Word: saudi
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Dates: during 1990-1999
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Clifford and Altman are not the only U.S. connections to B.C.C.I. that the New York grand jury is looking into. Investigators suspect that wealthy Saudi businessman Ghaith Pharaon, who purchased the troubled National Bank of Georgia from President Carter's friend and onetime budget chief Bert Lance and later sold it to First American, has been a front man for Abedi. Banking regulators are probing another Pharaon holding -- Independence Bank in Encino, Calif. -- to see if Abedi or B.C.C.I. is the secret owner of that bank. And a federal grand jury in Miami is tracking Pharaon's and B.C.C.I...
...least be considered. In the wake of Iraq's defeat, the clout and credibility of the U.S. is at an all-time high, and it is no longer being offset by Soviet troublemaking; Moscow has neither the power nor the inclination to keep backing the most radical Arab elements. Saudi Arabia promises to come out of its shell and take a more active role in regional diplomacy, and Syria, a radical state now bidding for increased influence without its customary Soviet support, is talking about a new commitment to peace. Israel, needing massive aid from Washington to help resettle Soviet...
...start with small steps or "confidence- buildi ng measures." Israel, for example, could reopen West Bank universities that have been closed for three years and ease its harsh policies of arresting and deporting suspected Palestinian troublemakers. The Arabs, in return, could end their formal states of belligerency against Israel (Saudi Arabia, Syria and several other countries are officially still at war with what they term the "Zionist entity") and call off their boycott of foreign companies that do business with the Jewish state. The idea is that if each side could overcome its fear of going first and being snubbed...
...Civil War, Gnehm has a reputation for navigating successfully through difficult straits. In the wake of the 1973 Arab-Israeli war, when relations between the U.S. and Syria were restored, it was Gnehm who ran the U.S. interests section in Damascus. When Washington wanted a presence in Riyadh, the Saudi Arabian capital, Gnehm was selected. When the sensitive issue of reflagging Kuwaiti oil tankers arose during the Iran-Iraq war, Gnehm was a key negotiator. "He is unassuming and unflappable," says Ali al- Khalifa al-Sabah, Kuwait's Finance Minister, "exactly the kind of guy to deal with Arabs like...
...ambassador to a government without a country, Gnehm found his diplomatic skills tested almost daily at the Sheraton Hotel near Taif, Saudi Arabia, where the Kuwaiti leadership waited out the occupation. Tempers frayed, decisions were postponed, depression was common. A real crisis arose when Iraq started dumping Kuwaiti oil into the gulf in January. The Saudis and Kuwaitis argued over what to do. It took 48 hours of patient haggling, but Gnehm finally got both sides to agree: U.S. bombers would blast Al-Ahmadi oil facility's manifolds to stem the flow. Gnehm's best trick was getting Kuwait...