Word: arabized
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Dates: during 1980-1989
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Second, the phenomenal post-War growth of the West, particularly Western Europe and Japan, increasingly rode on cheap Arab oil, Quietly, throughout the '50s and '60s Western dependence on imported oil steadily grew, until the sheiks gathered enough expertise and courage to take advantage of their golden opportunity. The subsequent oil shocks of '73-'74 and '79-'80, both associated with Mideast war, dealt a severe and permanent blow to the World economy. These shocks were a major contributor to three well-known trends of the '70s--inflation, unemployment, and conservation. A loss to the Western economies of over...
...rude, accusatory and cynical. I have been accused of being unpatriotic, anti-Israeli, anti-Arab and anti-American. I meddle in politics, harass illegal businesses and cause other untold difficulties for governments. Some say I am arrogant and self-righteous. I am glad. That is what makes good reporters...
...Volcker had good fortune on their side. With the world awash in an oversupply of oil, the once mighty Organization of Petroleum Exporting Countries could no longer dictate the cost of crude. The group's new powerlessness moved Mani Said al-Oteiba, Oil Minister of the United Arab Emirates, to compose a doleful poem that began...
...unexpectedly warm encounter-some Middle East experts called it a "historic meeting"-had significance for both men. For Arafat it was a gamble, but also something of a diplomatic coup, coming so quickly after the expulsion from Tripoli. A rapprochement with Cairo, which had been isolated in the Arab world since the Sadat peace initiative, could lead to stronger ties between Arafat's segment of the P.L.O. and the moderate governments of Saudi Arabia and Jordan. It might even bring about a resumption of discussions between Arafat and Jordan's King Hussein to determine a common front...
...Mubarak, the encounter with Arafat was a step toward an Egyptian reconciliation with much of the Arab world. Palestinian hard-liners called Arafat's move "treason," and Syria denounced him as "the new Sadat," but Arab moderates were delighted. As further indication that the Arabs' isolation of Egypt is ending, Jordan said that it would resume full-scale trading with Egypt for the first time in five years...