Word: kuwait
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Dates: during 1980-1989
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...Arab countries meeting in Kuwait decided that each month from now on they will reduce oil output at least 5% below the preceding month. The cutbacks will continue, they said, "until an Israeli withdrawal is completed, and until the restoration of the legal rights of the Palestinian people...
...London taxis are also showing up in other Arab countries. Carbodies of Coventry, the British firm that produces about 2,500 of the cabs a month, has exported them to Kuwait and Lebanon. The classic vehicles also have admirers in the U.S., where some limousine companies operate them. Says one aficionado: "They're so ugly, it's almost romantic...
...though, the market charged back smartly and closed at 1232.59, another record high. The short-lived sell-off was sparked by Barton Biggs, 50, chief portfolio strategist for Morgan Stanley & Co., the Manhattan investment banking firm that handles $7 billion in investments for clients, including about $5 billion from Kuwait. During a routine Monday-morning planning session, the gist of which was flashed to Morgan's clients, Biggs said he was becoming a little wary about the market. "I am inclined to be considerably more cautious about fresh buying," says Biggs...
...into the area of the spill have been stymied by the bitterness of the war between Iran and Iraq. At the urging of the smaller gulf states, officials from the United Nations last week agreed to oversee the cease-fire and repair work on the wells. But at the Kuwait meeting, efforts to negotiate the details of an accord stalled amid endless bickering. Iraq insisted that any cease-fire agreement prevent Iran from using the delay to rearm. In turn, the Iranians charged that the Iraqis secretly hope to turn any temporary cease-fire into a formal...
...good. But after four sessions Arafat abruptly asked for an adjournment and left for Kuwait. Unperturbed, Jordanian officials announced that the talks would be "completed" when Arafat returned later in the week. But the P.L.O. leader did not come back. For the moment at least, he seemed unable to make a move that might alienate hard-liners within his organization and possibly provoke a split. That appeared to leave Hussein with the toughest decision of all: whether to take the bold and dangerous step of joining the peace process...