Role in Middle East Peace
Sadat's Peace Initiative: Carter's Visit
Since Egyptian President Anwar Sadat's dramatic visit to Jerusalem on Nov. 19, world attention has been riveted on the fast-moving chain of events precipitated by the new dialogue between Egypt and Israel. But decisions made in Riyadh, Saudi Arabia, may have a greater impact on the chances for peace in the Middle East than the meetings between high-ranking Egyptian and Israeli officials. With almost a quarter of the world's proven reserves of oil and annual income from petroleum at about $40 billion, the Kingdom of Saudi Arabia has become the financier for the Arab confrontation states of Egypt, Syria and Jordan as well as the Palestine Liberation Organization (PLO). And it is a major factor in ...