Word: sheikdom
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...Carpetbaggers (1961) offered thinly disguised views of Howard Hughes in his prime. The Adventurers (1966) traced jet-set life with the likes of the late Aly Khan. This latest timely extravaganza is a picaresque about a financial wizard who might just be modeled on Abdlatif Al Hamad, the oil sheikdom of Kuwait's money manager...
...come only just in time to prevent their extinction, it is a vain hope that smaller units of economic and social organization will be able to keep their heads above water any better than large ones in the approaching economic deluge. Unless the Scots are willing to become a sheikdom on the Clyde, a few decades of oil-boom cannot be a substitute for industrial development. Their growing isolationism is reflected in the Labour party's desire to get out of the Common Market. Party leaders feel so strongly about this that they have promised to hold the first binding...
Therefore, the oil industry has signified economic imperialism for the developed countries. At the Arab Petroleum Congress in Baghdad in March 1967, a representative from tiny Qatar, a sheikdom on the Trucal Coast, said, "In the past we were victims of military imperialism; now it is economic imperialism. Under the concessions system the companies are like vampires sucking our blood...
Political Clout. The union was, and is, far from perfect. Qatar (pop. 85,000) refused to join because its proposed political clout would not be consonant with its huge economic wealth (roughly $240 million annually in oil royalties, or $2,824 per capita). The island sheikdom of Bahrain also declined; as the most populous (250,000) of the Trucial States it wanted more power than the other sheiks were willing to give. Both countries declared independence and have joined the United Nations, as has the Union. Qatar is now the U.N.'s smallest member...
...solve its internal problems-housing is scarce and education limited-and to enjoy the benefits of its oil money. Fujeira and Umm al Qaiwain are little more than fishing villages surrounded by desert, but Dubai and Abu Dhabi (each of whose capitals has the same name as the sheikdom) have lavish international airports...