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...company ExxonMobil's size routinely spends huge gobs of money. This year alone the company is expected to deploy some $16 billion on capital projects. Among other things, ExxonMobil is pushing heavily into the expanding market for liquid natural gas with a $7 billion gas-to-liquids foray in Qatar. But the company's projected capital spending is only $1 billion higher than last year, and even ceo Lee Raymond knows that some shareholders are frustrated that the company isn't being more aggressive about making investments. "When inevitably you ask me how we manage our cash, I will remind...
...global headquarters, Parsons illustrates why there is nothing ordinary about his job. "We'll have an open-plan newsroom, and we hope to put in a small gym," he explains as he surveys the building site, a former parking lot in the tiny Persian Gulf state of Qatar. After a brief pause, he adds, "And the prayer rooms--don't forget the prayer rooms...
Defection sounds like a bad word, but in reality the runners may still be patriotic as ever. They just moved on to greener pastures. When the commonwealth gold medalist, Stephen Cherono, moved to Qatar, there was uproar in Kenya, especially when he, as Saif Saeed Shaheen, went on to beat his former teammates at the Paris athletics championships. More recently, Bernard Lagat became a U.S. citizen, again amid further protest. Now, many wonder whether these athletes should be allowed to compete for their new host nations...
...Down the Stretch In the Middle East, thousands of boys from South Asia toil as jockeys in camel races, and their lives are woeful. Following government-imposed bans on jockeys under 16 in the United Arab Emirates and Qatar, at least 20 experimental robots will take over the reins this fall. Kamel, a Swiss-built, lightweight, remote-controlled jockey, uses gestures similar to those of a human jockey, even whipping. Price: $5,500 each...
...another sign that the push for democracy in the Middle East may finally be reaching women. Hundreds of Kuwaiti protesters last month demanded that women be given the right to vote. Women's suffrage will be granted in Qatar when its new constitution takes effect in June. Women in Iraq are demanding a greater voice in the newly formed government there. And the Saudi government has even raised the possibility of granting women the right to vote in the next elections. Shibley Telhami, a Middle East expert at the University of Maryland at College Park, thinks the Grand Mufti...