The Middle East

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Although life is tough for Gulf contractors during these times of global economic hardship, they can take solace from Abu Dhabi's strong economic fundamentals, which ensure the continuation of ongoing projects as well as a raft of state-backed developments.
Qatar's financial sector appears to be well placed to ride out the global economic downturn, thanks to a combination of factors, including the sound state of the country's economy, prompt intervention by the state to support local banks and solid levels of liquidity.
Though international oil and gas prices have fallen steeply resulting in the economies of many countries in the Middle East facing negative growth and large-scale cut backs in energy projects, Qatar stands out as an exception.
Plans by the government of Ras Al Khaimah (RAK) to bolster the emirate's infrastructure in order to support a more diverse and expanded economy are on track, in more ways than one.
Having successfully developed its reputation as one of the leading locations for business and events tourism in the region, Abu Dhabi is now stepping up its game in order to compete on a global scale, and in a manner that is in line with its economic vision.
Qatar is taking health care to a new level, going beyond merely providing medical services to its people and moving towards positioning the country as a centre of research and development, a move that could bolster the health of the economy as well as the nation.

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