Word: qatar
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Dates: during 1960-1969
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Strength Without Strains. More commonly, continued surpluses reflect national economies that are gaining strength without strains. Copper-rich Zambia's regular surpluses have enabled the government to improve roads, education and health facilities. The oil-producing Arab states of Kuwait, Saudi Arabia, Abu Dhabi and Qatar amassed hefty surpluses as usual in 1967, despite some losses from the Mideast war. Instead of squandering the money on palaces, limousines and concubines, the rulers of the four Persian Gulf states today split the oil-based riches between imported consumer goods (food, clothing, shelter) for their populace, new facilities such as water...
...must also leave the camp. Roped off from Lebanese jobs by an inability to get work permits, just as they are isolated from Lebanese daily life in modern Sidon, hundreds of them have left to take jobs in Saudi Arabia and such oil-rich sheikdoms as Kuwait, Bahrain and Qatar, sending part of their paychecks back to their families. Several hundred others have gone by secret mountain trails into Syria, where they undergo training with El Fatah or one of the other terrorist groups that send commandos into Israel to avenge their fathers' sufferings by murder, arson and sabotage...
...consent of Intra's major creditors, notably that of Kuwaiti Prime Minister Jaber al Ahmed as Sabah, whose countrymen had the largest stake ($40 million) in the bank. Kuwaitis will own some 35% of the stock to be issued by the new organization, the Lebanese government 25%, Qatar sheiks 7%, Lebanese depositors most of the balance. U.S. taxpayers also stand to gain from the rescue. The Agriculture Department's Commodity Credit Corporation, which had $22 million in Intra as an export loan to help dispose of surplus U.S. grain, will receive a 13% stock interest. The C.C.C. also...
...many approved applicants got cold feet when it came their turn, either out of reluctance to live under Israeli rule, or for fear that they might be cut off from remittance checks sent to them by relatives working in the high-paying oil fields of Kuwait, Saudi Arabia and Qatar. All of which caused the refugee flow to slow to a trickle. But for the time being, it will continue, a reminder to the world that Israel has not really removed the welcome...
...week, the overriding economic word was oil, as Arab states, which produce 30% of the world's supply, decided to use their wells as weapons. Iraq, Libya and Algeria cut off all oil shipments, Kuwait and Saudi Arabia embargoed shipments to the U.S. and Britain, and small Qatar refused to load the ships of either nation. The situation seemed most serious for Britain, which gets two-thirds of its oil from the Arabs and has only a 30-day stock on hand. France and Italy, neither of whom was singled out for retaliation by the Arabs, count on their...