Word: kuwait
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Dates: during 1970-1979
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Mostly, though, the threat of V.L.C.C.s is a byproduct of the high value and the potential deadliness of what they carry. A company owning a supertanker can makeas much as $4 million profit on one run from Kuwait to Europe. But theship costs up to $50,000 a day to run-including insurance. A typical voyage lasts about 75 days, only five of which are spent in the stormy waters below Capetown. It is easy to see, therefore, why, at the urging of the owners, IMCO, a special U.N. maritime agency, by 1966 agreed to allow overloading for the whole...
...involved in the Arab-Israeli fighting of 1947-48 and became a refugee when his family fled to Gaza. While studying at the University of Cairo, Arafat became president of the local Palestinian Students Federation, and served in the Egyptian army during the 1956 war. Later he moved to Kuwait, where he worked in the Ministry of Public Works and operated a profitable contracting company on the side. A co-founder of Al Fatah, he quit his Kuwaiti jobs in 1964 to devote his full-time energies to the cause...
...offered thinly disguised views of Howard Hughes in his prime. The Adventurers (1966) traced jet-set life with the likes of the late Aly Khan. This latest timely extravaganza is a picaresque about a financial wizard who might just be modeled on Abdlatif Al Hamad, the oil sheikdom of Kuwait's money manager...
...members' differences. The Arab countries see oil as a political weapon to use against Israel; the non-Arab states see oil strictly as a commercial commodity. Within the Arab bloc, the radical states (Algeria, Libya and Iraq) often have political battles with the feudal monarchies (Abu Dhabi, Kuwait, Qatar and Saudi Arabia). Iran and Iraq are on the verge of hostilities because of border disputes...
...Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela...