Word: bahrain
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Onoar cited a Bahrain government report that predicted that by 1992, 90 percent of the oil in the world will be produced by the Organization of Petroleum Exporting Countries (OPEC). At the same time, the United States will be importing 60 percent of the oil it uses, he says...
...increasingly showing its muscle on foreign ground. Six years after establishing a full-fledged subsidiary in London, it ranks No. 1 in the Eurobond market, having overtaken the likes of Deutsche Bank and Credit Suisse First Boston. Nomura controls investment or commercial banks in Britain, Australia, Switzerland, Singapore and Bahrain. In the U.S. it is a major dealer in Treasury issues and holds a seat on the New York Stock Exchange. In The Second Wave: Japan's Global Assault on Financial Services, Authors Richard W. Wright and Gunther A. Pauli put it this way: "Nomura stands alone as a giant...
...Dynasty, the luxury-accessories company has managed to remain closely held since it was founded by Guccio Gucci in 1904. Alas, no longer. The company announced last week that a 47.8% stake in the corporation has been sold for an estimated $135 million. The buyer: Investcorp, a Bahrain-based investment firm owned by more than 12,000 Arab shareholders, many of whom are prominent financiers and politicians...
...MANAMA, Bahrain--An Iranian speedboat shot up a Saudi Arabian-owned tanker in the Strait of Hormuz yesterday, hours after President Reagan said the U.S. Navy will no longer ignore attacks on noncombatants in the Persian Gulf region...
Those words hardly comforted the leaders of the six-nation Gulf Cooperation Council, which met last week in the Saudi Arabian capital of Riyadh to coordinate defense strategies. The six -- Saudi Arabia, Kuwait, Qatar, Oman, Bahrain and the United Arab Emirates -- fear that they will be drawn ever more deeply into the conflict. Iran has already launched Chinese Silkworm missiles against Kuwait. At the summit's opening, Saudi Arabia's King Fahd said the Iranians were "pointing their arrows to our chests instead of helping us to liberate Jerusalem from Zionist domination. There is no reasonable justification for this other...