Word: arabized
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Dates: during 1970-1979
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...other country in the Middle East is more important to U.S. economic and strategic interests than Saudi Arabia. Because of the immense oil wealth of the desert kingdom, its internal stability and its political moderation in Arab affairs, Washington has regarded Riyadh's support for the Camp David accords as vital to the success of any peace settlement. That support has not been forthcoming, despite pleas from Washington and Cairo. Saudi Arabia views any Egyptian-Israeli peace treaty as essentially bilateral and insists that only a comprehensive settlement involving all the confrontation states holds any real prospect for peace...
...largesse was just a trifle embarrassing since the Queen got a little bit better than she gave. Her official gifts to her hosts in Kuwait, Bah rain, Saudi Arabia, Qatar, the United Arab Emirates and Oman were sterling silver salvers engraved with a picture of the royal yacht Britannia. The Guardian estimated that the salvers probably cost between $4,000 and $6,000 apiece, adding somewhat cattily that Britain's "balance of payments on the transaction looks extremely healthy." Still, as the paper observed, "it's the thought that counts...
...solid gold palm tree, 18 inches high, that was hung with pearls representing dates, as well as a gold brooch in the shape of a sailing ship, studded with diamonds and rubies. Kuwait's offering: a double string of pearls and a solid silver model of an Arab TIM GRAHAM dhow. In Saudi Arabia, she picked up a gold incense burner, an amethyst-studded gold tray, a gold coffee jug shaped like a falcon and a pair of matching gold goblets. Prince Philip did not do badly either. His presents included several jewel-studded golden swords. The Prince, however...
...learned anything from its energy agonies? Apparently not. Five years after the Arab embargo gripped the nation in petroleum paralysis, the economy remains as vulnerable as ever to upheavals in faraway lands. All winter long the turmoil in Iran has brought chilling reminders of that fact, and last week came some of the scariest yet. It was hard to tell which were more frightening: signs that oil prices were about ready to leap again, or Washington's seeming impotence and inaction...
...credit and sheer gall, a troupe of about 300 international profiteers have become the principal beneficiaries of the galloping oil price increases that occur daily on the "spot market." They are the mysterious players in a loose old-boy network of private investors, former oil executives, foreign government officials, Arab sheiks and assorted middlemen, brokers and hustlers. "Many of them," says Joe Roeber, a London-based analyst of the spot market, "got out of trading used tires or razor blades or whatever else they were doing to start dealing in oil." Adds Roeber: "There is very little morality in this...