Word: fahd
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...Organization of Petroleum Exporting Countries got together informally last week to debate what to do about falling oil prices. Several members of the group, including Nigeria and Ecuador, have been offering under-the-table discounts and exceeding their OPEC-decreed production quotas. As a result, Saudi Arabia's King Fahd directed Sheik Ahmed Zaki Yamani, his Oil Minister, to deliver an ultimatum to the rest of OPEC. The King's blunt message: Saudi Arabia, which has been holding oil exports under its quota to help prop up prices, would not keep on curbing sales if other OPEC members continued...
...plea was quickly answered. The International Red Cross set about raising $2 million for reconstruction, clothing, food and medicine. King Fahd of Saudi Arabia sent $4 million in cash and ordered the dispatch to Bangladesh of 30,000 tons of wheat, tents, blankets and medical aid. Japan pledged $1.2 million, Pakistan $1 million in relief supplies. The U.S. promised $575,000 in emergency assistance and said that more would be made available as the situation warranted; the United Nations made available $500,000. Other sizable pledges came from the European Community, the West German Red Cross and Britain...
...month, however, one itinerant supplicant may find it difficult to perform the ritual of touching his forehead to the floor during prayers. As a "payload specialist" on the next voyage of the space shuttle Discovery, Saudi Prince % Sultan ibn Salman ibn Abdul Aziz al Saud, a nephew of King Fahd's, will help supervise the launch of Arabsat 1B, a communications satellite funded by 22 Arab countries. Says he: "My flight has great significance. More young people in Saudi Arabia will look at the mission and open their eyes to technology and science...
Despite these diverging views, Fahd and Reagan hit it off personally during three meetings, one of them with only a translator present, and at a lavish state banquet at the White House. They had no trouble agreeing on the need to keep pressure on the Soviet Union to withdraw its troops from Afghanistan and support efforts to end the Iran-Iraq war. Reagan avoided substantive matters in his banquet remarks (they were not a toast, since the Muslim guests of honor were not served wine), concentrating instead on Fahd's well-known passion for soccer...
Word of the Hussein-Arafat agreement arrived in the course of Fahd's visit, in effect bolstering Washington's position that the best way to make peace progress is for the principals in the region to take the initiative. Described variously as everything from a "general understanding" to a specific five-point plan, the accord is the latest in a long effort by Hussein to gain standing from the P.L.O. as a Palestinians' representative, or at least temporary partner, in negotiations with Israel. But its fragility was underscored by Arafat's hasty departure from Amman to his headquarters in Tunisia...