Word: arafat
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...TIME: In your long career you've survived things that would've destroyed lesser leaders. Recently you've had legal investigations, a revolt in your party, Yasser Arafat and the intifadeh. Do you feel that destiny is preserving you for some great moment that's coming...
...network in the late '90s, the firm ran into financial problems in 2001 as the worldwide demand for telecommunications dried up. Sawiris had to sell off assets, including a valuable franchise in Jordan, to pay down debts. In the process, he got support from an unusual business source: Yasser Arafat, the late Palestinian leader...
...Sawiris says he met Arafat twice, once in 2000 on the eve of the failed Middle East peace summit at Camp David: "I went away from that meeting and told my father: 'This man is not going to sign anything at the summit.'" But Arafat did approve a sizable investment in Orascom. The Palestinians partnered with Orascom in Algeria and Tunisia; when the firm ran into trouble, they exchanged some of its debt for equity. In all, the Palestinians invested about $200 million in Orascom - at one point, the official Palestine Investment Fund owned 9% of the company...
...Arafat P.L.O. hierarchy was more worried about the understandings reached in Saudi Arabia between Jordan and Syria. The main concern: that the two countries might agree on a format for dealing with the Israelis without P.L.O. participation. To try to ensure against that eventuality, Arafat's Tunis-based branch of the P.L.O. was assiduously cultivating two Syria-based P.L.O. factions, the Democratic Front for the Liberation of Palestine and the Palestinian Communist Party. Said a P.L.O. source in Tunis: "We don't want our cause to be hijacked by any Arab country or countries...
...withdrawing his Republican Party from Craxi's center-left coalition. In a meeting that insiders described as "cordially chilly," Craxi and Spadolini pledged to continue talking. But Spadolini, who supports the U.S. and Israel and has opposed the Craxi government's rapport with Palestine Liberation Organization Chairman Yasser Arafat, made it clear that he would not join a new coalition until Craxi clarified aspects of his foreign policy. Later Craxi hinted that he might try to form a coalition without Spadolini's Republicans, touching off a strong denunciation by his most crucial partner, the dominant Christian Democrat Party...