Word: riyadh
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From Bedouin tent encampments to the traffic-choked streets of Riyadh and Jidda, Saudi Arabians by the hundreds of thousands turned introspective last week as religious sentiment swept their land. It was the start of Ramadan, the high holy month of Islamic fasting. But Ramadan or not, it was also pretty much business as usual in one imposing Riyadh office building. Inside the high-rise tower that houses the Saudi Arabian Monetary Agency (SAMA), computers kept humming and clerks kept counting as petrodollars continued to cascade into the desert kingdom's coffers at a rate of $320 million...
Today, Quraishi moves among international bankers with ease. Almost every day financial pilgrims to SAMA check into Riyadh's sumptuous Inter-Continental Hotel near the bank's headquarters and await an audience with Quraishi. Even David Rockefeller, recently retired chairman of the Chase Manhattan Bank, was once spotted in the Inter-Continental lobby whiling away the time before his appointment...
...Israeli strike immensely complicated, and may have destroyed, any hope that Philip Habib, Reagan's special Middle East envoy, could find a solution to the crisis over Syria's antiaircraft missiles in Lebanon. Last week Habib continued his round-robin shuttle, conferring first with Saudi officials in Riyadh, then with Syrian President Hafez Assad in Damascus, next with Israeli Prime Minister Menachem Begin in Jerusalem and at week's end with the Saudis again. As usual, Habib was tight-lipped about his negotiations, but Begin announced that Israel was determined to destroy the missiles if diplomacy...
...these two nations have been giving the fanatical Muslim Brotherhood, which is seeking to overthrow Assad's regime. One possible indication of the growing importance of the Saudis in working out an agreement is that Habib's first port of call will be the capital city of Riyadh...
While Blount has often left routine negotiations on construction contracts to lieutenants, he himself followed the mammoth Saudi project. He jetted to Riyadh more than 20 times over 18 months to work his Southern charm on the sheiks...