The Middle East

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It has been a busy period for Air Arabia, and the Sharjah-based, government-owned budget airline has been making headlines recently.
Though concerned about the ongoing threat posed by Chinese and Indian competitors, Turkey's textile manufacturers have some reason to smile, with exports in the second half of 2006 and early 2007 registering something of a pickup.
RasGas, a joint venture between Qatar Petroleum (QP) and the world's biggest oil company, ExxonMobil, will launch its Train 5 liquefied natural gas (LNG) production plant this month.
The construction frenzy witnessed in Dubai and Sharjah has now also reached the Northern Emirate of Ajman.
One of the world's newest airlines, Ras Al Khaimah Airways, is to start operations in May, with the fourth national flag carrier for the United Arab Emirates being part of Ras Al Khaimah's push to develop its tourism industry.
Turkey's Istanbul Stock Exchange has tumbled along with many others since February 27.

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