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Intra Bank
Intra Bank (also known as Banque Intra or بنك انترا) was a Lebanese bank, and the largest financial institution in Lebanon until its collapse in 1966. Foundation and rise of the bank The bank was founded in 1951 by Yousef Beidas and three partners as a trading company. The law in Lebanon in 1951 did not cover banking activities as they are known now and became known in Lebanon during the 1950s and 1960s thanks to a large degree to the efforts of Yousef Beidas who was named as the Architect of Lebanese Banking in the ''Illustrated London News'' in October 1963. In that major article entitled "The Changing Face of the Middle East" which ran over a dozen pages and was an introduction to European and North American readers to an area given little attention prior to the meteoric rise in status of oil exporting and petrodollar earning states the coverage on Yousef Beidas was a full two pages whereas, for historical comparison purposes, the then ruler of Dubai, Shaikh Rashed bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expatriate
An expatriate (often shortened to expat) is a person who resides outside their native country. In common usage, the term often refers to educated professionals, skilled workers, or artists taking positions outside their home country, either independently or sent abroad by their employers. However, the term 'expatriate' is also used for retirees and others who have chosen to live outside their native country. Historically, it has also referred to exiles. Expatriates are immigrants or emigrants who maintain cultural ties such as the language of their country of origin. Etymology The word ''expatriate'' comes from the Latin terms '' ex'' ("out of") and ''patria'' ("native country, fatherland"). Semantics Dictionary definitions for the current meaning of the word include: :Expatriate: :* 'A person who lives outside their native country' (Oxford), or :* 'living in a foreign land' (Webster's). These definitions contrast with those of other words with a similar meaning, such a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1966
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1951
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1966 Disestablishments In Lebanon
Events January * January 1 – In a coup, Colonel Jean-Bédel Bokassa takes over as military ruler of the Central African Republic, ousting President David Dacko. * January 3 – 1966 Upper Voltan coup d'état: President Maurice Yaméogo is deposed by a military coup in the Republic of Upper Volta (modern-day Burkina Faso). * January 10 ** Pakistani–Indian peace negotiations end successfully with the signing of the Tashkent Declaration, a day before the sudden death of Indian prime minister Lal Bahadur Shastri. ** The House of Representatives of the US state of Georgia refuses to allow African-American representative Julian Bond to take his seat, because of his anti-war stance. ** A Commonwealth Prime Ministers' Conference convenes in Lagos, Nigeria, primarily to discuss Rhodesia. * January 12 – United States President Lyndon Johnson states that the United States should stay in South Vietnam until Communist aggression there is ended. * January 15 – 1966 Nigeria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1951 Establishments In Lebanon
Events January * January 4 – Korean War: Third Battle of Seoul – Chinese and North Korean forces capture Seoul for the second time (having lost the Second Battle of Seoul in September 1950). * January 9 – The Government of the United Kingdom announces abandonment of the Tanganyika groundnut scheme for the cultivation of peanuts in the Tanganyika Territory, with the writing off of £36.5M debt. * January 15 – In a court in West Germany, Ilse Koch, The "Witch of Buchenwald", wife of the commandant of the Buchenwald concentration camp, is sentenced to life imprisonment. * January 20 – Winter of Terror: Avalanches in the Alps kill 240 and bury 45,000 for a time, in Switzerland, Austria and Italy. * January 21 – Mount Lamington in Papua New Guinea erupts catastrophically, killing nearly 3,000 people and causing great devastation in Oro Province. * January 25 – Dutch author Anne de Vries releases the first volume of his children's novel ''Journey Through the Night'' ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roger Tamraz
Roger Edward Tamraz (Arabic: روجيه تمرز) is an international banker and venture capital investor who has had an active business career in oil and gas in the Middle East, Europe, Asia and the United States since the early 1960s. He is the billionaire chairman of the Dubai, UAE-based petroleum energy firm NetOil. Tamraz is featured in the book '' See No Evil'', which loosely inspired the film Syriana. Early life and education Born 1940 in Cairo, Egypt to an Assyrian family from Lebanon, Tamraz grew up speaking fluent English, French and Arabic. His early schooling was at the prestigious English School in Cairo. He subsequently attended the American University in Cairo, Cambridge University in a Ph.D. programme, and the Institut Européen d’Administration (INSEAD) in Fontainebleau, France. He received an MBA in 1966 from Harvard Business School, where his classmates included many future leaders in Western and international governments and businesses. New York Daily News, M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Kuwait
The National Bank of Kuwait (NBK) was founded in 1952. It is the largest financial institution in Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort .... With branches and subsidiaries in China, Geneva, London, Paris, New York and Singapore. And a regional presence across the Middle East in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the UAE. The group reported a net profit after non-controlling interests of KD 370.7 million compared to KD 322.4 million for 2017, an increase of 15%. Operating profit amounted to KD 606.9 million as compared to KD 557.2 million in 2017, an increase of 8.9%. Net interest income and net income from Islamic financing at KD 690.5 million reflects a 9.8% increase on 2017 (KD 629 million). Net fees and commissions at KD 150.2 mill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raison D'être
Raison d'être is a French expression commonly used in English, meaning "reason for being" or "reason to be". Raison d'être may refer to: Music * Raison d'être (band), a Swedish dark-ambient-industrial-drone music project * ''Raison D'être'' (album), an album by Australian jazz fusion guitarist Frank Gambale Songs * "Raison d'etre", a song by Asriel (band) from the album ''Abyss'' * "raison detre", a song by Japanese rock band Dir En Grey on the album ''Gauze'' * "Raison d'etre", a song by Japanese rock band Nightmare used as opening theme of the anime ''Claymore'' * "Raison d'être", a song used as the ending theme of the Chobits anime by Japanese singer and voice actress Rie Tanaka * "Raison d'etre", a song by British rock band Buzzcocks from the album ''A Different Kind of Tension'' * "Raison d'être～交差する宿命～", a song by Tomosuke Funaki under the alias Zektbach for the arcade game ''beatmania IIDX 17: Sirius'' * "Raison d'être~レーゾンデートル~", a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Helou
Charles Helou ( ar, شارل الحلو; 25 September 1913 – 7 January 2001) was a Lebanese politician and President of Lebanon from 1964 to 1970. Early life and education Born in Beirut on 25 September 1913, Helou was the scion of a powerful Maronite family from Baabda. He graduated with honours from St. Joseph's University in Beirut in 1929, and went on to complete a law degree in 1934. Helou worked in his early years as a journalist at the French language newspaper '' L'Eclair du Nord''. He was also at one time the political editor of ''Le Jour'', a French daily newspaper owned by his close friend Michel Chiha. In 1936, he made his first foray into politics, when he joined with Pierre Gemayel and three others in launching the Kataeb (Phalangist) Party. Differences with Gemayel later led Helou to quit the party, however. Career Helou's first governmental appointment was as ambassador to the Vatican in 1947. In 1949 he took part in the Israel/Lebanese armistice nego ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in China's Jiangling Motors. It also has joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand ( AutoAlliance Thailand), and Turkey ( Ford Otosan). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beirut
Beirut, french: Beyrouth is the capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, which makes it the third-largest city in the Levant region. The city is situated on a peninsula at the midpoint of Lebanon's Mediterranean coast. Beirut has been inhabited for more than 5,000 years, and was one of Phoenicia's most prominent city states, making it one of the oldest cities in the world (see Berytus). The first historical mention of Beirut is found in the Amarna letters from the New Kingdom of Egypt, which date to the 14th century BC. Beirut is Lebanon's seat of government and plays a central role in the Lebanese economy, with many banks and corporations based in the city. Beirut is an important seaport for the country and region, and rated a Beta + World City by the Globalization and World Cities Research Network. Beirut was severely damaged by the Lebanese Civil War, the 2006 Lebanon War, and the 2020 massive explosion in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
