Word: arabian
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...Arabian Knight...
...cooperation (see below). Most notable good news of the week was that the U.S. and Saud, without wasting time on platitudinous shows of regard, were settling down to negotiate a tough and workable agreement whereby 1) the U.S. Air Force would continue to use the key $50 million Saudi Arabian air base at Dhahran, 2) the U.S. would send Saud phased shipments of arms that would strengthen Saud as a monarch but would also increase Saud's value as a stability factor in the Middle East...
...Arabian Announces Accord With Dulles...
Since the Suez invasion, Iraqi, Syrian and Saudi Arabian troops have moved into Jordan to "protect" it; the Syrians and Saudis are still there. The Israelis watch edgily from across a 330-mile border, and at some future date might not mind advancing to the Jordan River, a natural frontier some 30 miles east from the present boundary, if they thought they could get away with it. The unceasing Arab nationalist agitation among Jordan's large Palestinian refugee population has moved young King Hussein to offer to give up his throne if that would advance the cause of Arab...
...Aramco is always obsequiously anxious not to jeopardize a deal which is one of oildom's most profitable. At 40? a barrel (v. $1.03 in the U.S.), Arabian Oil is one of the world's cheapest to produce, sells for $1.90 on the world market. From the beginning, Aramco's operations have been an exemplary display of enlightened management. In 1950, seeing the handwriting writ large across the Middle East by Britain's gathering troubles in Iran, Aramco increased the Saud share in the oil profits to 50%, the Middle East's first...