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...Prince's ultrarich uncles, the eldest sons of Ibn Saud, who rule Saudi Arabia today, have accumulated their wealth mainly by diverting huge sums, directly or indirectly, from the government's extravagant oil revenues. As a Riyadh businessman puts it, Alwaleed's branch of the Saud family tree has always been considered a little smoother and a little straighter than the rest. His father Talal, a former Ambassador to France, was one of the "free princes" who demanded democratization and went into temporary exile during the troubled 1953-64 reign of King Saud. Alwaleed's mother, Princess Mona...

Author: /time Magazine | Title: PRINCE ALWALEED: THE PRINCE AND THE PORTFOLIO | 12/1/1997 | See Source »

...deserts of the Middle East that yielded Bechtel's biggest prize to date--oil. The company seized upon the opportunity by building much of the Arab world's modern oil-producing infrastructure. McCartney reports that even as Bechtel was working hard to establish cozy ties with Saudi Arabian King Ibn Saud, former employees of the company were involved behind the scenes. Several worked for the U.S. Export-Import Bank, a government agency that subsidizes American corporate ventures abroad, to facilitate financing for the enormous projects...

Author: By Deborah E. Kopald, | Title: The Governor & the Company: An American Saga | 9/14/1994 | See Source »

...spirit of the ban. Iraq may already be secretly reviving its long-range missile program. Scientists continue to pursue ballistic-missile research, not only at sites destroyed during the war and rebuilt, such as the Saad 16 research and development center near Mosul, but in new facilities such as Ibn al-Haytham lab, constructed near Baghdad. While U.N. resolutions allow Iraq to build short-range rockets with a range under 93 miles, a U.N. expert notes "the same technology used to make a missile that flies 93 miles can be used on one that flies 400 or 1,200 miles...

Author: /time Magazine | Title: No Longer Fenced In | 5/23/1994 | See Source »

...Egypt, may have housed several hundred thousand people at its peak in Roman times, but when Napoleon entered it in 1798, it had shrunk to 4,000 souls. Since then, it has again boomed to nearly 3 million and faces grave ecological threats. The gleaming city that Arab poet Ibn Dukmak compared to "a golden crown, set with pearls, perfumed with musk and camphor, and shining from East to the West," is slowly sinking into the unstable, sewage- contaminated Nile Delta...

Author: /time Magazine | Title: Megacities | 1/11/1993 | See Source »

...verge of collapse. Thus when the Arabs looked across the Mediterranean, they saw a vast territory spotted with squabbling factions -- Christians, Jews, Visigoths -- separated from Africa by a small strait and ripe for conquest. In 711 a mixed force of Arabs and Berbers under the command of Musa ibn Nusayr crossed the sea and smashed through the patchy Visigothic resistance; within 50 years most of Spain, except for the pockets of Castile and Catalonia in the north, had become al-Andalus, the farthest western expansion of a vast Muslim empire run by the Abbasid dynasty from Baghdad...

Author: /time Magazine | Title: Art: When Spain Was Islamic | 7/20/1992 | See Source »

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