Word: arabs
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That prudence was one of several qualities that won Boutros-Ghali the IMF job. His track record as Egypt's Finance Minister was another: under him, the notoriously sclerotic Arab nation has grown at an annual rate of 7%. "He's seen as a facilitator, somebody who can generate progress," says Eswar Prasad, professor of trade policy at Cornell University and former head of the IMF's China division. "In Egypt, he's been able to operate under significant institutional and political constraints - that's valuable experience when you're dealing with...
...long time, the normal laws of economics did not seem to apply in Dubai, the most populous of the seven states that comprise the United Arab Emirates. Abu Dhabi, the seat of political power in the UAE, controls most of the country's oil resources. With less oil to tap, Dubai has used low taxes, easy money and cheap Asian labor to transform itself into one of the region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like...
...winner The Class, set in a Paris junior high school, this is a documentary-style study of French minorities in an enclosed environment that sets its own rules. The main tension - and there's plenty in the schemings of rival ethnic gangs - comes from the relationship of a young Arab (Tahar Rahim) and his aged Corsican mentor (Niels Arestrup). When asked at the post-show press conference if he was disappointed at getting second place, Audiard replied, "What's the problem? Isn't this a good prize?" It is, and honorably merited. Both of the big winners will be distributed...
...Arrested and charged with murder on Sept. 2, after al-Sukari reportedly told police that Moustafa had paid him $2 million to kill Tamim, who had ended her relationship with the tycoon several months earlier. Egyptian authorities, meanwhile, refused to extradite the two men to the United Arab Emirates, where the murder occurred...
...March, prosecutors argued that Moustafa had acted as an accomplice to the crime by providing al-Sukari with money and entry visas to the United Arab Emirates and the United Kingdom, where he trailed Tamim, who had begun a relationship with an Iraqi-British kickboxer...