The Middle East

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The Ankara government has played down forecasts by the Organisation for Economic Cooperation and Development (OECD) and decisions of some ratings agencies to lower their expectations for the Turkish economy this year, saying recent reports did not take into account a number of favourable factors that will fuel growth.

Jordan’s economy appears to be back on track following multiple external shocks since late 2008, and, while growth remained relatively sluggish at 2.8% in 2013, many analysts predict an average of 4% or higher in the coming years.

Rising demand for electricity has prompted Kuwait to sign three multi-billion-dollar deals aimed at significantly boosting the country’s gas imports.
The deep pre-Khuff formation off Qatar’s coast has become the focus of major test drilling and survey work, as energy firms step up their gas exploration efforts.
A two-pronged drive to tackle the rise of lifestyle diseases in Oman and broaden the range of medical facilities available locally has put the country’s health care services on course for rapid growth.
Bahrain beat GDP growth expectations in 2013 and is poised to keep pace with its larger regional neighbours this year, according to a recent report from the country’s Economic Development Board (EDB).

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