Even Bible Prophecy teachers who know that Jesus is coming soon and the many prophecies of the end times will be fulfilled, don’t necessarily agree with one another on this one...
There was an interesting program from David Reagan’s ministry, Lamb and Lion Ministries (out of McKinney, Texas, just north of Dallas) — about this subject of Babylon, actually, more to the point, where will the Antichrist’s headquarters be.
You might take a look at it, as it involved interviewing many different prophecy teachers about this subject...
http://www.lamblion.com/television/programs_pretrib14.php
Things are beginning to happen with an area of the world that been forgotten and ignored for a long, long time. And I'm positive that it's not coincidental that God said that Babylon would be rebuilt and be a major center of commerce during the Tribulation.
As an aside, a friend of my son's who had served over in Iraq was home about a year ago and, in the middle of a picnic, stood up and told the people there that they better make sure they're saved, because things are beginning to happen with Babylon. He would say no more about it, but I thought it was rather odd.