On June 10, Aluminium Bahrain (Alba) announced it had been granted approval to begin work on a new production line, with the project set to make the plant the world’s largest single-site smelter when completed in 2019.
The Middle East
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Foreign participation in the Qatar Stock Exchange (QSE) is set to rise on the back of technical reforms that have been implemented in the wake of the exchange’s upgrade to emerging market status.
Rising student numbers and a broader range of academic choice are driving expansion in Dubai’s private university system; however, institutions are being forced to tackle issues such as affordable student accommodation to drive further growth.
Efforts by Abu Dhabi to position itself as a leader in the clean energy sector received a boost in early June, when the International Renewable Energy Agency (IRENA) opened its global headquarters in the emirate’s clean tech-focused free zone, Masdar City.
Ras Al Khaimah Free Trade Zone (RAK FTZ) is in the midst of a major expansion, which will see a host of new infrastructure, tenants and specialised facilities spring up in the coming years.
The tourism industry in Turkey could see stormy weather this summer with a sharp slowdown in arrivals from Russia and some European countries, combined with a weaker domestic market due to the sluggish economy.