Local executives affectionately call him Sheik Mo. From the nickname, you would hardly know that he is the Crown Prince and de facto ruler of Dubai and the man who has directed the tiny emirate's transformation from an ancient Persian Gulf port into a glitzy international hub of spas and skyscrapers--and a beacon of modernity for the Arab world. Sheik Mohammed bin Rashid al Maktoum is building the Singapore of the Middle East, a free port where business and ideas can mix. On behalf of Dubai's ruling al Maktoum clan, Sheik Mohammed, 56, has spurred growth by channeling government funds, providing...
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