Word: arabian
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...great advantage is that he is as much at ease in a trimly tailored Western business suit as in Arabia's traditional flowing thobe. He straddles cultures, enjoying Arabian poetry and folk dancing, but also loving classical music and oilmen's lusty jokes. Western businessmen like Yamani and respect him because he knows the oil business inside out. "If that man ever went into private consultancy, he'd be swamped," says a U.S. State Department official. "All the American oil companies would want him on retainer...
...concern owned jointly by the Dutch and the British--Shell, 11 American companies, and a French concern all have minor interests. The most important of these cartels is Aramco, formed by Standard Oil of New Jersey, Mobil, Standard Oil of California, and Texaco in partnership with the Saudi Arabian government, which controls the richest oil deposits in the world...
Arab governments are having trouble spending their money. Last year the Saudi Arabian government could only spend 60 per cent of its $4 billion budget. The Kuwaits have tried large giveaway schemes, in which the government practically gave away land to citizens which was bought back at higher prices. At the same time, the Arab governments are eager to industrialize, in order to diversify their economies...
...Peking talks, but the Middle East crisis gave the visit a more urgent tone. More than 80% of Japan's oil has been coming from the Middle East. While reports of a formal Arab "ultimatum" were denied by government sources in Tokyo, TIME learned that Saudi Arabian Oil Minister Ahmed Zaki Yamani suggested to the Japanese ambassador that in order to be classed as a "friendly" nation, Japan should break relations with Israel. Tanaka told Kissinger that to get supplies, Japan would have to abandon its formally neutral stance for a pro-Arab policy, and asked for U.S. understanding...
...roads, public health and education, including the first schools for girls. Today more than 100,000 girls are in school, yet women remain last-class citizens in Saudi Arabia. They must wear veils in public, cannot drive cars or hold jobs that bring them into contact with men. Saudi Arabian Airlines has to recruit Lebanese and other foreign women as stewardesses...