Word: kingdom
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Dates: during 1990-1999
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...Alwaleed had the itch to diversify overseas. Sagging oil prices had produced a severe recession in the kingdom, creating a feeling of unease made worse by Saddam Hussein's invasion of neighboring Kuwait. Alwaleed already owned 4.9% of Citicorp--a percentage that allowed his ownership to be anonymous. But with the bank wobbling and the stock falling, he soon made his name known by tripling his stake...
Alwaleed does not have what you would call regular hours. He arrives at his bank and slides behind the chairman's desk at 10 a.m. Three hours later, he heads across town to his office at Kingdom Holding. There he juggles scores of projects through meetings, phone calls and faxes until 3 a.m. the next...
...petro-sheik, he calls himself a "calorie counter" who doesn't drink or smoke and has an American's obsession with fitness (he now weighs in at 136 lbs.). His only vice seems to be, hardly surprisingly, an appetite for luxury. He is very fond of his 282-ft. Kingdom 5-KR, the ostentatious yacht formerly owned by Saudi arms dealer Adnan Khashoggi and then by Donald Trump, who called it the Trump Princess before the banks took it back. Alwaleed keeps the boat moored in the southern French resort of Cannes. He takes about three long business trips...
...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...
...rite-of-passage saga fit for a cartoon classic. Plucky kids dream of breathless adventures in a rainbow kingdom. They will be animators, spin magical musical tales for children of all ages and make pots of money in video and burger tie-ins. But standing guard before the cartoon castle is the evil Cruella Di Sney. "The animated-feature franchise is mine, all mine!" she thunders. "Nobody does it better, and nobody better...