Word: fahd
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Dates: during 1970-1979
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...weeks ago, Prince Fahd promised flatly that the price of Saudi oil would drop if a peace settlement could be achieved in the Middle East. A settlement, he told members of the TIME news tour (TIME, Feb. 10), would "enable us to work seriously on real problems instead of killing ourselves. The price of oil would then come down, just as the prices of other commodities would come down." He advocated closer relationships between the industrial and oil-producing nations and insisted that the last thing the Saudi government wanted to do was cause a further increase in the price...
Internally, Khalid and Fahd will continue the ambitious development Saudi Arabia has set for the next decade based on its oil revenues ($28.9 billion last year). Industrialization will inevitably add to the pressures on the regime to relax Faisal's insistence upon conformity to Islamic laws. So will the presence of up to 2 million foreign workers and dependents in a country whose own population is only 5.7 million...
...most eloquent moments, Prince Fahd speaks of turn ing Saudi Arabia into the Middle East's most advanced wel fare state. Like the late King, he feels the country should be run in a paternalistic and authoritarian style - and that political evolution should be deliberately paced. "Our approach is ex actly opposite to that of Atatürk of Turkey," Fahd told friends recently. "Atatürk imposed changes on his people from the top. We try to act as a catalyst, giving the people a glimpse of change and letting them decide to accept...
...enduring success of the House of Saud is that in moments of crisis its members stand together. Last week the princes demonstrated family solidarity when, in accordance with a prearranged plan, they named Crown Prince Khalid, 62, successor to the assassinated King Faisal and his half brother Fahd, 53, the new Crown Prince and heir apparent...
...issue was over which half brother of King Faisal should succeed him: the ailing, ineffectual Khalid, who a decade earlier had been named Crown Prince following Faisal's accession to the throne, or the able, ambitious Prince Fahd, Saudi Arabia's Second Deputy Premier (King Faisal held the title of Premier, Khalid was First Deputy Premier) and Minister of the Interior. Fahd was widely known as the second most powerful man in the country; he had the additional advantage of being the senior member of the "Sudeiri seven"; among 31 surviving sons of Ibn Saud, this...