The Middle East

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While others may have difficulties, Qatar's dynamic retail sector is expected not only to ride out the global economic storm, but to emerge from it on the crest of a wave.
As new regulations are proposed and speculators flee, Abu Dhabi's nascent real estate market is looking increasingly attractive for buyers, benefiting both foreign individuals and companies, as well as the emirate itself.
With most of the emirate's property developments geared to meet the increasing demand for short and long-term accommodation by foreign visitors, RAK's real estate market is likely to remain robust for the next few years.
Qatar's long standing policy of diversifying its economy is bearing fruit, with the country's industries making greater contributions to Gross Domestic Product (GDP), increasing their share of export earnings and offering employment opportunities.
Though many of the world's economies moved into recession in 2008, Qatar utilised its high energy income and massive fiscal reserves throughout the year to maintain growth and economic stability, while at the same time investing for future expansion.
Politically and economically, Turkey had a frustrating year in 2008, with the government's reform programme losing pace as a result of fighting a court battle to avoid removal from office, just as the effects of the global economic crisis began to set in.

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