Word: kuwait
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Dates: during 1980-1989
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LARNACA, Cyprus--The hijackers of a Kuwaiti jumbo jet offered to trade passengers for fuel yesterday and threatened to crash the aircraft into Kuwait's royal place. They also warned of a "slow and quiet massacre" of their hostages if their demands were...
Neil Kinnock, the leader of the opposition Labor Party, last week challenged Thatcher's decision to go along with Kuwait's investment, noting the Prime Minister's statement three months ago that the Kuwaitis had assured Britain they "had no ambition to control BP, nor any interest in any management role." The Labor leader questioned how binding those assurances really were. Said he: "This is obviously a matter of public interest and concern...
...Kuwait's BP stock is the latest addition to one of the world's most diversified investment portfolios. Unlike Saudi Arabia, which has poured many of its petrodollars into grand domestic projects, Kuwait has invested most of its income overseas. The country holds $85 billion worth of stocks, bonds and real estate in the U.S. and Europe. Kuwait's overseas holdings provided a comfortable cushion when petroleum prices collapsed two years ago; in fact, the country earns more from investments than from oil exports...
...Dallas Galleria, a glittering complex of shops, offices and a hotel. The Kuwaitis are more visible in Europe. They own billions of dollars worth of British stocks, including 15% of the Royal Bank of Scotland and 5% of Trusthouse Forte, a leading hotel chain. On the Continent, Kuwait has invested more than $2 billion in Spanish companies. In West Germany, Kuwait owns 20% of Metallgesellschaft, a mining, metals and plastics company, and 14% of Daimler- Benz, the car manufacturer...
Congress shapes a bill to help trim the trade deficit. -- The Postal Service cuts service but hikes prices. -- Kuwait' s BP connection...