I don't think there are any world-class datacenter in Middle East. (I can be wrong) but since you are in the Middle East, you are free to choose from datacenter in 3 continents:
Connectivity wise, either 3 won't make much difference for you guys.
SecureAX Singapore - Virtualization, Private Cloud Computing & Managed Datacenter in Singapore
- Managed Virtual Private Servers, Dedicated Servers & Colocation Services in Singapore
- Gigabit backbone at Equinix Singapore, M1 & Telin Datacenters with Private Link for Disaster Recovery setup
beeing in bahrain forget of getting a server in IL there is no direct rout to IL from bahrain the submarin cable you have FOG move from kuwait - bahrain - qatar - fujaira - ends up to jedda which goes to eygpt. so the actual route you will get to IL is from france then there is no use if you were looking for ping.
dubai since you are on the same FOG (fiber optic gulf) then it will be faster you will get a good ping from there but you wont be able even to comapre it to any price you get in US.
i have seen some pings and trace route from bahrain it self as well. which means there might be some servers but again you guys up there have a problem with high cost bandwidth like UK so you wont get it cheap.
if am not mistaken you are lookin for a game server.
but if that is not the case then i cant see any real point looking for a server in that area. unless you lease a line your self and run your own server.