The Middle East

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During a recent trade delegation to Japan, the Abu Dhabi National Oil Co (ADNOC) signed a $3bn loan deal with the Japan Bank for International Cooperation (JBIC).
Not since the beginning of the republic has Turkey's future relied more on making education a priority.
Rumours of an Ajman airport have circulated for some time, but on December 16, the government officially announced at a conference that construction on an international airport in the emirate would begin in 2008.
The world's emerging markets have so far managed to weather the global liquidity crunch and Turkey has proven no exception.
This week, Qatar's telecommunications regulatory body, ictQATAR, announced that Vodafone had won the bid for the second mobile operating licence in the country through a consortium with Qatar Foundation, beating out bids by Argos (Verizon) and Etisalat.
Abu Dhabi is looking to establish a new set of real estate regulations in an effort to clarify its legal framework for investment and attract foreign capital.

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