<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[BMI Bank outlook revised to negative on weakening asset quality and financial performance]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44170</link>
<description><![CDATA[INTERNATIONAL. Standard &amp; Poor&#039;s Ratings Services revised its outlook on BMI Bank to negative from stable. At the same time, it affirmed the &#039;BBB-&#039; long-term and &#039;A-3&#039; short-term counterparty credit ratings on the bank.]]></description>
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<title><![CDATA[Dubai Bank ties up with Dubai Land Department ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44165</link>
<description><![CDATA[UAE. Dubai Bank today announced its tie-up with the Dubai Land Department to offer custom-made payroll packages for employees of the department.]]></description>
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<title><![CDATA[MENA equity markets remain almost flat for the first month of 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44160</link>
<description><![CDATA[UAE. Uncertainty surrounding Dubai&#039;s debt crisis continues to overshadow UAE market&#039;s performance.
]]></description>
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<title><![CDATA[Asset allocation: has it failed?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44150</link>
<description><![CDATA[INTERNATIONAL. Trying to achieve financial goals by pouring all of one&#039;s assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan. 

]]></description>
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<title><![CDATA[UAE will see &#039;low&#039; economic growth in 2010, says central bank  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44158</link>
<description><![CDATA[UAE. The UAE central bank forecast the country&#039;s growth to be low in 2010 but better than the previous year, its governor told a media briefing on Monday.]]></description>
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<title><![CDATA[Misys sees growth in Islamic banking specialised software solutions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44122</link>
<description><![CDATA[INTERNATIONAL. With the influx of mainstream banking institutions into Islamic banking, the support from specialist solution vendors has become a necessity to ensure a smooth transition to Shariah-based banking.]]></description>
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<title><![CDATA[VRL predicts 60% of purchases will be prepaid by 2015]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44138</link>
<description><![CDATA[UAE. Prepaid is the fastest growing payment mechanism and is currently witnessing double digit growth, according to Gerard Tilley, CEO of VRL, organisers of the upcoming Prepaid Summit: Middle East 2010, slated for 22-23 March in Dubai.]]></description>
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<title><![CDATA[Emirates NBD launches Jersey Offshore Deposits ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44135</link>
<description><![CDATA[UAE. Jersey Offshore Deposits from Emirates NBD provides investors the ideal opportunity to grow their deposit portfolios at attractive returns.]]></description>
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<title><![CDATA[Industry experts to convene at the 6th Middle East Forex Trading Expo &amp; Conference]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44133</link>
<description><![CDATA[LEBANON. Two day conference and exhibition aims to foster education among professional, beginner and institutional traders across the Middle East and North Africa region

]]></description>
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<title><![CDATA[Rasmala and RBS to launch Joint Equity Research on Middle East companies]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44119</link>
<description><![CDATA[UAE. UAE&#039;s Rasmala Investment Bank and The Royal Bank of Scotland Group announced today that they have signed a binding agreement to produce equity research on a number of shares listed on Middle Eastern stock markets. ]]></description>
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<title><![CDATA[Doha Bank and UNESCO form environmental alliance]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44117</link>
<description><![CDATA[QATAR. Doha Bank has recently signed a partnership agreement with the United Nations Educational, Scientific.]]></description>
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<title><![CDATA[Turning paper into gold is a 21st century alchemy, says Chris Potter]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44103</link>
<description><![CDATA[INTERNATIONAL. Nowadays, the alchemists are the central bankers of the world, and they&#039;re successfully managing to turn the paper money their countries are producing (their devaluating currencies, that is) into the precious metal.]]></description>
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<title><![CDATA[DFM welcomes a high-level financial delegation from London]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44114</link>
<description><![CDATA[INTERNATIONAL. The visit is part of a three Gulf cities orientation tour for representatives of financial services companies.]]></description>
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<title><![CDATA[Top bankers predict another tough year for GCC markets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44108</link>
<description><![CDATA[UAE. Top regional executives today predicted another tough year for regional capital markets as they gathered in Dubai to discuss the financial climate at a Thomson Reuters Middle East Investment Banking Leaders Roundtable.
]]></description>
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<title><![CDATA[Emirates NBD to showcase savings products in Al Ain ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44100</link>
<description><![CDATA[UAE. Emirates NBD has announced that it will host a nine-day campaign in Al Bawadi Mall, Al Ain, to showcase its line of personal banking products &amp; services to the residents of Al Ain and Abu Dhabi. 

]]></description>
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<title><![CDATA[DIB named UAE&#039;s top distributor of Takaful products ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44094</link>
<description><![CDATA[Dubai Islamic Bank (DIB) has announced that it has been named the &#039;Best Takaful Distributor in the UAE&#039; for the full year 2009, as well as for the fourth quarter of last year. 
]]></description>
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<title><![CDATA[Mashreq reports net profit of US$272 million for 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44091</link>
<description><![CDATA[UAE. Prudent financial management has seen Mashreq increase its provisioning and strengthen its liquidity position.]]></description>
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<title><![CDATA[Shuaa Capital cuts fourth quarter loss to US$42 Million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44086</link>
<description><![CDATA[UAE. Dubai&#039;s Shuaa Capital said it cut its fourth-quarter net loss to AED154.3 million (US$42.02 million) from a loss of AED577.4 million a year earlier.

]]></description>
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<title><![CDATA[Gold breaks &#039;2008 uptrend&#039; before rebounding on US jobs data]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44073</link>
<description><![CDATA[INTERNATIONAL. The price of gold slumped to a fresh 3-month low for Dollar investors Friday, bouncing US$15 higher to US$1,065 on news that the US shed another 20,000 jobs last month.

]]></description>
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<title><![CDATA[&#039;The risk is really not to own any precious metals at all,&#039; says Marc Faber]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44074</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said the US will be forced to massively monetize debts and reduce it through inflation. He remains a bull on gold, and again confirmed it as a place of safety and a haven in ongoing turbulent times.
]]></description>
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<title><![CDATA[Middle East shares close the week higher on   earnings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44076</link>
<description><![CDATA[INTERNATIONAL. Analysts pointed out that regional bourses could come under pressure in the coming weeks from geopolitical factors and the growing tension over the Iranian nuclear file. 
]]></description>
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<title><![CDATA[Qatar&#039;s economy seen extending growth in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44070</link>
<description><![CDATA[QATAR. Qatar&#039;s economy will perform better this year than in 2009 and the Gulf country&#039;s financial position is good, the state&#039;s central bank chief said.]]></description>
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<title><![CDATA[Risk aversion sinks gold below US$1,050]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44064</link>
<description><![CDATA[INTERNATIONAL. Gold continued its slide Friday falling below US$1,050 in early trading as a wave of risk aversion, which intensified on Thursday, carried over into a second day.]]></description>
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<title><![CDATA[Middle East fund managers remain positive despite events in Dubai]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44051</link>
<description><![CDATA[UAE. While the events in Dubai during November took many fund managers in the Middle East by surprise, most are still positive on the prospects for the region, says Standard &amp; Poor&#039;s Fund Services. ]]></description>
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<title><![CDATA[Goldman Sachs meets with Al Habtoor Group]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44054</link>
<description><![CDATA[INTERNATIONAL. Chairman of Al Habtoor Group received the top team for Goldman Sachs in the group&#039;s head quarters in Dubai on Sunday. ]]></description>
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<title><![CDATA[Mubadala moves into aerospace financing]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44043</link>
<description><![CDATA[UAE. The new venture, Sanad Aero Solutions, has already signed a US$100 million deal with Germany&#039;s Air Berlin for 12 spare engines, and for engine maintenance work for the carrier.]]></description>
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<title><![CDATA[Dubai Islamic Insurance and Reinsurance Company records US$5.60 million in net profits in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44036</link>
<description><![CDATA[UAE. Aman has announced that its net profits for 2009 have reached AED20.57 million (US$5.60 million), compared to year 2008.

]]></description>
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<title><![CDATA[Lebanon&#039;s M1 Group buys stake in Bank Audi]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44029</link>
<description><![CDATA[LEBANON. M1 Group, a Lebanese holding company, bought about 50% of EFG-Hermes Holding SAE&#039;s stake in Bank Audi SAL-Audi Saradar Group.]]></description>
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<title><![CDATA[Gold buyers choosing &#039;physical over paper&#039; as technical signals turn bullish]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44026</link>
<description><![CDATA[INTERNATIONAL. The recovery in physical gold demand in emerging markets and the rebuilding of longs by the macro hedge funds leave gold well positioned to trade higher, said HSBC&#039;s latest precious metals note to clients.]]></description>
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<title><![CDATA[Dubai Gold and Commodities Exchange volume jumps 300%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44024</link>
<description><![CDATA[UAE. Setting the tone for 2010, the DGCX today announced that total volume rose 300% year-on-year to reach 153,747 contracts in January. ]]></description>
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<title><![CDATA[Commodities kickoff 2010 on a negative note]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44021</link>
<description><![CDATA[INTERNATIONAL. The S&amp;P GSCI Industrial Metals Index was the hardest hit sector in January, falling 8.92% after registering an 82.42% gain in 2009. ]]></description>
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<title><![CDATA[UAE banks need to utilise an improved range of risk management tools, reveals study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44006</link>
<description><![CDATA[UAE. UAE banks need to use a more diverse range of risk management tools and practices to ensure their competitiveness across the world as Basel II gets fully  implemented, a study from The British University in Dubai says.]]></description>
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<title><![CDATA[Emirates NBD opens new branch on Sheikh Zayed Road ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44001</link>
<description><![CDATA[UAE. Emirates NBD announced the opening of its new branch at the Dubai-based Emirates Financial Services building in the Al Safa area on Sheikh Zayed Road.]]></description>
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<title><![CDATA[Gold makes the perfect gift for Valentine&#039;s Day, says World Gold Council ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43996</link>
<description><![CDATA[UAE. It is a proven fact world over that gold&#039;s warm, timeless glow wins women over with its beauty and glamour as it effortlessly expresses a woman&#039;s emotions and her unique beauty and identity.]]></description>
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<title><![CDATA[The China controversy, gold and the stock market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43976</link>
<description><![CDATA[INTERNATIONAL. A statement issued by Google a couple of weeks ago was greeted by dismay on Wall Street as shares retreated in response to the company&#039;s announcement that it no longer supports China&#039;s censoring of searches that take place on the Google platform. ]]></description>
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<title><![CDATA[Saudi small businesses among most confident, HSBC study reveals]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43990</link>
<description><![CDATA[SAUDI ARABIA. HSBC&#039;s &#039;Global Small Business Confidence Monitor&#039; showed that Saudi Arabia&#039;s smaller business sector was especially optimistic about, growth prospects for the Saudi Arabian economy.]]></description>
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<title><![CDATA[Cairo Amman Bank launches a new branch in Bani Kinana District]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43960</link>
<description><![CDATA[JORDAN. Amman Bank announced the launch of a new branch in the Bani Kinana District, which is situated on the main road adjacent the district&#039;s entrance. ]]></description>
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<title><![CDATA[Almost 50% of investors, analysts and lenders believe provisioning is below expectations]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43982</link>
<description><![CDATA[INTERNATIONAL. Impairments reported during the last two years were lower than expected according to 47% of investors, analysts and leers, in a new survey released by Ernst &amp; Young. ]]></description>
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<title><![CDATA[Standard &amp; Poor&#039;s completes move to new office in the Dubai International Financial Centre]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43972</link>
<description><![CDATA[UAE. Standard &amp; Poor&#039;s has continuously expanded its presence, services and coverage of the Middle East&#039;s debt and equity markets.]]></description>
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<title><![CDATA[Jordan Dubai Islamic Bank launches operations ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43969</link>
<description><![CDATA[UAE. DIB announced today that its Jordanian subsidiary has officially launched its operations through it&#039;s first and main branch in Amman. ]]></description>
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<title><![CDATA[Dubai rated preferred Middle East FDI destination by international global investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43964</link>
<description><![CDATA[UAE. According to AT Kearney the recent FDI Confidence Index ranked the UAE as the 11th preferred FDI country destination globally.]]></description>
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<title><![CDATA[Clearstream deploys EastNets anti-money laundering technology]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43961</link>
<description><![CDATA[INTERNATIONAL. EastNets has announced that Clearstream Services External Businesses had deployed EastNets&#039; anti-money laundering solutions as the strategic platform to provide &#039;Software as a Service&#039; compliance solutions to their clients world-wide. ]]></description>
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<title><![CDATA[Deutsche Bank opens branch in Abu Dhabi]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43932</link>
<description><![CDATA[UAE. The branch will be focused on servicing the Bank&#039;s corporate and institutional clients. ]]></description>
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<title><![CDATA[National Bank of Abu Dhabi posts US$822.9 million net profits in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43949</link>
<description><![CDATA[UAE. The profit was achieved after taking substantial collective provisions and despite the past year&#039;s credit and liquidity challenges, the bank said.]]></description>
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<title><![CDATA[Bank of Sharjah consolidated profits up by 16% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43941</link>
<description><![CDATA[UAE. Total revenues for the year reached US$318.53 million an increase of 26% over the 2008 figure of US$252.086. 

]]></description>
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<title><![CDATA[Islamic Finance is likely to grow apace on broadening geographic reach in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43943</link>
<description><![CDATA[INTERNATIONAL. We believe Islamic finance has become a recognised and a specific segment of finance on its own with still-bright growth prospects, said Standard &amp; Poor&#039;s credit analyst Mohamed Damak.]]></description>
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<title><![CDATA[Jordan 4th largest microfinance market in Arab world]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43928</link>
<description><![CDATA[JORDAN. The number of microfinance borrowers in Jordan increased by 39% annually from 51,000 to 144,000 between 2005 and 2008 according to a country report published late last year by Sanabel.]]></description>
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<title><![CDATA[Kuwait fund invested in BlackRock, eyes emerging markets in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43919</link>
<description><![CDATA[KUWAIT. Kuwait Investment Authority (KIA) invested about US$750 million in US asset manager BlackRock last year, and eyes investments in Asia and Latin America in 2010.]]></description>
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<title><![CDATA[IMF proposes &#039;Green Fund&#039; for climate change financing ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43917</link>
<description><![CDATA[INTERNATIONAL. The world must adopt a low-carbon model for growth as it rebuilds from the global economic crisis, Dominique Strauss-Kahn, Managing Director of the IMF, said at the World Economic Forum in Davos.

]]></description>
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<title><![CDATA[Dubai Airport Freezone registers 30% increase in revenues in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43909</link>
<description><![CDATA[UAE. Dubai Airport Freezone recorded remarkable growth rates in 2009 compared to the previous year with the revenue rising by 30% part of which has come as a result of considerable expansion in office space by major European and American companies based in the Free zone.  ]]></description>
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<title><![CDATA[Khaleeji Commercial Bank participates in the &#039;Future of Financial Markets During 2010&#039; conference ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43904</link>
<description><![CDATA[INTERNATIONAL. Leaders Summit Conference is considered one of the most high profile economic events with 60 speakers include prominent executives and decision-makers from different countries of the world taking part. ]]></description>
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<title><![CDATA[Bankers leave Davos admitting some reform is necessary]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43885</link>
<description><![CDATA[INTERNATIONAl. Signalling the urgency of the issue, ministers, bankers and central bankers held an informal meeting at Davos on Saturday.
]]></description>
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<title><![CDATA[Gold will continue to glitter despite market turbulence, says Victor Gon&Atilde;&sect;alves]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43878</link>
<description><![CDATA[INTERNATIONAl. Equities and Economics Report writer Victor Gon&Atilde;&sect;alves, in this exclusive interview with The Gold Report, says the yellow metal will generally see more strength than weakness this year, hovering around US$1,500.]]></description>
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<title><![CDATA[AD Invest in talks with China, Asian investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43867</link>
<description><![CDATA[UAE. Invest AD, the fund manager owned by Abu Dhabi Investment Council, is in talks to form partnerships with institutions in China and Southeast Asia as it seeks to attract investors to the Middle East and Africa]]></description>
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<title><![CDATA[Middle East stocks close week lower on global concerns]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43865</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets extended losses this week under the impact of falls in global markets and declining oil prices, financial analysts said.]]></description>
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<title><![CDATA[Is gold in a bubble? George Soros reignites the debate]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43856</link>
<description><![CDATA[INTERNATIONAL. The debate on gold bubbles has been raging for some time with Nouriel Roubini calling it a barbaric relic, Jim rogers in contrast sees gold at US$2,000 within a decade, Marc Faber sees US$1,000 as a floor and Gold Hand Maktari who says bullion may reach US$1,600 in 2010.]]></description>
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<title><![CDATA[Gold hits second monthly loss as Euro falls through US$1.40]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43857</link>
<description><![CDATA[INTERNATIONAL. Gold neared the weekend 0.5% down from the end of December, lower for the second month running. The US-Dollar gold price has not fallen for more than two consecutive months since the start of 2001.
]]></description>
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<title><![CDATA[Network International offers Planet Payment&#039;s Pay in Your Currency service in UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43842</link>
<description><![CDATA[UAE. The Pay in Your Currency service will provide Network International merchants with the ability to present the end consumer with a choice of paying in the local currency, or completing the purchase in their own currency at the point of sale. ]]></description>
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<title><![CDATA[Moody&#039;s downgrades Aldar to Baa2, ratings kept on review ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43855</link>
<description><![CDATA[UAE. Moody&#039;s Investors Service today downgraded the ratings for Aldar, the Trust Certificates (sukuk) issued by Sukuk Funding (No. 2) Limited and the guaranteed Notes issued by Atlantic Finance Limited, to Baa2 from A3. 

]]></description>
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<title><![CDATA[The World&#039;s Sukuk Markets are good medium-term growth prospects, says S&amp;P]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43828</link>
<description><![CDATA[INTERNATIONAL. &#039;We foresee stable growth in issuance of these securities in 2010, after a recovery last year to issuance of US$23.3 billion,&#039; said Standard &amp; Poor&#039;s credit analyst Mohamed Damak in the report.]]></description>
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<title><![CDATA[Abraaj Capital, PIF launch US$50 million private equity fund for Palestine SMEs]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43841</link>
<description><![CDATA[PALESTINIAN TERRITORIES. The private equity fund will focus on investing in small- and medium-sized enterprises in Palestine across a range of sectors and stages of maturity. ]]></description>
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<title><![CDATA[National Bank of Fujairah returns to profitability with a net profit of US$28.42 million for 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43830</link>
<description><![CDATA[UAE. 2009 Results reflect return on prudent policies and suggests solid 
basis for ongoing growth.]]></description>
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<title><![CDATA[Dubai Gold &amp; Commodities Exchange provides 24 hour trade reporting facility]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43815</link>
<description><![CDATA[UAE. The new facility is aimed at increasing accessibility for local and international participants, so that they can benefit from a regulated and centrally cleared marketplace. ]]></description>
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<title><![CDATA[Standard &amp; Poor&#039;s, Fitch reconfirm Qtel&#039;s investment grade ratings ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43820</link>
<description><![CDATA[QATAR. Qatar Telecom said S&amp;P has reassigned its &#039;A-&#039; long term and &#039;A-2&#039; short term corporate credit ratings, while Fitch Ratings has reassigned an issuer default rating of &#039;A+&#039;. ]]></description>
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<title><![CDATA[Dow Jones Islamic Market Indexes&#039; struggle continues in January]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43805</link>
<description><![CDATA[INTERNATIONAL. According to the old traders&#039; bonmot, &#039;as January goes, so goes the year&#039;. ]]></description>
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<title><![CDATA[Key industry players gather in South Africa for Mining Indaba 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43803</link>
<description><![CDATA[INTERNATIONAL. Miners, project developers, mining analysts, fund managers, investment specialists, ministers and governments will reconvene in Cape Town, South Africa from 1-4 February at the 16th annual Investing in African Mining Indaba. ]]></description>
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<title><![CDATA[Saudi Arabia&#039;s Tadawul partners with NASDAQ OMX on new initiative]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43796</link>
<description><![CDATA[SAUDI ARABIA. The NASDAQ OMX Group today announced a new initiative to recognise competitive leadership behaviours that directly impact corporate performance, as found in publicly disclosed data.  
]]></description>
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<title><![CDATA[HSBC appoints Gemalto]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43788</link>
<description><![CDATA[INTERNATIONAL. HSBC appoints Gemalto to facilitate the EMV migration of its credit cards across 19 markets in Asia Pacific.
]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Mubadala in talks over US$2 billion loan refinancing, say bankers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43784</link>
<description><![CDATA[UAE. Mubadala offers comfort to lenders with its 100% government ownership and will be able to call on its close relationship banking group to agree a new deal, the bankers said.

]]></description>
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<title><![CDATA[HSBC chief slams &#039;inflated&#039; bonuses]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43782</link>
<description><![CDATA[INTERNATIONAl. The head of the UK&#039;s biggest bank hit out at the &quot;inflated&quot; bonus culture and predicted smaller payouts for the industry in future.

]]></description>
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<title><![CDATA[DSAM Kauthar commodity funds record industry leading growth in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43775</link>
<description><![CDATA[UAE. Dubai Multi Commodities Centre Authority has  announced today that its Shariah-compliant Dubai Shariah Asset Management Kauthar Commodity Funds recorded industry leading gains in the 12 months ending 31 December 2009. 
]]></description>
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<title><![CDATA[Saxo Bank Outlook 2010: &#039;Year of Reflation&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43752</link>
<description><![CDATA[INTERNATIONAL. Saxo Bank in its yearly Financial Outlook, believes 2010 will be a year of reflation, and that the positive trends from the latter half of 2009 will continue well into 2010. ]]></description>
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<title><![CDATA[Gold fails to hold rally above US$1,100, &#039;blindly follows Euro&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43757</link>
<description><![CDATA[INTERNATIONAL. The price of gold failed to hold a brief rally above US$1,100 an ounce on Monday, slipping back against all major currencies as Asian and European stock markets fell for the fourth session running.]]></description>
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<title><![CDATA[Financial crime, terrorist financing top concerns in the banking and financial sector in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43753</link>
<description><![CDATA[INTERNATIONAL. Innovations Software Technology will host the Innovations Conference for Banks Middle East 2010 which will take place on February 2 at the Novotel World Trade Centre in Dubai. 
]]></description>
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<title><![CDATA[Global markets &#039;overdue for a correction,&#039; says Jim Rogers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43749</link>
<description><![CDATA[INTERNATIONAL. Jim Rogers said global equities are vulnerable to correction after rallying for the past 10 months and as governments around the world start withdrawing stimulus measures.
]]></description>
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<title><![CDATA[Aliel opens first Middle East flagship store at the Gate Village in DIFC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43745</link>
<description><![CDATA[UAE. Aliel Jewellery has opened its first flagship store in the Middle East at the Gate Village in the Dubai International Financial Centre. ]]></description>
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<title><![CDATA[IBQ extends merchant partner programme with new dining promotion on premium credit cards]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43747</link>
<description><![CDATA[QATAR. The discount promotion, titled &#039;Perfect Recipe,&#039; is available to all Platinum and Infinite credit cardholders of IBQ and is in effect from January 15 until 28 February 2010. ]]></description>
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<title><![CDATA[S&amp;P supports launch of the Gulf Bond and Sukuk Association]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43746</link>
<description><![CDATA[INTERNATIONAL. The move underscores Standard &amp; Poor&#039;s ongoing commitment to supporting the development of the region&#039;s capital markets. 

]]></description>
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<title><![CDATA[Global corporate FDI plans on hold, but opportunities remain in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43740</link>
<description><![CDATA[INTERNATIONAL. Half of investors surveyed expect to postpone planned investments due to economic crisis, but investor outlook for the Middle East and emerging market giants Brazil, China, and India is positive.]]></description>
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<title><![CDATA[DP World announces throughput from consolidated terminals of more than 25 million TEU]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43737</link>
<description><![CDATA[UAE. Global marine terminal operator DP World today announces that it handled 25.6 million TEU  across its portfolio of 28 consolidated terminals in 2009, reflecting 8% fewer containers handled than last year.  ]]></description>
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<title><![CDATA[Goldman Sachs caps UK partners&#039; pay at US$1.6 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43734</link>
<description><![CDATA[INTERNATIONAL. Goldman Sachs&#039; 100 UK-based partners are capping their 2009 pay and bonus packages in a bid to ease public anger at huge payouts.]]></description>
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<title><![CDATA[Gulf economies poised for recovery in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43736</link>
<description><![CDATA[UAE. GCC economies are poised for gradual recovery in 2010, led by growth in the hydrocarbon sector and higher energy prices, according to Emirates NBD.]]></description>
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<title><![CDATA[Dubai&#039;s DHCOG rating lowered to &#039;B&#039; and withdrawn due to lack of information]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43735</link>
<description><![CDATA[UAE. Standard &amp; Poor&#039;s Ratings Services said today that it has lowered its long-term corporate credit rating on Dubai Holding Commercial Operations Group to &#039;B&#039; from &#039;BB+&#039;, assigned a negative outlook, and removed it from CreditWatch with negative implications.]]></description>
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<title><![CDATA[Investors&#039; continued commitment to hedge funds comes with rising expectations]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43730</link>
<description><![CDATA[INTERNATIONAL. Transparency and liquidity risk have surpassed poor performance as the top concerns for institutional investors investing in hedge funds, according  to survey report by SEI.]]></description>
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<title><![CDATA[UAE arrest seven in US$10 billion central bank fraud case]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43713</link>
<description><![CDATA[UAE. Abu Dhabi police arrested seven men for attempting to steal US$10.2 billion from the UAE central bank using forged documents.]]></description>
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<title><![CDATA[Dubai Holding unit makes US$100 million bond payments]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43712</link>
<description><![CDATA[UAE. Dubai Holding Commercial Operations Group said on Sunday it had made about US$100 million worth of scheduled distribution payments on three bonds due over the next five years.]]></description>
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<title><![CDATA[Bahrain plans US$1 billion conventional bond issue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43701</link>
<description><![CDATA[BAHRAIN. Bahrain plans to issue a US$1 billion sovereign bond with a 10-year maturity targeting mostly US investors, a banking source said on Sunday.]]></description>
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<title><![CDATA[Gold below US$1,100 gives physical buyers a &#039;fantastic price&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43660</link>
<description><![CDATA[INTERNATIONAL. We had a lot of pressure on gold, and overnight we&#039;ve seen some physical demand, said bullion-refiner MKS Finance&#039;s Afshin Nabavi in Geneva. &quot;The Physical Gold market thinks these prices are fantastic to buy at,&quot; he said.

]]></description>
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<title><![CDATA[Commercial Bank of Qatar announces its financial results for the year ended 31 December 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43680</link>
<description><![CDATA[QATAR. The Bank delivered resilient earnings with net profit at US$418.083 million and increased fourth quarter profits of 33% to US$51,117 million compared to the same period in 2008 despite the challenges faced from the global financial downturn. 

]]></description>
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<title><![CDATA[Dubai&#039;s debt may hurt UAE property market, says Nomura ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43690</link>
<description><![CDATA[UAE. Nomura said Dubai&#039;s debt crisis has sapped investor confidence and may hurt the property industry in the UAE this year.]]></description>
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<title><![CDATA[Barclays to defer bonuses for up to three years  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43673</link>
<description><![CDATA[INTERNATIONAL Top staff at Barclays will defer payment of up to 100% of their bonuses for up to three years as they seek to respond to public anger about banking pay.]]></description>
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<title><![CDATA[Dubai World assets exceed US$120 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43686</link>
<description><![CDATA[UAE. Dubai World&#039;s property and investment assets exceeded US$120 billion at the end of 2009 and could cover its debt of US$57 billion, Al Ittihad said on Sunday.

]]></description>
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<title><![CDATA[Confidence returning to the UAE property market, says Chesterton]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43677</link>
<description><![CDATA[UAE. Chesterton, the international property agency established in 1805, believes confidence has returned to the UAE based on several economic indicators. 

]]></description>
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<title><![CDATA[Dubai World Chairman receives high-level Chinese delegation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43674</link>
<description><![CDATA[UAE. HE Sultan Ahmed Bin Sulayem, Chairman, Dubai World, has received a high-powered delegation from China led by HE Guo Shengkum, Secretary of CPC Guangxi Committee and Chairman of the Standing Committee of Guangxi People&#039;s Congress.]]></description>
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<title><![CDATA[Saudi shares slip 1.35% on global outlook ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43670</link>
<description><![CDATA[SAUDI ARABIA. Saudi shares tumbled the most in more than six weeks, led by Sabic and Samba, as President Obama&#039;s plan to rein in banks sent shares tumbling across the globe. 

]]></description>
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<title><![CDATA[Saudi investments in Dubai Financial Market down 65%, says al-Eqtisadiya ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43669</link>
<description><![CDATA[SAUDI ARABIA. Saudi transactions in Dubai fell to AED10.3 billion (US$ 2.7 billion dollars) in 2009 from AED16 billion in 2008.]]></description>
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<title><![CDATA[Ernst &amp; Young to speak on Global Risks at Saudi&#039;s Global Competitiveness Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43666</link>
<description><![CDATA[SAUDI ARABIA. Ernst &amp; Young will take part in the panel discussion titled Global Risks 2010, at the Global Competitiveness Forum organised by SAGIA which opened Saturday in Riyadh.]]></description>
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<title><![CDATA[US Fed&#039;s Bernanke second term in doubt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43663</link>
<description><![CDATA[INTERNATIONAL. With the US job market in disarray and voters angry at Wall Street, members of Congress facing mid-term elections in November have come down hard on the central bank.

]]></description>
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<title><![CDATA[Nouriel Roubini sees markets falling, sovereign defaults spreading ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43654</link>
<description><![CDATA[INTERNATIONAL. If I&#039;m correct, by the second half of the year, there&#039;s going to be a slowdown of growth in US, Europe and Japan. That could be the beginning of a market correction because the macroeconomic news is going to surprise on the downside, Roubini said.
]]></description>
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<title><![CDATA[Eastbridge Al Mal Holdings to invest in US real estate opportunities]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43656</link>
<description><![CDATA[KUWAIT. Eastbridge Al Mal&#039;s real estate activities will principally be focused on opportunistic investments in high quality, income producing commercial real estate assets in major US cities ]]></description>
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