MIDDLE EAST BUSINESS

The Middle East, especially the oil-rich Gulf, is the world's hottest economic region, shrugging off the economic gloom plaguing much of the rest of the world. Hundreds of billions of dollars in wealth are piling up there each year in countries like Saudi Arabia, the United Arab Emirates, Iran, and Iraq. Money and the Internet are changing the region fast and helping to build huge fortunes and world class companies. But explosive tensions remain over Israel, Iran, Iraq, and the Palestinians.

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