The Middle East

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This year has already been active for the Qatar Investment Authority (QIA), the country's sovereign wealth fund (SWF), with several moves announced for the near future.
Estimates vary but it is certain that small- and medium-sized enterprises account for an enormous amount of the Turkish economy, accounting for between 95% and 99% of Turkish businesses, according to analysts.
The rise in Islamic banking and finance continues as officials from the Doha Securities Market announced plans to allow the first Islamic bonds, sukuk, and exchange-traded funds to list on the local bourse with the aim of attracting more foreign investors.
While hydrocarbons will continue to be used for the foreseeable future, Abu Dhabi is looking to develop new technologies and commercially viable and sustainable energy solutions.
Abdul Razzaq yousuf, CEO of Ras al Khaimah-based Julphar Pharmaceutical Industries, recently reported that shortages of power and water were hindering industrial growth in the emirate.
President Abdullah Gul's visit to Egypt this week drew something of a mixed response from Turkey's business community.

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