Word: oil-rich
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Next, the Gulf Organization for the Development of Egypt, a consortium of oil-rich Persian Gulf states that philanthropically pumped $1.7 billion into Egypt last year, advised Cairo that it was scrapping all pending projects. Finally, the Arab Organization for Industrialization, which was set up in 1975 to produce everything from helmets to helicopters with Egyptian manpower and $1.4 billion in financing from Saudi Arabia, Qatar and the United Arab Emirates, abruptly halted its operations. As a result, 16,000 Egyptians stand to lose their jobs...
...Korea to recognize Peking; instead, Seoul showed its commitment to Taiwan by sending its Foreign Minister to Taipei on an official visit. Only 21 countries, mostly Latin American and African, still have diplomatic relations with the Republic of China; they include such important trading partners as South Africa and oil-rich Saudi Arabia. Since the break in relations with the U.S., in fact, there has been only one major change on the Taipei diplomatic scene: Uruguay, formerly represented by a chargé d'affaires, now has an ambassador...
Nowhere in the Western world is the tension between decentralized economic pursuits and the advantages of a strong federal government as evident as in Canada. Oil-rich Alberta, led by Conservative premier Peter Lougheed, is in the midst of a boom. The other Western provinces feel alienated by the distant Ottawa government. The Maritime provinces are locked into a vicious economic cycle, with unemployment as high as 20 per cent in some areas, and despite federal investment incentives, practically separatist government clamors for "sovereignty association," a euphemism for secession. If Quebec were to secede, the Maritimes would...
...revivified Islam is being felt. Earlier this year Pakistan added measures from the Shari'a?the Islamic code of justice based primarily on the Koran?to its criminal and civil laws. In Kuwait, a revised version of the Shari'a is being adopted in the legal code of that oil-rich desert state. Responding to a groundswell of Muslim fundamentalism, Egypt's People's Assembly is also debating the imposition of the Shari'a, which could close down the bars, nightclubs and gambling casinos that glitter along Cairo's Pyramid Road...
...less privileged Muslim states in the form of low-cost loans and gifts. By comparison, U.S. foreign aid last year amounted to only one-third of 1% of G.N.P. Mahbub Haq, an economist with the World Bank, foresees a billion-dollar World Muslim Foundation, financed by oil-rich Middle Eastern states, that will organize and provide aid for poor Islamic nations that adhered to the faith even during its years of ebb and decline. Says he: "The Muslim countries need their own OECD...