Word: rashid
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Their generous cash-for-gold strategy may pay off this week. Moroccan-born star Rashid Ramzi, now running for Qatar, is a favorite to win the men's 1,500-m race, though he'll be challenged by two Kenyans running for Qatar and Bahrain under new Arab names. Two other medal favorites going into the Games' final weekend are Bahrain's Ethiopian-born 1,500-m specialist Maryam Yusuf Jamal and Qatar's Kenyan-born marathoner Mubarak Hassan Shami, who will have to beat out former teammates who know him by his birth name, Richard Yatich...
...during the Arab stock boom of 2006, women in Dubai lobbied for their own corner on the stock exchange, complete with snacks and coffee service. And Saudi women now day-trade online in growing numbers. "Women are becoming more empowered in dealing with their wealth," says Shamsa Noor Ali Rashid, a board member of FORSA, a fund started by Dubai World last year exclusively for female investors...
...death of some 100 militants and students who had faced down the Pakistani security forces in a standoff that rocked Pakistan. The nine-day siege, code-named "Operation Silence," culminated in a vicious firefight in the usually tranquil capital that killed the mosque's firebrand prayer leader, Abdul Rashid Ghazi. At the end the mosque was still standing, but the seminary, or madrassa, had been reduced to rubble...
...officials dismissed the report from Merrill, with the implication that Merrill - itself desperate for cash, having lost billions in the real estate bust - doesn't have the best financial acumen. "We won't comment on market speculation or the Merrill reports specifically," said GM spokeswoman Renee Rashid-Merem. She said GM is not cash short: "We continue to believe the company has sufficient liquidity and financial flexibility to meet its 2008 funding requirements, despite lower U.S. industry volumes." More than 17,000 blue collar workers dropped off GM's payroll last week as part of a buyout of long-term...
Iavarone bought his piece of the horse from Paul Pompa, a New Jersey guy who runs a Brooklyn trucking company. Pompa was offered some $1.5 million extra for Big Brown from the stable run by Sheik Mohammed bin Rashid al-Maktoum, the ruler of Dubai, who doubles as the most powerful man in horse-racing. No one says no to the Sheik. But Pompa did, because he wanted to keep a 25% share in Big Brown. Before the Preakness, venerable Kentucky stud farm Three Chimneys bought Big Brown's breeding rights for upwards of $50 million, putting at least...