Word: arabia
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Dates: during 1980-1989
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...customers return within three years to trade up to a superyacht. "Twenty-five years ago, a 120-footer was for kings and princes," says Denison. "Now the average boat we build is 90 feet." As for size, which matters greatly to yacht owners, King Fahd of Saudi Arabia owns the world's biggest yacht, the 482-ft. Abdul Aziz, which includes a mosque and a movie theater that seats 100. Because the King's yacht is currently in drydock, the unquestioned ruler of the waves is Queen Elizabeth's 412-ft. Britannia...
...rulers of Saudi Arabia, ordinarily loath to clash openly with Muslim brethren, have decided to take off the gloves. Their wrath is directed at the Iranian government of Ayatullah Ruhollah Khomeini, whom the Saudis blame for last month's rioting in the holy city of Mecca in which 400 people were reported killed. In Jidda last week Prince Naif, the Saudi Interior Minister, held a rare press conference at which he charged that Iran had plotted a "conspiracy" in sending Shi'ite Muslim "criminal gangs" to Mecca to foment trouble against the Saudis...
Without doubt, Syrian-Iranian tension was at the heart of the case. If the Syrians had been angered by Glass's abduction, they were shocked by last month's incident in Saudi Arabia at the holy city of Mecca, where thousands of Iranian Shi'ite pilgrims staged a bloody riot against Saudi authority. This, in turn, caused other Arab leaders to urge Assad to stop supporting Iran in the gulf war -- a step that would cost him his right to buy Iranian oil at heavily discounted prices. According to Syrian diplomats, Damascus has warned Iran against widening...
Iran has also continued its imprecations against Saudi Arabia in the wake of the rioting at Mecca last month that left nearly 300 Iranian pilgrims dead. The strain was worsened by news last week that a Saudi diplomat had died from injuries suffered when he fell, or was pushed, out of a window while Iranian mobs sacked the Saudi embassy in Tehran following the Mecca riot...
Though Saudi Arabia's Petroline cost as much as $5 billion, the network equips the kingdom with the best hedge that money can buy against a possible closing of the gulf. With pipeline access to the Red Sea for shipping its oil, Saudi Arabia can avoid an export shutdown caused by the tanker war and is better equipped to withstand any pressure to fall in line with policies pushed by Iran...