<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[Takaful business strategies and models need to be revamped to serve the mass markets, says Deloitte ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62204</link>
<description><![CDATA[BAHRAIN. Deloitte releases global Takaful Insurance market report and hosts Middle East roundtable on Islamic Finance regulatory and industry challenges.]]></description>
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<title><![CDATA[A whole new world: UAE and Qatar upgrade ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62208</link>
<description><![CDATA[INTERNATIONAL. &quot;The UAE and Qatar&#039;s upgrade to emerging market status is a milestone event for both markets. In the long term, we see a significant and exponential transformation, supported by a strong growth outlook for both markets.&quot;]]></description>
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<title><![CDATA[Turkish unrest takes its toll on markets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62201</link>
<description><![CDATA[INTERNATIONAL. Turkey has been wracked with turmoil and market volatility in its equity markets and currency, due to both domestic and global market circumstances. ]]></description>
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<title><![CDATA[Innovations in banking &amp; finance education]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62197</link>
<description><![CDATA[UAE. &quot;There is a great international demand for high quality professional education in banking and finance and universities have to create the mechanisms to enable students to access the best education available.&quot;]]></description>
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<title><![CDATA[Waha Capital acquires Anglo Arabian Healthcare ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62199</link>
<description><![CDATA[UAE. Abu Dhabi-based investment company invests in AAH, a new healthcare group set up to own and operate hospitals, clinics, pharmacies and diagnostic centres across the UAE.  ]]></description>
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<title><![CDATA[IBM helps women&#039;s cooperatives in Tangier become more profitable]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62195</link>
<description><![CDATA[MOROCCO. Business strategies for cultural preservation and sustainable development organizations also proposed. ]]></description>
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<title><![CDATA[Route to prosperity has never been faster, say Middle East&#039;s wealthy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62194</link>
<description><![CDATA[UAE. 60% of high net worth individuals (HNWIs) in the Middle East believe wealth creation is faster today than in the past, more than any other region globally, according to latest edition of Barclays Wealth Insights]]></description>
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<title><![CDATA[Gerhard Schubert: The gold price is a mere reflection of uncertainties, economic imbalances and mistrust]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62189</link>
<description><![CDATA[UAE. The net long positions in the futures market (explicitly Comex) have been reduced to a very low level. This means that pressure on the gold price could come mainly from disgruntled and frustrated longs, rather than through new fresh short positions.]]></description>
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<title><![CDATA[Moody&#039;s places Bahrain&#039;s rating on review for possible downgrade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62185</link>
<description><![CDATA[BAHRAIN. Rating action prompted by the impact of a low-growth, high government expenditure and weaker oil price scenario on Bahrain&#039;s long-term debt sustainability.]]></description>
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<title><![CDATA[Citadel Capital Scholarship Foundation reaffirms commitment to provide educational opportunities for Egypt&#039;s youth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62183</link>
<description><![CDATA[EGYPT. The foundation which provides financial assistance for talented young Egyptian students to study at elite global universities worldwide on condition they return home to Egypt to work in their chosen fields, announced its 2013/14 class of 11 scholars.]]></description>
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<title><![CDATA[Range-bound gold market looks to the Fed&#039;s guidance next week]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62181</link>
<description><![CDATA[INTERNATIONAL. Gold prices will be under further pressure if investors continue to flee from the gold-backed ETPs without a big enough offset by the physical demand.]]></description>
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<title><![CDATA[UAE finances strengthening but risks in Dubai, says IMF ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62179</link>
<description><![CDATA[UAE. The possibility of another boom-and-bust cycle in debt-laden Dubai is a risk for the UAE economy in the medium term, the IMF warned after the emirate announced a string of huge real estate development projects.]]></description>
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<title><![CDATA[Gold and silver &#039;still in bearish trend&#039;, Nikkei enters bear market in global risk asset selloff]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62177</link>
<description><![CDATA[INTERNATIONAL. &quot;There&#039;s been just a lot of money out there looking for yield. Part of the selloff is attributable to the [potential] pulling back of [Federal Reserve quantitative easing], and you can&#039;t do anything about that.&quot;]]></description>
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<title><![CDATA[Fraud and financial manipulation pose great risk for companies in EMEIA, says survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62169</link>
<description><![CDATA[UAE. One in five employees of American firms operating in Europe, Middle East, India and Africa are aware of financial manipulations in their company. ]]></description>
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<title><![CDATA[Falcon Private Bank transfer management of insurance-linked securities business to Twelve Capital]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62173</link>
<description><![CDATA[INTERNATIONAL. This will primarily affect investment funds domiciled and regulated in Luxembourg and Switzerland.]]></description>
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<title><![CDATA[Crescent Enterprises hosts MBA students from University of Cambridge ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62171</link>
<description><![CDATA[UAE. A collaboration between Crescent Enterprises and Cambridge Judge Business School, University of Cambridge; The initiative is a component part of Crescent Enterprises&#039; on-going commitment to education. ]]></description>
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<title><![CDATA[World&#039;s top companies succeed nearly five times more often with &quot;Great Repeatable Models&quot;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62167</link>
<description><![CDATA[UAE. The Great Repeatable Model resonates within the Middle East business landscape because of the huge number of family businesses in the region; 85% of almost 400 executives surveyed find that internal complexity is the &quot;Silent Killer&quot; of sustainable growth - not a lack of market opportunities.]]></description>
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<title><![CDATA[BlackRock commentary on MSCI decision to upgrade Qatar and UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62162</link>
<description><![CDATA[UAE.  &quot;We have been broadly positive on both of these countries for the last two years as the combination of economic restructuring, strong earnings growth, depressed valuations, and high dividend yields offers an attractive proposition.&quot;]]></description>
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<title><![CDATA[Dubai World&#039;s asset disposals seen slow as loan repayments loom]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62165</link>
<description><![CDATA[UAE. Dubai World&#039;s plan to sell a U.K. warehouse developer owned by a subsidiary will do little to help the Middle East company&#039;s attempt to raise about US$15 billion to fund debt repayments. ]]></description>
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<title><![CDATA[BNY Mellon commentary on MSCI upgrade of  UAE and Qatar  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62164</link>
<description><![CDATA[UAE. The upgrade is a huge boost for the UAE and sends a strong message that the UAE has taken on board the requirements laid down by MSCI for inclusion in the index.]]></description>
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<title><![CDATA[Barings investment update on Qatar and UAE&#039;s upgrade to MSCI Emerging Markets Index]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62163</link>
<description><![CDATA[UAE. JP Morgan provisionally estimates that the net inflows arising from the upgrade will be around US$570 million for Qatar and US$442 million for the UAE.]]></description>
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<title><![CDATA[Global Investment House Analysis: MSCI upgrades UAE &amp; Qatar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62156</link>
<description><![CDATA[KUWAIT. Foreign funds tracking the MSCI benchmarks will likely start to invest only after the reclassification takes effect in May next year. ]]></description>
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<title><![CDATA[Commentary: Crushing the Middle Class]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62152</link>
<description><![CDATA[INTERNATIONAL. The middle class is being crushed under increased taxes, negative real interest rates, debased currencies and increasingly intrusive regulations.]]></description>
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<title><![CDATA[Alquity Investment&#039;s Africa fund tops BRIC indices, grows over 15%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62157</link>
<description><![CDATA[UAE. Amount of UAE-based clients&#039; investments has increased by more than 50%; Research shows 40% of 1,500 job opportunities created by Alquity came from UAE-based investments.]]></description>
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<title><![CDATA[Private Equity Africa Magazine awards Abraaj Group Partner with special recognition for leadership]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62155</link>
<description><![CDATA[UAE. Sev Vettivetpillai receives award at PEA gala dinner in London; Investing group also wins North African Private Equity House of the Year and Exit of The Year for Golden Lay.]]></description>
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<title><![CDATA[Qatar, UAE upgraded to Emerging Markets at MSCI]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62153</link>
<description><![CDATA[UAE. MSCI tracks economic development, trading volumes and market accessibility to assess market classifications. Upgrades could lead to the nations&#039; equities luring more of the investor assets that follow MSCI&#039;s gauges.
]]></description>
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<title><![CDATA[Dubai World makes first major asset sale since crisis]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62146</link>
<description><![CDATA[UAE. A unit of Toronto-based investment company Brookfield Asset Management has bought logistics warehouse developer Gazeley from Dubai World subsidiary Economic Zones World (EZW). ]]></description>
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<title><![CDATA[Dubai&#039;s muted inflation masks soaring costs as salaries stall]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62137</link>
<description><![CDATA[UAE. Dubai&#039;s inflation rate of less than 1% doesn&#039;t capture the surging cost of living in the emirate, especially for the expatriates who make up most of its population. ]]></description>
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<title><![CDATA[Dubai&#039;s property rebound pitch ignored by global investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62134</link>
<description><![CDATA[UAE. Surging home prices in parts of Dubai and rebounding shopping and tourism markets are prompting developers to announce projects on a scale not seen since 2008. So far, sovereign wealth, pension and insurance funds are staying away even as they splurge on real estate elsewhere. ]]></description>
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<title><![CDATA[Location, location, location... the insurance regulatory landscape in the UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62144</link>
<description><![CDATA[UAE. The fragmented regulatory landscape in the GCC countries is often cited as a challenge for the insurance sector in the region.  This article considers the regional requirements and the structures that can be utilised to ensure continued compliance with the regulations.]]></description>
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<title><![CDATA[Life settlements are a win-win for consumers and investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62141</link>
<description><![CDATA[UAE. Groundbreaking London Business School research shows secondary life insurance market benefits both. ]]></description>
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<title><![CDATA[Investors have lost trust in company reports, reveals ACCA study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62142</link>
<description><![CDATA[UAE. Since the global financial crisis more than two-thirds of investors say they are more sceptical about the information companies provide.]]></description>
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<title><![CDATA[Swissquote Bank expands in the UAE ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62140</link>
<description><![CDATA[UAE. Lender been granted a category 4 license from the DFSA and Central Bank Representative Office License; New office in Dubai offering asset management services and bespoke account for expats.]]></description>
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<title><![CDATA[FTSE opens new offices in Dubai International Financial Centre]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62135</link>
<description><![CDATA[UAE. DIFC office will act as a hub for FTSE&#039;s growing operations in the Middle East and Africa.
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<title><![CDATA[IMF Executive Board approves 24-month US$1.74 billion stand-by arrangement with Tunisia]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62133</link>
<description><![CDATA[INTERNATIONAL.  &quot;Tunisia has embarked on a moderate economic recovery while facing a challenging international economic environment and pursuing a political transition.&quot;]]></description>
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<title><![CDATA[European football market grows by 11% to US$24.6 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62129</link>
<description><![CDATA[INTERNATIONAL. Football continues to show resilience; Cost control is still the key challenge; Influence of the Middle East continues to play a role in financial growth across European leagues.]]></description>
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<title><![CDATA[Bahrain picks banks for potential dollar bond issue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62132</link>
<description><![CDATA[BAHRAIN. Bahrain picks BNP, Citi, JP Morgan and GIB Capital; Proceeds likely to be used to plug an expected budget deficit for 2013; Roadshows running June 12-18, benchmark-size deal may follow.]]></description>
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<title><![CDATA[Moody&#039;s says Turkey&#039;s credit risk to rise if protests go on]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62131</link>
<description><![CDATA[INTERNATIONAL. Anti-government protests across Turkey will become increasingly credit-negative the longer they last and have heightened risks to the country&#039;s balance of payments]]></description>
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<title><![CDATA[Hamdi Ulukaya of Chobani named Ernst &amp; Young World Entrepreneur of the Year 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62130</link>
<description><![CDATA[INTERNATIONAL. Turkish-born Hamdi Ulukaya founded Chobani in upstate New York in 2005 and launched Chobani Greek Yogurt two years later. Less than six years after launch it is the best-selling yogurt brand in the US with annual sales approaching US$1billion.]]></description>
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<title><![CDATA[Unilever regional Chairman gives keynote address at &quot;Emirates NBD Global Business Series&quot;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62122</link>
<description><![CDATA[UAE. Sanjiv Mehta, Chairman of Unilever - North Africa and Middle East shared his insights with the wide audience of SME owners and entrepreneurs about the challenges and advantages of managing one of the region&#039;s leading FMCG companies.]]></description>
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<title><![CDATA[Arabtec&#039;s Rights Issue subscription period begins]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62116</link>
<description><![CDATA[UAE. The Rights Issue aims to raise up to AED2.3 billion to help fund a five-year growth strategy; Arabtec is expanding into high-margin areas of construction, particularly oil and gas, power and infrastructure.]]></description>
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<title><![CDATA[Leading global entrepreneurs still look to recruit at home and abroad, says Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62109</link>
<description><![CDATA[INTERNATIONAL. Women entrepreneurs intend to hire more than their male counterparts in their home markets; Shift in recruitment from breaking into new markets to boosting production of goods and services.]]></description>
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<title><![CDATA[Gerhard Schubert: It is difficult to see what would make gold rally above and sustain the US$1,400 level]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62108</link>
<description><![CDATA[UAE. There is a growing belief that the Fed will start tapering the QE program sooner rather than later. I disagree with that view, as the Fed was looking for an unemployment rate of 6.5% and an inflation target of 2.5% per cent. We are far away on both counts.]]></description>
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<title><![CDATA[Gold buyers cheer as the Dollar falls]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62107</link>
<description><![CDATA[INTERNATIONAL. As stock prices wobble and the U.S. Dollar falls, the number of gold traders who are expecting a jump in the gold price next week rises to the highest since mid-March.]]></description>
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<title><![CDATA[Simon Charlton named new head of AHAB]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62102</link>
<description><![CDATA[SAUDI ARABIA. Charlton joins as Chief Restructuring Officer and Acting Chief Executive Officer;Top advisors move in-house to complete restructuring of Saudi business group.]]></description>
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<title><![CDATA[India&#039;s latest anti-gold moves &#039;won&#039;t be effective&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62098</link>
<description><![CDATA[INTERNATIONAL. The wholesale price of gold flipped yet again either side of US$1,400 on Thursday in what dealers called &quot;choppy&quot; trade.]]></description>
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<title><![CDATA[IMF admits &#039;notable failures&#039; in 2010 Greece rescue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62097</link>
<description><![CDATA[INTERNATIONAL. &quot;The Fund&#039;s program experience and ability to move rapidly in formulating policy recommendations were skills that the European institutions lacked.&quot;]]></description>
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<title><![CDATA[Ernst &amp; Young launches Global Family Business Center of Excellence ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62091</link>
<description><![CDATA[INTERNATIONAL. The center showcases Ernst &amp; Young&#039;s long and deep commitment to family businesses and provides access to the insights, experience and people they need to grow and succeed for generations. 

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<title><![CDATA[New Citi-commissioned EIU report projects competitiveness of 120 of the world&#039;s major cities in 2025 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62092</link>
<description><![CDATA[INTERNATIONAL. S&Atilde;&pound;o Paulo, Incheon and Mumbai expected to see greatest surge in competitiveness; North American and Western European cities continue to top list. ]]></description>
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<title><![CDATA[Investors hopeful on MSCI upgrade for UAE, Qatar seen missing out]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62090</link>
<description><![CDATA[UAE. Investors say the UAE will finally be elevated to emerging market status in a review of MSCI indexes next week, but expect Qatar to miss out due to still stringent foreign ownership limits.

]]></description>
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<title><![CDATA[Arabtec wins contract to build 5-star hotel and apartments in Business Bay Dubai ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62087</link>
<description><![CDATA[UAE. Leading construction company targets at least 10% dividend payout per annum.]]></description>
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<title><![CDATA[World Bank supports strengthening of Kuwait&#039;s insolvency and creditor/debtor regime]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62080</link>
<description><![CDATA[KUWAIT. New project will strengthen Kuwait&#039;s commercial law and regulation to be more responsive to the needs and aspirations of market participants and bring up to regional and international standards. ]]></description>
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<title><![CDATA[Gold price volatility continues as investors prepare for the Fed&#039;s QE tapering]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62075</link>
<description><![CDATA[INTERNATIONAL. The U.S. Comex gold future prices rebounded 0.33% this week to US$1,397.20 on Tuesday and reached almost US$1,408 during Wednesday Asian morning.]]></description>
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<title><![CDATA[Peter Schiff commentary: The gold bull vs. the paper tiger ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62072</link>
<description><![CDATA[INTERNATIONAL.  Gold and other hard assets are being given short-shrift in yet another inflation-fueled pseudo-recovery. But is it worth the gamble for ordinary investors to try to ride the new US equities bubble?]]></description>
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<title><![CDATA[Gold slips as India blocks imports, analysts see &#039;short-covering&#039; rally to US$1,450 or more]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62071</link>
<description><![CDATA[INTERNATIONAL. The world&#039;s first consumer market for physical gold, India recorded a trade deficit worth US$17.8 billion in March, equal to 11% of economic output. Some 40% of the deficit was due to gold bullion imports.
]]></description>
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<title><![CDATA[Qatar ranks first, UAE ninth globally by proportion of millionaire households]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62068</link>
<description><![CDATA[UAE. Private financial wealth in the Middle East and Africa grew to US$4.8 trillion, an increase of 9.1%, according to The Boston Consulting Group&#039;s 2013 Global Wealth Report. ]]></description>
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<title><![CDATA[Improved corporate governance required to help reduce risk and positively impact performance for MENA companies]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62060</link>
<description><![CDATA[UAE. Regional assessment citing challenges and achievements, initiated by GrowthGate Capital and prepared by Harvard Business School MBA class led by Prof Josh Lerner. ]]></description>
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<title><![CDATA[Kuwait Finance House &#039;A-/A-2&#039; ratings affirmed on expected rights issue, outlook negative]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62069</link>
<description><![CDATA[KUWAIT. Despite the expected capital increase, limited earnings generation and continued balance sheet growth will continue to put pressure on the company&#039;s capitalization and risk position.
]]></description>
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<title><![CDATA[Obama authorises new Iran sanctions targeting currency]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62067</link>
<description><![CDATA[INTERNATIONAL. &quot;While the rial has lost half of its value since the beginning of 2012, this is the first time that trade in the rial has been targeted directly for sanctions.&quot;]]></description>
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<title><![CDATA[Post Cyprus: What is next for European depositors?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62064</link>
<description><![CDATA[UAE.  C&Atilde;&copy;sar P&Atilde;&copy;rez, EMEA Chief Investment Strategist at J.P. Morgan Private Bank, looks at European banks following the Cyprus bailout and offers an outlook for the Eurozone.]]></description>
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<title><![CDATA[Saxo Bank creates Balanced Portfolio for long term investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62061</link>
<description><![CDATA[UAE. A new asset allocation strategy that allows traders to follow its progress on Tradingfloor.com and duplicate the strategy themselves.]]></description>
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<title><![CDATA[Deloitte releases 2013 Middle East Tax Handbook ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62059</link>
<description><![CDATA[UAE. Deloitte hosted its annual Middle East Tax Conference, in a two day event, which brought together over one hundred Deloitte clients and partners to debate topical developments relevant to the region. ]]></description>
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<title><![CDATA[More women at work would be good news for global economy, says Christine Lagarde]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62055</link>
<description><![CDATA[INTERNATIONAL. Despite overwhelming evidence that gender inclusion makes economic, business, and social sense, we are not closing gender gaps fast enough. Women still face glass ceilings, glass walls, and even glass cliffs.&Acirc;&shy;]]></description>
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<title><![CDATA[UAE, Qatar potential candidates for MSCI upgrade, says HSBC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62053</link>
<description><![CDATA[INTERNATIONAL. The move could see more than US$430 million flowing into Qatar and about US$370 million into the U.A.E., HSBC analysts wrote in a research report. ]]></description>
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<title><![CDATA[GCC construction contractors record profit of US$61 million in first quarter 2013, down 2.5% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62054</link>
<description><![CDATA[KUWAIT. Backlog rises 2.0%QoQ in 1Q13; Order receipts/new awards plummet 55.9%QoQ in 1Q13; Gross margins improve to 11.4% in 1Q13 from 9.2% in 4Q12.]]></description>
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<title><![CDATA[Women foreign workers growing in importance in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62045</link>
<description><![CDATA[UAE. Authors of research paper sponsored by The Western Union Company urge greater action to harness positive economic impact of expatriate women.]]></description>
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<title><![CDATA[ACCA commends new Global Reporting Initiative Guidelines ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62043</link>
<description><![CDATA[UAE. Sustainability reporting is strengthened with the announcement by the Global Reporting Initiative of new guidelines - G4 - says the Association of Chartered Certified Accountants. ]]></description>
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<title><![CDATA[26% of respondants eye increase in Middle East sales by 2015 while 21% say sales will decline, finds Bain &amp; Company report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62029</link>
<description><![CDATA[UAE: 18% expect to add employees by 2015, while 22 per cent expect a decrease; EMEA companies are less likely to believe they are very good at innovation; They are less likely to feel their management actions favor long-term results over short-term earnings.

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<title><![CDATA[Gerhard Schubert: Premiums for 995 Dubai Good Delivery gold kilo bars are falling, as supply situation &#039;pretty much normalised&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62032</link>
<description><![CDATA[UAE. The market tested and failed, again, to break the US$1,420 level, and could not even hold on to a weekly close above the US$1,400 mark. ]]></description>
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<title><![CDATA[Islamic Trade Finance to emerge as the preferred choice in emerging markets, says Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62040</link>
<description><![CDATA[UAE. Innovation and differentiation essential for the industry to facilitate the switch from conventional to Islamic Trade Finance.]]></description>
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<title><![CDATA[Peter Schiff: The Great Reflation ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62033</link>
<description><![CDATA[INTERNATIONAL. The real risks in housing center on the next leg down, in what I believe will be a continuation of the real estate crash. We can&#039;t afford to artificially support the market indefinitely. ]]></description>
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<title><![CDATA[Union Bancaire Priv&Atilde;&copy;e to acquire Lloyds Banking Group&#039;s International Private Banking business ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62035</link>
<description><![CDATA[UAE. This acquisition further boosts UBP&#039;s standing in its core growth markets, such as the Middle East and Latin America.]]></description>
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<title><![CDATA[Al Hilal GCC Equity Fund returns 11.8% for first 5 months of 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62036</link>
<description><![CDATA[UAE. The Fund has generated 17.64% return for its stakeholders since inception; Provides investors with long-term investment in a diversified portfolio of Shariah-compliant GCC equity securities.]]></description>
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<title><![CDATA[GCC Real Estate Quarterly: UAE and Saudi markets continue to lead while Kuwaiti market catches up]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62031</link>
<description><![CDATA[KUWAIT. Markets continued to maintain uptrend; Government support &amp; improved market sentiment to boost the sector, according to Global Investment House 1Q13 real estate report.]]></description>
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<title><![CDATA[Investcorp&#039;s Nemir Kirdar wins Euromoney&#039;s Award for Outstanding Contribution to Financial Services in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62028</link>
<description><![CDATA[BAHRAIN. The prestigious award recognizes banking leaders in the region who have made significant contributions to the Middle East&#039;s financial services. industry over the years]]></description>
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<title><![CDATA[Commentary: Understanding gold market dynamics ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62021</link>
<description><![CDATA[INTERNATIONAL. By treating the gold market as if it were comprised of just one type of investor, analysts have drawn false conclusions about the recent volatility.]]></description>
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<title><![CDATA[Kuwait&#039;s KIPCO takes majority stake in Malta&#039;s Fimbank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62023</link>
<description><![CDATA[KUWAIT. United Gulf Bank,  KIPCO&#039;s Bahrain-based merchant banking unit and Burgan Bank, the Kuwaiti firm&#039;s commercial banking arm, got regulatory approvals to buy a combined 68.7% stake in Fimbank.]]></description>
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<title><![CDATA[Insurance is key to fostering economic growth and investment in the MENA region, says Zurich report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62022</link>
<description><![CDATA[UAE. Though the MENA region has made considerable progress over the last decade, with some of the lowest insurance penetration rates in the world, there is still large growth potential in the insurance sector. ]]></description>
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<title><![CDATA[Clifford Chance advises banks on Al Noor&#039;s plans to raise US$150 million in London IPO]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62019</link>
<description><![CDATA[UAE. International law firm is advising the joint sponsors, joint global co-ordinators and joint bookrunners on the proposed IPO of Abu Dhabi&#039;s Al Noor Hospitals Group.]]></description>
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<title><![CDATA[Dubai firms target Arab Spring economies on spending]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62012</link>
<description><![CDATA[UAE. Abraaj Group, the Dubai-based private equity firm, is among Gulf investors targeting acquisitions in North Africa as a surging population boosts demand for products from health care to food and banking. 

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<title><![CDATA[End of service gratuity in the UAE: a recap]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61999</link>
<description><![CDATA[UAE. How to calculate Gratuity and what rate of accrual should be adopted is often not clear cut. This article examines some of the more intricate factors. ]]></description>
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<title><![CDATA[Overtime in the UAE: how it works]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61998</link>
<description><![CDATA[UAE. Whether or not an employee will be entitled to overtime is often an intricate issue, and depends on the role of the employee, the time the overtime is completed and the working time system the company has in place. 
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<title><![CDATA[Kuwait&#039;s insurance sector faces regulatory uncertainty and volatile growth, says A.M. Best report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62007</link>
<description><![CDATA[KUWAIT. While Kuwait&#039;s total gross premium written (GPW) is expected to increase in 2013 at a faster pace than that of other more mature insurance markets, it will increase at a slower rate than most other GCC countries.]]></description>
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<title><![CDATA[EDHEC-Risk Institute and CACEIS launch new research chair on risk assessment and performance reporting]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61995</link>
<description><![CDATA[INTERNATIONAL. Led by Professors No&Atilde;&laquo;l Amenc and Lionel Martellini, the research chair team will examine new advances in risk measurement and reporting. ]]></description>
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<title><![CDATA[HSBC upgrades investment services to meet growing needs of affluent customers in the MENA region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62003</link>
<description><![CDATA[UAE. Client Wealth Dashboard will allow convenient and secure access to multiple investment accounts from one location.]]></description>
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<title><![CDATA[S&amp;P outlook on Saudi Arabia revised to positive, ratings affirmed at &#039;AA-/A-1+&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62001</link>
<description><![CDATA[SAUDI ARABIA. Growth fundamentals are strengthening in Saudi Arabia; The economy has expanded strongly and steadily, with real per capita GDP growth averaging 3.1% during 2005-2012; Non-oil sectors have been key contributors to the acceleration.]]></description>
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<title><![CDATA[UAE has seen remarkable growth but cannot afford to slacken the pace, says ICAEW]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61993</link>
<description><![CDATA[UAE. In its latest quarterly report, the accountancy and finance body highlights the efforts made to reduce reliance on oil exports, but says that more needs to be done in order to avert long term problems.]]></description>
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<title><![CDATA[Family businesses make up over 85% of the Arab World&#039;s non-oil GDP and are the region&#039;s growth engine]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61986</link>
<description><![CDATA[JORDAN. They have significant influence and sway, both societally and politically as a result of their extensive networks and relationships; Over US$1 trillion in assets will pass from one generation to the next over the coming 10 years.]]></description>
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<title><![CDATA[IASB and FASB propose to bring leases on-balance sheet - but at what cost from a regional perspective? ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61990</link>
<description><![CDATA[UAE. Almost all companies in the UAE are engaged in leasing in one way or the other, and these proposals could have significant impact across all businesses. 

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<title><![CDATA[Accenture named among &#039;Most Admired Companies&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61991</link>
<description><![CDATA[UAE. Global consultancy ranked in top 50 on Fortune magazine&#039;s annual list for the 11th consecutive year;  Also ranked 2nd for the world&#039;s Most Admired Tech Companies and 1st for people management.
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<title><![CDATA[Tharawat Family Business Forum hosts roundtable to discuss the multiple roles of Arab women in business]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61989</link>
<description><![CDATA[UAE. Examining the impact of women as family members, managers and owners is crucial to understand the factors that influence the sustainability of family firms. 
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<title><![CDATA[Middle Eastern CEOs are more confident about growth than their global counterparts ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61976</link>
<description><![CDATA[JORDAN. PwC&#039;s Middle East 2013 CEO survey touches upon growth prospects and opportunities, &quot;Go abroad&quot; strategies, business risks and workforce availability; Optimism in the region is being translated into expectations of major increase in employment headcount.]]></description>
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<title><![CDATA[CFOs must take hands on approach to innovation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61972</link>
<description><![CDATA[UAE. New report from AICPA and CIMA reveals how finance professionals at Coca-Cola, Royal Dutch Shell and other global innovation leaders help to drive new advancements.]]></description>
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<title><![CDATA[Commentary: Riders on the Storm]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61974</link>
<description><![CDATA[INTERNATIONAL. Clearly, events last week have signalled that the honeymoon period enjoyed by Prime Minister Abe and his government may be over. 

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<title><![CDATA[Mercer launches Total Remuneration Survey 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61973</link>
<description><![CDATA[UAE. The survey addresses cash compensation, allowances, short- and long-term incentives and benefits, providing an unbiased guide that can be utilised for effective business decisions.]]></description>
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<title><![CDATA[Abu Dhabi Investment Authority turning to emerging markets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61969</link>
<description><![CDATA[UAE. Sovereign wealth fund cuts exposure limits on developed market stocks, reduces minimum asset exposure to Europe and lowers reliance on external fund managers.]]></description>
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<title><![CDATA[81% believe regulatory environment is supportive of business growth in MENA, finds Ernst &amp; Young survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61970</link>
<description><![CDATA[UAE. 53% of MENA respondents state that they will use cash as the primary source to fund deals in the next 12 months.]]></description>
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<title><![CDATA[SEDCO Capital says funds managed according to environmental, social and governance principles]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61968</link>
<description><![CDATA[UAE. Shariah-compliant funds managed with a commitment to the UN Principles for Responsible Investment. ]]></description>
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<title><![CDATA[Deyaar appoints new Chief Financial Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61965</link>
<description><![CDATA[UAE. Hawary Marshad will provide both operational and strategic support to the organization, on matters relating to the management, sourcing and deployment of capital.]]></description>
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<title><![CDATA[Kerry set to outline plan for Palestinian economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61963</link>
<description><![CDATA[INTERNATIONAL. Kerry has called on both Abbas and Israeli Prime Minister Benjamin Netanyahu to now take the tough decisions needed to get the peace process moving again.

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