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Although weighing in as a strong developing market with greater economic muscle than the previous year, Turkey was faced with a number of challenges in 2006, some predictable, others less so.
Public transportation in Indonesia’s capital was the target of significant overhaul in the past few weeks, with progress logged on several projects aimed at easing congestion in high-traffic city arteries.
Indian consulting and IT giant Satyam Computer Services announced this month that it will create a 2000-seat software engineering centre in Cyberjaya, south of Kuala Lumpur, to provide technological development and software support services to customers in the US, the Middle East and Asia.
Turkey’s importance as an energy conduit feeding Europe received fresh attention this month as Greek Development Minister Dimitris Sioufas announced that the Greek section of a 285-km Greece-Turkey natural gas pipeline - bringing gas from Azerbaijan through Turkey to Europe - would be running by May 2007.
Earlier this month, the Abu Dhabi Securities Market (ADSM) signed a cross-listing agreement with the Muscat Securities Market (MSM), reflecting its will to attract foreign investors, improve its performance and strengthen its links with regional markets.
Taiwan’s memory chip suppliers are expecting strong demand in 2007 following the release of Microsoft’s new operating system, which is seen as a key driver of the market.

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