Word: sheiks
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...campaign, which encourages campus groups to uphold the rights of speakers by letting them carry out their remarks, was spurred by Kirkpatrick's withdrawl as commencement speaker at Smith College due to widespread student and faculty opposition. Former Black Panther Eldridge Cleaver and Saudi Arabian Oil Minister Sheik Ahmed Z. Yamani have also recently cancelled addresses citing campus protests...
...keep that from happening, the members agreed to individual production quotas designed to limit their overall output this year to 17.5 million bbl. per day. That is 1.3 million bbl. less than the average rate for 1982, but 3.5 million bbl. more than the current rate. Said a hopeful Sheik Ahmed Zaki Yamani, Saudi Arabia's Oil Minister: "I have a strong feeling that this [agreement] will work out and that OPEC will be back in the driver's seat...
...intrigue began when Tannoury, 37, a Paris-based entrepreneur, told Saudi Sheik Mezan Pharaon that Gaddafi had offered $1 billion to anyone who could supply certain "strategic materials," presumably parts for an atomic reactor. Tannoury said he could obtain the materials through Venezuelan associates, but that he first needed to come up with a $33 million down payment. For approximately $14 million in cash, Tannoury said, Pharaon could share in the profits of the operation. A short while later, the sheik gave Tannoury the $14 million...
Pharaon persuaded Swiss authorities to file a criminal indictment for fraud against Tannoury. Pharaon's advisers suspect that the Gaddafi "offer" and the Venezuelan connection were a hoax. Moreover, they believe Tannoury probably never matched Pharaon's investment and may have simply pocketed the sheik's $14 million...
Tannoury insisted to TIME last week that the Libyan offer was genuine. He admitted that he "has made an arrangement" to pay Pharaon at least $14 million, which would seem to cover the sheik's investment. The dispute, Tannoury claimed, had resulted only from a misunderstanding between his and Pharaon's subordinates. Pharaon was not talking, and last week his lawyers said that he would not press legal charges against Tannoury. The victim seemed as worried about his reputation as his money, and with good reason. His brother Ghaith is a prominent Middle Eastern financier, and their father...