The Middle East

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On July 11, Turkish Minister of State Ali Babacan held a conference for members of the international press, in which he laid out the government's long-term economic plans and admitted that the country will likely miss its 2006 inflation target of 5%.
The UAE has, over the past few decades, carved a niche for itself in international conference tourism. Although Dubai is normally the emirate in the international spotlight, Sharjah is rapidly making a name for itself in the market.
As the global market for natural gas expands, so too do Qatar's exports - a recent agreement sees the country preparing to supply gas to France and Mexico.
In a move conducive to the wider process of reforming labour regulations, Abu Dhabi's Ministry of Labour announced that it plans to clamp down on construction recruitment agencies in a bid to strengthen the position of labourers in the UAE.
Despite strong expectations that inflation would soar in June on the back of the declining value of the Turkish lira and the tumbling Istanbul Stock Exchange (IMKB), recently-released June figures revealed a lower than anticipated increase in the consumer price index (CPI).
Pressure to meet deadlines is forcing some contractors to ignore health and safety standards, according to recent reports in the Qatari press.

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