Word: gulf
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Dates: during 2000-2009
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...region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like palm fronds, the world's tallest building - that have turned a sandy sliver on the Gulf into one of the world's fastest-growing cities. (See 10 things to do in Dubai...
...pictures of migrant workers in the Gulf...
...economic boom in the gulf countries over the past few years - fueled by the continuous rise of oil prices between 2003 and 2008 - helped put the region on the global economic map. In some ways, the boom became captive to a "mine is bigger than yours" syndrome. Competing states embarked on advertising campaigns and hired in public-relations firms to tout their wares. Developers and rulers alike pushed artificial islands (Dubai, Abu Dhabi, Qatar, Bahrain, Kuwait), and in many places real estate became the main economic activity. Officials promoted their cities as financial hubs as a way to diversify away...
...funds acquired foreign assets with the flair of peacocks. The humility that typified the past was supplanted by conspicuous consumption. Yes, all that infrastructure and new property that was built still exists - but its quality and engineering is, in many cases, dubious. (See pictures of migrant workers in the Gulf...
...centrist Ehud Olmert, Abbas reportedly rejected the best peace deal the Israeli leader was able to offer during last year's talks about talks - an offer that reportedly conceded more territory to the Palestinian state than the deal turned down by Yasser Arafat at Camp David. So the gulf between Israel's best offer and the bottom line of the most moderate Palestinian leadership appears to be too large to resolve in bilateral negotiations in which the Palestinians have no leverage but nothing to lose, while the Israeli public is able to live with the status quo for the foreseeable...