Word: arabization
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...African Butcher." Only France seemed to get pleasure out of its big bang. Japan and Morocco prepared formal protests. From Nasser's United Arab Republic came the cry: "The government which has acted as a butcher in Algeria is now trying to act as a butcher for all Africa." Prime Minister Kwame Nkrumah of the West African state of Ghana dramatically ordered the freezing of French assets (estimated at $14 million) until possible effects of the explosion on the Ghanaian population are known. Nigeria found it necessary to post security guards around the French embassy...
...intensity of Israel's reprisal reflects a revival of the old Israeli feelings of frustration. The Arab economic boycott has been cutting into their trade, President Nasser has been getting more aid from both East and West, and the U.N. has failed to secure passage for Israeli goods through the Suez Canal, even when carried in ships of other countries. After several years of quiet diplomacy, a familiar old note was struck in Ben-Gurion's militant warning last week to his people: "During the next decade we are liable to face a grave and perhaps decisive military...
...take only 43% of the profits from Kuwait, 44% from Saudi Arabia. They also promised to build a refinery in Saudi Arabia or in the Neutral Zone, agreed to sell 10% of production to the two nations at a discount, make available another 10% for sale to friendly Arab nations...
...producers throughout the Arab world heard of the Japanese strike with some dismay. New oil discoveries have already helped saturate the market, threaten to drive petroleum prices down. In spite of the glut, the search for new fields gallops along in the Mideast and North
Africa, because the oil companies are caught between the rising tide of Arab nationalism and the intense competition from the newest fields. The development of France's Saharan oil fields (TIME, Aug. 17) will cut into the European market for Mideast oil; in addition, Russia is shipping oil not only into Western Europe, but through the Bosporus into Egypt and North Africa. For these reasons, new oil concessions are being granted all over the Middle East. Examples: ¶ In Yemen the American Overseas Investment Corp. was exploring a 10,000-sq.-mi. concession in the northwestern coastal plain...