The Middle East

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The Abu Dhabi Investment Authority (ADIA) recently purchased $7.5bn worth of shares in Citigroup, the US's biggest bank in terms of assets.
Qatar is being pressed from several different angles to drop its currency peg to the dollar. During the recent Gulf Cooperation Council Leaders Summit in Doha, this was a hot topic of debate among global financiers.
Sheikh Humaid bin Rashid Al Nuaimi, the ruler of Ajman, recently ordered a wage increase for all national and non-national government employees in the emirate, part of a federal directive to increase salaries across the United Arab Emirates (UAE).
Market observers have been scrutinising Turkey's rate of inflation of late, and with good reason. They are partially right in concluding the country was wide off its target as inflation reached 8.4% last month.
This week Abu Dhabi Investment House (ADIH) announced a new project to build the first integrated family destination in Qatar, providing places to live, work and play in one location.
Education, development and information technology (IT) go together - a principle Turkey has increasingly voiced over recent years, with IT officially earmarked as a strategic sector of the economy.

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