Word: kuwait
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...with the wind. Bahrain, long known for its easygoing Western ways-it is one of the few countries in the area where liquor is sold-has, in deference to Muslim tradition, just opened an interest-free Islamic bank and banned male hairdressers from attending to women. The Amir of Kuwait has promised that his country's national assembly, "suspended" since 1976, will be reopened next year...
Throughout the region, there is a virtually unanimous belief that the current semblance of stability would be shattered by U.S. military intervention in Iran, regardless of the provocation. Says a political science professor in Kuwait: "It would lead to a direct explosion." The moral, in the words of a respected Beirut journalist: "If the U.S. ever considers military intervention, it had first better make sure that Arab governments are in control of their countries...
...last long, and may be softening already. In November, says one Sadat aide, the Saudis began sending "signals" that they would not undermine Egypt or the peace treaty; they would go on shipping oil through the canal and the Suez-Mediterranean pipeline, and the $2 billion that they and Kuwait have in the Central Bank of Egypt would not be pulled out. The reason, says the aide: "The Saudis shudder at what is happening in Iran. They are beginning to understand the meaning of peace...
...outlook is clouded for OPEC itself, especially for the so-called dollar-surplus states of Saudi Arabia, Kuwait, the Emirates and Qatar, which together hold more than $90 billion in U.S. dollars and other U.S. financial assets that will continue to slip in value as the cartel's prices climb. These surplus states probably will not go along with any effort to dump the dollar as the currency of the world oil trade, a move that would undermine the value of the greenbacks they already hold. But Iran and Libya are urging OPEC to switch from dollars...
...power alignment seems likely to emerge in Caracas: a loose coalition among Saudi Arabia, Iraq and Kuwait, the Persian Gulfs three biggest Arab producers, which now dominate the Persian Gulf trade as Iran sinks deeper into internal chaos. Instead of moderate price increases, higher production and cooperation with Washington, the outlook for the cartel as a whole seems to be for substantially higher prices, tighter supplies and increasing disinterest in whatever the U.S. seeks...