The Middle East

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Whilst the ruling Justice and Development Party (AKP) enjoys an impressive record in terms of prudential fiscal management, economists still sweat over an old thorn in the economy's side - the mounting current account deficit.
The sometimes thorny issue of labour relations has been back on the minds of many in Qatar recently, with strikes and calls for reform in the headlines.
With real estate projects continuing to bloom around Abu Dhabi, many in the sector are greatly looking forward to the months ahead, as the recent legal changes allowing foreign ownership are expected to add extra heat to the market.
Whereas in many countries massive construction projects often get tangled up in parliament or meet resistance from local protest groups, Dubai's lack of such practices makes the emirate highly attractive to many international developers.
With the submission period closing early September for the long-anticipated privatisation of Turkey's state petroleum refineries, the sell off looks to be on schedule for an exciting conclusion later this month.
These are exciting times in Turkey in terms of foreign investment and privatisation, as developments in the telcoms sector show.

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