Word: mellie
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...part of the January 1981 hostage-release agreement. Iran had said it would repudiate its debts to American banks in late 1979, after Jimmy Carter froze Iranian assets in the U.S. Bankers from both countries now meet almost daily at the London branch of Iran's Bank Melli to allocate the fund, and participants say the talks have become increasingly free of polemics. The biggest settlement to a commercial bank came in July, when Iran agreed to repay $136 million to New York City's Manufacturers Hanover Trust...
Hardest hit is the construction industry, which has come to an almost total halt. Dozens of huge apartment complexes in Tehran stand unfinished. One example of the pervasive industrial malaise is the Melli shoe factory, which used to export 11 million pairs of shoes a year to the Soviet bloc. Production at the Melli plant, now run by production at the Melli plant, now run by a workers' council, is down to 2 million pairs a year, scarcely enough for domestic consumption. The council claims that the problem is lack of spare parts and materials; the real problem...
...radicals is composed of seminarians from the theological college at Qum, the holy city where the Ayatullah Khomeini resides. Many others are from Tehran campuses. One Tehran University professor says he knows of four students from his own department who took part in the assault, and a teacher at Melli University in the city reports that about 90 students from his campus joined the takeover...
...holdings of the Pahlavi Foundation that he was able to track down as of the end of 1977 and that he estimated to be worth $2.8 billion to $3.2 billion. They included total ownership of Bank Omran, one of Iran's largest banks; 80% ownership of Bimeh Melli, the nation's third largest insurance company; and full or partial interests in auto factories (10% of GM Iran), cement plants, sugar mills, housing projects and a string of hotels, including the Tehran Hilton. Indeed, Graham estimates that the Shah, through the foundation, once owned 70% of all the hotel...
Among the more interesting items: The Persian Gulf Shipping Co., the Bank of Development and Rural Cooperatives, the Royal Publishing Co., the Melli Insurance Co., the Gohestan Sugar Mill, the Fars and Khuzistan Cement plant, scores of hotels, restaurants and nightclubs, including the Kolbeh in Teheran, which remains one of the few spots in Iran still offering French strippers, Russian vodka and Caspian caviar, despite the austerity laws imposed earlier this year...