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)

FINANCE - Turkish, Gulf firms invest in hospital

A leading Turkish consultancy and investment company has entered the healthcare sector by investing in Istanbul Cerrahi Hospital in cooperation with a firm from a Gulf state.

The hospital aims to attract patients from the Middle Eastern and Turkic countries who travel to the United States for medical treatment, Bülent Göktuna, the head of Mineks International, said during a press conference yesterday in Istanbul. (source)

CONFERENCE - Istanbul to host 26th session of COMCEC

Turkish President Abdullah Gul would make opening of the session on October 7. 

26th session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of Islamic Conference (OIC) will be held at the Istanbul Congress Center in Istanbul on October 5-8, 2010.

LEGAL - TAHAWWUT MASTER AGREEMENT - ISDA - Islamic derivatives slow to catch on in Gulf states

DUBAI: Islamic derivatives are still struggling to gain traction in the Gulf, six months after the launch of a much-touted over-the-counter contract aimed at creating a standard legal framework for hedging products.

Experts said the contract, known as the Tahawwut Master Agreement, in theory provides Islamic institutions with a simpler template for risk management that has been approved by syariah scholars.