This article by Australian parliamentarian Michael Danby provides good context to Mahathir's OIC speech. Mahathir is strongly and pragmatically anti-Western as well as anti-Jewish, but realizes the counterproductivity of terrorism and seeks (or seeked) to develop Islamic strength through economic and military power.

This might mean that Thomas Friedman's "The Lexus and the Olive Tree" should join Shimon Peres' "The New Middle East" as one of the most quaintly naive books of the 90s.