THE PRESIDENT'S DAILY BRIEF 5 AUGUST 1974

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0006007783
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 11
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: August 5, 1974

Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
iirre,aP-.44,11
The President's Daily Brief
Aggust 5, 1974
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Exempt from general
declassification schedule of ED. 11652
exemption category 5B( I
declassified only on approval of
the Director of Central Intelligence
I'D 4
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
FOR THE PRESIDENT ONLY
THE PRESIDENT'S DAILY BRIEF
August 5, 1974
PRINCIPAL DEVELOPMENTS
Saudi Arabia has promised Egypt $1.5 billion in new
aid, according to Cairo's authoritative daily,
Al-Ahram. (Page 1)
The Soviet Union increased its public support of the
Palestine Liberation Organization. It has agreed to
let the PLO open an office in Moscow and has called
for the presence of the PLO at the Geneva peace con-
ference on a basis of "equal rights with other par-
ticipants." (Page 2)
Cyprus was calm over the weekend with only minor
skirmishing reported. (Page 3)
The Soviet Union requested at least
port access rights from Equatorial Guinea in return
for economic assistance. (Page 4)
Notes on Portugal - Portuguese Guinea, and the Phil-
ippines-China appear on Page 5.
FOR THE PRESIDENT ONLY
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
25X1
Declassified in Part- Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
FOR THE PRESIDENT ONLY
SAUDI ARABIA - EGYPT
Saudi Arabia has promised Egypt $1.5 billion
in new aid according to Cairo's authoritative daily,
Al-Ahram. The story, which anticipated an official
announcement today, appeared during King Faysal's
week-long visit in Egypt. It is consistent with an
earlier report that the King is willing to underwrite
the Egyptian economy over a period of several years
provided Cairo can produce a long-term budget to
justify the support. One billion dollars of the new
aid reportedly will be a grant, with the balance
disbursed as a long-term, interest-free loan.
Although Egypt has other offers of assistance
and venture capital that total about $5 billion,
these are largely committed to construction in the
Suez Canal area and to new industrial projects.
Cairo has been uncertain as to whether it would have
sufficient foreign exchange to improve existing state
industries or to support other private investment in
Egypt.
The reported Saudi commitment would also help
alleviate Egypt's fears of foreign domination of its
economy. With this much money deposited to its
account, Cairo should have no difficulty securing
credit to finance a sizable state equity in new
ventures being proposed by foreign investors.
1
FOR THE PRESIDENT ONLY
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15: CIA-RDP79T00936A012200010031-7
FOR THE PRESIDENT ONLY
USSR-FEDAYEEN
The Soviet Union increased its public support
of the Palestine Liberation Organization last week,
but stopped short.of officially endorsing it as the
only representative of the Palestinians
A communique, released shortly after the de-
parture of PLO Chairman Arafat from Moscow, called
for the presence of the PLO at the Geneva peace con-
ference on a basis of "equal: rights with other par-
ticipants." It also noted Soviet consent to the
opening of a PLO office in Moscow..
The communique avoided the issue of whether
this was an official visit and failed to say under
whose auspices 'Arafat was received. Arafat did meet
with Soviet party secretary Boris Ponomarev and First
Deputy Foreign Minister Kuznetsov.
Arafat arrived in Warsaw over the weekend, and
is expected to visit other East European capitals
in his search for support.
Meanwhile, radical fedayeen leader George Hab-
bash--timing his statement to coincide with Arafat's
Moscow trip--emphasized the divisions that continue
to plague the PLO. In an interview published in
several Beirut newspapers on August 3, Habbash re-
iterated his opposition to Arafat's willingness to
participate in the Middle East peace talks. He
criticized Moscow's Middle' East policy, saying it
was an "error" to assume that there could be a polit-
ical.settlement of the Palestinian question under
present conditions.
2
FOR THE PRESIDENT ONLY
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
BULGARIA
ALBANIA
_,_Ankara
TURKEY
CYPRUS
MEDITERRANEAN SEA
LEBANON
LIBYA
EGY
CANAL
sawn.
Le-1
L JORDAN \
A
)(I
Territory pontrolled
by Turkish forces
Kyrenia
Famagusta
maSsol
Akrotiri
Larnaca
CYPRUS
UK Sovereign base area
0 10
MILES
556327 8-74
20
n se gt%
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15: CIA-RDP79T00936A012200010031-7
FOR THE PRESIDENT ONLY
CYPRUS
Cyprus was calm over the weekend, with only
minor skirmishing reported in the Lapithos area and
an exchange of fire in Nicosia. UN forces on the
island reported a possible buildup of Turkish troops
north of Agridhaki.
An alert of Greek air force units early yester-
day apparently has been lifted. Defense Minister
Averoff told the US embassy in Athens that he had
ordered the alert after Greek intelligence reported
that Turkish ships were moving from Cyprus to the
Aegean Sea. Averoff now believes these reports were
false and part of a Turkish war of nerves.
Archbishop Makarios has now publicly announced
that he will not attend the Geneva peace talks. He
has also stated that he would support acting Presi-
dent Clerides if the latter is elected President of
Cyprus.
3
FOR THE PRESIDENT ONLY
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
25X1
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
EQUATORIAL GUINEA
(!,,c
Lagos
NIGERIA
.Port Harcourt
10
CAMEROON
Douala
Gulf of Guinea
EQUATOR
Santa Isabel
FERNANDO PO I. (jj?$a
EQUATORIAL GUINEA
SAO TOME I.
(Portugal) Sao Tome
PRINCIPE I.
(Portugal)
ELOBEY CHICO
ELOBEY GRANCIE-...;
CORISC016
5-
Yaounde()
ata
rEQUATORIAL GUINEA
Libreville
GABON
o-
ANNOBON I.
EQUATORIAL GUINEA
Atlantic Ocean
556325 8-74
EQUATORIAL
GUINEA
?
AREA OF MAP
100 0
Miles
10
CONGO
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
FOR THE PRESIDENT ONLY
25X1
USSR - EQUATORIAL GUINEA
The USSR may be seeking no more than port access
rights for submarines and other naval vessels such as
it now has in Berbera, Somalia. Port access in Equa-
torial Guinea would facilitate Soviet naval operations
in the south central Atlantic.
Moscow earlier had expressed interest in develop-
ing the port of Luba on Equatorial Guinea's island of
Fernando Po as the principal base for its south Atlantic
fishing fleet. Lately, however, the Soviets seem to
have lost interest in that project.
4
FOR THE PRESIDENT ONLY
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
FOR THE PRESIDENT ONLY
NOTES
Portugal - Portuguese Guinea: An announcement
on the independence of Portuguese Guinea, which UN
Secretary General Waldheim had expected over the
weekend, has been dela ed.
Philippines-China: The planned "cultural" visit
to China by Philippine First Lady Imelda Marcos in
mid-August is the latest indication of Manila's in-
creased interest in improving relations with Peking.
?According to Foreign Secretary Romulo, however, no
senior foreign office official will accompany her.
President Marcos wants to move closer to Peking with-
out disrupting Manila's important commercial ties
with Taipei.
FOR THE PRESIDENT ONLY
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15: CIA-RDP79T00936A012200010031-7
25X1
25X1
25X1
- -
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7
Top Secret
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012200010031-7