<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Finance &amp; Banking</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[Emirates NBD Business Banking sponsors TECOM SME Builder]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=45027</link>
<description><![CDATA[UAE. Emirates NBD has announced today that it is serving as the key sponsor of TECOM SME Builder 2010, the ideal platform for professionals to upgrade entrepreneurial skills through networking.]]></description>
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<title><![CDATA[MENA equity markets rebound 4.9% in February]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=45012</link>
<description><![CDATA[INTERNATIONAL.The top performer was the Kuwaiti Stock Exchange which gained 5.0%. 
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<title><![CDATA[Fitch affirms National Bank of Abu Dhabi at &#039;AA-&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=45003</link>
<description><![CDATA[UAE. The affirmation of NBAD&#039;s IDRs and support Rating reflect the extremely high probability of support from the government of Abu Dhabi (&#039;AA&#039;/Stable Outlook/&#039;F1+&#039;).]]></description>
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<title><![CDATA[Emirates NBD launches its new suite of Visa Debit Cards]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44894</link>
<description><![CDATA[UAE. The new Emirates NBD Visa Debit Card comes equipped with the latest in card technology with the new generation of CHIP cards. ]]></description>
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<title><![CDATA[Dubai Financial Services Authority launches electronic Islamic finance handbooks ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=45014</link>
<description><![CDATA[UAE. The DFSA has launched a series of electronic Islamic finance tailored handbooks, designed to help firms undertaking Islamic finance activities in the Dubai International Financial Centre.

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<title><![CDATA[Al Ansari Exchange joins SWIFT community ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44974</link>
<description><![CDATA[INTERNATIONAL. Membership enables top exchange house to send and receive payment instructions, advice of payments and treasury confirmations more securely.]]></description>
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<title><![CDATA[Fitch affirms Commercial Bank of Qatar at &#039;A&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=45001</link>
<description><![CDATA[QATAR. Fitch Ratings has affirmed the CBQ long-term IDR at &#039;A&#039;, short-term IDR at &#039;F1&#039;, individual rating at &#039;C&#039; and support rating at &#039;1&#039;. The Support Rating Floor is affirmed at &#039;A&#039;. Outlook is Stable.]]></description>
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<title><![CDATA[Jim Rogers is long the Euro, maintains US$2,000 gold target]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44959</link>
<description><![CDATA[INTERNATIONAL. Jim Rogers said he is long the Euro because &#039;whenever there&#039;s been a huge short position in anything, it&#039;s sometimes profitable to go to the other side.&#039;
]]></description>
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<title><![CDATA[Emirates NBD holds community event at The Residences branch ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44920</link>
<description><![CDATA[UAE. The event enabled local residents and retailers to meet the manager of the branch, as well as other representatives from Emirates NBD.]]></description>
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<title><![CDATA[KPMG signs on as CFO strategies Saudi&#039;s platinum sponsor]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44980</link>
<description><![CDATA[SAUDI ARABIA. KPMG has confirmed that it will support this year&#039;s CFO Strategies Saudi 2010 forum as platinum sponsor, citing the forum&#039;s strategic agenda as the reason for its confirmation.
]]></description>
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<title><![CDATA[Dar Al-Arkan successfully redeems US$600 million inaugural sukuk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44993</link>
<description><![CDATA[INTERNATIONAL. Issued by DAAR International Sukuk Company, the landmark 3-year US$600 million issue marked the first Sukuk to be issued by a Saudi company in the international capital markets. 
]]></description>
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<title><![CDATA[Abu Dhabi foreign trade rises 9% in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44986</link>
<description><![CDATA[UAE. Director General of Abu Dhabi Customs pointed out that Abu Dhabi&#039;s volume of foreign trade grew despite global economic challenges.]]></description>
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<title><![CDATA[Abu Dhabi Islamic Bank provides US$81.7 million finance facility to Al Dhafra Cooperative Society]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44971</link>
<description><![CDATA[UAE. Mohammed Khalifa Al Hamli stressed that Al Dhafra Society is committed to support the development of the Western Region, in addition to providing programs and plans that benefit the residents of the region.]]></description>
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<title><![CDATA[Hedge Funds World Middle East Awards select winners from across the region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44966</link>
<description><![CDATA[UAE. Four months of intense competition, careful selection by an independent panel of judges culminated on 1 March in the announcement of winners of the 2010 Hedge Funds World Middle East Awards.]]></description>
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<title><![CDATA[Dubai World creditors divided over reported deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44957</link>
<description><![CDATA[UAE. Hopes of progress this week on Dubai World&#039;s US$26 billion debt restructuring lifted stocks and eased fears of default, but potential divisions emerged among creditors to the state-owned conglomerate.]]></description>
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<title><![CDATA[GCC companies can save US$2.3 billion with strategic sourcing, says AT Kearney]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44943</link>
<description><![CDATA[INTERNATIONAL. The research shows ways for major GCC companies to save on spend by creating transparency and reviewing what is bought, to maximise their purchasing power. ]]></description>
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<title><![CDATA[Fitch affirms Saudi-based Bank Aljazira at &#039;A-&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44950</link>
<description><![CDATA[SAUDI ARABIA. Fitch Ratings has today affirmed  Bank Aljazira&#039;s  Long-term Issuer Default Rating (IDR) at &#039;A-&#039; with a stable outlook, whilst affirming the bank&#039;s Short-term IDR at &#039;F2&#039;.]]></description>
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<title><![CDATA[Gold has not peaked as &#039;Mr. Inflation&#039; forces investors to &#039;take on risk&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44956</link>
<description><![CDATA[INTERNATIONAL. Current Fed chairman Ben Bernanke recently featured on the front-cover of Germany&#039;s Focus magazine, the country&#039;s third biggest weekly, above the headline &quot;Mr. Inflation.&quot;

]]></description>
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<title><![CDATA[Dubai stocks climb 1.7% on Dubai World rollover plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44953</link>
<description><![CDATA[UAE. Dubai shares rose to the highest in more than three weeks after bankers said Dubai World will ask lenders to roll over loans when it presents a proposal to creditors this month.

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<title><![CDATA[RAK Free Trade Zone grows 11% in 2009 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44949</link>
<description><![CDATA[UAE. Ras Al Khaimah FTZ forged on and emerged ahead of its game, joining the ranks of top-performing free zones in rebuilding confidence in the world economy.
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<title><![CDATA[Delegation of American Chamber of Commerce Executives visit the Dubai International Financial Centre]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44942</link>
<description><![CDATA[UAE. Dubai Chamber of Commerce &amp; Industry to promote Dubai as an international business hub.]]></description>
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<title><![CDATA[Bank of Sharjah approves distribution of 12% cash dividends &amp; 5% bonus issue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44930</link>
<description><![CDATA[UAE. The Ordinary General Assembly of the Shareholders of Bank of Sharjah approves during its 36th annual meeting, the proposal of the Board of Directors to distribute 12% cash dividend equivalent to US$65.40 million and 5% bonus issue equivalent to US$27.25 million.]]></description>
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<title><![CDATA[National Bonds outsources SWIFT connectivity to EastNets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44933</link>
<description><![CDATA[INTERNATIONAL. National Bonds Corporationhas outsourced its SWIFT connectivity to EastNets, providing customers an easier, faster and more convenient way to save their money, from anywhere in the world.]]></description>
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<title><![CDATA[Bank of Sharjah, BNP Parisbas plan private banking joint venture]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44926</link>
<description><![CDATA[UAE. Bank of Sharjah plans to join forces with BNP Paribas to tap the fast-growing Middle-Eastern market for high net worth individuals.]]></description>
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<title><![CDATA[Standard Chartered offers mortgage facility in Oman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44916</link>
<description><![CDATA[OMAN. Standard Chartered has for the first time in Oman introduced a complete mortgage solution, targeted at residential owners. It complements Standard Chartered&#039;s current array of retail finance products. 
]]></description>
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<title><![CDATA[Dubai Financial Services Authority  signs Memorandum of Understanding with French Markets Authority ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44923</link>
<description><![CDATA[UAE. The signing took place between Paul Koster, Chief Executive of the DFSA, and M Jean-Pierre Jouyet, Chairman of the AMF.]]></description>
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<title><![CDATA[Gold is only store of value that stands test of time, says James West]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44889</link>
<description><![CDATA[INTERNATIONAL. There hasn&#039;t  been one currency in the form of paper or coin, not actually made of gold or represented by a deposit of gold, that has lasted more than 100 years as a global standard.
]]></description>
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<title><![CDATA[Dubai records US$29 billion gold trade value in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44915</link>
<description><![CDATA[UAE. For the 12 months ending 31 December 2009, a total of 576 tonnes of gold was imported into Dubai, compared to 674 tonnes in the previous year, a decline of 15%.]]></description>
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<title><![CDATA[SHUAA appoints Head of Asset Management]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44903</link>
<description><![CDATA[SAUDI ARABIA. Bargouti joins SHUAA from Samba Capital in Riyadh where he held the position of Head of Asset Management.

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<title><![CDATA[Citadel Capital hires industry expert as Chief Executive Officer ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44914</link>
<description><![CDATA[INTERNATIONAL. Citadel Capital has announced the appointment of City of London investor Amr Seif as Chief Executive Officer of Finance Unlimited, its platform investment in the regional financial services industry. 
]]></description>
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<title><![CDATA[Middle East investors expect to increase allocations to hedge funds in 2010 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44909</link>
<description><![CDATA[INTERNATIONAL. Capintro releases results of the second regional Hedge Fund Investor Survey 2010. The survey covers 66 investors from the six GCC countries, Lebanon and Jordan, showed several interesting findings.]]></description>
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<title><![CDATA[Abu Dhabi Islamic Bank opens new branch at &#039;The Dubai Mall&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44908</link>
<description><![CDATA[UAE. This new branch furthers that bank&#039;s expansion plan and is in line with its strategy to strengthen its physical presence and services outreach within the UAE.]]></description>
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<title><![CDATA[DP World plans London listing, aims to join FTSE 100]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44907</link>
<description><![CDATA[UAE. DP World is examining a strategy to place new shares with a simultaneous rights issue and a sale of some of the controlling 77% stake held by its parent company, Dubai World.]]></description>
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<title><![CDATA[DIB wins Best Investment Bank &amp; Best CSR Program at Middle East Banking Awards]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44898</link>
<description><![CDATA[Dubai Islamic Bank was named &#039;Best Investment Bank&#039; in the UAE by emeafinance, a leading international publication focused on financial markets in the Europe, Middle East and Africa regions. 
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<title><![CDATA[Emirates NBD offers discounts at 50 top Abu Dhabi restaurants 

]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44789</link>
<description><![CDATA[UAE. Emirates NBD has announced the launch of a special year-long offer for its cardholders, providing them with significant discounts at 50 leading restaurants in the UAE capital.

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<title><![CDATA[Saudi stocks higher, led by Sabic and banks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44891</link>
<description><![CDATA[SAUDI ARABIA. Saudi stocks ended up nearly one per cent, led higher by heavyweights Saudi Basic Industries Corporation (Sabic) and Al Rajhi Bank.]]></description>
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<title><![CDATA[Customers maintain loyalty to banks despite low trust in sector]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44890</link>
<description><![CDATA[INTERNATIONAL. The Synovate survey covered 29 international and 211 local banks in 13 countries. The findings also revealed that in most markets, people&#039;s first preference is to seek financial advice from family members rather than turning to banks or financial institutions.]]></description>
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<title><![CDATA[How much more abuse can cash savers take before they flee into gold bullion...?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44887</link>
<description><![CDATA[INTERNATIONAL. If I give you a US$1 million you don&#039;t get any interest on your deposit at the present time. So by holding interest rates at zero I essentially force you to speculate, says Marc faber,]]></description>
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<title><![CDATA[Gold building base &#039;to test new highs later this year&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44885</link>
<description><![CDATA[INTERNATIONAL. Spot gold closed slightly higher Friday at US$1,134 before dipping to US$1,130 per ounce  but nearing new record-high weekly closes for UK and Euro investors.]]></description>
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<title><![CDATA[Abu Dhabi Government reaffirms sovereign support for its state-owned enterprises]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44883</link>
<description><![CDATA[UAE. &#039;We obviously disagree with the reasoning involved in a number of Moody&#039;s decisions, especially those  concerning TDIC, Mubadala, and IPIC ,&quot; the Department of Finance said.]]></description>
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<title><![CDATA[Egypt plans to sell up to US$1.5 billion Eurobonds, says Finance Minister]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44881</link>
<description><![CDATA[EGYPT. Youssef Boutros-Ghali said the ministry plans to &#039;access the market&#039; for between US$1-US$1.5 billion in the next six to eight weeks, taking advantage of a drop in borrowing costs in the past year.]]></description>
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<title><![CDATA[&#039;Buy some gold every month&#039; as protection against falling currencies, says Marc Faber]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44879</link>
<description><![CDATA[INTERNATIONAL. As gold&#039;s supply can not be increased at the same rate as you can print money, Faber recommends everybody should buy some gold every month &quot;forever&quot;.]]></description>
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<title><![CDATA[Qatar Financial Centre Authority stages major international insurance conference]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44847</link>
<description><![CDATA[QATAR. The Qatar Financial Centre Authority is to host the fourth MultaQa Qatar conference on 6-8th March in Doha, Qatar. ]]></description>
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<title><![CDATA[Moody&#039;s downgrades Abu Dhabi government-related issuers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44875</link>
<description><![CDATA[UAE. Moody&#039;s Investors Service has today taken a number of rating actions on its seven government-related issuers owned by the Abu Dhabi and UAE governments.]]></description>
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<title><![CDATA[DP World gets &#039;buy&#039; recommendation from EFG-Hermes, lifts Dubai stocks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44877</link>
<description><![CDATA[UAE. DP World was rated &#039;buy&#039; in new coverage at EFG- Hermes on the ports operator&#039;s prospects after parent company Dubai World reaches an agreement with creditors.
]]></description>
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<title><![CDATA[Gold hits Asian selling ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44876</link>
<description><![CDATA[INTERNATIONAL. Long liquidation and physical selling in gold and silver was evident in Asian trade, a Hong Kong dealer said, &quot;a disappointing performance after [Wednesday&#039;s] rally in New York.&quot;
]]></description>
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<title><![CDATA[Dubai Financial Market adopts a modified Tick Size ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44873</link>
<description><![CDATA[UAE. DFM announced today that it will adopt a modified Tick Size system that allows buy/sell orders up to three decimal fractions for securities. ]]></description>
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<title><![CDATA[Gold looking good; Silver even better, says Brien Lundin]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44854</link>
<description><![CDATA[INTERNATIONAL. The gold rally that began last fall and drove gold through the US$1,200 resistance level in late November doesn&#039;t seem to be panning out the way the rallies of 2005 and 2007 did. ]]></description>
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<title><![CDATA[Istithmar hands over prime New York Times Square property to Danske Bank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44865</link>
<description><![CDATA[UAE. Istithmar bought the building, formerly known as the Knickerbocker Hotel, for US$300 million in June 2006.]]></description>
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<title><![CDATA[Dubai Gold &amp; Commodities Exchange volume up 146% in February ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44859</link>
<description><![CDATA[UAE. Volume on the DGCX gathered strong momentum in February, increasing 146% year-on-year to reach 179,278 contracts, valued at US$10.7 billion.  

]]></description>
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<title><![CDATA[Dubai Mercantile Exchange hits new records ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44851</link>
<description><![CDATA[UAE. The DME announced today that a new record total open interest of 19,867 was achieved in its flagship DME Oman crude oil futures contract in February 2010. ]]></description>
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<title><![CDATA[Bahrain&#039;s Gulf Finance House raised to &#039;CCC-/C&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44842</link>
<description><![CDATA[BAHRAIN. Standard &amp; Poor&#039;s Ratings Services  yesterday said it raised its long- and short-term counterparty credit ratings on Bahrain-based Gulf Finance House GSC to &#039;CCC-/C&#039; from &#039;SD/SD&#039;. The outlook is negative.]]></description>
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<title><![CDATA[SHUAA GCC Investor Confidence Index slips 7.8% in February]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44830</link>
<description><![CDATA[UAE. After December&#039;s significant second half gains which followed the announcement to repay the Nakheel &#039;09 Sukuk in full, the GCC Index has now recorded two months of consecutive declines, with the Index reading 105.6 points. ]]></description>
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<title><![CDATA[DMCC Executive Chairman receives &#039;Middle East Investor Award&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44831</link>
<description><![CDATA[UAE. In recognition of the outstanding performance of DMCC&#039;s Dubai Shariah Asset Management DMCCA Executive Chairman was presented with the &#039;Middle East Investor Award&#039; by the Hedge Funds World Middle East Conference 2010. 

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<title><![CDATA[Gold extends &#039;aggressive rally&#039; as Euro bounces on Greek austerity plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44840</link>
<description><![CDATA[INTERNATIONAL. Gold rose further on Wednesday morning in London, extending what one dealer calls Tuesday&#039;s &#039;aggressive rally&#039; as stock markets and commodity prices held flat.]]></description>
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<title><![CDATA[Emirates NBD Business Banking sponsors &#039;Why Personal Branding&#039; seminar ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44837</link>
<description><![CDATA[UAE. Emirates NBD Business Banking&#039;s sponsorship of this one-time event comes in line with its commitment to supporting the growth of the SME sector in the UAE and wider region.]]></description>
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<title><![CDATA[Standard Chartered 2009 operating profit climbs 13% to US$5.15 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44828</link>
<description><![CDATA[INTERNATIONAL. Strong business momentum delivers seventh successive year of record income and profit.

]]></description>
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<title><![CDATA[British Pound on track for breaking US$1.40 target ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44823</link>
<description><![CDATA[INTERNATIONAL. The facts are far more serious and lie at the heart of the crisis that faces Britain: an out of control inflationary debt spiral that seeks to steal the value of all existing holders of fiat currencies such as the British Pound.]]></description>
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<title><![CDATA[HSBC reports loss in the UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44822</link>
<description><![CDATA[UAE. HSBC had an annual loss before tax of US$3 million in the UAE, compared with a US$861 million pre-tax profit in the previous year.]]></description>
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<title><![CDATA[Dubai Financial Market posts net profit of US$94.4 million in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44811</link>
<description><![CDATA[UAE. DFM has announced its results for the financial year ending 31 December 2009. The Company recorded a net profit of US$94.4  million for the year 2009, compared to US$164.8 million in 2008.

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<title><![CDATA[Khaleeji Commercial Bank announces the distribution of 10% dividends, to expand branch network]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44785</link>
<description><![CDATA[BAHRAIN. The EGM approved the increase of the paid up capital of the Bank by 104,923,735 additional shares as a result of the bonus shares and authorised the management to take necessary action to effect the increase  in Capital and amend the Articles of Association. ]]></description>
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<title><![CDATA[Deloitte receives 2010 Best Consulting Firm of the Year Award]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44805</link>
<description><![CDATA[QATAR. The award ceremony took place as part of the 4th Annual GCC Regulators Summit, held in Doha on 22-23 February 2010.  

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<title><![CDATA[Complinet and the Institute of Banking in Saudi Arabia announce 2nd Annual Compliance and Anti-Money Laundering Seminar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44799</link>
<description><![CDATA[SAUDI ARABIA. The seminar will provide exposure to regulatory challenges &amp; objectives, recent international developments in anti money laundering, and new models &amp; challenges in corporate governance and compliance. 
]]></description>
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<title><![CDATA[Outlook for insurance sector growth in region strong]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44786</link>
<description><![CDATA[INTERNATIONAL. Deep structural changes and changing attitudes toward risk are driving long-term growth in the insurance sector within the Middle East and North Africa region, said Governor of the Dubai International Financial Centre.]]></description>
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<title><![CDATA[Dubai Gold &amp; Commodities Exchange volume hits all time high on 1 March ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44787</link>
<description><![CDATA[UAE. The DGCX today announced that it recorded its highest ever daily volume on 1 March, trading 19,255 contracts at a record notional value of US$1.27 billion.]]></description>
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<title><![CDATA[Islamic Fund Managers to discuss industry challenges in Dubai]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44783</link>
<description><![CDATA[UAE. Amanie to partner in Symposium and Annual Islamic Fund Awards for industry managing US$35 billion across 555 funds worldwide.]]></description>
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<title><![CDATA[Gold hits new British Pound record, correlation with Euro turns negative]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44769</link>
<description><![CDATA[INTERNATIONAL. The wholesale price of physical gold bullion ticked lower Monday lunchtime in London after recording its best Gold Fix in a week for US holders and hitting new all-time highs for UK investors.

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<title><![CDATA[Marc Faber, George Soros agree gold prices set to rise]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44770</link>
<description><![CDATA[INTERNATIONAL. The gold bulls and those who think the metal is an &#039;ultimate bubble&#039; may actually be more in agreement than they let us believe.]]></description>
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<title><![CDATA[LG introduces new side-by-side refrigerator ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44763</link>
<description><![CDATA[INTERNATIONAL. LG Electronics introduces its new side-by-side refrigerator which is specifically designed for large capacity storage and top-level energy efficiency]]></description>
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<title><![CDATA[Mashreq Gold opens first dedicated centre in Abu Dhabi]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44759</link>
<description><![CDATA[UAE. The centre was inaugurated by Ali Moosa, retail head, Abu Dhabi &amp; Al Ain Mashreq.]]></description>
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<title><![CDATA[EIAST sponsors World Space Risk Forum 2010 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44756</link>
<description><![CDATA[UAE. This is part of strategic direction of EIAST to promote the space industry in the United Arab Emirates.

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<title><![CDATA[Positive returns for funds in GCC in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44752</link>
<description><![CDATA[INTERNATIONAL. The latest Fund Market Insight Report from Lipper the GCC countries reveals that all 69 Lipper equity categories posted positive annual performances for 2009.]]></description>
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<title><![CDATA[Gulf states should drop Dollar peg, says head of currency hedge fund]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44740</link>
<description><![CDATA[UAE. The policy of pegging to the dollar makes Gulf countries vulnerable to US shocks, John Taylor, who oversees the world&#039;s largest currency hedge fund, said in a speech in Dubai today.]]></description>
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<title><![CDATA[Noor Islamic Bank launches UAE&#039;s first Arabic mobile Internet banking service]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44738</link>
<description><![CDATA[UAE. Bank takes lead in providing convenient, bank-in-your-palm, 24 hour banking services on any make of mobile phone
]]></description>
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<title><![CDATA[Abu Dhabi Finance announces record low interest rates starting from 5.75% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44726</link>
<description><![CDATA[UAE. Abu Dhabi Finance has announced the introduction of its new pricing, which will see interest rates starting from an unprecedented 5.75% to 8.5%.]]></description>
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<title><![CDATA[DIFC holds workshop on prospects for IPOs and M&amp;As in MENA region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44728</link>
<description><![CDATA[UAE. The eighth event in the DIFC Economics Workshop series to discuss how recent signs of economic recovery are driving renewed interest in new listings and mergers and acquisitions.]]></description>
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<title><![CDATA[The Nielsen company reports full year 2009 results]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44729</link>
<description><![CDATA[INTERNATIONAL. Reported revenues for the year ended 31 December 2009 were US$4,808 million, flat with the reported revenues for the year ended 31 December 2008 of US$4,806 million. 

]]></description>
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<title><![CDATA[Emirates NBD provides free telegraphic bank transfers to online banking customers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44719</link>
<description><![CDATA[UAE. The promotion will run from 1 March 30 April 2010, and is valid for all local and international bank transfers that are conducted via BankNet, Emirates NBD&#039;s comprehensive online banking system.]]></description>
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<title><![CDATA[National Bonds distributed 3.54% profit rate for 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44718</link>
<description><![CDATA[UAE. The 2009 annual profit rate reflects remarkable growth achieved by National Bonds Corporation during a very challenging year and brings down the curtain on a third successful year. ]]></description>
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<title><![CDATA[Sovereign Fund Fondul Proprietatea appoints investment manager]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44722</link>
<description><![CDATA[INTERNATIONAL. Franklin Templeton Investments recently completed the signing of the investment management agreement, appointing it as investment manager of the Fondul Proprietatea Romanian equity assets.]]></description>
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<title><![CDATA[In the grips of a currency crisis there&#039;s none better than gold, says David Morgan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44697</link>
<description><![CDATA[INTERNATIONAL. However the evolving global currency crisis ultimately manifests itself, either total deflation and a debt-liquidating depression or a hyperinflationary blow-off, David Morgan says &#039;there&#039;s none better than gold, if you&#039;re worried about a crisis hedge.&#039;]]></description>
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<title><![CDATA[UAE may take further measures to boost bank lending]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44720</link>
<description><![CDATA[UAE. The UAE may take steps to boost bank credit, as a slowdown in lending and a surge in interest rates threaten to stall the country&#039;s recovery.]]></description>
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<title><![CDATA[Dubai Bank awarded ISO 9001 certification]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44716</link>
<description><![CDATA[UAE.  Dubai Bank has announced that it has been awarded the coveted ISO 9001:2008 status for its card operations across the UAE.  ]]></description>
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<title><![CDATA[Arabtec extends due diligence for Aabar merger]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44709</link>
<description><![CDATA[UAE. Due diligence has been extended to April 16, in a move that will encourage investors that the deal will progress.
]]></description>
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<title><![CDATA[Emirates NBD extends opening hours of two more branches in Abu Dhabi]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44702</link>
<description><![CDATA[UAE.  Emirates NBD announced today that two further branches have extended their opening hours in the nation&#039;s capital. ]]></description>
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<title><![CDATA[Abu Dhabi Islamic Bank  Emiratisation rate jumps to 40%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44699</link>
<description><![CDATA[UAE. ADIB increased its Emiratisation rate to 40% in 2009 compared to 31.5% in 2008 after recruiting a large number of UAE Nationals in 2009 bringing up the total number of Emiratis as bank staff to 570. ]]></description>
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<title><![CDATA[IMF sets out renewed vision for 21st century, says new reserve currency may one day replace Dollar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44694</link>
<description><![CDATA[INTERNATIONAL.  Having several suppliers of reserve assets would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.]]></description>
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<title><![CDATA[Lower Middle East scrap gold volumes expected in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44682</link>
<description><![CDATA[INTERNATIONAL. In Dubai alone, scrap gold volumes are expected to meet the market&#039;s physical gold demand for the coming 3-6 months. There is still enough scrap to meet the very weak demand.]]></description>
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<title><![CDATA[Jim Rogers denies British Pound &#039;collapse within weeks&#039; remarks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44681</link>
<description><![CDATA[INTERNATIONAL. The quotes attributed to Jim Rogers, including the one that the pound could collapse within weeks, were issued by Vince Stanzione prematurely, without the approval of Rogers. ]]></description>
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<title><![CDATA[Gold closes February higher]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44687</link>
<description><![CDATA[INTERNATIONAL. The wholsale price of gold in Dollars closed February some 3% above January&#039;s, confirming the last 10 year&#039;s pattern of never falling for more than two months running.

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<title><![CDATA[Standard Chartered plans Islamic hedging in commodities ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44676</link>
<description><![CDATA[INTERNATIONAL. The derivatives are &#039;part of the development of the industry, where we have moved from selling individual products to servicing the comprehensive needs of the customer,&#039; the bank said.]]></description>
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<title><![CDATA[Long-term rating on UAE&#039;s National Central Cooling lowered to &#039;CCC+&#039; due to weak liquidity]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44678</link>
<description><![CDATA[INTERNATIONAL. We take this view despite our understanding that a 16.7%-owner of Tabreed, Mubadala Development, itself an entity wholly owned by the government of Abu Dhabi, continues to have significant influence over Tabreed&#039;s finances and operations, said S&amp;P.]]></description>
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<title><![CDATA[Fed reviewing Goldman&#039;s derivatives contracts with Greece, says Bernanke]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44679</link>
<description><![CDATA[INTERNATIONAL. Using these instruments in a way that intentionally destabilises a company or a country is counterproductive, and I&#039;m sure the SEC will be looking into that, Bernanke said.]]></description>
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<title><![CDATA[Did George Soros try to game the gold market by calling it &#039;the ultimate bubble&#039;...?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44675</link>
<description><![CDATA[INTERNATIONAL. If you actually hear what George Soros said,  gold&#039;s Hungarian friend is less of an enemy than he appears.]]></description>
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<title><![CDATA[Gold prices drop near two-week low; Euro and S&amp;P correlations slip]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44671</link>
<description><![CDATA[INTERNATIONAl. Latest data from professional trade body the London Bullion Market Association shows the volume of wholesale dealing &quot;loco London&quot; slipping both by volume and value last month, down some 5% from December.

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<title><![CDATA[Dow Jones Islamic Market Indexes: The lubricant of the world economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44655</link>
<description><![CDATA[INTERNATIONAL. The Dow Jones Islamic Market (DJIM) Indexes of the Arabian Gulf states seem to be identified with the oil &amp; gas sector. The indexes&#039; prices are still correlating with oil prices, despite their establishing of new industry sectors.]]></description>
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<title><![CDATA[Merrill Lynch Wealth Management appoints Chief Investment Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44668</link>
<description><![CDATA[INTERNATIONAL. Bank of America Merrill Lynch today announces the appointment of Bill O&#039;Neill as Chief Investment Officer, Europe, the Middle East and Africa Wealth Management. ]]></description>
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<title><![CDATA[Ras Al Khaimah &#039;A/A-1&#039; ratings affirmed on membership of UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44661</link>
<description><![CDATA[UAE. Standard &amp; Poor&#039;s Ratings Services today said it had affirmed its &#039;A&#039; long-term and &#039;A-1&#039; short-term sovereign credit ratings on the Emirate of RAK. The outlook is stable. ]]></description>
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<title><![CDATA[Dow Jones Islamic Market Indexes gain 0.7% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44658</link>
<description><![CDATA[INTERNATIONAL. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 0.08%.]]></description>
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<title><![CDATA[Gold &#039;driven by changing world&#039; says Barrick&#039;s Munk as India eyes IMF sales]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44653</link>
<description><![CDATA[INTERNATIONAL. The RBI doesn&#039;t want to take a credit risk as there are concerns on the Dollar and Euro now, said an unnamed official at the Reserve Bank of India. &#039;Gold is a safe bet...We buy at market prices [and] are closely looking at the gold market.&#039;
]]></description>
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