Word: telexing
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Dates: during 1970-1979
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...Arab aid it used to get annually, or by the Arab countries' refusal to do business with Cairo; before the boycott, those states accounted for only 7% of Egypt's trade. Arab anger remains high; the Egyptians expect that all of their postal, telephone and telex links to other Arab countries, as well as the remaining airline flights, will be severed in March, when Egypt and Israel plan to open embassies in Jerusalem and Cairo. Still, some top Egyptians believe that the boycott will not last long, and may be softening already. In November, says one Sadat aide...
When word of the invasion reached Riyadh, Saudi Arabia's King Khalid ordered the cutting of all telephone and telex lines to the outside world until he could establish whether the gunmen were connected with any outside group. Then, as required by Islamic law, his government sought the permission of the 'ulama, the religious leadership, to make a counterattack. Reason: the Shari'a (Islamic canon law) prohibits the shedding of blood in holy places, but the rule can be suspended if the clergymen agree that there is sufficient justification. After several hours of deliberation, the 'ulama...
...TIME's bureau chief in Tehran earlier this year, and so he was returning to familiar territory when he rushed to Tehran from Beirut immediately on hearing of the capture of the hostages. Among the problems he faced on his return: unruly mobs, intermittent breaks in telephone and telex communications, and a power blackout that forced him to type one long report by flashlight. Arriving in Iran under extraordinary conditions, however, is not new for Van Voorst: nine months ago he was on the same plane with the Ayatullah Khomeini on his triumphal return from exile outside Paris...
...National Iranian Oil Co. (NIOC) demanded $50 per bbl. for some oil it put on the spot market and threatened that if its regular customers did not pay the price, NIOC would refuse to renew its supply contracts when they expire in December. Exxon, Shell and British Petroleum got telex notification from NIOC that their anticipated deliveries for the last three months of 1979 were being cut by approximately 5%. NIOC blamed "operational difficulties," but many oilmen suspected that the missing petroleum would soon enough turn up for sale on the spot market. Meanwhile, Saudi Arabia was hinting strongly that...
...dollar is such a large part of the system, the instability can drive down the value of the buck. Private bankers and corporate finance officers can wildly exaggerate any currency's weakness and cause its value to plummet as they unload billions of uncontrolled Eurodollars with a few telex messages...