The Middle East

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The news earlier this week that an agreement had been reached between Qatar and neighbouring Bahrain over the supply of natural gas was welcomed in both countries - although just what reaction Saudi Arabia will have to the announcement remains to be seen.
DUBAI: With the signing on May 3 of an agreement to take Qatari natural gas, Dubai finally laid to rest speculation that negotiations on the $3.5bn Dolphin Project had run into an impasse.
German Chancellor Gerhard Schroeder's two-day visit to Turkey this week served to focus minds on the continuing key role trade between these two long-time allies now plays in both economies.
With its official opening on May 1, the Qatar Financial Centre (QFC) is now waiting to receive requests from international financial institutions and multinationals.
With a string of glowing reports to its credit in recent days, the Turkish economy hasn't had such a good press in years - and the signs are that many foreign investors have certainly noticed.
When Doha's latest five-star hotel opened on April 23, the event caused many in Qatar to reflect on the sector's demand and supply conundrum - a mismatch that saw room prices rise by as much as 40% last year.

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