Word: arabized
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Dates: during 1980-1989
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...also kept meticulous notes. When they raided her town house after finding out about the business, reportedly from a disgruntled call girl, investigators discovered a not-so-little black book with the names of more than 3,000 clients, a list so rich with executives, athletes, Arab sheiks, foreign officials, movie stars and prominent society figures that one awed officer called it a Who's Who. Each patron's pet vices were neatly inked next to his name. One notation cautioned that the customer often reeked of garlic. Another, more refined regular was so valued he was rewarded...
...crude, to $28.65. For oil exporters the events were ominously familiar. When Norway and Britain officially discounted their oil in February 1983, the move forced the Organization of Petroleum Exporting Countries to make its first price cut in history, a $5-per-bbl. markdown, to $29 for the benchmark Arab Light crude...
Taken alone, last week's price cuts will have little impact on fuel prices in the U.S. But if they force OPEC to cut its benchmark Arab Light by about $1.50, to $27.50, gasoline prices in the U.S. could fall by about 30 per gal. Lower energy prices would spark more economic growth. But a fall in oil revenue would aggravate the problems of such countries as Mexico and Venezuela, which depend largely on oil income to pay their enormous foreign debts. Their trouble could extend to the dozens of U.S. banks that hold Latin American loans...
...earlier. Stockpiles in Western countries equal only 94 days of consumption, the lowest for the month of October since 1979. As soon as oil companies begin topping off their tanks for the winter, prices may snap back. Said a confident Mani Said al-Oteiba, Oil Minister of the United Arab Emirates: "It's a matter of weeks.'' -By Stephen Koepp...
GENEVA, Switzerland--A key Arab oil minister, Mana Saced Oteiba of the United Arab Emirates, suggested yesterday that his country would cut the price of its oil if an emergency OPEC meeting this week failed to reach agreement...