Word: dubai
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Dates: during 1970-1979
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...December meeting in Venezuela. The Saudis, who have held their price at the cartel minimum of $18 per bbl., may raise it closer to the levels of other producers: $23.50 or more. At the same time, several OPEC producers have announced plans to curtail production next year, while Iran, Dubai and other producers are continuing to divert oil to the spot market, where it can fetch at least...
According to one British correspondent who accompanied the Queen and Prince Philip on the tour, Elizabeth was "slightly stunned" by the lavishness of the gifts bestowed on her by welcoming sheiks and princes. In Dubai, for example, the Queen gave "a little gasp" when she opened her present from Sheik Rashid: a necklace studded with sapphires surrounded by 300 diamonds, with matching earrings and ring. That was in addition to a solid gold tray, on which stood a pair of solid gold camels beneath two solid gold palm trees. Bahrain gave her a solid gold palm tree, 18 inches high...
...that his case was an exception and that top officers by and large are honest. Critics insist that graft is common and condoned, and that the Shah was forced to prosecute Ata'i only because his activities, which included transporting duty-free luxury goods from the Emirate of Dubai aboard navy ships, had become a general scandal...
...wave not to be believed." The main interest is coming from West Germany, where institutions and private investors have been seeking a double killing on low Wall Street prices and the cheap U.S. dollar. Merrill Lynch reports doing good business for private Arab investors from Abu Dhabi and Dubai. Britain's Prudential Assurance Co. has been a buyer in the U.S. market...
...fastest growing banks in Britain, BCCI has assets of more than $2 billion, much of it from Kuwait, Abu Dhabi and Dubai. The bank was founded in 1972 by innovative, hard-driving Agha Hasan Abedi, who left his native Pakistan five years ago, when the government nationalized banking. It was Abedi who got Lance together with Ghaith...