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Syria |
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Syrien
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600,000 visitors at 58th Damascus International Fair
The General Establishment for International Expos and Markets announced that the Damascus International Fair achieved overwhelming success. 3,492 companies from 22 Arab and foreign countries participated in the 10-day fair and more than 600,000 visitors were recorded. A third of these companies were foreign. The oldest fair in the region is classified as an economic, cultural and tourist stage, where agreements and contracts are signed and contacts can be established.
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Turkey |
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Türkei
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A positive outlook for the Turkish labour market
Due to an increase in industrial productionand positive economic development, the unemployment rate in Turkey fell to 8.8% inSeptember 2011. In contrast to September2010, when 2.93m people were unemployed, the number decreased to 2.39m inSeptember 2011. This amount reflects thestrength of economic activity in Turkey. Economists are afraid that economic performanceand consumption may slowdown,thus measures have to be taken to preventa renewed rise of unemployment and tomaintain the positive prospects of theTurkish market. For example such measurescould be additional investments in trainingpersonnel thereby improving the skill level of the workforce.
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UAE |
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V.A.E.
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Construction of rail network in Abu Dhabi
A joint venture contract has been signed withItalian firms at the end of October in 2011 toconstruct the first stage of the Abu Dhabi railnetwork. The project aims at connecting AbuDhabi to the other emirates of the country.The USD 11bn project represents a cornerstonein the country’s logistics and industrialdevelopment. Especially the export sectorwill profit from the increasing transport network.Recently, Richard Bowker, CEO of EtihadRail announced that the contracting processesof the second stage will start in several weeks. The second stage of the project willcontribute much to the country’s industrialdevelopment, because it will connect portsto industrial as well as urban centres of thecities of Habshan, Shah and Ruwais. The route between those cities are planned to befinished in 2013.
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Yemen |
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Jemen
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Yemen and GCC pharma market to reach USD 10bn by 2020
Presently with an annual growth rate of 6%, the Yemen and GCC pharmaceutical market is going to expand almost up to two times its current volume within ten years. According to the Gulf Organisation for Industrial Consulting, the market is going to reach USD 10bn from the current USD 6bn. In 2010, the investments of the region already increased to more than USD 800m, providing jobs for 8,000 people. In order to discuss the market’s ambitious goals, the 1st Coordination Meeting for the Pharmaceutical Industry in the GCC & Yemen took place in April of this year. It provided the opportunity for dialogue, the exchange of ideas, and identified the need for establishing a pharmaceutical trade association for Yemen and GCC producers.
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