askance at this headlong expansion and at the fact that Bedas, de spite the growing complexity of Intra's operations, continues to run it as a one-man show. But last week, as he hopped from Rome to Paris to London inspecting his empire, cocky...
...HAVEN, Conn., Nov. 24--Stymied by a stout Trumbull College defense and a field drenched in ankle-deep mud, Kirkland House dropped the Harvard-Yale intra-mural football championship, 6-0, here today...