Word: dubai
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...part of a new generation of entrepreneurs that, at last, is taking Arab business global. The obstacles continue to be immense, from corrupt bureaucratic Arab regimes and regional conflicts to anti-Arab bias in the West. Arab tycoons are still seething over the way political pressure forced Dubai Ports World to abort its buyout of U.S. port operators earlier this year...
Over the past three years, Emaar Properties, an outfit in the United Arab Emirates, has become one of the world's leading real estate developers. Emaar was founded in 1997 by ruler Sheik Mohammed bin Rashid al-Maktoum to lead the Dubai construction boom. The 70/30 business-government partnership, run by chairman Mohammed Ali Alabbar, started taking its expertise on the road in 2002, achieving a market cap worth $20 billion. Currently, in addition to constructing Burj Dubai, touted as the world's tallest skyscraper, Alabbar is busy with undertakings from hotels in Miami to a convention center in Hyderabad...
...their land only a few years ago even though the gas had been pumping for decades and had already been flowing to major cities and towns. The government is also building a multimillion-dollar port, Gwadar, off Baluchistan's southern coast, which Musharraf hopes will one day rival Dubai in the nearby Gulf. The Baluch fear, however, that Gwadar will draw so many settlers from Pakistan's other provinces that they will become an underclass minority in their own land...
...schools in China: a junior school in Suzhou in 2007 and an upper-school joint venture with a leading Chinese high school in Beijing in 2008. Dulwich has plans for India, too. The trend has caught on: Shrewsbury School has a three-year-old affiliate in Bangkok, and a Dubai offshoot of Repton will open for business in 2007. Given British schools' success overseas, can a private education by any other name smell as sweet? In Gamagori, Japan, Kaiyo Academy, backed by a group of high-ranking businessmen hoping to revamp Japanese academic standards, has tried to shake...
...surely never be the same place again." An understatement. The old Hav was bombed to rubble in the 1985 Intervention that led to the current religious regime. The new state, Morris writes, is an efficient, tourism-obsessed, architecturally innovative resort destination - a kind of sanitized Singapore or a deracinated Dubai. The snow raspberries are now genetically engineered and exported aggressively, the trumpeter has been replaced by an electronic carillon, and the old ethic and religious tensions are reasserting themselves. "In many ways," writes Morris, the city has become "a paradigm of our 21st century zeitgeist." A paradigm it will remain...