Word: arabism
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Dates: during 1970-1979
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...resigned from the government in 1966 to become a professor at the University of Cairo. An admirer of Western culture (his collection of classical records is reputed to be the finest in Cairo), Khalil also conceived the idea of one of the most effective weapons against the West: the Arab oil boycott of 1973 was his inspiration, which he sold first to the Saudis and then to the other Arab states...
...with the same kind of corruption, which could eventually stir social resentment. Akins and others thought that the U.S. was asking too much of Saudi Arabia, which is not strong enough to be the bulwark of U.S. interests in the Middle East. The Saudis are being criticized by other Arab states for cooperating too closely with the U.S., and the result in Saudi Arabia, Akins reported, "is a growing wave of anti-Americanism that has never happened before...
...would allow them buyer's rights to crude pumping from the wells in Sinai and the Gulf of Suez. The Ayatullah's zealous denunciations of Israel raised fears that some of the sophisticated U.S. weaponry purchased by the Shah might eventually be lent or sold to an Arab confrontation state. As for Egypt, President Anwar Sadat has to worry about the impact of Islamic resurgence on his own discontented masses, and about his growing political isolation in the Arab world...
...profit for European oil companies and oil traders acting as middlemen has riled the producing nations, which once again are wielding their monopoly power. They want higher prices for all their oil. "The oil companies are making excessive profits," insists Mani Said Utaiba, the Oil Minister for the United Arab Emirates...
Problems of state? Not at all, as Queen Elizabeth II, on the first leg of her three-week tour of Arab Gulf states, paused to chat with the Emir of Bahrain, Sheik Isa Bin Sulman al-Khalifa...