Word: sheiking
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...committee made its decision after reviewing videotapes and other evidence of the New Jersey Senator's dealings with undercover FBI agents. The tapes, which caused a sensation during Williams' trial in federal court last April, show him meeting with an agent dressed in sheik's clothes and boasting of his close ties to then President Carter and other officials. The panel, like the federal jury, concluded the Senator had abused his office by accepting a secret share in a Virginia titanium mine, attempting to obtain a $100 million loan for the venture, and promising...
Saudi Oil Minister Sheik Ahmed Zaki Yamani further encouraged hopes that a compromise would be reached, telling journalists coyly on the first day of the conference: "We are happy with the price of oil at $32 per bbl., but we do not oppose a little increase." As the conference unfolded it became clear that there was no firm deal at all, and one reason was that both Indonesia and Venezuela were having little difficulty selling oil for more than the $34-per-bbl. maximum price that Yamani would accept...
...million seaside resort built during the civil war. Though many of its 151 rooms are empty, the hotel has kept on a staff of more than 300, in the expectation that better days must surely follow. Summerland's bar, restaurant and two outdoor pools are still crowded. Said Sheik Khaled Saab, Summerland's part owner and general manager: "We Beirutis have the will to live. We've become immune to many things. We know if the artillery is 'incoming' or 'outgoing.' We can even tell the caliber. We're all optimists. Keeping...
...session, they were never able to break the deadlock that has for months gripped the cartel. Saudi Arabia has been pushing for pricing moderation against a group of price hard-liners led by Libya, Algeria, Iran and Iraq. Throughout the conference, Saudi Arabia's petroleum minister, Sheik Ahmed Zaki Yamani, offered to raise the price of Saudi crude, now selling for as little as $32 per bbl., to perhaps $34. In return, the Saudi negotiator insisted that the price hawks cut their prices from $41 per bbl. to no more than...
...meeting. One proposal: Saudi Arabia, the free world's largest oil producer, would increase its prices slightly if countries like Libya and Nigeria, which have been charging almost $10 per bbl. more for oil than the Saudis, would agree to lower their prices. In addition, Saudi Oil Minister Sheik Ahmed Zaki Yamani suggested that the cost of crude be frozen until...