CAPITAL MARKETS - Turkey works on issuing rent certificate: deputy PM

www.worldbulletin.net  - "We hope to make the legal arrangement and issue the first certificate within this year," Babacan said during First Business Forum of Turkey-Cooperation Council for the Arab States of the Gulf in Istanbul.

Turkey's deputy prime minister said on Tuesday that Turkey was working on a more flexible legal arrangement that would enable foreigners to purchase real estate in the country.

Ali Babacan said that Turkish Treasury was working on issuing a rent certificate,.  (source)

ECONOMY - Arab economies face import onslaught

ANKARA: Turkey and its Arab neighbors are due to enter into a free-trade area (FTA) agreement early next year, a pact both sides see as politically beneficial. But closer trade ties have already begun causing economic disruptions in Syria and could threaten the other Arab partners as Turkey's industrial juggernaut gains freer access to their markets.

Since the two sides have eased trade barriers, including a bilateral FTA signed in 2005, Syria has been hit by an onslaught of exports from neighboring Turkey. Turkish exports to Syria have quadrupled in the five years and in 2009, Syria ran a $756 million trade deficit with Turkey.