Word: saud
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Aramco has often been criticized for bending too far to please the Saudi government and its free-spending princes instead of talking tough, as did some British oilmen in the Middle East. Aramco's view seems to be that it didn't create the Saud dynasty but must live with it, that its policy has prevented the expropriation that some Arab nationalists demand, and that whenever it could, it has tried to bring Saudi Arabia out of the 12th century...
Bowing to longstanding Saudi demands earlier this year, Aramco signed a new deal with reform-minded Prince Feisal, who has replaced ailing King Saud as the nation's de facto ruler. Aramco agreed to pay the Saudis $160 million in retroactive extra royalties and to surrender in stages its original 673,000-sq.-mi. concession, until all that will be left in 1992 will be a 20,000-sq.-mi. area. With the money and the land, the Prince intends to set up a nationalized oil company. Aramco keenly regrets losing its concessions but figures to keep its best...
...waters" went out with gout, Germans today fervently believe that any resort with Bad (meaning bath) in its name is good for what ails them. In fact the spa empire stretches beyond Germany's present borders. From Marienbad, now part of Czechoslovakia, to Baden, outside Vienna, where King Saud, his four wives and entourage are pumping $1 million a month into the local economy, hotel rooms in health resorts are booked solidly through summer and fall. In West Germany alone last year, Kurgäste, or cure-guests, cast $375 million on the health-giving waters, a 250% increase...
...market air conditioning, the world is full of wide open spaces waiting to be enclosed and climatized. They have sold central cooling to 200 homeowners in Alaska, induced Saudi Arabia's King Saud to provide air conditioning for 2,000 of his siblings, sons, sweethearts and hangers-on in the royal palace at Riyadh. An air-conditioned big league baseball stadium is going up in Houston, and $487,000 worth of cooling gear is being installed in the White House. Last week Carrier Corp., the industry's leader, landed an order to cool 180 new Chicago subway cars...
...Saud caved in. Ordered out of the country, Ben Salem, who has his fortune stashed in European banks, flew off nonchalantly to Beirut. Forty-eight hours later, Saud got an even worse shock: one of his favorite wives, handsome Princess Im Mansour, vanished from the palace to join her lover, Ben Salem, in exile. The personal and political blows combined to impair the regal health once again. Moslem pilgrims to Mecca who were booked on half a dozen jet flights home suddenly found their passages had been canceled. Instead, the airliners flew to Riyadh, picked up the ailing King...