Word: saud
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...worth much, but denying it to someone else mattered a great deal. Seen simply, the issue was between the nations like Iraq and Saudi Arabia which have chosen Washington, and Egyypt and Syria which are playing with Moscow. But nothing is ever that simple in the Middle East. King Saud likes Ike. but does not defy Nasser. Syria's President Shukri el Kuwatly has himself flown to Moscow-but is disturbed by the way his ambitious young army colonel, Abdel Hamid Serraj, is nuzzling up to the Communists. Nasser himself would not want Jordan to deteriorate so rapidly that...
...back door, has often warned that its army will enter Jordan whenever Iraqi soldiers do. On his return to Amman. Hussein summoned U.S. Ambassador Mallory to his hilltop palace. The King wanted the U.S. to exert all its influence to keep the Israelis out. Hussein also phoned King Saud. urging him to press Egypt and Syria to abate their inflammatory broadcasts about events in Jordan. That evening the Palestinians were told that the King had decided to reject all their demands...
When it came down to the crucial moment, Nasser and the Syrians proved unwilling-or unable-to make an all-out effort to destroy Hussein. To do so would have forced an open split with King Saud, perhaps would have compelled him still further toward Iraq and the West. This week there was a flurry of flying to save faces.. Syria's Kuwatly popped in on Nasser; together with Nasser's top political adviser, he went on to Mecca to see Saud. They were all desirous of re-creating that somewhat bogus show of Arab unity proclaimed...
...Split. Until 1950, Aramco paid Saudi Arabia about 20% royalty on all oil profits. Then, vexed that the U.S. was getting more in income taxes on Aramco profits than Saudi Arabia got in royalties, and spurred by a 50-50 oil-profit split in Venezuela, King Saud decided that Saudi Arabia should get 50% of the oil profits. But instead of increasing royalties, Saudi Arabia passed an income tax which, together with royalties, would take half of Aramco's profits...
Treasury Approval. Aramco says that changing conditions forced it to accept the Saudi Arabian income tax. King Saud insisted on an income tax instead of a royalty, the company maintains, because he wanted to get more money, yet give Aramco incentive to grow in Saudi Arabia by leaving its profit return untouched. Aramco points out that the U.S. still derives substantial benefit from taxes levied on the company's declared dividends and on dividends to stockholders of the four U.S. companies that own Aramco...