Emirates' arms fund report

Press, Volume CXV, Issue 33786, 7 March 1975, Page 13

Emirates' arms fund report

i.VZ Prc«« 4s.«„—Copi/riflht I BEIRUT. March «. > The United Arab Emirates f are obtaining funds on the $ Western market to pay their - share of the money needed . fot the Soviet Union arms being supplied to Egypt and Syria, the Beirut newspaper, "Al Hawadess” reports. ■ It attributes this inform- • ation to President Zayed of I the V.A.E., and comments |“This revelation is particularly important because it co incides with the heavy reduction in Abu Dhabi oil out put by the oil companies " Sheikh Zayed, it says, has accused these firms, and their governments, of “wanting to teach a lesson to the Arab Emirates for what thev did during the October, 1973, war.” j The newspaper adds: I “Sheikh Zayed wonders whether the members of the Organisation of Petroleum Exporting Countries will suei ceed in stopping the oil companies from interfering in politics.”