Word: sultanic
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Remote Sir Bani Yas was once the private domain of Sheik Zayed bin Sultan al-Nahyan, ruler of Abu Dhabi and co-founder of the United Arab Emirates. He irrigated much of its barren landscape and created his very own wildlife reserve, initially for endangered regional species like the Arabian oryx and both mountain and sand gazelles, but later for many African animals, including giraffes, ostriches, elands, gemsboks, blackbucks and striped hyenas, all of which remain to this day. (See pictures of luxury private islands...
...sometimes, the bad news has to be admitted from on high. The U.A.E.'s Minister of Economy, Sultan bin Saeed al-Mansouri, last week acknowledged that the economy of the world's fifth largest oil exporter is expected to shrink in 2009. He refused to give an indication of the extent of the contraction, saying simply that the U.A.E. would escape recession. The International Monetary Fund had previously said it expected the U.A.E. economy to grow only 3% this year after expanding 7.4% in 2007 and an estimated 6.9% in 2008. (See 10 things to do in Dubai...
...Masdar officials, would the recession have a major impact on the emirate's plans, announced last year, to invest $15 billion in clean energy--an amount equal to what President Barack Obama has suggested spending annually for the entire U.S. "We are looking beyond the current financial crisis," says Sultan Ahmed Al Jaber, Masdar's CEO. "But all our projects are still proceeding...
...petroleum-rich emirate is suffering through plummeting oil prices - now a little over $40 a barrel, down a hundred dollars from a half a year ago - its leaders say they remain committed to expanding Masdar. "The current financial crisis has absolutely no impact on our planned projects," says Sultan Ahmed Al Jaber, Masdar's imposing CEO. "Our appetite is still the same." (See the top 10 green ideas...
...decision to go ahead with the high-gloss opening, even as hotel bookings evaporate across the world, is yet another brash statement of Dubai's ambition and confidence. "In Dubai, if you have a fantasy, you don't just fantasize about it, you build it," says Sultan bin Sulayem, Kerzner's partner in the Atlantis, whose firm, Nakheel, constructed the Palm. "It's astounding," agrees Kerzner, sipping Perrier with Sultan recently in the Atlantis' lobby bar. "When I first came here, we were in the middle of the desert. You wonder how you can continue at this pace, at what...