Word: arabian
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...interest in the Société des Bains de Mer, which runs the Monte Carlo Casino. His reason: he had been snubbed in his search for office space. When he finally sold his interest back to Rainier, he cleared $5,000,000. In a 1954 attempt to monopolize the Saudi Arabian oil market, he made a deal with King Saud that would have given him exclusive rights to ship that country's petroleum. He thus brought down the collective wrath of the world's oilmen, who finally brought him to heel...
Friendly Firing. Like much of the modern business in the Middle East, Trans-Med was born because of the oil industry. Abu-Haidar, graduating from the American University of Beirut, decided against a career in medicine, went to work as a junior clerk for the Arabian American Oil Co. He was eventually named head of the transportation department, given the job of providing food and equipment for Aramco crews prospecting along the Persian Gulf. Trucks carrying the supplies either bogged down in the desert or were stopped by tribesmen; ships sometimes went aground. Abu-Haidar decided to switch to airplanes...
...ships for the Allies. During that time, Bechtel was also gaining experience in oil-refinery engineering and pipeline construction, which paid off handsomely in postwar years. Since then, Bechtel engineers have been consistently busy. One of their earlier enterprises: laying a large part of the 1,100-mile trans-Arabian pipeline linking the Persian Gulf with the Mediterranean in 1947-50. One of their more recent tasks: building the transalpine line between Trieste and Ingolstadt in Bavaria, completed last year...
...tons a year) in the next five years to finance his national-development program. The Shah is not at all impressed by consortium claims that the world oil mar ket is already glutted. Last month, when several of the consortium's member companies started drilling for offshore Saudi Arabian oil in the Persian Gulf, the Shah was so incensed that he dis patched patrol boats to stop the drilling and arrest the oilmen...
...disputed area is a 3,500-sq.-mi. stretch of the Rann of Kutch, a desolate stretch of salt flat and sand dunes that is located on the coast of the Arabian Sea between the two countries and inhabited chiefly by flamingos and wild asses. Pakistan and India fought a number of sharp engagements in the Rann in early 1965, but agreed to submit the conflict to binding international arbitration before a larger border war broke out a few months later over Kashmir. The tribunal turned down Pakistan's bid for the area...