Word: arabia
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
After Tanzanian troops and Ugandan rebels ended the bloody regime of Idi Amin Dada in Uganda ten years ago, the deposed dictator retreated into quiet exile in Saudi Arabia. But last week he stepped off an Air Zaire jet in Kinshasa and tried to enter the country under a false passport. Zaire officials are expected to put their unwelcome visitor on the next plane back to Saudi Arabia. But it remains a mystery whether Amin, who was traveling with his son, was merely trying to visit Zaire or making his way back to Uganda...
...Secretary-General of the Yemen Socialist Party Ali Salem al Beedh, a Politburo member who was wounded in the abortive coup. He is pressing a drive initiated last year to improve South Yemen's long-troubled relations with its neighbors. He wants to end ruptures with Oman and Saudi Arabia, and especially to advance on-again off-again efforts to merge with North Yemen. Al Beedh is planning an early resumption of relations with the U.S., broken...
Ronald Reagan, meanwhile, had been getting a fusillade of transatlantic telephone calls urging him to be more sensitive to Arafat's position and readier to accept his concessions. Repeated pleas came from Egypt's Mubarak, Jordan's Hussein, Saudi Arabia's King Fahd. Just as important, such close U.S. friends as Britain's Prime Minister Margaret Thatcher, France's President Francois Mitterrand and West Germany's Chancellor Helmut Kohl joined the persistent chorus...
...most investors realize that U.S. oil properties will be quite dear someday, since the country's 25.3 billion bbl. in estimated reserves are less than one-sixth of Saudi Arabia's. Last week twelve companies demonstrated their faith in the value of the finite resource by bidding a combined $7.3 billion for the oil and natural-gas assets of Houston-based Tenneco, which is selling those properties to concentrate on its gas-pipeline and construction- equipment businesses. Chevron agreed to pay $2.6 billion for the firm's stakes in the Gulf of Mexico, while T. Boone Pickens' firm, Mesa Limited...
...these are decidedly long-term investments. For the moment, oil prices seem capable of deep downward swings. Indonesia's Subroto, the OPEC secretary- general, has warned that prices could fall as low as $5 per bbl. if Saudi Arabia and the other overproducers were to keep flooding the market. If such predictions fail to spur the group toward cooperation over the next few weeks, OPEC may be setting the stage for the oil-price collapse...