Word: saudi
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Dates: during 1960-1969
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Islam last week marked the end of the 1,333rd pilgrimage to Mecca. As 1,250,000 Moslems left for home, they carried with them from Mohammedanism's most devout observance the echoes of a noisy political feud between Saudi Arabia's monarch, King Saud, and Egypt's dictator, President Gamal Abdel Nasser. In the struggle for supremacy in the modern Arab world, the ancient ways of Saudi Arabia are slowly changing...
...ruler of oil-rich Saudi Arabia (estimated annual revenue from oil: about $400 million) regards Nasser as a Marxist firebrand whose form of "Arab socialism" defiles the Koran; Nasser denounces Saud as a feudal overlord and satyr who keeps his people in bondage. Each morning Radio Cairo broadcasts prayers for the quick demise of the "antisocial, reactionary, squandering, lecherous, oligarch Saud. his family and supporters." In retaliation, Saud, who once financed a $5,000,000 plot to kill Nasser, this year barred delivery of the kiswa, the canopy for the holy Black Stone in Mecca that Egyptian craftsmen had spent...
Inevitably, there was endless speculation as to who was behind the combine. Sheraton executives suggested it might be oil-rich Saudi Arabians-perhaps even King Saud himself. Others were certain that it was a group of Swiss financiers. Last week Hawaii discovered with some shock and much irreverent merriment that there was nobody behind the combine...
Yusuf Bedas' own flamboyant history supports his thesis. Since 1948, when the creation of Israel ended Palestine's role as banker to the Middle East, 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...
Wending his nomadic way home from the U.S. via Spain, Saudi Arabia's King Saud, 60, descended on Malaga in his Boeing 720 and took over the sumptuous Castillo Santa Catalina. His fortnight's rental (including a bed custom-made to his outsized dimensions) came to $10,000, but after two days, Saud restlessly roared off to Torremolinos. Although His Majesty had neglected to pay the bill, the Castillo's proprietors remained unruffled. Saud, it was understood, had arrived in Spain with a $340,000 bank draft and -for walking-around money-traveler's checks totaling...