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Davies' new company can now almost surely count on State Department support to win concessions in two potentially oil-rich, but undeveloped Middle East territories: 1) Yemen, which borders Saudi Arabia on the Red Sea; and 2) the Persian Gulf "neutral zone" jointly owned by King Ibn Saud of Saudi Arabia and Sheikh Ahmad ibn as Sabbah of Kuwait. Sheikh Sabbah last week was already dickering with bidders for the neutral-zone concession...

Author: /time Magazine | Title: OIL: OIL New Giant | 9/1/1947 | See Source »

...Security Council Membership Committee was considering applications for admission by Eire, Portugal, Trans-Jordan, Italy and Austria (Russia was prepared to blackball all of them) and Albania, Outer Mongolia, Hungary, Rumania and Bulgaria (which would run into U.S. opposition). The only prospective member nobody wanted to sandbag was Yemen...

Author: /time Magazine | Title: UNITED NATIONS: Negative Neanderthaler | 8/18/1947 | See Source »

Another Renaissance. A Burman justice named Chow Mien, leading a delegation notable for magenta skirts and orange Aunt Jemima turbans, took up Nehru's song of independence from the white man's rule. So did Mustapha Momen of the Arab League, whose delegates represented distant Syria, Iraq, Yemen, Saudi Arabia. Said he: "Liberty has dawned and the world is destined to witness another renaissance in Asia." The first voice which had raised a war cry of "Asia for the Asiatics" was missing. Japan was not represented because, said Nehru, "Japanese are not allowed to leave their country...

Author: /time Magazine | Title: ASIA: Pride of the East | 4/7/1947 | See Source »

...chief of staff $153 month and his soldiers $2 could scarcely ignore the new $4 to $6 million airfield at Dhahran in the rival neighboring kingdom of Saudi Arabia, or the $6 million a year that blear-eyed Ibn Saud gets from U.S. petroleum concessions. Yahya's Yemen has no oil with which to bargain in the bazaars of international high finance, but it is strategically located near the foot of the Red Sea, across the Arabian Peninsula from the Persian Gulf, toward which Russia reaches south and east...

Author: /time Magazine | Title: THE CHANCELLERIES: The Land of Qat | 3/4/1946 | See Source »

Thirty years ago Washington might have let the British handle the Yemen's invitation. But now the U.S. stake in the Middle East was vastly multiplied, and besides, the Imam Yahya disliked the British. He had even fought against them in World War I and subsequently managed to keep his independence, an extraordinary diplomatic triumph for a chancellery headed by a $22-a-month foreign minister...

Author: /time Magazine | Title: THE CHANCELLERIES: The Land of Qat | 3/4/1946 | See Source »

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