Word: arabian
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...strength and gold's weakness could pass quickly. If the world's moneymen decide that the Reagan Administration's inflation policy is too weak or that it will be killed in Congress, the recent currency adjustments might change again. Said Mohammed Ali Abalkhail, the Saudi Arabian Finance Minister, last week: "We are still looking for clearer indication of what policy Reagan will really follow. That will determine whether the current surge in the dollar is a temporary phenomenon. " - By Christopher Byron...
...that Jordan should not enter into the negotiations until some measure of autonomy is in effect. Meanwhile, Israel was about to become the target of renewed political pressure in the rest of the Muslim world. Sheiks, ministers and kings of some 36 Islamic countries began gathering in the Saudi Arabian mountain resort of Taif for this week's Islamic conference, which promises to be a sumptuous as well as a polemical affair. The Saudis have poured a fortune into rebuilding the city with marble and glass at a cost of more than $1 billion. Among other obvious concerns, such...
...bought from the U.S. by the Shah. Carter ordered the deportation of all Iranian students in the U.S. who were not complying with the terms of their visas, suspended imports of Iranian oil (4% of U.S. consumption), ordered the carrier Midway to steam from the Indian Ocean to the Arabian Sea, and froze $8 billion in Iranian assets deposited in U.S. banks...
...Coldwell Banker real estate agency (asking price: $1.9 million). Their activities, said Press Aide Joseph Holmes, were "remarkably like anybody else getting ready to move." Reagan wandered through the house gathering up belongings and taking long looks at the stunning ocean views. He also accepted possession of a white Arabian stallion, a gift from Mexican President José López Portillo that Reagan had trouble quieting because of the press of onlookers...
Houstonians may be more interested in another newly bottled product: oil. Packaged in classic Bordeaux and Burgundy bottles, the black gold selections include Abu Dhabi Premium '59 ("rich and full-bodied, extraordinarily spirited"), Ghawar Valley Saudi Arabian Light '73 ("lively, complex, rich yet lean") and, for connoisseurs of domestic oilages, Texas Heavy Crude '78 ("ready for immediate enjoyment...