Word: sultanic
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...could an impeccably honest Bedouin sheik get stuck in a mess like this? Despite his solid-gold reputation, Sheik Zayed bin Sultan al-Nahayan, ruler of Abu Dhabi and President of the United Arab Emirates, found himself last week at the center of the largest global banking scandal ever. As the most recent owner of the notoriously corrupt Bank of Credit & Commerce International, which regulators closed earlier this month, Zayed has become the unwitting goat for nearly two decades of alleged fraud by the bank's Pakistan-based managers and for years of neglect by banking authorities around the world...
Meanwhile B.C.C.I.'s far-flung empire is imploding. According to investigators, as much as $10 billion is missing from the company's books. Sheik Zayed bin Sultan al-Nahayan, the ruler of Abu Dhabi, has pumped in $1 billion to keep the bank afloat since taking it over last year and has dismissed hundreds of the Pakistani bankers who ran B.C.C.I. in its heyday. Abu Dhabi, the Bank of England and the Federal Reserve are struggling to come up with a workable restructuring plan that will satisfy regulators amid continuing disclosures of illicit banking activity...
...appointive members, will have limited powers that will not impinge on the absolute authority of the monarch. According to the Saudi adviser, the Cabinet changes will not involve defense and internal security. Fahd's half brother, Crown Prince Abdullah, commands the National Guard, and his full brothers, Prince Sultan and Prince Naif, direct the Defense and Interior ministries...
Just as Ryan transcends the ages as baseball's Wizard of Whiff, so does Oakland A's left fielder Rickey Henderson as the Sultan of Swipe. How fitting that earlier on this same magical May Day, Henderson purloined third base against the New York Yankees to eclipse Lou Brock's career record of 938 stolen bases. Afterward Henderson crowed, "Today I'm the greatest of all time...
...assure the refugees that their worst dreams were not coming to pass. Colonel William Nash, commanding officer of U.S. forces in Safwan, told General Gunther Greindl, head of the U.N. observer force, "We will continue to protect the refugees in this area." In Saudi Arabia, General Khalid bin Sultan al-Saud, head of the Saudi forces during the war, announced that his government would accept and shelter the stranded Iraqis by building a $30 million camp near the Saudi border town of Rafha...