Word: dhabi
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Dates: during 2000-2009
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Even by the profligate standards of the Gulf, Abu Dhabi's new Emirates Palace hotel marks a new chapter of excess. A mini-city of monumental cast, the 400-room, pink granite hotel cost its owners, the government of Abu Dhabi, a reputed $3 billion to build. It fronts its own 1.3-km beach and sprawls over 40 impeccably manicured hectares - an astonishing 10 of which are devoted to its vast indoor spaces. Dwarfed by soaring columns and boundless ceilings, guests can wander among 6,040 sq m of gold leafing, 114 domes adorned with glass mosaics...
Saudi Arabia and Abu Dhabi conduct all litigation, including financial cases, through Islamic courts. That presents banks with a particular problem because Muslim law forbids riba, the earning or payment of interest, on the ground that it is usury. For years the Muslim world quietly allowed the ban on riba to be circumvented by letting the banks call interest payments service charges or commissions. But these days, when Saudi borrowers are handed a bill for interest charges or commissions, they may take refuge in Islamic law and refuse to pay. Banks are left with little means of getting their money...
...achieving its world-class ambitions. Fifty-dollars-a-barrel oil has hit the airline hard: it has instituted a wide-scale hiring freeze and delayed starting service to San Francisco and other U.S. cities. The neighborhood is getting crowded as well: the government of Abu Dhabi--next door to Dubai--has just launched not one but two carriers: Etihad Airlines and low-fare Gulf Traveller. The emirate of Sharjah last year started Air Arabia. Doha-based Qatar Airlines, meanwhile, is improving and expanding. Then there is the reality that Dubai is in the middle of a volatile region...
...achieving its world-class ambitions. Fifty-dollars-a-barrel oil has hit the airline hard: it has instituted a wide-scale hiring freeze and delayed starting service to San Francisco and other U.S. cities. The neighborhood is getting crowded as well: the government of Abu Dhabi?next door to Dubai?has just launched not one but two carriers: Etihad Airlines and low-fare Gulf Traveller. The emirate of Sharjah last year started Air Arabia. Doha-based Qatar Airlines, meanwhile, is improving and expanding. Then there is the reality that Dubai is in the middle of a volatile region...
...gift was later called into question, following an investigation into ties between the chair and the Zayed Center for Coordination and Follow-up, an institute based in Abu Dhabi that, some HDS students alleged, promoted anti-Semitism and anti-Americanism...