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...Saudi Arabia, there have been female-only banks for decades - a reflection partly of Saudi women's wealth, partly of conservative attitudes toward them as precious creatures who need to be protected. But the past few years have seen women's banks and investment companies proliferate across the Middle East. Arab women, increasingly well educated and common in the workplace, are seeking financial independence. In the Gulf, flush with wealth from the oil and gas boom, they are looking to invest in more sophisticated vehicles than the traditional stashes for women's assets: banks and property. The Kuwait Stock Exchange...

Author: /time Magazine | Title: Middle East: Women's Money Talks | 7/30/2008 | See Source »

...terror has made Yemen's gun problem a global issue - evidence suggests that Yemeni arms dealers have supplied Islamic militants in Saudi Arabia and beyond. After 9/11, the Yemeni government, a U.S. ally, cracked down on the local gun trade and began buying back guns from tribes. Last year, it closed arms markets and banned Yemenis from carrying guns in cities...

Author: /time Magazine | Title: 'If You Kill All the Christians ...' | 7/25/2008 | See Source »

Hamdan's journey began in 1996 when he first met Nasser al-Bahri outside a mosque in Sana'a, the capital city of Yemen. At the time, al-Bahri, a well-educated Saudi and veteran holy warrior, was assembling a small army of jihadis to fight alongside Tajikistan's Islamic insurgency against its Russian-backed government. Hamdan was by all accounts an easy convert. Orphaned at a young age, he found a father figure in the confident and committed al-Bahri and a purpose in jihad...

Author: /time Magazine | Title: Salim Hamdan: Enemy Number One | 7/24/2008 | See Source »

...Dhabi's funds, and those in such places as Kuwait, Saudi Arabia and Qatar, are part of an epochal shift in the economic balance of power toward the energy-rich Gulf. It helps that the downturn in the U.S. economy and the anemic dollar are offering up relative bargains. Shares in GE - the great symbol of American management prowess - have fallen by more than a quarter in the last year...

Author: /time Magazine | Title: Abu Dhabi: Rising Power | 7/23/2008 | See Source »

Failing with the West, Moreno-Ocampo spent the next six months traveling the Arab world - Cairo, Qatar, Saudi Arabia, Jordan - to assure them of his impartiality and to bring them onto his side. Then in June, the ICC got a break...

Author: /time Magazine | Title: How Sudan Was Brought to Court | 7/22/2008 | See Source »

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