Word: saud
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...raises. Every Friday he takes off on a cruise in his well-fitted dhow, accompanied by officials from K.O.C. and local American and British diplomats. He relaxes and invites his foreign friends to air their problems. There is nothing about him of the autocratic air of his neighbor, Ibn Saud. He revived the Majlis (an informal council of sheiks and leading businessmen) which predecessors suppressed. He has plans for setting up some kind of constitutional government in Kuwait "when the people are ready." In the meantime, the door of his small, unpretentious palace is open to anyone who has anything...
Saudi Arabia's polygamous old King Ibn Saud takes good care of his wives, both past & present. Last week a Cincinnati hearse manufacturer showed off a new $250,000 present the King is buying for his four present and some 120 former wives-20 new Cadillacs with custom-built bodies to make them desertproof and peekproof. The King will use them to carry his wives between the twin capitals of Riyadh and Mecca. Each car has six doors, accommodates six wives (plus chauffeur and attendant), has electric fans, special windows so the women...
Last year, when the Middle East blazed with disputes between oil companies and kings over royalties, Aramco announced a 50-50 profit split with Ibn Saud, increasing his 1951 oil royalties from $60 million to $100 million. Other oil companies, particularly Anglo-Iranian, privately deplored such generosity, but belatedly offered to do likewise. American-British-owned Kuwait Oil Co. had to give Kuwait's Sheik an even better split, and American-British-Dutch-French-owned Iraq Petroleum topped that by agreeing to bring Iraqis into the board of directors...
Last week the wave that Aramco set rolling swept back over the company: 72-year-old Ibn Saud decided he wanted more from Aramco. He summoned Aramco chiefs, complained excitedly: "Every time there's a decision to be made, you say you have to refer it to New York. Well, in the future, let's refer it here...
...grizzled old warrior wanted more. By week's end, four directors, two vice presidents and two legal counselors converged on Riyadh and began soothing Ibn Saud. Before they are through, Aramco may have to: 1) admit Saudi Arabians to its board, 2) agree to pay more of Ibn Saud's royalties in dollars, less in sterling, 3) finance the Gulf-to-Mecca railway...