Word: arabia
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Dates: during 1980-1989
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Kuwait's BP stock is the latest addition to one of the world's most diversified investment portfolios. Unlike Saudi Arabia, which has poured many of its petrodollars into grand domestic projects, Kuwait has invested most of its income overseas. The country holds $85 billion worth of stocks, bonds and real estate in the U.S. and Europe. Kuwait's overseas holdings provided a comfortable cushion when petroleum prices collapsed two years ago; in fact, the country earns more from investments than from oil exports...
...even those maverick producers seem ready to consider tightening their spigots. Last week in London, petroleum experts from non-OPEC countries met in an emergency session to discuss ways to mop up the glut. But OPEC is unlikely to follow suit. Saudi Arabia's Hisham Nazer and other oil ministers seem hesitant to discuss cutbacks, since some OPEC members flout existing quotas...
Since the early 1970s Soviet diplomatic efforts in the Middle East have been focused on such radical states as Syria and Libya. Now Moscow seems intent on branching out. The U.S. State Department has quietly told Saudi Arabia that it would not oppose, as it has for decades, Riyadh's proposal to establish full diplomatic relations with Moscow. Washington recognizes that the fervently anti-Communist Saudis are only recognizing the reality of growing Soviet power in the region. If no hitches develop, the Saudis and Soviets may go public with their friendship between Election Day and the 1989 presidential Inauguration...
Thesiger's greatest adventures came after the war in the vast deserts of southern Arabia, where for five years he traveled with the Bedouin. They receive his highest praise: "I knew I could not match them in physical endurance, but, with my family background, Eton, Oxford, the Sudan Political Service, I did perhaps think I would match them in civilized behaviour." That they do not make men like Thesiger anymore is obvious. That men like Thesiger were always as rare as water beds in the Sahara is gloriously evident in his proud and courtly autobiography...
What Syria desires is a maintenance of the status quo, which allows that country to position itself as the leader of the anti-Israeli vanguard, says Mylroie. This status earns Syria recognition and monetary support from Saudi Arabia and the Soviet Union. Mylroie says that to achieve a peace settlement, the U.S. should deemphasize negotiations with Syria and concentrate on talks with such states as Iraq and Jordan, which are more likely to abandon their strong anti-Israel stances...