Word: arabia
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...most startling of these so far has been a Reagan assertion, in support of his contention that the U.S. could be self-sufficient in energy without Government controls, that Alaska alone has more oil than Saudi Arabia. It turned out that he was comparing oil already discovered in Saudi Arabia with oil that might someday be found in Alaska ?and even on that basis he got the figures wrong. The highest guess for possible Alaskan reserves is 100 billion bbl., of which only 9.6 billion bbl. are considered proven reserves. Saudi Arabia has 200 billion bbl. in proven reserves...
Since the Nixon administration decided that the Shah was a good bet in the Persian Gulf region, America has handled out arms in increasingly large numbers, presumably to forestall the Soviet menace. Some countries, like Saudi Arabia, already have the requisite bucks and simply extend the payments over a long period. For smaller outposts of democracy, such as the Marcos government in the Phillippines and the Somoza exregime in Nicaragua, the U.S. government either grants military aid, which is used for arms purchases, or extends a line of credit for 10 per cent of the purchase, and allows the remainder...
...Dresdner and Britain's Barclay perform two vital and interrelated functions. Operating largely from London's money center, the big financial institutions have first of all provided a safe and secure place for Croesus-rich oil exporters, particularly Kuwait, the United Arab Emirates and Saudi Arabia, to park their unspent petro-profits, which by now amount to over $90 billion. The security and peace of mind that comes from feeling that their money is safe in these banks have been crucial factors in encouraging oil sheiks to go on pumping and selling more crude than they really need...
Western diplomats in Damascus believe that the Syrians are also trying to jolt the Palestine Liberation Organization into adhering more closely to the Damascus line. After P.L.O. Chairman Yasser Arafat visited Iraq and Saudi Arabia recently without clearing his business with Syria, he was summoned to Damascus by President Hafez Assad, who warned the Palestinian leader not to get "too far out in front" of Syrian policies...
Manila, Lisbon, Istanbul, Mexico City and Bogotá boast the cheapest prices, while Jeddah (Saudi Arabia), Abu Dhabi and Manama (Bahrain) are the most expensive. Incomes are also swept away rapidly in Tokyo, Oslo, Geneva and Copenhagen. The 2.2 lbs. of medium-quality rump steak that would cost $7 in the U.S. fetches $24 in Zurich and $41 in Tokyo. In Jeddah a smoker must pay $4.99 for a pack of Marlboro cigarettes...