Word: saudi
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There is little mystery about why Saudi Arabia, Egypt and Jordan--all Arab states with predominantly Sunni Muslim populations--would distance themselves from Hizballah. The Lebanese organization is a Shi'ite fighting force, founded and bankrolled by Shi'ite--and non-Arab--Iran. As Tehran flexes its muscles in the region, pursuing technology that could enable it to build nuclear weapons and watching as Shi'ite forces gradually dominate Iraq, Arab powers have become worried. That gives the U.S. an opening. Administration officials say one purpose of Rice's trip is to create an "umbrella of Arab allies" opposed...
...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, India. His eye-catching projects include the $26.6 billion construction of an entire new metropolis in the Saudi Arabian desert to be called King Abdullah Economic City and a global hotel and condo partnership with Italian designer Giorgio Armani...
...technical yet crucial issue of adopting common product standards. "There is a reshaping of the landscape," says Hassan Heikal, CEO of EFG-Hermes Holding SAE, a Cairo investment bank, over cocktails at the Four Seasons First Residence--itself the product of a partnership among a local investor, a Saudi prince and a Canadian hotel mogul. "There is a new breed of CEOs who are willing to go outside their own borders and take risks. I'm very bullish on the Middle East for the next 10 to 20 years." With that, Heikal, considered the whiz kid of Egyptian high finance...
...full-scale, multicountry war that rocked the Middle East in 1948 or 1956 or 1967 or 1973. But that's not exactly cause for comfort. The lethal exchange of firepower between Israel and Hizballah will likely not let up until someone--the U.N., nervous Arab countries like Egypt and Saudi Arabia or possibly the U.S.--intervenes and persuades one or both sides to stop. A British official told TIME that Prime Minister Tony Blair is personally pressing President George W. Bush to send Secretary of State Condoleezza Rice to the region to engage in Henry Kissinger-style shuttle diplomacy...
...Iran may avoid getting drawn into the conflict, but that doesn't mean Ahmadinejad isn't eager to exploit the moment to advance his popularity in the Arab and Islamic world. While other influential regional players like Saudi Arabia have tried to ease tensions by calling on Hizballah to show restraint, Ahmadinejad's comments have been aimed at raising the temperature. "Those who keep silent are complicit in the Zionist regime's barbarism," he said in a public speech, a jab at the refusal of Arab leaders to cheer on Hizballah. In an address the next day, he said...