Word: kuwait
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Dates: during 1960-1969
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...government still has a solid hard currency reserve of $300 million and has been promised $112 million a year to rebuild its economy by oil-rich Saudi Arabia, Kuwait and Libya. So far, there are no plans for rebuilding. "There will be no major development of this economy until our territory is returned," says Minister Nusseibeh. "How can we plan intelligently when we don't know how big Jordan will be?" All of Jordan is thus at a standstill, waiting and hoping that some sort of political settlement can be reached with Israel for the return of the West...
...porcelain and bronze table, Queen Elizabeth a gold-plated fruit basket, Indira Gandhi a silver miniature of New Delhi's minaret, Kutb Minar. From Russia's President Nikolai Podgorny came a 31-ft. porcelain vase, from Tunisian President Habib Bourguiba a solid gold olive tree and from Kuwait's Emir Sabah as Salem as Sabah two black Arabian stallions. President Ferdinand Marcos of the Philippines sent a packet of seeds of a new strain of rice that, if it finds the right soil, can increase yields tenfold. The gifts and the illustrious names of their senders were...
...aftermath of their Khartoum summit meeting, some Arab nations finally began to patch up their quarrels with one another. They also began to deal more rationally with the West. Kuwait, Saudi Arabia and Libya dropped their oil embargo against the U.S. and Britain and reaffirmed their promise to subsidize Egypt and Jordan to the tune of $392 million a year as long as "traces of Israeli aggression" persist. Egypt and Sudan restored landing rights to Britain's BOAC, and Egypt was on the verge of allowing T.W.A. back into Cairo. Even those two archenemies among the Arabs-Egypt...
Buildings & Brides. Another coup came last year when Kroyer was called upon to salvage a 2,700-ton steamer that had sunk in Kuwait harbor and could not be raised by conventional pumping. Though he had never raised any vessel bigger than a test tube, Lab-lubber Kroyer had the answer. He shot the hull full of pea-sized, high-flotation, plastic-foam pellets until it bobbed to the surface, pocketed a handsome...
First Saudi Arabia, then Kuwait, Libya and Iraq-the four major Arab oil-producing states-agreed to resume shipments in keeping with the deal struck two weeks ago by Arab heads of state at their summit session in Khartoum. Another three months of embargo, explained Egyptian Minister of Economy Hassan Abbas Zaki, would cost the West $770 million worth of oil but would deprive the Arab producers of $870 million of income. Only Algeria, the fifth-ranking producer, kept its embargo. And even that involved more symbolism than substance, since the overwhelming percentage of Algerian output goes...