The Middle East

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Despite difficult conditions in the real estate market following the global economic downturn during 2009 and 2010, Ras Al Khaimah (RAK) has held up relatively well, and a number of developments are being pushed ahead.
Lenders in Bahrain are hoping that the solid rates of growth many banks posted for the first quarter of 2012, coupled with forecasts estimating that the economy should expand between 3.2% and 3.6% this year, mark the beginning of an upward turn for the Kingdom’s banking industry.
The Kuwait Stock Exchange (KSE) is in the midst of what has been described as the largest overhaul of its trading system in almost 20 years, and measures to privatise the bourse, streamline procedures and strengthen transparency all aim to raise the market’s profile and appeal as an investment destination.

Jordan’s mining sector has a promising outlook for the coming year, and not just in the sector’s traditional segments such as phosphate and potash, but in newer areas of extraction as well. As profits for established mining companies grow, so do opportunities in shale oil and uranium extraction.

A determined optimism is pervading Dubai’s markets, with the emirate’s growth set to top many expectations this year. Few would suggest, however, that the emirate is immune from the looming debt crisis in Europe.
Long-regarded as an affordable getaway for European tourists seeking the sun in the coastal resorts of Antalya, Bodrum or Marmaris, Turkey is starting to draw rising numbers of visitors from the Middle East region.

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