Word: fahd
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...further aggravate the situation, Saudi Arabia's King Faisal was assassinated last week by a disaffected nephew. Faisal had been a friend of the U.S. and a moderating influence on other Arab leaders, though zealously anti-Israel. His successor, King Khalid, and the powerful Crown Prince Fahd, however, seemed unlikely to make abrupt changes in Saudi policies on oil, Israel and other matters...
Throughout the Croesus-rich nations of the Persian Gulf, the businessmen encountered a welcome hunger for U.S. management know-how. When Saudi Heir Apparent Prince Fahd Ibn Abdul Aziz warned that American firms risked losing Saudi business because of slow deliveries, the group formed an impromptu committee to advise the Saudis on ways to streamline their purchasing procedures in the U.S. Arab hospitality was generous. As guests of Prince Salman, governor of Riyadh, the businessmen sipped coffee around a bonfire, then retired to a large black tent as a chilly drizzle began. Inside, they sat cross-legged on carpets...
...other hand, if war erupts anew, the Arabs might embargo either the U.S. or all Western nations. Says Saudi Interior Minister Prince Fahd, 53, who is Faisal's brother and likely successor: "We would hate to impose another embargo. But in a war, when you feel you are in danger of dying, you may do anything. If war breaks out again, it will be not only the Arabs and Israelis who are damaged, but the world as a whole." If Western Europe were embargoed now, it would draw down its stockpiles (good for 60 days or more in each country...
...rich Arabs may be buying banks in New York and London, but an attempt to break the bank at Monte Carlo last week was somewhat less successful. When three Saudi Arabian princes, including Minister of the Interior Fahd ibn Abdul Aziz, dropped more than $6 million on the roulette wheel at the Monte Carlo Casino, even jaded Monegasques were aghast...
...Saudi Arabia, where President Nixon will spend l½ days with King Faisal. Although the King was the prime mover behind the oil embargo after the October war, he has nonetheless maintained his ties to the U.S. Last week Kissinger and Faisal's half brother, Prince Fahd, signed an agreement in Washington that had the aim of assuring the U.S. a steady flow of oil while Saudi Arabia gets American technical assistance to spur on its economy. During his talks with the King, Nixon is expected to discuss further cooperation between the two countries, as well as the attempts...