Word: riyadh
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...only country likely to flex its muscles after the election. Turkey - which has a restive Kurdish minority of its own - will try to block any further devolution of power to Kurdistan. And last month, Saudi Arabia's King Abdullah invited leaders of a pro-Sunni coalition to visit Riyadh, a sign that the kingdom would like to play a role as protector of Iraq's Sunnis. "Everyone in the region will try to occupy Iraq," says Sheik Hussam al-Mojammai, the head of Baqubah's Awakening Council, a Sunni citizens' brigade that helped defeat insurgent groups in the province. "Even...
...badly bruised neighbor. The gulf region is poised not only to recover from the global slump this year, but could become the second most important center of world economic growth after the economies of east and south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai, but Dubai is not the GCC," he says, referring to the Gulf Cooperation Council, a loose political and economic union of gulf nations. "In the short term, Dubai's problems may impact...
Other countries in the gulf are spinning the same line: cherry-picking the best of Dubai while avoiding the worst. Saudi Arabia, the region's behemoth, has ambitious plans for new development, and Riyadh, its capital and biggest city, is bound to host the central bank for a proposed future gulf single currency. But for all its shopping malls and skyscrapers, Riyadh will never be the region's financial center so long as there is no place for investment bankers to celebrate their deals by popping champagne corks. Most global professionals don't want to live in a country where...
Caballero says that is wrong. His story of the financial crisis begins not in the rising condo buildings or growing developments in Miami or Las Vegas, but in investment houses and offices of central bankers in Beijing and Riyadh. Caballero asserts that international investors, particularly those tasked with deploying the reserves of foreign governments, prefer relatively safe investments, which made the normally stable U.S. economy a natural hunting ground. The money might have gone into stocks, but after the Nasdaq and stock market rout of the early 2000s, investors' appetite shifted to bonds...
...expatriate working in Riyadh, I eagerly bought the latest edition of TIME, attracted by the cover story "Saudi Women's Quiet Revolution" by Andrew Lee Butters [Oct. 19]. But when I settled down to read the story I found that it had been censored and pages 23-24 were removed. I went back to the store to see if I could find a copy with the full article but they were all similarly censored. I guess that the cover headline but too slowly for some is all too true here in Saudi Arabia. Name and address withheld...