The Middle East

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Dubai looks set to enter the first division of world football, with news that the state owned corporation Dubai International Capital (DIC) is closing in on a buyout of English Premier League giant Liverpool.
2006 ended on a high note for Qatar as the host nation of the Asian Games, which wrapped up in mid-December.
2006 was marked by major developments in a wide range of sectors, with a particular focus on industry, real estate and tourism, as the government continues to stimulate strong and sustainable economic growth using the twin pillars of privatisation and diversification.
Although weighing in as a strong developing market with greater economic muscle than the previous year, Turkey was faced with a number of challenges in 2006, some predictable, others less so.
Turkey’s importance as an energy conduit feeding Europe received fresh attention this month as Greek Development Minister Dimitris Sioufas announced that the Greek section of a 285-km Greece-Turkey natural gas pipeline - bringing gas from Azerbaijan through Turkey to Europe - would be running by May 2007.
Earlier this month, the Abu Dhabi Securities Market (ADSM) signed a cross-listing agreement with the Muscat Securities Market (MSM), reflecting its will to attract foreign investors, improve its performance and strengthen its links with regional markets.

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