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...founder Charles Lewis Tiffany aspired to supply items for every milestone, from gold armlets for newborns to onyx mourning crosses to remember the American Civil War dead. Tiffany's designers often worked with such U.S.-sourced gems as Montana sapphires and Mississippi river pearls, and favored American naturalism over European historicism. As John Loring, design director of Tiffany's since 1979, explains, "Our unofficial motto is that Mother Nature is the best designer." From a delicate diamond-and-sapphire dragon-fly hair ornament (circa 1895) to an Art Deco platinum-and-diamond necklace that invokes the Manhattan skyline (circa...

Author: /time Magazine | Title: American Beauty | 7/18/2006 | See Source »

Another family firm exploiting a more favorable business climate is Nadim. Once a maker of traditional furniture for Arab oil sheiks, it is becoming a producer of modern designs for trendy European and American boutiques. CEO Adham Nadim is spearheading a strategic partnership with the government to boost Egypt's furniture exports from $200 million to $1 billion by 2010. The government lured Helmy Abouleish from his job running Sekem Group, an organic-food exporter, to head the government's Industrial Modernization Center. "Globalization is coming, whether we like it or not," says Abouleish. "Can we survive five...

Author: /time Magazine | Title: Beyond the Bazaar | 7/17/2006 | See Source »

...company based in Amman that competes with the likes of Federal Express and DHL, didn't have oil money to back him. Ghandour founded the firm in 1982 after studying at George Washington University. His plan was to become the Middle East middleman for the big U.S. and European shipping firms...

Author: /time Magazine | Title: Beyond the Bazaar | 7/17/2006 | See Source »

That's what passes for a party in Beirut these days. Monot Street, Beirut's main nightclub drag, is normally throbbing with oil-rich Arab playboys and European hipsters on such a steamy summer night. But with the city under siege, the only buzz coming from Beirut's bars is the hum of power generators. There's not a bikini in sight on the city's sunny shoreline or a parked Porsche in the chic shopping district. Few Lebanese saw it coming. After this country's 15-year civil war ended in 1990, the nation transformed itself from a byword...

Author: /time Magazine | Title: Letter from Beirut: The Party's Over | 7/16/2006 | See Source »

...many CEOs does it take to run a pan-European defense company? The answer is still two, for European Aeronautic Defence & Space Co. (EADS), owner of Airbus. And that might still be one too many. Delays in building the A380 megajet led to the ouster of EADS co-CEO Noël Forgeard as well as Airbus' top boss. Filling Forgeard's spot is Louis Gallois, head of France's railways, who will partner with EADS's remaining CEO, Tom Enders, a German. At Airbus, naming Christian Streiff CEO should placate two of EADS's largest shareholders, the French government...

Author: /time Magazine | Title: People to Watch In International Business | 7/16/2006 | See Source »

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