Word: regionality
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...city-state whose natural coastline is a mere 37 miles (60 km). The $20 million extravaganza aims to nail down Dubai's reputation for luxurious excess - an ambition that seems almost anachronistic now that ill winds from Wall Street and the collapse in oil prices are buffeting the entire region...
...That outlook looks less rosy, of course, since the global economic crash and collapse of the region's oil revenues. Although tourism and property developers are still planning massive new projects, there are signs of a shakeout in Dubai's boomtown housing values, with some analysts expecting up to a 20% decline in the next three years. The combined debt of Dubai's government and public-sector companies has escalated to the point where some analysts say the city-state Dubai might one day need a bailout from its super-rich sister emirate Abu Dhabi, which has more than...
...office at the Atlantis, Kerzner adds, "I don't think it's good to have stereotyped notions of people." He says he's not on a mission to bridge cultural gaps, but if people see his partnership with Dubai as an encouraging symbol of harmony in a troubled region, "that's good...
...presence in the region is helping deter and disrupt criminal attacks off the Somali coast, but the situation with the Sirius Star clearly indicates the pirates' ability to adapt their tactics and methods of attack," Vice Admiral Bill Gortney, commander of the U.S. Navy's Combined Maritime Forces, said in a statement earlier this week. Gortney urged shipping companies to take greater care to protect themselves, noting that 10 of the last 15 ships to be attacked in the Gulf of Aden were traveling outside a corridor recommended by the International Maritime Organization and carried no onboard security. (See TIME...
Discussions began Monday in Dharamsala, India, among leaders of the Tibetan exile community on the future of their decades old - and so far utterly fruitless - attempts to get Beijing to give the region some form of self-rule. The six-day talks, called by the exiled spiritual leader the Dalai Lama, who lives in Dharamsala, come at a critical juncture not only for the exiles but for their compatriots inside China and the officials in Beijing responsible for administering the region...