Word: sama
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Dates: during 1970-1979
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...real estate. Speaking to American bankers in the U.S. last year, SAMA Governor Abdel Aziz Qoreishi explained that realty investment "raises sensitive national concerns in most host countries and has not been, we judge, welcome even in so free an economy as yours...
What then do the Saudis buy? They are known to gobble up U.S. Treasury securities, and have bought the bonds of such corporate giants as AT&T, General Motors and U.S. Steel. SAMA also puts deposits into 23 blue-chip American banks and some top foreign banks, though it limits these deposits so that they never exceed the bank's capital (in Citibank's case, the formula works out to about $2.8 billion). Overall, the Saudis told Blumenthal's delegation last year, their investments have an average maturity of only seven years, and bankers figure they...
...Saudis are also painfully aware that they lack experience investing gigantic sums of money. As recently as 1974, SAMA was headed by a Pakistani. The first Saudi to hold the post, Qoreishi is a graduate of U.S.C., but he had no previous banking experience. Western diplomats who deal with them say the Saudis fear that if they go into long-term investments they will be conned by fast-talking flimflam artists. Richard Erb, an economist who once watched Saudi policy for the U.S. Treasury, adds that the Saudis will not buy gold because they are afraid of being seen...
...when Trane died in 1967, leaving Tyner to fend for himself, the mellow piano player turned vicous. He stayed that way right through the early portion of the 1970s. Albums like "sama Layuca" and "Song of the New World" lost that pleasing sound that he had created with Trane...
...match started off with Mitch Silverman and Andy Sama grappling it out at 118. They wrestled scoreless until the final period when Sama managed to get some points adding three to the Columbia score...