The Middle East

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Even the most robust ship can be buffeted by turbulent waters. Analogous to the Turkish economy, economists hope that global market volatility over a US-sparked credit crunch will not turn unbearably sour, triggering greater panic amongst short-term investors.
It has been a mixed week for Qatar's banking sector, with one major takeover being given the initial thumbs up while another finally slipped beneath the waves after weeks of discussion, claims and counter-claims.
Abu Dhabi has embarked on a hard sell promotion campaign to showcase its tourism attractions, seeking to reinforce its presence in existing markets and open up new ones.
Ankara caused indignation in the US and Cyprus this week after solidifying a natural gas agreement with Iran and confirming plans to explore for oil and gas in the eastern Mediterranean.
The ministry of health announced a strategic reform plan for the healthcare sector. The ministry aims to unify healthcare policies across the country and will seek to offer more specialised treatment.
The Textile, Knitting and Clothing Industry Workers' Union of Turkey has been caught in a tussle with the Turkish Textile Employers' Association over wage increases and premiums this week.

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