Word: boomings
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...manager of a Dubai real estate brokerage, Imran Mohamed, a Scot of Pakistani descent, had a front-row seat at one of the most incredible property bubbles ever. Early last year, a few months before the height of the emirate's boom, he fought his way through the lines at the opening sale of a new waterfront condominium development. Such launches always attracted crowds of investors eager to get the first shot at a new offering, but the buzz that day was especially intense, remembers Mohamed. (He asks that his real name not be used because his company...
...business outlook. The latest hard-luck story: MGM Mirage. This week, the Las Vegas-based company disclosed that New Jersey gaming industry regulators object to its Macau joint venture partner, raising the possibility that MGM Mirage could pull out of the market. (Watch a video about Macau's gambling boom...
Child-abuse scandals involving priests are not new in Ireland. A series of high-profile pedophilia cases in the 1990s helped bring about the collapse of a government and, together with the country's economic boom, severely diminished the Church's long-held influence over Irish society. The findings of this most recent report, however, could drive that wedge deeper than ever before. "I don't see how [the religious orders] can ever recover from this," says Raftery. "Not just from the way they responded to the knowledge of abuse [but also] from their continuing cover-up of it over...
Some locals jokingly call Herat the "Dubai of Afghanistan." The nickname is a stretch, but the mini-boom taking place in this commercial capital is borne out by 24-hour electricity and pothole-free streets where people wander without fear of the random violence that afflicts other urban centers in the country. Who gets the credit? Much of it goes to Iran, which lies less than a hundred miles to the west and is moving closer...
...billion in mostly military aid. The assistance has helped the Colombian police and army troops to drive back guerrilla groups, arrest drug traffickers and reduce kidnappings. Until the global recession took hold, the improved security had helped to attract billions in new foreign investment, which sparked an economic boom. After seven years in office, Uribe's approval rating stands at 68%, according to a recent Gallup poll. And if he's given the chance to run in the May 2010 election, several opinion surveys show Uribe mopping up. (See pictures from Colombia's narco underworld...