Word: hisham
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Dates: during 1980-1989
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...Minister from Iran, which is eager to boost its income to help pay for its 7 1/2- year-old war with fellow OPEC member Iraq, heartily endorsed the 5% solution. But Hisham Nazer, the influential Saudi Arabian minister, was cool to the proposal. His country's severing of diplomatic ties with Iran last week after years of conflict with its Persian Gulf neighbor did not help matters...
...even those maverick producers seem ready to consider tightening their spigots. Last week in London, petroleum experts from non-OPEC countries met in an emergency session to discuss ways to mop up the glut. But OPEC is unlikely to follow suit. Saudi Arabia's Hisham Nazer and other oil ministers seem hesitant to discuss cutbacks, since some OPEC members flout existing quotas...
Last week Yamani's legendary power came to an end. In a royal decree, Saudi Arabia's King Fahd ibn Abdul Aziz dismissed Yamani, 56, as his Petroleum and Mineral Resources Minister, a post he had held since 1962. Planning Minister Hisham Nazer, a longtime Yamani rival, was named to take his place until a permanent new oil minister is named. Nazer's first official act was to call for an emergency meeting of the pricing committee of OPEC, whose 13 members include Nigeria, Venezuela and Indonesia, as well as seven Arab countries. The avowed purpose of the meeting, which...
...Fahd clearly plans to keep the Saudi welfare state intact. He pledged last month to continue free education and medical care for all citizens and to maintain generous subsidies for such services as transportation, communications and electric power. Says Planning Minister Hisham Nazer: "The government is committed to providing every Saudi citizen with a minimum standard of living. But once he is healthy and educated, it is the individual's responsibility to improve his condition...
Several Harvard Square businessmen showed up at the meeting to oppose the plan. "It will cost the Coffee Connection a substantial amount of money to change its menus," manager Steve Aldrich said. Crimson Hisham Youssef ALFRED E. VELLUCCI