Word: dubai
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Dates: during 1980-1989
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When OPEC and oil prices went south, there were minicelebrations at gas pumps across the Lower 48. In Alaska, as in Kuwait and Dubai, there were rude awakenings. Alaska derives a higher percentage (86%) of its general fund from oil taxes than any other oil-producing state. As the price of a barrel of crude oil tumbled from the high 20s down through the teens to about $9, the state began to run on empty...
...tanks been full of EDC, there would have been nothing left and the ship would have exploded," said Verma, whose crippled ship was anchored yesterday at Dubai for repairs to tanks, crew quarters and port side manifold...
...trawler, owned jointly by Australian and Arab companies, was on contract to Iran. An owners' representative said in Dubai that the ship was being towed to Dubai and the company had decided to pull out all its 10-trawler fleet from the area...
...paper quoted Balfour, now stationed in Dubai, as saying, "It's very much accepted practice if one government gives a note to another saying that this is Joe Soap's official passport, we take their word for it and issue a visa...
...plan. Omanis are already borrowing abroad and using foreign currency reserves to finance budget shortfalls. The United Arab Emirates, a federation of seven sheikdoms, has been politically weakened by the oil-price collapse. The federal government that binds the state together is virtually broke, and the two leading emirates, Dubai and Abu Dhabi, are reluctant to dip into their own shrunken treasuries to bail...