Word: fahd
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Dates: during 1990-1999
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...political ambitions. Saudi Arabia is not a happy country. It is experiencing increasing economic and political strains--remember the 1996 bombing of the U.S. Air Force barracks near Dhahran--because of stagnation caused in part by an elderly and autocratic leadership. Although Alwaleed swears complete support for King Fahd and his other uncles, his immense wealth is beginning to give him rising influence on developments affecting the kingdom...
...Oracle chairman Larry Ellison has dropped plans to buy Apple. The billionaire businessman began forming an investment group a month ago to consider an exploratory bid for the company while trying to scare away other potential suitors such as Saudi Prince Al-Walid bin Talal, a nephew of King Fahd who had begun buying up Apple shares. Apple stock finished down 11/16 on the news to close at $17. Industry insiders said Ellison's success in turning Oracle into a $4 billion software powerhouse, whose chief customers were corporations, would not translate to reviving Apple, whose shrinking band of loyal...
...eighth day, when pilgrims must spend the night camping on the desert plain of Mina outside Mecca. The incident is another in a series of embarrassments for a Saudi government that has increasingly staked its legitimacy on its role as the guardian of the Holy Places. "King Fahd now carries the title 'Custodian of the Two Holy Mosques,' an important element of legitimacy, given that the Saud family were basically conquerors of the tribes of the Arabian peninsula and have never permitted an election," notes TIME's Scott MacLeod. "King Fahd has spent billions on vast and opulent expansion projects...
...militant Muslim activists from throughout the Middle East, listening to them preach revolution against corrupt rulers who collaborated with the decadent and immoral West. After returning to the kingdom, Said followed the diatribes of Saudi exiles, including Osama bin Laden, a millionaire stripped of citizenship for denouncing King Fahd and demanding the expulsion of U.S. troops. Soon the thoughts of Said and his comrades turned to rebellion...
...additional problem for the monarchy is that it is in the midst of a prolonged and unsettling succession. King Fahd, 75, suffered a stroke last year just after the Riyadh bombing and has not fully recovered. His memory is impaired. Even so, he has reclaimed the powers he transferred temporarily to Crown Prince Abdullah, 73. Abdullah, Fahd's half brother, continues to manage things day to day, even though he does not have the kind of authority he needs to control an absolute monarchy. Bandar says of Fahd, "The night of the bombing, I was with him from...