Historically interesting American 14K gold pocket watch Circa 1947

Gold presentation watch to the president of Libanon
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A historically interesting American 14K yellow gold keyless presentation pocket watch, circa 1947. Presentation watch to President Bechara Khalil el Khoury of Libanon. Presented by Fareed N. Kiamie to President Bechara Khalil El Khoury of Lebanon on December 25th, 1947. Accompanied by the original Hamilton fitted box and Hamilton hang-tag. A polished case, curved stepped bezel, the back inscribed “With Great Esteem and Gratitude to President Bechara Khalil El Khoury, Fareed N. Kiamie, December 25th, 1947”. Brushed silver dial with applied yellow gold Arabic numerals and dot indexes, engraved dot minute divisions, subsidiary seconds and yellow gold alpha hands. A rhodium-plated movement, Geneva striping decoration, 17 jewels, straight-line lever escapement, monometallic balance adjusted to three positions, self-compensating Breguet balance spring, index regulator. Dial, case and movement signed.
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Diameter: 45 mm
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Signed: Hamilton  U.S.A.
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Bechara El Khoury (10 August 1890 – 11 January 1964) was the first post-independence President of Lebanon, holding office from 21 September 1943 to 18 September 1952, apart from an 11-day interruption (11-22 November) in 1943. He had previously served two brief terms as Prime Minister, from 5 May 1927 to 10 August 1928 and from 9 May to 11 October 1929. Khoury is remembered for his part in drawing up the National Pact, an agreement between Lebanon’s Christian and Muslim leaders which forms the basis of the country’s constitutional structure today, although it was not codified in the Constitution until the Taif Agreement of 1989. In the Pact, Christians accepted Lebanon’s affiliation with the Arab League and agreed not to seek French protection, while Muslims agreed to accept the Lebanese state in its present boundaries and promised not to seek unification with neighbouring Syria.
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The Pact also distributed seats in the National Assembly in a ratio of six Christians to five Muslims, based on the 1932 census (this has since been modified to represent followers of the two religions equally). Most significantly, the three main constitutional offices (President, Prime Minister, and National Assembly Speaker) were assigned to a Maronite Christian, Sunni Muslim, and Shi’a Muslim, Lebanon’s three largest confessions, respectively. Khoury’s years in office were marked by great economic growth, but the 1948 Israeli War of Independence (in which Lebanon fought on the Arab side) strained the Lebanese economy with its financial cost and with the influx of some 100,000 Palestinian refugees. These factors, along with suspicions of corruption in Khoury’s administration, provoked massive demonstrations which forced him to resign on 18 September 1952. He was succeeded by Camille Chamoun, although technically Fuad Chehab succeeded him temporarily as acting president.