Sadat says USSR sent arms then halted shipments
President Anwar Sadat disclosed to Al Siyassa that the Soviet Union provided military aid to Egypt in early 1975 but later stopped deliveries. He cited contracts signed before the 1973 war and said Western arms now dominate Egypt’s arsenal as he seeks $4 billion in two years, funded by oil profits and Suez tolls. He questioned who finances regional turmoil amid new terrorist attacks. He also noted annual Suez and Sinai oil revenue of $600–700 million and a plan to pay $500 million yearly.
MENTIONED IN THIS ARTICLE
Cairo
UPI
Anwar Sadat
Soviet Union
Egypt
al Siyassa
Middle East
Sadat
Russia
Suez Canal
Sinai
Organization of Petroleum Exporting Countries
Vienna
New York
LaGuardia
OPEC
Government drafting cuts in gas heating oil prices
Washington forecast a short term price drop in gasoline and home heating oil after the energy policy act. The Federal Energy Administration plans final rules by Feb 1 with a projected 1 to 1.5 cent per gallon reduction, while average domestic oil pricing shifts toward world market levels.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Energy Administration
FEA
Frank Zarb
IMF Ministers Report Progress on Currency Reform and Gold
In Kingston Jamaica IMF interim committee says progress on two top issues currency exchange reform and reducing gold reserves. A 25 million ounce gold tranche to central banks at 42 dollars an ounce or sale on the market is planned as part of shrinking IMF gold holdings.
MENTIONED IN THIS ARTICLE
Kingston
Jamaica
UPI
International Monetary Fund
IMF
Treasury
William Simon
Denis Healy
United States
Policeman Shot at Kingston U S Consulate Attack
In Kingston Jamaica a policeman guarding the U S Consulate was fatally shot and another officer wounded after demonstrators stoned the post. The violence followed emergency measures in a West End district and near the International Monetary Fund Conference at a major hotel area in the city.
MENTIONED IN THIS ARTICLE
Kingston
Jamaica
UPI
U.S
West End
International Monetary Fund
White House says no official word on SA troop withdrawal
White House spokesman Ron Nessen said there is no official word of an imminent South African troop withdrawal from Angola. Admin sources had said Pretoria was ready to pull out within 48 hours. Nessen linked the issue to broader aims and OAU pressure on Cuba and the Soviet Union.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ron Nessen
White House
Angola
Nessen
Ford
South Africa
U.S
Organization For African Unity
Cuba
Soviet Union
OAU
Ethiopia
CIA
Banks Cut Prime Rate As Fed Ease Sparks Rally
Chase Manhattan Bank lowered its prime rate to 7 percent, following Cleveland Trust and signaling a possible further drop to 6 1/2. The move coincides with a four day stock market rally amid expectations First National City Bank may also trim its rate. The notice adds weather and social tidbits from the day.
MENTIONED IN THIS ARTICLE
New York
UPI
Chase Manhattan Bank
Federal Reserve
Chase
Cleveland Trust Co
Ohio Bank
First National City Bank
Colby Says CIA Has Not Spent In Italy Noting Possible Payments
CIA Director William Colby stated the agency has not spent a nickel in Italy recently and would not rule out funds for non Communist Italian officials. Administration sources said the CIA approved 6 million dollars in secret aid to anti Communist politicians to counter the Italian Communist party's vote share. Ford reportedly approved the funds, while officials avoided confirmation and stressed limits on discussing future plans.
MENTIONED IN THIS ARTICLE
Washington
UPI
CIA
William E. Colby
Italy
Colby
United States
Communist Party
Europe
White House
Ford
Washington Post
New York Times
Ford campaign plan brushes primaries effort with New Hampshire Florida trips
President Ford's campaign manager urges a one week focus on early primaries with trips to New Hampshire Florida and North Carolina Illinois to bolster campaigning. White House aide says Ford will mostly stay in Washington but will visit early states as dates are set. Vice President Rockefeller expected to campaign in support of Ford. In Beirut, the Lebanese civil war escalates with a counterattack by Christian militiamen, mortars and gunfire hitting Tal Zaatar and hospitals, rising casualties.
MENTIONED IN THIS ARTICLE
Washington
UPI
Howard Callaway
Ford
White House
Ron Nelsen
Nessen
New Hampshire
Callaway
Beirut
Lebanon
Tal Zaatar
Also Mentioned on This Page
Lompoc City
Irene Huseman
Stella Reed
Liane Scott
Organization of African Unity
Popular Movement
Uige
Negage
National Union
National Front For the Liberation of
Savimbi
Addis Ababa
Glenn Garrett
Stan’s Automotive
W. Maple Ave
Garrett
Sixth St
Lompoc Hospital
Kenneth Boyd
Optimist Club
Early Boyd
Mary
Bob Hendy
Florida Keys
Robert
Larry
NBC Today Show
Nelson A. Rockefeller
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