The Middle East

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Confirmation that Turkey's Constitutional Court will hear a lawsuit aimed at banning the ruling Justice and Development Party (AKP) could have longer term implications for the economy, although at present seasoned observers see the case as - for now - very public verbal fisticuffs.
Though faced with intense competition from regional airlines, Abu-Dhabi-based Etihad Airways announced record first quarter figures, boosting the emirate's fast growing tourism and aviation sector.
Transport infrastructure is the biggest obstacle to development in the United Arab Emirates (UAE), according to a recent study released by the National Bank of Dubai (NBD).
Qatar is stepping up its already extensive investment programme in an effort to get ahead of the country's rapidly increasing demand for electricity and water, while investigating ways to cope with the rising costs associated with increased production.
The proposed 'Union for the Mediterranean', which aims to strengthen ties between the EU and Mediterranean countries in a number of key areas such as energy and security, was approved by EU delegates on March 14 after a two-day summit in Brussels.
On March 18, Abu Dhabi Securities Market (ADSM) announced that it was forging a partnership with NYSE Euronext, the world's largest stock exchange firm, to develop its trading platform and products.

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