Word: internationale
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Dubai and Dubai World, one of the flagship state-owned conglomerates, have lots of good assets, including a state-of-the-art multiterminal international airport, an airline and port facilities with vast container capacity. However, under Dubai law and the regulations of the U.A.E., banks cannot seize control and ownership...
So much of Dubai has been built on short-term loans, based on the idea that income from the projects would buoy liquidity and help roll forward debt payments. For example, Dubai's driverless metro system, one of the most advanced in the world, is financed through three-year notes...
Jealous rivals and cynical pundits will revel in Sheik Mohammed's fall from grace, but none can deny Dubai's remarkable accomplishments - or ignore the fact that only an ambitious dreamer could have made them happen. In the 1980s, when Dubai's neighbors were either hibernating behind a curtain of...
That remains to be seen, but the world cannot afford the failure of Sheik Mohammed. Whatever Dubai's excesses, this metropolis on the desert edge - not Cairo, Beirut, Tehran or Tel Aviv - has become the Middle East's crossroads of cooperation. In a region where conflicts still rage, Dubai has...
On Dec. 1, 1959, representatives from a dozen countries, including the U.S., Japan and the U.K. met in Washington to sign a treaty intended to keep the Cold War out of the coldest place on Earth. Fifty years later, the Antarctic Treaty is still in effect, making it one of...