Word: najib
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Dates: during 1960-1969
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...high insurance coverage did not result from Israeli-Arab tensions, but from the brief Indo-Pakistani war in 1965. "At that time," says Sheikh Najib Alamuddin, MEA's president, "our aircraft served both Karachi and Bombay, and we decided to cover our fleet with complete war-risk insurance. Thank goodness we've continued to maintain those policies...
Downed Cow. Apparently aware of what was going on, the Cabinet of Prime Minister Abdullah Yaffi summoned Acting Intra Chairman Najib Salha and asked whether he could personally guarantee Intra's balance sheets. He said he would check, but when he returned to the meeting with an affirmative answer, he was barred forcibly by an armed guard. While he futilely shouted protests from outside, the Cabinet adjourned without the guarantee. The next morning the bank was broken...
...catch was that to the Lebanese, business means bartering, and bartering is both an art and an adventure. So MEA's chairman, Sheik Najib Alamuddin, proposed to the British that his company would make partial payment for the jets in the form of surplus Lebanese apples; this would work out very nicely for the sheik, who is himself one of Lebanon's biggest apple-growers. The British, however, did not like them apples. Another idea-forming a British Aircraft Corp. subsidiary that would lease the planes to the Lebanese-was dashed last week when the British government revoked...
From DC-3 to Concorde. Middle East can also boast of being the world's only airline to be run by an honest-to-Allah sheik. The man responsible for the line's rapid and unsubsidized climb is Najib Salim Alamuddin, 55, who inherited the title of sheik from a family long prominent in Lebanon's Druze sect, an Islamic offshoot founded in the llth century. Educated at the American University of Beirut, suave, sophisticated Sheik Alamuddin was running his own telecommunications company when he was asked to take over Middle East Airlines...