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...policy of partnership is supported by King Khalid ibn Abdul Aziz, who succeeded the slain Faisal ibn Abdul Aziz al Saud in 1975, and the older men, mostly royal princes, who run many of the ministries. But the men who breathe life into the policy are a lively, hard-driving group of young technocrats whose attitudes are shaping the country. They are known as the "American Mafia," because they were educated in the U.S. The best known of the group is Yamani, 47, who studied at Harvard. Not a member of the numerous royal family (there are more than...

Author: /time Magazine | Title: POLICY: Saudi Arabia's Growing Petropower | 7/11/1977 | See Source »

...Prince Saud, 36, a son of the late King Faisal and a 1965 economics graduate of Princeton, is now Foreign Minister. Tall and spare, he bears a striking resemblance to his father. The prince worked his way up in the Ministry of Petroleum, where he became Yamani's deputy before switching over in 1975 to foreign affairs...

Author: /time Magazine | Title: POLICY: Saudi Arabia's Growing Petropower | 7/11/1977 | See Source »

Soon after the Cairo conference got under way, however, Saudi Arabia's debonair Foreign Minister, Prince Saud al Faisal, rose to announce that his country was pledging $1 billion in aid to black Africa. Suddenly, other oil-rich Arabs chimed in-Kuwait with $240 million, the United Arab Emirates with $136 million and Qatar with $76 million. Rather like poor relatives embarrassed by the contributions of wealthier family members, even Jordan and Egypt -which is currently negotiating a $450 million loan from the International Monetary Fund-pledged $1 million apiece to help guerrilla organizations in southern Africa...

Author: /time Magazine | Title: CONFERENCES: Pledging a Tithe That Binds | 3/21/1977 | See Source »

...show covers 25 years-from Ernest Hamlin Baker's traditional tempera of a benign Winston Churchill, the "Man of the Half Century" (Jan. 2, 1950), to an atmospheric oil of a saturnine King Faisal, the Man of the Year (Jan. 6, 1975), by Bob Peak. Anwar Sadat's head is perched on sphinxlike paws in a pencil-and-ink sketch by Isadore Seltzer (May 17, 1971), while Peter Max produced a comic mixed-media collage for our "Is Prince Charles Necessary?" cover (June 27, 1969). The brooding poet Robert Lowell is given a crayoned zigzag crown of laurels...

Author: /time Magazine | Title: A Letter From The Publisher, Apr. 5, 1976 | 4/5/1976 | See Source »

...would be nationalized within a few months. Yet for all the pressures on the Saudis to move ahead, including 100% takeovers of Western oil consortiums in Iraq, Kuwait and, recently, Venezuela, negotiations faltered-and not only over the amount of compensation. For one thing, the assassination of King Faisal last year distracted attention from Aramco. Then too the companies themselves were unable to agree on some items because of their differing goals...

Author: /time Magazine | Title: OIL: New Boss at Aramco | 3/22/1976 | See Source »

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