Word: regions
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...Hindus, the area has been a travel destination since pre-Vedic times, and pilgrimage trails still crisscross the mountains. The northern district of Garhwal, bordering Tibet, is the largest region and is the most popular with visitors due to its many holy places. One such site, Gangotri, is dedicated to the goddess Ganga, whose temple is located just below the Gaumukh glacier, the source of the sacred river Ganges. Garhwal also boasts two World Heritage sites: the Valley of Flowers, which erupts every spring into a carpet of colorful blooms, and Nanda Devi, the second highest peak in the Indian...
Today's accumulation of riches in the Gulf is the stuff of dreams. Soaring profits from oil and natural gas are driving the region's wealth into the stratosphere. Henry Azzam, who heads Deutsche Bank's Middle East operations from a sleek suite of offices in the Dubai International Financial Center, is relishing this historic windfall. "We're becoming the epicenter of the global economy," he marvels. But Azzam has his worries. He sees the recent fighting in Lebanon, for instance, as a proxy war between the U.S. and Iran that could lead to an American military strike on Iran...
...helping to transform former backwaters like Dubai, Abu Dhabi, Qatar and Bahrain into glittering hubs for business, travel and culture. Still, there are plenty of threats that could spoil this party. For a start, there are the wildcard geopolitical risks that can never be ruled out in a region plagued by instability. In one nightmare scenario, Tehran would respond to a U.S. strike on Iran's nuclear program by lobbing missiles at cities in Gulf states like Qatar that are closely allied with Washington; in another, a terrorist group such as al-Qaeda would target Dubai, scaring off the tourists...
...panelists, political stability was a fundamental concern. Citing the war in Iraq, the turmoil in Lebanon and the failure to achieve peace in Israel, Mohammed Shafik Gabr, chairman of Egypt's Artoc Group for Investment & Development, warned that "things are not getting any better" in the broader region...
...evening of May 21, hundreds of business leaders from the region and beyond flowed through the halls of the hotel, past banks of honeysuckle and jasmine, into the garden, where cooks grilled chicken on giant charcoal burners and served baba ghanoush, tabbouleh and baklava. Participants at a conference on investment opportunities in Palestine, they talked up the prospects of the local information-technology industry (whose products, which can be whizzed to markets electronically, are not subject to the whims of Israeli border guards) and bragged about the performance of the Palestine stock exchange. At the center of the crowd-trim...