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Yousef Beidas
Yousef Beidas ( ar, يوسف بيدس, also transliterated Yusif Bedas, Yusef Baydas, Yousif Beydas) (December 1912 - 28 November 1968) was a banker born to a Palestinian father and a Lebanese Beirut-born mother. Known as "The Genius from Jerusalem" and the founder and Chairman of Intra Bank headquartered in Lebanon, he was a central figure in one of the Middle East's financial success stories and later one of its most disastrous financial collapses. Until his final days, Beidas claimed he was victim of 'a well-planned conspiracy'. Early life Born in Jerusalem, Palestine (region) under Ottoman rule, Beidas was the son of Palestinian author and scholar Khalil Beidas and a Lebanese mother. In Mandatory Palestine he enjoyed a brilliant and precocious career. He was appointed the director of the exchange section of the Palestinian branch of Barclay's Bank at 21 years of age, and rose to be manager of the Arab Bank by the end of World War 2. Having fled Palestine in 1948 with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palestinians
Palestinians ( ar, الفلسطينيون, ; he, פָלַסְטִינִים, ) or Palestinian people ( ar, الشعب الفلسطيني, label=none, ), also referred to as Palestinian Arabs ( ar, الفلسطينيين العرب, label=none, ), are an ethnic group, ethnonational group descending from peoples who have inhabited the region of Palestine (region), Palestine over the millennia, and who are today culturally and linguistically Arabs, Arab. Despite various Arab–Israeli conflict, wars and Palestinian exodus (other), exoduses, roughly one half of the world's Palestinian population continues to reside in the territory of former Mandatory Palestine, British Palestine, now encompassing the West Bank and the Gaza Strip (the Palestinian territories) as well as Israel. In this combined area, , Palestinians constituted 49 percent of all inhabitants, encompassing the entire population of the Gaza Strip (1.865 million), the majority of the population of the We ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suez Crisis
The Suez Crisis, or the Second Arab–Israeli war, also called the Tripartite Aggression ( ar, العدوان الثلاثي, Al-ʿUdwān aṯ-Ṯulāṯiyy) in the Arab world and the Sinai War in Israel,Also known as the Suez War or 1956 War; other names include the ''Sinai war'', ''Suez–Sinai war'', ''1956 Arab–Israeli war'', the Second Arab–Israeli war, ''Suez Campaign'', ''Sinai Campaign'', ''Kadesh Operation'' and ''Operation Musketeer'' was an invasion of Egypt in late 1956 by Israel, followed by the United Kingdom and France. The aims were to regain control of the Suez Canal for the Western powers and to remove Egyptian president Gamal Abdel Nasser, who had just swiftly nationalised the foreign-owned Suez Canal Company, which administered the canal. Israel's primary objective was to re-open the blocked Straits of Tiran. After the fighting had started, political pressure from the United States, the Soviet Union and the United Nations led to a withdrawal by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Park Lane
Park Lane is a dual carriageway road in the City of Westminster in Central London. It is part of the London Inner Ring Road and runs from Hyde Park Corner in the south to Marble Arch in the north. It separates Hyde Park to the west from Mayfair to the east. The road has a number of historically important properties and hotels and has been one of the most sought after streets in London, despite being a major traffic thoroughfare. The road was originally a simple country lane on the boundary of Hyde Park, separated by a brick wall. Aristocratic properties appeared during the late 18th century, including Breadalbane House, Somerset House, and Londonderry House. The road grew in popularity during the 19th century after improvements to Hyde Park Corner and more affordable views of the park, which attracted the nouveau riche to the street and led to it becoming one of the most fashionable roads to live on in London. Notable residents included the 1st Duke of Westminster's residenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rockefeller Center
Rockefeller Center is a large complex consisting of 19 commerce, commercial buildings covering between 48th Street (Manhattan), 48th Street and 51st Street (Manhattan), 51st Street in Midtown Manhattan, New York City. The 14 original Art Deco buildings, commissioned by the Rockefeller family, span the area between Fifth Avenue and Sixth Avenue (Manhattan), Sixth Avenue, split by a large sunken square and a private street called Rockefeller Plaza. Later additions include 75 Rockefeller Plaza across 51st Street at the north end of Rockefeller Plaza, and four International Style (architecture), International Style buildings on the west side of Sixth Avenue. In 1928, the site's then-owner, Columbia University, leased the land to John D. Rockefeller Jr., who was the main person behind the complex's construction. Originally envisioned as the site for a new Metropolitan Opera building, the current Rockefeller Center came about after the Met could not afford to move to the proposed new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fifth Avenue
Fifth Avenue is a major and prominent thoroughfare in the borough of Manhattan in New York City. It stretches north from Washington Square Park in Greenwich Village to West 143rd Street in Harlem. It is one of the most expensive shopping streets in the world. Fifth Avenue carries two-way traffic from 142nd to 135th Street and carries one-way traffic southbound for the remainder of its route. The entire street used to carry two-way traffic until 1966. From 124th to 120th Street, Fifth Avenue is cut off by Marcus Garvey Park, with southbound traffic diverted around the park via Mount Morris Park West. Most of the avenue has a bus lane, though not a bike lane. Fifth Avenue is the traditional route for many celebratory parades in New York City, and is closed on several Sundays per year. Fifth Avenue was originally only a narrower thoroughfare but the section south of Central Park was widened in 1908. The midtown blocks between 34th and 59th Streets were largely a residential ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Organization
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as ''a mutual''. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle East Airlines
Middle East Airlines – Air Liban S.A.L. ( ar, طيران الشرق الأوسط ـ الخطوط الجوية اللبنانية ''Ṭayyarān al-Sharq al-Awsaṭ – al-Khuṭūṭ al-jawiyyah al-lubnāniyyah''), more commonly known as Middle East Airlines (MEA) ( ar, links=no, طيران الشرق الأوسط ''Ṭayyarān al-Sharq al-Awsaṭ''), is the national flag-carrier airline of Lebanon, with its head office in Beirut, near Beirut–Rafic Hariri International Airport. It operates scheduled international flights to Asia, Europe, the Middle East, and Africa from its base at Rafic Hariri International Airport. Middle East Airlines (MEA) is a member of the SkyTeam airline alliance. MEA expressed its interest in becoming a SkyTeam associate member in early 2006 at a press conference in New York. On 28 February 2011, the airline signed the partnership agreement with SkyTeam at a ceremony in Beirut, and officially joined the alliance on 28 June 2012, becoming its 17th memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Casino Du Liban
Casino du Liban is a casino located in Maameltein, in Lebanon and is 22 km north of Beirut. With an area of about 35,000 square meters, the casino has around 400 slot machines and 60 gaming tables. It has a showroom, night club, theater, banquet facility and five restaurants. The casino was first opened in 1959. It closed in 1989 during the Lebanese Civil War and reopened in 1996 after a $50 million reconstruction and refurbishment project. The Casino du Liban is majority-owned by Intra Investment Company, a Lebanese government-controlled company which is the remainder of the former Intra Bank, with the remainder of the shares held by private companies and individuals. The casino is managed by London Clubs International, a subsidiary of Caesars Entertainment. Performers at the Casino's night club included Duke Ellington, Danny Thomas, Jacques Brel, and Julio Iglesias. Visitors at the casino included King Hussein of Jordan, Albert II, Prince of Monaco, the Shah of Iran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab States Of The Persian Gulf
The Arab states of the Persian Gulf refers to a group of Arab states which border the Persian Gulf. There are seven member states of the Arab League in the region: Bahrain, Kuwait, Iraq, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Yemen is bound to the six countries of the Gulf Cooperation Council, based on history and culture. The term has been used in different contexts to refer to a number of Arab states in the Persian Gulf region. The prominent regional political union Gulf Cooperation Council includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Historically, various British Empire protectorates, including the Trucial States were Arab states along the Persian Gulf. Politics Some of the Arab states of the Persian Gulf are constitutional monarchies with elected parliaments. Bahrain ('' Majlis al Watani'') and Kuwait ('' Majlis al Ummah'') have legislatures with members elected by the population. The Sultanate of Oman also has an ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hot Money
In economics, hot money is the flow of funds (or capital) from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts. These speculative capital flows are called "hot money" because they can move very quickly in and out of markets, potentially leading to market instability.CRS Report for Congress, July 21, 2008: China’s "Hot Money" Problems, by Micheal F. Martin and Wayne M. Morrison Illustration of hot money flows The following simple example illustrates the phenomenon of hot money: In the beginning of 2011, the national average rate of one year certificate of deposit in the United States is 0.95%. In contrast, China's benchmark one year deposit rate is 3%. The Chinese currency (renminbi) is seriously undervalued against the world's major trading currencies and therefore is likely to appreciate against the US dollar in the coming years. Given this situation, if an investor in the US deposits his or her mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petrodollars
Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). It generally refers to the phenomenon of major petroleum-exporting states, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in their own economies. The resulting global interdependencies and financial flows, from oil producers back to oil consumers, can reach a scale of hundreds of billions of US dollars per year – including a wide range of transactions in a variety of currencies, some pegged to the US dollar and some not. These flows are heavily influenced by government-level decisions regarding international investment and aid, with important consequences for both global finance and petroleum politics. The phenomenon is most pronounced during periods when the price of oil is historically high. The term petrodollar was coined in the early 1970s during the oil c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
