Word: kuwait
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Dates: during 1980-1989
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...crash was most likely an accident. Only days earlier, Iran had claimed its "biggest victory" in the year-long border conflict when its forces broke the Iraqi siege of Abadan, a key oil-refining center. Later, the Kuwaiti government protested that Iranian jets had attacked an oil installation in Kuwait. The Iranians denied the charge, but in Washington, Secretary of State Alexander Haig confirmed that U.S.-manned AWACS reconnaissance planes flying above Saudi Arabia had spotted the Iranian fighters as they set off on their mission...
...holdings in the U.S. total a hefty $34 billion. The Canadians have some $30 billion in securities and other assets in the U.S. Although investment tallies for most countries are routinely made public by the U.S. Treasury, the Government insists on guarding the confidentiality of those by Saudi Arabia, Kuwait, the United Arab Emirates and other OPEC members. The Treasury will reveal only the combined totals for all 13 OPEC members, so that neither Congress nor the public knows how much any individual country has invested in the U.S. The latest figures for OPEC holdings: $34.9 lion in Government securities...
...Treasury has refused to release a country-by-country breakdown of OPEC investments in the U.S. since 1974, when then Secretary of the Treasury William Simon agreed to the request by Saudi Arabia and Kuwait for confidentiality in exchange for substantial increases in their purchases of U.S. Government securities...
Last week's sessions did not answer many of Rosenthal's questions, and even raised some new ones. For example, Government documents record at least one exchange in which a representative of Kuwait, whose holdings include Baltimore's Hilton Hotel, told U.S. officials that his country might stop pumping oil if the level of Kuwait's investments were revealed...
...less than one-third of the holdings of the OPEC nations in the U.S. Many moneymen believe that large OPEC funds are funneled into the U.S. through third parties and foreign syndicates. Mizrahi's tally for just three OPEC investors: $100 billion from Saudi Arabia, $55 billion from Kuwait and $45 billion from the United Arab Emirates...