World: Demise of a Midas

While Premier Abdel Rahman Bazzaz was getting the heave-ho in Iraq, the Middle East's tiny, oil-soaked sheikdom of Abu Dhabi was going through a similar—though less surprising—upheaval. Sheik Shakhbout bin Sultan, 61, who had been in power longer (since 1928) than any other Middle East ruler, was suddenly shipped off to nearby Bahrain Island one day last week, and his youngest brother, 46-year-old Sheik Zaid bin Sultan, became the sheikdom's new headman.

One of the seven British-protected Trucial States that cradle the Persian Gulf, Abu Dhabi is the fourth largest oil producer in the Gulf; this year it expects to earn $70...

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