Word: arabize
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...shop. More than 100 airlines fly to Dubai, carrying high-spending Russians as well as increasing numbers of Brits, who used to take shopping trips to equidistant New York City but now prefer to combine shopping with sunbathing. Then there are the vacationers from the rest of the Arab world, some attracted by Dubai's liberalism?alcohol is legal for non-Muslims in five-star hotels?others enjoying dry five-star establishments...
...What other desert land can claim one of the world's largest indoor ski slopes, featuring fresh powder year round? While flying in on the stylish, state-owned Emirates Airlines, you might notice the artificial islands in the shape of a palm tree or the 56-story Burj al-Arab hotel, as tall as the Eiffel Tower, built like a billowing sail. Westerners are welcome, along with their vices. Europeans in bikinis mingle on the beach with Muslim women in abayas; alcohol flows freely at Dubai's nightclubs and resorts. With events like the Dubai World Cup, a horse race...
Senators who want to block the ports deal, such as New York Democrat Charles Schumer, point out that the 9/11 attackers laundered money through Dubai and that the sheikdom participates in a boycott of Israel by the United Arab Emirates, of which it is one sheikdom among several. (Despite the boycott, DP World does business with Israeli firms.) Congressman King, for one, told TIME he wants assurances that al-Qaeda supporters "will not be able to work their way into the company." That task might fall to the chief operating officer of DP World--a guy from New Jersey named...
...going to block deals for what Dubai sees as political reasons, there is less of an incentive to trade with American companies--and it could bolster Dubai's effort to attract Arab capital to its nascent financial center. More concretely, Dubai is committed to $200 billion in projects, including expanding the city of Dubai's airport, and tons more hotels and condos. Dubai recently unveiled a plan to create a "global aerospace manufacturing and services corporation" that will offer leasing and repair services, challenging firms like General Electric (start-up funds: $15 billion). Emaar is building an entire city...
...Americans, of course, have a somewhat rougher take on the Arab conglomerate's $6.8 billion bid to purchase Britain-based P&O Steam Navigation, which operates in five U.S. ports as well as the Vancouver terminal. Washington's approval of the U.S. takeovers was "reckless, outrageous and irresponsible," Baltimore Mayor Martin O'Malley said last month. His counterparts in other U.S. cities with prospective Dubai- owned ports have been similarly venomous. And in the U.S. Congress, a bipartisan coalition has vowed to block the deal on the grounds that Dubai has been a way station for terrorists and nuclear smugglers...