Member's Blog


Written by Malek Wednesday, 10 July 2013 14:47

Written by Malek Thursday, 4 July 2013 22:21

Written by Malek Thursday, 6 June 2013 15:10

Joseph Safra is the richest banker in the world, according to Forbes.

And, incidentally, the name Safra means yellow, or gold, in Arabic.

Convenient. Especially since the illustrious family has had their hand in the gold trade since the Ottoman Empire, facilitating trade throughout the Middle East.

Notorious for their stable yet clandestine banking operations, the mysterious Safra family continues today as a fortress of banking successes.

But the real question on everyone’s mind is this: how has such an illustrious family, at times seeped in scandal, managed to remain so mysterious to the public eye. And what transpired to cause the untimely death of its golden boy, Edmond Safra?

The Safra dynasty started in the Ottoman Empire with Joseph Safra's great-great grandfather

The Safra dynasty, as it's known today, was born with banking mogul Joseph Safra’s (b. 1939) great-great grandfather well over a century ago.

The Lebanese Jewish family became the most trusted bankers of the Ottoman Empire, most notable for facilitating trade between Alexandria, Aleppo and Istanbul. 

Source: The Guardian

When the Empire fell apart, Joseph's father, Jacob, fled to Beirut to start another bank

When the Empire fell apart, Joseph's father, Jacob, fled to Beirut to start another bank

Beirut's Gran Serail Solidere, 1930

Wikimedia Commons

When the Ottoman empire began to unravel at the beginning of the twentieth century, Jacob Safra (father of Joseph and brother Edmond Safra) separated himself from the family business, Safra Freres et Cie. to open the Jacob E. Safra Bank in Beirut.

Jacob’s son Edmond joined the business at the ripe young age of 16 and quickly took over the institution's precious metals division.  

Source: The Guardian

Written by Malek Wednesday, 5 June 2013 23:04

Written by Malek Wednesday, 5 June 2013 16:43




Riots in Vancouver


Written by Malek Monday, 3 June 2013 14:44

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Written by Malek Tuesday, 21 May 2013 14:52

Written by Malek Wednesday, 1 May 2013 23:13


Twitter – it’s everywhere, isn’t it?

Well, maybe not, according to one study. Despite being widely known throughout France, with 89 percent of internet users aged 15 or over in the country aware of the micro-blogging social network, just 11 percent have, or once had, a Twitter profile.

Moreover, the survey, conducted by Ipsos and CGI back in March, revealed that only one in twenty (5 percent) of these users were actively engaged on Twitter, and most of these were simply reading (as opposed to posting) tweets.

This French indifference to Twitter is further confirmed with data from comScore, which noted that Twitter registered just 5.6 million unique visitors from French users in December 2012, compared to 34.3 million for Facebook and 8.6 million for French social network Skyrock.

While Twitter is struggling, it’s certainly not alone in this space. France has shown a general lack of interest in social media, with eMarketer estimating that just one-third of the population were active on social networks last year.