Word: kuwait
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...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...
...Middle East and an island of stability in a newly rich but eternally turbulent region, Beirut has become the prudent banker to nervous kings, African smugglers, such huge U.S. oil companies as Aramco, frightened capitalists from socialist Egypt and Iraq-and no fewer than 600 tycoons from booming little Kuwait. Well over half of Beirut's $800 million in deposits comes from abroad...
...unique needs and foibles of people for whom banking is a fresh experience. Many lavish spenders tell hoteliers and shopkeepers to send their bills directly to their banks, consider it an insult to have to carry credit cards to prove that they are good risks. The beauteous wife of Kuwait Millionaire Bader Almulla scorns checks, prefers to scribble notes on her calling cards ("Give this person $5,000"), which her banker is pleased to honor...
...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...