Word: dhabi
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Dates: during 1960-1969
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While Premier Abdel Rahman Bazzaz was getting the heave-ho in Iraq, the Middle East's tiny, oil-soaked sheikdom of Abu Dhabi was going through a similar-though less surprising-upheaval. Sheik Shakhbout bin Sultan, 61, who had been in power longer (since 1928) than any other Middle East ruler, was suddenly shipped off to nearby Bahrain Island one day last week, and his youngest brother, 46-year-old Sheik Zaid bin Sultan, became the sheikdom's new headman...
...seven British-protected Trucial States that cradle the Persian Gulf, Abu Dhabi is the fourth largest oil producer in the Gulf; this year it expects to earn $70 million in oil revenues, which by 1970 are likely to reach an annual $125 million. Yet under Shakhbout, Abu Dhabi's 20,000 people seldom saw a cent of the riches...
...under his bed in his threadbare mud-walled palace. When his bedsprings began bulging, he transferred his fortune to gasoline cans in the palace dungeon. Not until the cans rotted from the humidity and rats began nibbling at his millions did Shakhbout finally switch his hoard to two Abu Dhabi banks...
...Royalist forces are just as determined. They recruit retired officers from France, Belgium, Britain, Pakistan, Iran and Jordan, receive arms and financial help from Saudi Arabia, Britain and Iran. Even the tiny Persian Gulf sheikdoms are unstinting. Recently, a Royalist Yemen emissary visited Sheik Shakhbut, ruler of Abu Dhabi on the Persian Gulf, and asked for a contribution of 5,000 pounds sterling. He walked away with ?100,000. "You are all astonished?" the sheik shrugged to his advisers. "Do you know how many cases of ammunition ?100,000 will buy, and how long they can keep Nasser from...
...world's freest capital markets and a Swiss-like secrecy law so rigid that any loose-tongued banker can be jailed for two years. Beirut's safety has also impressed some of the usually suspicious sheiks of the Persian Gulf. Sheik Shakhbut of Abu Dhabi, who earns $1,000,000 a week from his oil, insisted on burying his bank notes in his mud-brick palace-until silverfish began drilling through the bundles...