Word: arabian
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Pharaon, a Saudi Arabian entrepreneur, on a deal for Pharaon to buy 120,000 of Lance's 200,000-odd shares in the National Bank of Georgia for $2.4 million. That bailed out Bert and enabled him to pay off some of his daunting loans...
...story worthy of the thousand and one Arabian nights, and the British press played it with grisly gusto. ROYAL FAMILY KILL PRINCESS WHO ELOPED was the headline in the Observer, which spurred competing papers into ferreting out the lurid details. According to first reports, the tragic story involved a Saudi Arabian princess called Misha who married a commoner, thereby incurring the wrath of her princely grandfather; she was shot and her husband beheaded. Leading the Fleet Street pack was the Daily Express, which published some blurry pictures that purported to show the beheading of Misha's lover, taken...
...stories continued, the British Foreign Office issued a statement saying, "We share the regret already widely expressed that such a tragedy should have occurred." This in turn outraged the Saudi Arabian government, which launched a formal protest. British Foreign Secretary David Owen apologized to the Saudi royal family for the Foreign Office statement. That caused Labor M.P. Martin Flannery to introduce a motion in the House of Commons damning Owen's apology as "groveling, humiliating and shameful." The Daily Mail accused Owen of truckling to Saudi oil interests: "So down on your knees, Dr. Owen, before they cut off supplies...
...would seem from the offer by a Saudi Arabian to help Bert Lance out of his financial difficulties [Jan. 9] that the Arabs are gradually buying out this country. Let them. The greater an economic investment they have in the U.S., the more likely they are to avoid oil price increases or oil embargoes...
...meantime, the Shah of Iran visited Sadat in an effort to find a way to invite King Hussein's participation. The Shah also favors the creation of an autonomous West Bank-Gaza region under Jordanian sovereignty. He then flew to Riyadh for talks with Saudi Arabian leaders. The Saudis share the Shah's desire for a settlement, though they have a longstanding suspicion of the Iranians and are privately uneasy about the possibility of an Iranian-Israeli-Egyptian axis emerging after an eventual peace settlement...