Word: arabism
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Dates: during 1970-1979
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...Ostensibly, the protests were directed against a new 8% sales tax imposed on occupied territories as well as Israel itself. Basically, though, the Palestinians were acting out their anger against Israeli military authorities, who have been their rulers since the 1967 Six-Day War. Says Bethlehem's Arab mayor, Elias Freij: "Until a Palestinian state is established on the West Bank, there cannot be any peace between us and the Israelis...
Some Palestinians, of course, are already thinking about their prospective new homeland in practical economic terms. These "Jews of the Arab world." as other Arabs haughtily refer to Palestinians, are already involved in tourism, real estate, banking and engineering elsewhere in the Middle East. They envision a Palestinian state that would become a kind of Middle Eastern Liechtenstein, offering a corporate base at easy tax rates for companies that wanted to operate in the Middle East. They assume that wealthy Arab states like Saudi Arabia would underwrite the costs of building a new country...
...occupied territories, according to TIME Correspondent Donald Neff, is between ten and 20 years. During that time, if the Palestinians demonstrate their peaceful intentions, the Israeli occupiers will gracefully and gradually withdraw. But the timetable has been speeded up now that the Lebanese civil war has been settled, and Arab states, at least, are once more moving toward broader peace negotiations. Not only in Damascus, Cairo and Riyadh but even in Washington, Middle East observers are now saying that sizable steps toward peace must occur in 1977. If they do not, Palestinian leaders now receptive to a settlement...
...Saudi Arabia, whose sands and offshore waters contain by far the world's largest proven oil reserves. Eleven of OPEC's 13 members* voted to raise prices another 10.4% on Jan. 1 and yet a further 5% next July 1. But the Saudis, backed by the United Arab Emirates, announced that they would post only a 5% increase for the whole year. Moreover, Saudi Oil Minister Ahmed Zaki Yamani declared that Saudi Arabia would lift its self-imposed production limit of 8.5 million bbl. a day and pump out as much oil as the world market would take...
...after the split in Qatar, Vance praised the Saudis' "courageous and statesmanlike" action. Yamani, for his part, declared, "We expect the West, especially the United States, to show appreciation for what we have done." The U.S., he said, could indicate gratitude by working toward "settlement of the Arab-Israeli conflict," presumably by leaning on Israel to make concessions...