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...What might Obama achieve as President? I suspect there'll be a rethink of America's role in the world. You can already see from his early comments that he's starting to focus quite clearly on Osama bin Laden and the position in Afghanistan, and he's clearly indicated that he wants to withdraw from Iraq, though how quickly that can occur remains to be seen. But I think you will see a period of consolidation...
...though, there are few better displays of Dubai's open embrace of globalization than the partnership that Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum (a pioneering figure in the conservative, Muslim Arabian Peninsula) has established with Kerzner - a famously hard-working, hard-partying casino mogul who is Jewish. Starting more than a decade ago, their affiliation has matured into a full-fledged business relationship that seeks opportunities far beyond Dubai. In 2006, Istithmar, another of the "Dubai Inc." companies owned by Sheikh Mohammed's government, took a major stake in Kerzner International, which owns and operates luxury hotels from...
...revived tourism in the Bahamas. Kerzner, who maintains residences in London, the Bahamas and the south of France as well as in his native country, arrived in Dubai in 1997 to build one of its first glitzy resorts, the Royal Mirage, for the ruling family. In 2001, he approached bin Sulayem with a proposal to build the Atlantis as the Palm's anchor attraction...
...taking the gamble of a lifetime. Not Kerzner. He came here soon after his plan to build a casino complex in the Israeli resort of Eilat fell through, and has felt at home ever since. "We are businessmen from Dubai and we look at it as business," explains bin Sulayem. "If he is the best Jewish man but has no vision, we wouldn't do business with him. But if he is from Timbuktu with a good idea, we will. What people believe is up to them. And when Sol came to Dubai, he didn't wear a flag that...
...Even better, Kerzner and bin Sulayem think, would be to make piles of money together in times that are looking increasingly difficult for tourism. They plan to open other major resorts in Morocco, Zanzibar and South Africa in the coming year or so, although a deal with MGM Mirage to launch a major new casino project on the Las Vegas Strip is being put on hold at least until the credit squeeze eases up. "It's been quite challenging," Kerzner says. "We continue to do reasonable business but there's no question the marketplace has taken...