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...continent of Asia*was erased last week. In the first international cash-for-territory deal since the U.S. paid $25 million for Denmark's Virgin Islands in 1917, the republic of Pakistan purchased the sun-blanched, 300-sq.-mi. peninsula of Gwadar (pop. 20,000) from the Sultan of Muscat and Oman. Price: $8,400,000 cash and a percentage of any oil ever found on Gwadar's rainless shores...

Author: /time Magazine | Title: GWADAR: The Sons of Sindbad | 9/22/1958 | See Source »

...with a small circus, doubling as sword swallower and magician. Albania had just proclaimed its independence of the Ottoman Empire. While the great powers sought a European princeling to head the new state, some Albanian Moslems had their heart set on Prince Halim Eddine, a kinsman of the Turkish Sultan...

Author: /time Magazine | Title: ALBANIA: The Man Who Was King | 8/25/1958 | See Source »

...then and there the whole beautiful scheme sprang full-blown to Otto's mind. In no time at all a pair of telegrams, purportedly originating in Constantinople, were on their way to Essad Pasha, Albanian-born commander of Turkish forces in the Durazzo area. One telegram was signed "Sultan" and the other "High Command," but both carried the same news: "Prince Halim Eddine arriving Albania, will assume command all troops stationed there...

Author: /time Magazine | Title: ALBANIA: The Man Who Was King | 8/25/1958 | See Source »

Died. Tengku Sir Badlishah, 64, Sultan of Malaya's Kedah state, who once zipped around the peninsula in a canary-colored Rolls-Royce, was elder brother of Malaya's Prime Minister, Tengku Abdul Rahman, son-in-law of Tuanku Abdul Rahman, Malaya's Paramount Ruler; of a heart attack which came while he was playing tennis; in Alor Star, Malaya...

Author: /time Magazine | Title: Milestones, Jul. 28, 1958 | 7/28/1958 | See Source »

Magic Money. Gulbenkian was an Armenian, but he did not rise from rugs to riches. His father. Sarkis. was a prosperous kerosene importer in suburban Constantinople. Calouste adopted an old Arab proverb as his first business maxim while palm-priming the sultan's retinue with baksheesh: "The hand you dare not bite, kiss it." Priming himself with a civil engineering degree at London's King's College, Calouste visited the Baku oilfields in 1888, and in his 20th year wrote an authoritative book on the Baku petroleum industry. It was the overture to decades of what Gulbenkian...

Author: /time Magazine | Title: Books: Solid Gold Scrooge | 6/23/1958 | See Source »

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