Word: arabian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...were increased to 9.5%, it would mean more business for the U.S. shippers and more jobs for U.S. seamen, but, economists estimate, it could cost the nation an additional $300 million for foreign oil. Because of higher transportation costs, the big petroleum companies would have to pay more for Arabian crude and charge more for gasoline at the pump. Hence the curious coalition between giants of the industry and consumer advocates in lobbying against the bill...
...slake the world's growing thirst. Prince Faisal's own company, Iceberg Transport International, is considering a plan to find a 100 million-ton iceberg off Antarctica,* wrap it in sailcloth and plastic to slow its melting, and then use powerful tugboats to tow it to the Arabian peninsula, where it would supply enormous quantities of drinking water. The journey would take about eight months and the project would cost around $100 million, according to estimates...
...such investments as attempts to use oil profits to "take over" the U.S., tend to make "passive" investments-in Treasury bills, bank deposits and corporate securities. The Saudis, who invested $14 billion in U.S. securities in 1976, are especially cautious. Explains Abdel Aziz Qoreishi, governor of the Saudi Arabian equivalent of a central bank: "We consider our surplus only temporary. We expect to bring the money home as our development plans get into high gear...
...muses one Saudi Arabian businessman about his country's frenetic pace of development. His comments point to a paradox of swiftly growing importance for the world economy. By many of the standard measures of power, Saudi Arabia should be a weak state. Its population is sparse: only 7.5 million people in a country twice the size of Western Europe. Its army is tiny: a mere 35,000 men. Economically, the country is only in the beginning stages of industrialism. It suffers from what elsewhere would be debilitating inflation (prices are rising about 40% a year), and so many...
Serious students of Middle Eastern affairs dismiss Erdman's scenario as wildly improbable, but his book is still being bought by many people who do not ordinarily purchase thrillers. Known readers include many of the corporate executives who attended the Time Inc. Energy Conference in Williamsburg, Va.; Saudi Arabian Minister of Industry and Electricity Ghazi Al-Qusaibi ("I thought it was fun reading, but I certainly don't take it seriously"); and some diplomats at the Iranian embassy in Washington. The book is banned in Iran itself, but Western visitors keep being asked by Iranian friends to bring...