The Middle East

A monthly magazine of current events, trends, and news from the Middle East region. Articles cover economics, politics, and the relationship between the two in the region.

Articles from No. 411, May

Ahmed Al Arbeed: CEO of Dana Gas, the Largest Regional Private Sector Natural Gas Company in the Middle East: Ahmed Al Arbeed Talks to Pamela Ann Smith about the Future of the International Oil and Gas Sector and Explains How Dana Gas Has Managed to Flourish despite the Global Financial Slowdown. He Also Reveals Some of the Company's Investment and Operational Strategies for the Future
[ILLUSTRATION OMITTED] Dana Gas is helping to spread the Gulf's expertise and investment capability to other parts of the globe. Headquartered in Sharjah and listed on the Abu Dhabi stock exchange, it currently operates in Pakistan, Nigeria, Canada,...
All Fall Down: The Five-Year Hunt by UN Investigators for the Assassins of Rafiq Hariri Seems to Have Run out of Steam and Political Will, but a New Focus on Hizbullah Is Whipping Up Tensions in Lebanon
[ILLUSTRATION OMITTED] FIVE YEARS AFTER RAFIQ HARIRI WAS assassinated in a massive Valentine's Day bombing on Beirut's Corniche, the ground-breaking United Nations investigation to bring his killers to justice--the first international probe of an...
A Man with a Mission: The Most-Voted-For Person in Our "World's 50 Most Influential Arabs" Poll Was Prince Alwaleed of Saudi Arabia, Who Talks to Pat Lancaster
[ILLUSTRATION OMITTED] The global credit crisis has claimed many thousands of international casualties but Kingdom Holding Company (KHC) has come through the credit crunch relatively unscathed. How did KHC manage to succeed where so many others...
Budrus-Success Story
A FAMILY MAN SITS IN THE GARDEN OF his home and looks at the camera calmly: "We don't have time for wars. We want to raise our kids in peace and hope. We are using a strategy of popular resistance and nonviolence." Ayed Morrar is a community leader...
Challenging Mubarak: Mohammed ElBaradei, Former Head of the UN's Nuclear Watchdog Agency, Has Become Egypt's Champion of the People to Run against President Hosni Mubarak and Lead the Fight for Political Reform
[ILLUSTRATION OMITTED] MOHAMMED ELBARADEI, A NOBEL Peace Prize winner, has become the people's champion in Egypt because of his campaign for sweeping political reform and his willingness to challenge Hosni Mubarak, widely known as "the last Pharaoh"...
COMESA Promotes Safer Investment Frameworks
[ILLUSTRATION OMITTED] COMESA's 3rd Investment Forum (12-13 April), hosted by Egypt's Ministry of Investment, the General Authority for Investment (GAFI) and spearheaded by the COMESA Regional Investment Agency (COMESA RIA) aimed to attract investment...
Comment
[ILLUSTRATION OMITTED] THE TIDE OF REVULSION OVER ISRAEL'S ILLEGAL SETTLEment policy continues to rise, engulfing private citizens, world governments and global organisations. The spark that ignited the row, as discussed in last months's TME,...
Food Security: The GCC Time Bomb?
[ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Residents in the Gulf states know all too well how the price of food can rise sharply and severely affect their household budgets. Now a report by NCB Capital (NCBC), the investment banking arm of...
'Green Crops' Transform Middle East Food Production
[ILLUSTRATION OMITTED] Agriculture and food production throughout the Middle East could undergo a quiet revolution if experiments in the UAE succeed and if Egypt's own policies are adopted more widely, experts in the Gulf report. Abu Dhabi's Sustainable...
Iran Tightens Its Grip on the 'New' Iraq: According to the Americans, the Islamic Republic Suffered a 'Stunning Defeat' in Iraq's Dead-Heat Parliamentary Elections in March, but Tehran's 'Invisible General' May Well Prove Them Wrong
[ILLUSTRATION OMITTED] On the face of it, the unexpectedly strong showing of Iraq's secular coalition, including majority Shi'ites and minority Sunnis, in the March parliamentary elections was a major setback for Iran's strategy of turning its adversary...
Jordan Achieves Record Foreign Investment: Jordan's Plan to Open Up Its Markets, to Provide Investment Incentives That Will Ensure Both Economic and Social Prosperity, Is Paying Dividends
Despite a major fiscal crisis, Jordan is on target to reap some $5.4 billion in investments this year, thanks to substantial new incentives under its Investment Promotion Law. Figures for the first two months of 2010 show an increase of 235%, to just...
Multibillion $ Pipeline Project Gains Ground: March Saw the Leaderships of Iran and Pakistan Announce a 25-Year Deal to Construct a Gas Pipeline between the Two Countries-A Project First Mooted in 1993 but Beset by Delays as the Politics of the Region Shifted in the Sand
[ILLUSTRATION OMITTED] The geopolitics of regional oil and gas pipelines is, to put it mildly, complicated, with the world's powers jostling for market position and political influence. Whereas the nuclear arms race characterised the Cold War of...
Private Suites in the Skies: Whereas the Recession May Well Have Affected Air Travel, the Luxury End Remains Resilient and Many Airlines Are Adding Extra First-Class Services Putting Extra Pizzazz into Flying
[ILLUSTRATION OMITTED] There was a time, in the early days of commercial flying, when it was perceived as glamorous: Pan Am offered meals catered by Maxim's of Paris and there was live piano music and a bar in the upper echelons of first class....
Sotheby's Islamic Arts Sale Sets New Record: The 16th Century Ottoman Box Was the Star of the Show
[ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] The Sotheby's London spring sale of Islamic Arts is always a red-letter day on the international auction calendar but this year saw an exceptional array of items snapped up by avid collectors from...
The Last Word
[ILLUSTRATION OMITTED] The hung-parliament expected to emerge following the British elections on 6 May is likely to have both direct and indirect effects on the Middle East region. To form a working majority government, 43-year-old Conservative...
The Sport of Kings
THE MEASURE OF A MAN'S WEALTH IS IN THE NUMBER OF toys he owns, the measure of his passion in the quality of such toys--such could be said of the few major players in the rarefied world of thoroughbred horse breeding. Little wonder then that Queen...
This Month in History
1952 On 2 May, BOAC Comet inaugurated the jet age with its maiden flight from London to Johannesburg, carrying 36 passengers. The De Havilland Comet 1 ushered in a new era of faster air travel. The total journey of nearly 7,000 miles took 23 hours...
US-Israel Ties Face a Rocky Road
[ILLUSTRATION OMITTED] IF EVER THERE WAS A "SPECIAL RELAtionship", it was the apparently indissoluble bond between Israel and the US. Whenever former President George W Bush embraced Ariel Sharon or Ehud Olmert, the mutual friendship between the...
Whither the Euro? How Will Financial Developments in Europe Impact upon the Oil-Producing Gulf States Whose Currencies Are Pegged to the US Dollar?
The EU Summit in Brussels at the end of March may have temporarily resolved some of the issues surrounding Greece's huge sovereign debts, but it also exposed the difficulties Eurozone leaders have had in taking timely action on their own. The result:...
World's 50 Most Influential Arabs: The Middle East Presents Its Annual Listing of the Region's 50 Most Influential People. Voted for by a Panel of Readers, Business People, Bankers, Academics, Writers, Artists and Thinkers, the 2010 Listing Brings Together in a Completely Random Listing, Some of the Arab World's Brightest and Best, Men and Women Whose Influence-In One Way or Another-Continues to Shape the Region and the World
[ILLUSTRATION OMITTED] For the second year in succession, the outright winner of our poll is Saudi Arabia's Prince Alwaleed bin Talal bin Abdulaziz Alsaud. This multibillionaire businessman (Forbes recently listed his fortune at $19.4 billion) is...