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Banks may have to adopt a policy of caution over the coming months, waiting to see how the dust settles from Egypt’s long-running political turmoil and how the installation of Mohammed Morsi as head of state will affect the economy and their business.
A shift in the economic growth model is nowhere more apparent than in the fast emerging economies of South-east Asia. Once heavily dependent on exports to advanced markets, the countries of the ASEAN region are focusing on regional trade and investment opportunities.
The government is placing renewed attention on tackling the housing deficit, with an emphasis on private sector investment, better urban planning and more low-cost homes. Two recently launched projects that dovetail with these aims could point the way for construction development.
New corporate governance rules announced by the Central Bank of Kuwait (CBK) in June should continue to strengthen the banking sector and address issues that have been attributed to a weak corporate governance framework.
As the Sultanate forges ahead with plans to improve air and road transport links with its neighbours as part of plans for regional growth, officials say the Sultanate’s domestic network is in equal need of attention.
Faced with rising energy consumption, Turkey’s government has moved to meet growing demand by sealing a key gas pipeline deal with neighbouring Azerbaijan and stepping up efforts to diversify its power sources away from hydrocarbons imports.

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