Well that was expected.
The New York Times website and the International Herald Tribune are reporting that the Middle East "is on the cusp of creating its own Silicon Valley experience."
The story, "Entrepreneurial Spirit Awaits Its Moment in the Middle East" by Dania Saadi, states that "International investor interest in start-ups in the Middle East came to the fore in 2009 when Yahoo spent $164 million to buy Maktoob.com, an Arabic content portal based in Jordan."
This is exciting news. Maybe one day the Middle East will resemble the geographic region where Israel can be found.