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...already amassed in these bounteous days for energy exporters should provide a cushion for years to come. Amid this euphoria, few seem to fret about the other seemingly glaring risk to the Gulf - the possibility that property speculation in cities like Dubai might lead to a bust. Mohamed Bin Ali Alabbar, chairman of Emaar, the region's leading property developer, says Dubai still has plenty of room to grow as a services center for the Gulf and its 200 million people: "The region is expanding, Dubai is too small, and so more needs to be done." For now, at least...

Author: /time Magazine | Title: Giddy Heights: Boom in the Gulf | 5/29/2008 | See Source »

...disclose information about missile development, high-explosive testing and military involvement in the nuclear program--all of which could suggest a covert nuclear weapons program. The report provides ammunition for critics pressing Iran to stop uranium enrichment. Iran's parliament, meanwhile, elected as its speaker former nuclear negotiator Ali Larijani--who promptly denounced the report and said Iran may curtail its cooperation with the IAEA in the future...

Author: /time Magazine | Title: The World | 5/29/2008 | See Source »

...Ali Larijani projected a presidential bearing as he accepted his election as speaker of Iran's parliament on Wednesday - a vote that boded ill for President Mahmoud Ahmadinejad. Larijani, a high-profile arch-rival of the President, addressed global themes in his address to the opening session of the Majlis, dressing down the International Atomic Energy Agency and praising Hizballah. Despite the tough talk that was welcomed by some of the legislators with shouts of "God is great!" and "Death to America!" Larijani received a congratulatory call from European Union Foreign Policy Chief Javier Solana - an old negotiating partner. While...

Author: /time Magazine | Title: Are Ahmadinejad's Days Numbered? | 5/29/2008 | See Source »

High-profile visits by political figures are relatively rare in Najaf, the quiet holy city in southern Iraq where Grand Ayatollah Ali al-Sistani lives. Sistani, the most venerated Shi'ite religious leader in the country, shuns the limelight. But it fell his way last week nonetheless when Iraqi Prime Ministry Nouri al-Maliki and U.S. Ambassador Ryan Crocker appeared in Najaf separately within days of each other. It raised questions whether Sistani is making a comeback as a voice in political decision-making in Iraq...

Author: /time Magazine | Title: The Return of Iraq's Ayatollah | 5/25/2008 | See Source »

...without preconditions. "He shorthanded the answer," Senator Joe Biden recently said. Ever since, Obama has been creatively fuzzy when asked directly if he would meet with Ahmadinejad - and he has begun to point out that the real leaders of Iran are the clerics led by the Supreme Leader Ayatullah Ali Khamenei, who controls Iran's foreign policy and its nuclear program. Obama has also been explicit about the need to start with lower-level talks, a presidential summit coming only if there were progress in those negotiations. In his previous, straight-talking incarnation, McCain would have allowed Obama the modifications...

Author: /time Magazine | Title: Straw-Man Diplomacy | 5/22/2008 | See Source »

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