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...with loans and development projects - or as one Western observer put it, "a rain of dollars." In June, the Islamic Development Bank - a lender in which Saudi Arabia, Libya and Iran hold the three largest stakes - agreed to build a railroad connecting Turkmenistan and Iran, the first direct rail link between the Islamic Republic and Central Asia. "As of today, our relations with the Islamic bank have really been activated," Tuvakmammed Japarov, the country's deputy prime minister for the economy, tells TIME. In December, he adds, Turkmenistan will meet with other Arab funding institutions "to discuss a range...

Author: /time Magazine | Title: East and West Scramble for Turkmenistan's Riches | 11/29/2009 | See Source »

...lessening its dependence on Russian fuel. But a plan by several European countries to build a natural gas pipeline through southeastern Europe and Turkey has been delayed for years by wrangling over financing and the route. The Nabucco pipeline, as it's known, will eventually link up with another planned pipeline connecting Turkmenistan and Azerbaijan beneath the Caspian Sea. But, at the current pace, construction may not be completed for years. (Read: "Why Europe Can't Abandon Russian...

Author: /time Magazine | Title: East and West Scramble for Turkmenistan's Riches | 11/29/2009 | See Source »

...election, violence will flare again. And a steady stream of bombs, while causing no deaths, have been found outside government buildings, on buses and even in the walls of school houses. The de-facto government blames them on the pro-Zelaya resistance, but the ousted president denies any link, saying they could be part of a dirty war by the coup leaders...

Author: /time Magazine | Title: Zelaya Blasts Election as Hondurans Vote | 11/28/2009 | See Source »

Check out the link, “geek...

Author: By Damilare K Sonoiki, CONTRIBUTING WRITER | Title: Geeks Gone Wild, Fox Sports Reports | 11/26/2009 | See Source »

Quince Mil sits at a strategic point on one of the final legs of a new highway that will link Peru's Pacific coast to Sao Paulo on Brazil's southern Atlantic coast. A few years ago it would take a week to get from Cuzco, in the Andes, to Quince Mil, with the road reaching elevations of 14,000 feet and descending fast into thick, tropical forest. The same route, now being paved by a Brazilian construction company, will take around six hours when the road is finished. "The road means radical change for the population...

Author: /time Magazine | Title: How a Little Town in Peru Is Becoming a Hotspot | 11/26/2009 | See Source »

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