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Over the past three years, Emaar Properties, an outfit in the United Arab Emirates, has become one of the world's leading real estate developers. Emaar was founded in 1997 by ruler Sheik Mohammed bin Rashid al-Maktoum to lead the Dubai construction boom. The 70/30 business-government partnership, run by chairman Mohammed Ali Alabbar, started taking its expertise on the road in 2002, achieving a market cap worth $20 billion. Currently, in addition to constructing Burj Dubai, touted as the world's tallest skyscraper, Alabbar is busy with undertakings from hotels in Miami to a convention center in Hyderabad...

Author: /time Magazine | Title: Beyond the Bazaar | 7/17/2006 | See Source »

...Russia is drinking, and without drinking we cannot be," said Prince Vladimir, ruler of the state of Kievan Rus in the 10th century, as he chose Christianity for the state religion over teetotal Islam. Never has Russia indulged her joy more than over the last five petrodollar-rich years, with alcohol from any land available to complement the fabulous abundance of domestic vodkas, at prices ranging from affordable at kiosks to exclusive at rare wine boutiques. But the joy abruptly ended on July 1. Citing the need to control alcohol quality and tax collection, the government has decreed that...

Author: /time Magazine | Title: Without Tears — and Now Without Booze | 7/16/2006 | See Source »

Initially, Congress created a seven-person commission to oversee construction. After the first chief engineer broke down under the stress of the job, Roosevelt sidestepped the panel and gave total power to one man, Army Colonel George Goethals. As absolute ruler of the Canal Zone, Goethals oversaw every detail, from digging and building to resolving personal disputes among workers...

Author: /time Magazine | Title: How To Shrink The World | 6/25/2006 | See Source »

...start of a secret shift in relations between the United States and Saudi Arabia, getting the Saudis off the sidelines and on the field. Bush's meeting with the de facto Saudi ruler, Crown Prince Abdullah, a month earlier, hadn't done it, nor had a stream of U.S. dignitaries arriving in Riyadh, exhorting the Saudis to allow the Americans to interview the families of the 9/11 terrorists or, at least, to provide access to bank accounts that might yield leads to terror financiers. It was fear that moved the Saudis. The oil fields, the function of every equation, were...

Author: /time Magazine | Title: The Untold Story of al-Qaeda's Plot to Attack the Subway | 6/19/2006 | See Source »

...monarchy modeled after England and Japan.On June 1, 2001, King Birendra and seven other members of the royal family were shot to death by his son Crown Prince Dipendra, who then committed suicide, according to reports.King Birendra’s death brought his brother to the throne. The new ruler, King Gyanendra, dissolved the Parliament and gained complete control over the government, reversing his predecessor’s reforms and sparking protest.“Violence has been so entrenched in people’s lives,” said Thapa. “Instead of school...

Author: By Wojtek P Kaszynski, CRIMSON STAFF WRITER | Title: Unrest Worries Nepalese Students | 4/26/2006 | See Source »

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