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...more complicated than that, because there are many more with a stake in the outcome of the crisis than the two sides fighting. They include...

Author: /time Magazine | Title: Diplomacy in Slow Motion | 7/20/2006 | See Source »

...making Orascom no less than the world's No. 1 cell-phone operator, a dynasty that will dominate the sector with a handful of others following the industry's inevitable consolidation. His recent investment in Israel is merely part of Orascom's $1.3 billion acquisition of a 19.3% stake in Hutchison Telecom, based in Hong Kong. Sawiris seeks to increase his stake to 51%, thereby extending Orascom's reach to Southeast Asia through Hutchison's businesses in India, Indonesia and Vietnam. From relatively small beginnings less than a decade ago, when it established Mobinil in Egypt, Orascom, which trades...

Author: /time Magazine | Title: Beyond the Bazaar | 7/17/2006 | See Source »

...waste product generated by Ideal, another nationalized appliance company, into decorative moldings. Sallam's business has been transformed with Egypt's gradual implementation of economic reform, notably since 2004, when Prime Minister Ahmed Nazif took office in a Cabinet that included leading ex-businessmen. Sallam, who retains a 52% stake in the company, credits the government's moves to devalue the Egyptian currency, reduce tariffs and slash corporate taxes with enabling Olympic exports to take...

Author: /time Magazine | Title: Beyond the Bazaar | 7/17/2006 | See Source »

...Gary Mulgrew, 43, British former bankers for Greenwich NatWest; in a case that has sparked controversy in the U.K. over U.S. extradition powers; to Houston, Texas. Known as the "NatWest Three," the men are accused of conspiring with Enron executives to defraud their employers through the sale of a stake the bank held in a unit of the collapsed energy firm. All three pleaded not guilty...

Author: /time Magazine | Title: Milestones | 7/17/2006 | See Source »

...streets. Bhatt, who has spent the past three years cultivating Indo-Pakistan friendship through a series of cinematic and artistic exchanges, says such protests suggest the terrorists have already succeeded. "Their goal was not to kill 200 people. It was far more sinister. It was meant to drive a stake into good relations between Hindus and Muslims. Everything we have built between the two countries has been destroyed. Not by the attacks, but by the suspicions and the accusations...

Author: /time Magazine | Title: A Recurring Nightmare | 7/17/2006 | See Source »

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