Word: maktoum
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Dates: during 2010-2019
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Dubai's ruler, Sheik Mohammed bin Rashid al-Maktoum, might be pinning his hopes on his son-in-law Sheik Mansour, who is one of the Abu Dhabi crown prince's full brothers. Davidson says "there's no doubt" that he's the one member of the al-Nahayan clan that Dubai would like to see take charge. But Sheik Mansour already controls IPIC. Will he be given the reins of both of the emirate's massive kitties? It's improbable but not impossible, especially in a country where too much is never enough...
...truth is, the unelected leaders of the Middle East have been happy to learn from Dubai's successes and failures without having to take such risks themselves. In part, that's because Dubai is not more but less politically free than other places in the region. Sheik Mohammed al-Maktoum, the Emir of Dubai, is able to take daring risks not just because he is a hereditary ruler, but because he is unaccountable to the vast majority of Dubai residents, 95% of whom are foreign and who live in Dubai subject to his favor. Other places in the gulf have...