Property Investment Opportunities in the Middle East

A recent survey conducted this past September (2008) showed that property investment opportunities in the Middle East are expected to outnumber and outperform all other property markets for the next 2 to 3 years. According to the Jones, Lang, and LaSalle survey, the market will remain bullish on Middle Eastern property investments with Saudi Arabia and the United Arab Emirates being the top performers.

Interestingly enough, there is not a consensus of opinion and some market analysts do not share the survey firm’s enthusiasm

Jewish extremists attempt pogrom against Arabs in Akka…

From Khalid Amayreh in Occupied East Jerusalem
9 October, 2008
Hundreds of religious Jewish extremists and hooligans laid siege to and assaulted an Arab family home in downtown Akka Wednesday night, triggering widespread riots in the mixed Arab-Jewish coastal city in northern Palestine/Israel. The Jews accused the Arab family of “violating the sanctity of Yom Kippur” by way of driving their car. Eyewitnesses and police sources reported that dozens of vehicles and businesses were damaged after police forces violently repressed hundreds of local Arab youths who had attempted to free the besieged Arab family.

Turkey says it will push ahead with Iran gas deal

IRAN. Turkey’s Energy Minister said yesterday the country would push ahead with a planned deal to produce and export gas from neighbouring Iran, saying cancellation of the deal was “out of the question”. Turkey and Iran failed to conclude expected energy accords during a visit by Iranian President Mahmoud Ahmadinejad to Turkey in August. The US, which is seeking to isolate Tehran over it nuclear programme, opposes the plan. “It is of the question that the natural gas deal with Iran will be suspended. I will go to Tehran to sign when the text of the deal is ready,” Hilmi Guler said.
Under the deal, Turkey’s state-owned petroleum company TPAO will explore in Iran’s South Pars field and gas will be piped to Turkey for consumption or re-export to European markets.