Word: oil-rich
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Bankers still do not mention it in the same breath with Tokyo, Zurich, London or New York. But some day they may. Bahrain, a small Arabian Gulf island sheikdom off the oil-rich coast of Saudi Arabia, is rapidly becoming an important financial center. Since the 1973 quadrupling of petroleum prices, 120 banks, including such international giants as Bank of America, Citibank, Chase Manhattan and Bank of Tokyo, have opened offices in Bahrain to handle the gusher of oil money flowing into the Arab world...
...first, the U.S.S.R. continues to build up its military capability beyond levels that seem justified by the legitimate need to defend itself; second, it has begun in recent years brazenly and disruptively to project its power into the Third World; and third, Soviet encroachments in mineral-rich Africa, the oil-rich Middle East and the sea lanes of the Pacific threaten the vital economic interests of the Western democracies and Japan. The Soviet Union is seen as exploiting?if not actually instigating?new problems for the capitalist world. "The Soviet tendency in recent years to take advantage of targets...
...avert a very real tragedy; if, as Levesque explained to his adherents in his remarks the night of the defeat, the returns indicate a "willingness to give federalism another chance," then that opportunity must not be squandered. Trudeau cannot allow the focus of constitutional discussion to center on the oil-rich West--more specifically, on the booming province of Alberta, which has not shown any inkling of wanting to share its wealth with poverty-stricken regions such as the Maritimes. Many Albertans hoped for a Levesque victory last week, feeling it would facilitate their claims for greater provincial autonomy...
...building and kill the Iranian nationals (but not the four British hostages who had been caught) unless the Tehran government would agree to their demands. These included the release of 91 Iranian Arab political prisoners currently held in Khuzistan and the granting of some measure of autonomy to their oil-rich home province, which the Arab separatists prefer to call Arabistan...
Entrepreneurs have joined the skiers descending on Colorado, primarily because of the state's liberal corporate disclosure requirements. New energy companies, which are sprouting up in the gas-and oil-rich region like spring wild flowers, are attempting to turn oil leases into sizable fortunes. Their offering circulars detail risks that would daunt the faint of heart. Speculation also fits the local mood. Ever since gold-rush days, Colorado has been flush with get-rich-quick gambits, a mania seen in the uranium boom of the mid-1950s...