Word: al-sabah
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...tankers carrying its oil, has taken out its frustrations on Iraq's Arab allies. With the expansion of the conflict, Kuwait sees the good life it has carved out for itself endangered by a war it does not consider its own. Asserts Foreign Minister Sheik Sabah al-Ahmad al-Sabah, the state's Foreign Minister: "The war is on our doorstep, and we feel the dangers more than others...
...high-quality education; Kuwait is the jewel of the gulf in intellectual life and social progress. Its enterprising press is the only one in the gulf that is not government-controlled, and its democratically elected National Assembly has been known to pass legislation against the wishes of the ruling Al-Sabah family. But there are fears in the nation that a war crisis would split the country into religious and political factions, destroying its v alued freedoms...
...Santa Fe could turn out to be Kuwait's most successful diversification move yet. The nation's government-owned Kuwait Petroleum Corp., which is directed by Sheik Ali Khalifa al-Sabah, the country's Oil Minister, already operates a fleet of more than a dozen supertankers. Earlier this year, the firm entered into joint ventures with U.S. companies, giving it a $185 million share in a Hawaiian oil refinery as well as participation in a U.S. oil exploration group. Kuwait, though, has not always been able to buy its way into the American market.Its 1980 attempt...
Citibank did not trade the portfolio of stocks heavily on a day-to-day basis, which upset Sheik Salem Abdullah Al-Ahmed Al-Sabah, Kuwait's director of U.S. investments. "If you do not do it our way," he wrote to the bank in December, "we'll transfer the funds. There are lots of good banks who want a chance to help us." The Kuwaiti government became more disturbed with Citibank when some confidential memos and the lists of its holdings were leaked to Financial Writer Dan Dorfman. In retaliation, Kuwait last month transferred the $4 billion stock...
...price increases. The current oil surplus is expected to have evaporated by fall. Even if it has not, the Saudis and others could decide to reduce production to keep pressure on prices. Other oil countries believe that Saudi Arabia will soon cut output. Said Kuwait Oil Minister Ali Khalifa al-Sabah: "There is no specific promise, but that is certainly my understanding-if only through the way Yamani held his brow...