<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[Gold down 0.7% on the week as physical buyers cash in ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56493</link>
<description><![CDATA[INTERNATIONAL. &quot;We have noted that many of our physical customers have actually redeemed a decent amount of Gold over the course of the last week,&quot; says Gerhard Schubert. ]]></description>
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<title><![CDATA[NYSE Euronext, Deutsche Boerse terminate merger agreement]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56492</link>
<description><![CDATA[INTERNATIONAL. In light of the decision by the European Commission to block the proposed merger agreement, both companies have agreed to a mutual termination of the business combination agreement.]]></description>
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<title><![CDATA[Bernanke&#039;s comments &#039;lend support&#039; to Gold, but precious metals dip following strong US jobs news]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56490</link>
<description><![CDATA[INTERNATIONAL. Spot market gold prices slipped back below US$1,730 an ounce while stock markets rallied strongly following the release of better-than-expected US jobs figures]]></description>
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<title><![CDATA[UAE, Qatar stop trade finance to Iran over sanctions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56488</link>
<description><![CDATA[UAE. The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme.

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<title><![CDATA[Sustainable budget should be top US priority, says Bernanke]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56486</link>
<description><![CDATA[INTERNATIONAL. Bernanke warned in testimony to the House of Representatives that the US fiscal trajectory remains troublesome.  

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<title><![CDATA[Chinese &amp; Indian Gold demand rising as zero rates &#039;distort&#039; investment markets, &#039;may kill credit&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56484</link>
<description><![CDATA[INTERNATIONAL. So far in 2012, imports of Gold Bullion to India - the world&#039;s No.1 consumer - have been &quot;significantly above average&quot; reports UBS strategist Edel Tully, despite last month&#039;s doubling of import duties.

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<title><![CDATA[&#039;Gold is way too cheap,&#039; says James Turk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56483</link>
<description><![CDATA[INTERNATIONAL. GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January and projects that gold will hit the US$2,000 mark within three months. ]]></description>
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<title><![CDATA[Commodities: Glencore and Xstrata in US$80 billion merger talks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56482</link>
<description><![CDATA[INTERNATIONAL. The world&#039;s largest diversified commodities trader already owns a 34% stake in Xstrata and a tie-up between the two Swiss-based businesses has long been expected. ]]></description>
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<title><![CDATA[Zuckerberg&#039;s control over 57% of Facebook may deter potential investors ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56481</link>
<description><![CDATA[INTERNATIONAL. Zuckerberg&#039;s control means directors and shareholders will have less sway over the company&#039;s direction, &quot;which is terribly harmful to any notion of accountability.&quot;]]></description>
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<title><![CDATA[Eurozone should exit mild recession by late 2012, says S&amp;P report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56476</link>
<description><![CDATA[INTERNATIONAL. The core countries will likely lead the way back to growth; Risks of a gloomier outcome have not diminished yet.]]></description>
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<title><![CDATA[Gold investors flock to Abu Dhabi, says ADS Securities]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56467</link>
<description><![CDATA[UAE. Investors from around the world are searching for the most competitive prices and are finding some of the very best deals in Abu Dhabi.]]></description>
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<title><![CDATA[Saudi Chartbook February 2012: Consumer spending remains strong ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56474</link>
<description><![CDATA[SAUDI ARABIA. Jadwa Investment has issued today its latest monthly chart-based review of Saudi Arabia&#039;s latest economic and stock market data.]]></description>
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<title><![CDATA[Eurozone confidence returns but the imposition by unelected officials on Greece is a recipe for geopolitical disaster]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56472</link>
<description><![CDATA[UAE. European Central Bank has calmed nerves but not solved the problems; Gold one of the best asset classes in January, says Gary Dugan.
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<title><![CDATA[Mashreq reports net profit of AED820 million for 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56469</link>
<description><![CDATA[UAE. The total income for 2011 of AED3.9 billion represents an 11.7% drop relative to 2010.]]></description>
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<title><![CDATA[Majid Al Futtaim prices US$400 million sukuk issue ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56468</link>
<description><![CDATA[UAE. The sukuk was 4 times oversubscribed with over 140 orders and features well-diversified investor participation]]></description>
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<title><![CDATA[Thomson Reuters and Crescent Wealth launch Islamic investment index for the Australian market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56463</link>
<description><![CDATA[INTERNATIONAL. The index enables investors to benchmark the Australian equities market and therefore provides a powerful tool to those wishing to expand and diversify their investment portfolios in accordance with Islamic principles.]]></description>
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<title><![CDATA[Global pension fund assets hit record high in 2011 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56462</link>
<description><![CDATA[UAE. Global institutional pension fund assets in the 13 major markets grew by 4% during 2011 to reach a new high of US$28 trillion. But global pensions balance sheet weakened by burgeoning liabilities.]]></description>
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<title><![CDATA[MENA region faces headwinds but should manage 3.5% growth as domestic demand returns]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56461</link>
<description><![CDATA[UAE. A perfect storm is brewing for the global economy; The surge in commodities in 2011, partly due to the US Fed&#039;s QE 2 programme, saw the outlook for the Middle East and North Africa improve, according to Saxo Bank.]]></description>
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<title><![CDATA[Saudi investments expected to increase following new double tax treaties with Bangladesh and Singapore ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56460</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia continues its drive to enhance investment landscape, says Deloitte.]]></description>
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<title><![CDATA[Lebanon &#039;B/B&#039; ratings affirmed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56459</link>
<description><![CDATA[INTERNATIONAL. &quot;Lebanon continues to face internal and external political challenges, which constrain growth, hinder fiscal consolidation, and increase the country&#039;s vulnerability to a balance of payments crisis.&quot;]]></description>
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<title><![CDATA[Emerging markets: Are the opportunities worth the challenge? ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56453</link>
<description><![CDATA[UAE. Spectacular growth, cheap labour, abundant natural resources, pent-up consumer demand - emerging markets have it all! Now here&#039;s the downside...]]></description>
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<title><![CDATA[Gold up 10% YTD - Speculators yet to join the party]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56452</link>
<description><![CDATA[INTERNATIONAL. With gold starting 2012 at a cracking pace, gaining 10% in the first month (equaling the gains of the whole of 2011) - gold may be poised to set fresh highs this year.]]></description>
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<title><![CDATA[Oil market outlook 2012: WTI crude oil prices expected to stay in the range of US$95-US$100 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56451</link>
<description><![CDATA[KUWAIT. Oil prices expected to be volatile as European debt crisis remains unresolved; China to remain the main oil demand growth driver in 2012.]]></description>
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<title><![CDATA[Dow Jones Indexes named &#039;Best Islamic Index Provider in Malaysia&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56446</link>
<description><![CDATA[INTERNATIONAL. 2012 honour marks the 28th industry award for Dow Jones Islamic Market Indexes since its 1999 launch.]]></description>
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<title><![CDATA[Infrastructure development, youth engagement &amp; entrepreneurship, and increased political will identified as key drivers for future African growth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56435</link>
<description><![CDATA[INTERNATIONAL. Africa investor and Brand South Africa convene global business leaders at WEF.]]></description>
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<title><![CDATA[Deutsche Bank holds fourth annual Middle East Equity Conference  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56443</link>
<description><![CDATA[UAE. The conference includes participating companies from a broad range of sectors including banking, telecommunication, real estate, infrastructure, consumer goods and industrials. ]]></description>
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<title><![CDATA[Saudi Arabia-based Al Sagr Cooperative Insurance assigned &#039;BBB&#039; ratings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56442</link>
<description><![CDATA[INTERNATIONAL. The company&#039;s business profile is good and has the potential to improve further as it executes on its growth strategy, says S&amp;P
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<title><![CDATA[Analysis: Saudi Arabia to open up stock market to international investors  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56441</link>
<description><![CDATA[SAUDI ARABIA. Kingdom seeks to diversify from its core oil resources and emerge as a strong financial centre in the Gulf Cooperation Council. ]]></description>
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<title><![CDATA[Dana Gas Sukuk yields near record on lack of payment strategy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56437</link>
<description><![CDATA[UAE. Dana Gas, which said yesterday 2011 profit more than tripled, didn&#039;t give investors details of how it plans to pay the sukuk. 

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<title><![CDATA[Beijing shoppers &#039;snatching up gold&#039;, Germany &#039;failing to learn lessons of history&#039; with Greek fiscal plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56434</link>
<description><![CDATA[INTERNATIONAL. During last week&#039;s Lunar New Year holiday, China saw a &quot;gold rush&quot;, with consumers spending more on buying gold than during the 2011 festival, according to a China Daily report.]]></description>
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<title><![CDATA[Royal Bank of Scotland boss turns down disputed bonus]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56431</link>
<description><![CDATA[INTERNATIONAL.  The chief executive of Britain&#039;s state-rescued RBS has turned down his hotly-disputed bonus of shares worth close to 1 million pounds, amid a row over executive pay.]]></description>
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<title><![CDATA[Bahrain attracts over US$300 million of investments in 2011 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56427</link>
<description><![CDATA[BAHRAIN. Last year saw the Bahrain EDB attracted nearly twenty international businesses from around the globe, whilst the number of financial services businesses with Central Bank of Bahrain licenses rose from 401 to 414.]]></description>
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<title><![CDATA[QFC Regulatory Authority symposium to address financial risk in the GCC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56425</link>
<description><![CDATA[QATAR. In responding to the lessons of the global financial crisis, financial regulators have placed an increased emphasis on identifying, assessing and managing financial risk.]]></description>
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<title><![CDATA[MENA will stand stronger by end 2012 following increased volatility]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56420</link>
<description><![CDATA[UAE. Steen Jakobsen, Saxo Bank&#039;s chief economist, will visit Dubai on 1 February to discuss the current market status and the Bank&#039;s outlook for Q1 2012.

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<title><![CDATA[Up to US$400 billion of money &#039;in play&#039; for hedge funds in 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56418</link>
<description><![CDATA[INTERNATIONAL. The hedge fund industry faces challenges in 2012, but also a year of significant opportunity, according to a Barclays Capital report, The Money Trail, released today.

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<title><![CDATA[PwC&#039;s Economic Crime Survey projects an increase in bribery and corruption in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56417</link>
<description><![CDATA[UAE. 28% of businesses and other organisations in the Middle East reported economic crime in the last 12 months, according to data released today at the 3rd Anti Corruption Summit in Abu Dhabi.  
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<title><![CDATA[Nearly 50% of all organizations view emerging markets like the Middle East as a top strategic business issue, reveals Deloitte global mobility survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56416</link>
<description><![CDATA[INTERNATIONAL. A mere 2% of all organizations surveyed feel there is currently complete alignment between their global mobility function and business and talent strategies - although almost 90% feel it is important.]]></description>
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<title><![CDATA[George Soros is among &#039;angels&#039; who want civilization to survive]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56414</link>
<description><![CDATA[INTERNATIONAL. &quot;I am right now on the side of the angels. Not an easy role to play.&quot; Soros said he is among those &quot;trying to keep the system together.&quot;]]></description>
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<title><![CDATA[HC Securities advising on &#039;three big M&amp;As in the region&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56409</link>
<description><![CDATA[INTERNATIONAL. Transactions will exceed US$300 million each. &quot;We are very bullish on Qatar and Saudi Arabia, helped by higher oil prices,&quot; Chairman Hussein Choucri said.
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<title><![CDATA[QInvest acquires stake in Qatar landscaping services companies ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56403</link>
<description><![CDATA[QATAR. &quot;The availability of increasingly sophisticated and environmentally friendly landscaping and maintenance solutions will be appreciated by customers as they drive the exciting transformation of Qatar over the next few years.&quot;]]></description>
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<title><![CDATA[Eurozone &#039;wreck&#039; may force Greece out within a year, says Nouriel Roubini]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56413</link>
<description><![CDATA[INTERNATIONAL. Roubini sees a severe recession in Europe and a 50% probability &quot;that over the next three to five years the euro zone will break up.]]></description>
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<title><![CDATA[Saudi Arabian 2012 inflation to average 4.3%, says Al Rajhi Capital]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56412</link>
<description><![CDATA[SAUDI ARABIA. Consumer prices rose an annual 5.3% in December, the Saudi Press Agency reported on January 14, citing data from the Central Department of Statistics.]]></description>
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<title><![CDATA[Saudi Arabia&#039;s central bank, CMA to coordinate supervision]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56411</link>
<description><![CDATA[SAUDI ARABIA. SAMA will play a bigger role in the supervision of the financial sector as the kingdom weighs opening up its stock market to foreigners.
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<title><![CDATA[Waist deep in the Big Muddy: Fed may lead planet into financial chaos as other nations follow farther into a swamp of liquidity]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56410</link>
<description><![CDATA[INTERNATIONAL. In order to keep rates low, the Fed must continually print money to buy US Treasuries. This will likely push more investors into gold and away from dollar-denominated assets.
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<title><![CDATA[National oil companies facing seismic shift in global risk landscape in 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56404</link>
<description><![CDATA[INTERNATIONAL. Operating across international borders and &quot;mega catastrophe&#039; risks rank among the greatest challenges facing NOCs; Marsh conference, February 6-8 in Dubai, will address opportunities and hazards associated with global expansion and natural catastrophes. ]]></description>
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<title><![CDATA[Wood, Trees &amp; Gold ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56397</link>
<description><![CDATA[INTERNATIONAL. Gold Investment beat every other store of value hands down in the decade just gone. Pretty much every currency you can name lost 85% of its value in gold. Yet the sheer quantity of new money pouring into central-bank vaults saw their gold holdings only just hold their ground. Gold&#039;s rise, in short, has been buried under wood-pulp.
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<title><![CDATA[Europe financial crisis is at &#039;beginning of the end,&#039; says Nomura]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56396</link>
<description><![CDATA[INTERNATIONAL. The worst of the European sovereign debt crisis may be over as the region&#039;s banks are increasingly able to access funding, Nomura top executive says in Davos.]]></description>
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<title><![CDATA[Zain Saudi Arabia to extend US$2.6 billion Islamic financing facility]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56394</link>
<description><![CDATA[SAUDI ARABIA. Earlier this month, Zain Saudi Arabia posted an 11% decline in losses, bringing the firm&#039;s accumulated losses to about 9.6 billion riyals, around two-thirds of the company&#039;s 14 billion riyals of share capital.]]></description>
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<title><![CDATA[Maktari still bullish on gold, willing to wait out US$2,000 level ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56393</link>
<description><![CDATA[UAE. 2012 Gold Forecast: With continued tension in the Middle East and more financial turmoil looming, &#039;Gold Hand&#039; Maktari says this is another year for the record books.]]></description>
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<title><![CDATA[Gold gains 4.2% on the week following FOMC &#039;catalyst&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56381</link>
<description><![CDATA[INTERNATIONAL. Gold prices closed US$71 up on the week for their biggest one-week rise since the start of December, climbing back through US$1,737 an ounce - a weekly gain of over 4.2%.]]></description>
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<title><![CDATA[City of London&#039;s long term prosperity dependent on maintaining a multicultural workforce]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56392</link>
<description><![CDATA[INTERNATIONAL. L3F report explores the financial services industry to 2050; Surprises include the size, rocation and role of financial services; The report is being published by Long Finance as part of the Financial Centre Futures programme sponsored by Qatar Financial Centre Authority. ]]></description>
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<title><![CDATA[Falcon Private Bank launches MENASA Fixed Income Fund]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56391</link>
<description><![CDATA[INTERNATIONAL. Emerging markets are expected to increasingly decouple from developed markets and as such offer a diversified investment opportunity. ]]></description>
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<title><![CDATA[Crises offer unique opportunities to lay foundation for sustainable global growth, says Ahmed Heikal ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56387</link>
<description><![CDATA[EGYPT. Investors will maximize their chances of locking in attractive long-term returns by investing in businesses that provide solutions to some of the greatest challenges of our age, the Chairman and Founder of Citadel Capital, the leading private equity firm in the Middle East and Africa, said in Davos.]]></description>
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<title><![CDATA[Fitch cuts rating of five eurozone countries]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56386</link>
<description><![CDATA[INTERNATIONAL. Rating agency Fitch on Friday downgraded five eurozone countries, including Italy and Spain, citing their vulnerability to sharp turns in market sentiment.]]></description>
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<title><![CDATA[Facebook may file for IPO next week]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56385</link>
<description><![CDATA[INTERNATIONAL. Facebook may file papers for an initial public offering next week that would value the social network at up to US100 billion, The Wall Street Journal reported. ]]></description>
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<title><![CDATA[UK sets criteria for additional IMF funds]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56384</link>
<description><![CDATA[INTERNATIONAL. Eurozone countries must show &quot;the colour of their money&quot; in shoring up the single currency before any IMF funds are given to members facing economic collapse.]]></description>
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<title><![CDATA[Davos update: Saudi Arabia says may be ready to raise IMF contribution]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56382</link>
<description><![CDATA[SAUDI ARABIA. &quot;We have been there for the IMF for a long time; over 35 years we have been providing loans to the IMF. Also we have a large shareholding, we like to maintain that or increase it,&quot; Finance Minister Ibrahim al- Assaf said.]]></description>
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<title><![CDATA[Dubai to pay debts in 2012  &#039;without a doubt&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56368</link>
<description><![CDATA[UAE. Dubai doesn&#039;t expect to need financing from Abu Dhabi in 2012 to meet its schedule of repaying US$14 billion in debt, the chief executive of Investment Corp. of Dubai said in Davos.]]></description>
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<title><![CDATA[Africa seen as most attractive region for investment in the next decade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56377</link>
<description><![CDATA[UAE. An exclusive video interview with Invest AD Head of Asset Management, Mohammed Al Hashemi, following a report &quot;Into Africa, Institutional Investors Intentions to 2016&quot; written by the Economist Intelligence Unit.

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<title><![CDATA[Fears of eurozone credit crunch grow]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56376</link>
<description><![CDATA[INTERNATIONAL. Fears of an emerging credit crunch in the eurozone increased on Friday as data showed a sharp slowdown in bank lending to the private sector, despite recent unprecedented injections of liquidity.

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<title><![CDATA[Gold proves safest as Goldman forecasts record]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56373</link>
<description><![CDATA[INTERNATIONAL. Gold provided the best returns of all commodities in the past five years when adjusted for volatility; Goldman Sachs says the rally will continue as options traders signal no change in the metal&#039;s relatively low risk.]]></description>
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<title><![CDATA[UAE chips in with US$545 million to help citizens&#039; debts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56371</link>
<description><![CDATA[UAE. The president of the United Arab Emirates has instructed authorities to aid nearly 7,000 citizens who defaulted on personal debts.]]></description>
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<title><![CDATA[Fayyaz Alimohamed sees &#039;mania&#039; in junior mining stocks, recommends holding physical gold outside the banking system]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56366</link>
<description><![CDATA[INTERNATIONAL. In this exclusive Gold Report interview, Fayyaz Alimohamed, CEO of Altair Ventures Inc. and publisher of the Acamar Journal, offers historical perspective and predictions on the global economic crisis. ]]></description>
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<title><![CDATA[Africa emerging as an increasingly important player in the global economy, says Brand South Africa]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56361</link>
<description><![CDATA[INTERNATIONAL. The relative decline of the West&#039;s traditional political and economic power and the rise of new emerging market powers and groupings, such as the BRICS nations, are changing the way the world understands and relates to itself.]]></description>
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<title><![CDATA[With US 10 year bond yields hovering around 2%, more and more investors will look to higher yielding bond markets, says Gary Dugan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56363</link>
<description><![CDATA[UAE.  &quot;We continue to be struck by the gap between yields in the US and other highly rates paper in the MENA region. US 10 year yields are around 2%, Qatar bonds on a similar credit rating trade on a close to a 4% yield.&quot;
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<title><![CDATA[&#039;Fed euphoria&#039; sees gold prices touch 7-week high as 0% rates promised &#039;til 2014]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56362</link>
<description><![CDATA[INTERNATIONAL. &quot;Financial repression,&quot; says Pimco&#039;s Bill Gross on Twitter, pointing to the loss of real value imposed on savers by sub-zero returns after inflation. &quot;QE 2.5 today, QE 3, 4, 5... lie ahead.&quot;

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<title><![CDATA[Arab Spring stumps Davos investors year after Egypt revolt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56356</link>
<description><![CDATA[INTERNATIONAL. One year after Egypt knocked global finance off the agenda at the World Economic Forum, Arab officials returning to Davos may struggle to drum up interest in the region. 

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<title><![CDATA[CEOs say 2012 prospects gloomy for global economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56359</link>
<description><![CDATA[INTERNATIONAL.  Nearly half of the 1258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC&#039;s 15th Annual Global CEO Survey. But, confidence in company revenue growth remains ahead of 2009.

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<title><![CDATA[Global Competitiveness Forum 2012 concludes with call for more openness to foster entrepreneurship ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56357</link>
<description><![CDATA[SAUDI ARABIA. Entrepreneurship will thrive with locally appropriate solutions; In the emerging economies, entrepreneurship needs to be a national effort supported by appropriate eco-systems and policies.]]></description>
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<title><![CDATA[Gold rises above US$1,700 to 6-week high on Fed rate vow]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56349</link>
<description><![CDATA[INTERNATIONAL. Gold jumped to its strongest in more than a month in choppy trade after a promise by the US Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal&#039;s safe-haven appeal.

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<title><![CDATA[Gold &#039;still respecting&#039; post-Lehman trend, Fed policy &#039;set to support&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56347</link>
<description><![CDATA[INTERNATIONAL. &quot;On the weekly chart, gold is still respecting the uptrend off the October 2008 low, with key support at US$1,550,&quot; says the latest report from technical analysts at gold bullion bank Scotia Mocatta.

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<title><![CDATA[Deloitte launches first Middle East Tax Chief Compliance Officer Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56345</link>
<description><![CDATA[UAE. Support to Middle East financial institutions to meet the challenges of FATCA; Forum to take place on January 31 and February 1 in Dubai.]]></description>
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<title><![CDATA[Despite global economic turmoil, foreign direct investment increased in 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56343</link>
<description><![CDATA[INTERNATIONAL. Global FDI rose by 17%, according to a UN report which predicts it will continue to increase this year but warns of the risks posed by the frail economic climate.
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<title><![CDATA[The Boston Consulting Group Ranks No. 2 Among FORTUNE&#039;s &#039;Best Companies to Work For&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56341</link>
<description><![CDATA[UAE. Showing rare consistency, BCG is one of only two companies to make the top dozen every year since 2006; Earns first place honors among smaller companies for the fifth time and continues to enjoy the highest ranking among consultancies by a wide margin.

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<title><![CDATA[Dubai Holding unit confirms repayment of US$500 million bond ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56337</link>
<description><![CDATA[UAE. Dubai Holding Commercial Operations Group confirmed today the repayment of a US$500 million bond maturing on February 1, and three scheduled coupon payments on its Medium Term Notes.
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<title><![CDATA[Citadel Capital sees &#039;strong&#039; interest in Egypt food, transport]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56336</link>
<description><![CDATA[EGYPT. &quot;Egypt has more than 80 million citizens, they still need to eat,&quot; Chairman Ahmed, who is attending the World Economic Forum in Davos, said.]]></description>
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<title><![CDATA[Lagarde says combining ESM, EFSF would boost confidence]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56334</link>
<description><![CDATA[INTERNATIONAL. &quot;If the two of them could make a common European pot, that would send a very strong sign of confidence in Europe,&quot; the IMF Managing Director said.   ]]></description>
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<title><![CDATA[Capitalism seen in crisis by investors, reveals poll]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56330</link>
<description><![CDATA[INTERNATIONAL. International investors say capitalism is in crisis, with almost one in three backing radical changes to the system, according to a Bloomberg survey. 

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<title><![CDATA[Louvre, Guggenheim museums revived in Abu Dhabi after cost reviews]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56329</link>
<description><![CDATA[UAE. Abu Dhabi also approved new investments in housing, health and education, according to a statement posted on the Executive Council&#039;s web site. No cost was given.]]></description>
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<title><![CDATA[Dubai&#039;s MAF Holdings announces sukuk roadshow ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56328</link>
<description><![CDATA[UAE. Majid al Futtaim will begin meeting investors on Sunday ahead of a potential Islamic bond, a statement from the lead managers said.]]></description>
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<title><![CDATA[IMF marks down global growth forecast, sees risk on rise]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56325</link>
<description><![CDATA[INTERNATIONAL. IMF says global recovery expected to stall, risks to intensify; Euro area expected to fall into mild recession, rest of world to slow; Comprehensive package needed to restore financial stability.]]></description>
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<title><![CDATA[Absence of Far East demand sees gold succumb to profit taking as markets &#039;fragile&#039; on Greek debt uncertainty]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56324</link>
<description><![CDATA[INTERNATIONAL. Wholesale market gold prices retreated to roughly where they started the week during Tuesday&#039;s morning session in London, making a 1% drop from yesterday&#039;s 6-week high to US$1,665 an ounce.

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<title><![CDATA[Dubai hosts Precious Metals Investment Summit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56323</link>
<description><![CDATA[UAE. DMCC event, held in the UAE for the first time, brought together a delegation of world-class precious metals mining companies with regional investors.]]></description>
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<title><![CDATA[Lagarde calls for urgent action so 2012 can be &#039;year of healing&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56321</link>
<description><![CDATA[INTERNATIONAL. Stronger growth, larger firewalls, deeper integration needed in Europe; United States, Japan, China must also take steps to strengthen their economies; IMF aims to boost its lending capacity by up to US$500 billion. ]]></description>
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<title><![CDATA[QFC Regulatory Authority issues &#039;Guide to Corporate Governance&#039;  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56319</link>
<description><![CDATA[QATAR. The Guide sets out principles of sound corporate leadership and management, and brings together the key elements relating to corporate governance that are provided for in the QFC Companies Regulations and Regulatory Authority&#039;s rules. ]]></description>
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<title><![CDATA[Global executives foresee leadership shortages while European and Middle East executives appear less concerned about shortfalls in talent ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56316</link>
<description><![CDATA[INTERNATIONAL. Deloitte report identifies a number of significant trends driving corporate talent strategies and tracks how companies are responding to shifting economic realities.]]></description>
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<title><![CDATA[Crude oil and the impact of EU sanctions against Iran]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56315</link>
<description><![CDATA[INTERNATIONAL. Given what we know in terms of supply and demand we feel that oil prices are trading expensively but the geopolitical risk premium will stay for the foreseeable future leaving selling interest only in the hands of brave hearts.

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<title><![CDATA[Abraaj Capital completes sale of Acibadem and acquires stake in Integrated Healthcare]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56313</link>
<description><![CDATA[UAE. Integrated Healthcare will become one of the largest private healthcare providers in the world, with a broad footprint of assets in Malaysia, Singapore, India, Turkey and an operating presence in China, Brunei, Abu Dhabi, Central and Eastern Europe.]]></description>
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<title><![CDATA[QE3 may come in April, says Credit Suisse]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56308</link>
<description><![CDATA[INTERNATIONAL. &quot;We are growing, we just don&#039;t feel prosperous. It is a part of the job of the Fed to assure prosperity, one of the ways to do that is to kick - start housing.&quot; 
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<title><![CDATA[US data may look better than they are, says Goldman Sachs]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56306</link>
<description><![CDATA[INTERNATIONAL. The severity of the economy&#039;s plunge in late 2008 and early 2009 after Lehman Brothers collapsed threw a wrench into models used to smooth the data for seasonal changes, according to analysts at Goldman Sachs and Nomura Securities.]]></description>
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<title><![CDATA[MENA Private Equity Association launches at DIFC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56311</link>
<description><![CDATA[UAE. The Association is a platform for facilitating more investment by private equity and venture capital funds in the region, exchanging information, and lobbying for a better investment environment.]]></description>
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<title><![CDATA[Gold touches six-week high as technicals &#039;turning more bullish&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56299</link>
<description><![CDATA[INTERNATIONAL. Gold hit US$1,677 an ounce Monday morning in London, as stock markets, commodities and the Euro all pushed higher and US Treasury bond prices dipped.
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<title><![CDATA[IMF head urges &#039;larger firewall&#039; against eurozone crisis]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56305</link>
<description><![CDATA[INTERNATIONAL. Christine Lagarde had a dire warning for policymakers if they failed to do what was necessary, saying the world could slide into a &quot;1930s moment&quot; of isolationism, which led to the Great Depression and eventually to world war. ]]></description>
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<title><![CDATA[Middle East business leaders feel strongly about the importance of societal purpose to future success]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56303</link>
<description><![CDATA[INTERNATIONAL. The survey, sponsored by Deloitte and conducted by the Economist Intelligence Unit (EIU), found 76% of respondents believe that the value of a company should be measured by the positive contribution its core business makes to society, as well as by its profits.]]></description>
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<title><![CDATA[Saudi Arabia&#039;s foreign shares listing rules may boost Gulf markets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56295</link>
<description><![CDATA[SAUDI ARABIA. The Arab world&#039;s biggest bourse decision may help the region&#039;s equity markets lure investors and boost trading volumes. ]]></description>
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<title><![CDATA[No cash from emerging economies until given more clout, says Saudi Arabia]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56294</link>
<description><![CDATA[SAUDI ARABIA. Big emerging economies such as China, India and Saudi Arabia will not aid the West in its financial crisis unless they are given more influence in running the global economy, former Saudi intelligence chief Prince Turki al-Faisal said. ]]></description>
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<title><![CDATA[Global Competitiveness Forum opens in Riyadh]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56291</link>
<description><![CDATA[SAUDI ARABIA. Investments are the engine of development, says King Abdullah, stressing the need to increase investment opportunities in the Kingdom.]]></description>
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<title><![CDATA[Majid Al Futtaim earnings rise 18% to over AED2.7 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56288</link>
<description><![CDATA[UAE. Revenue grew by 10% to AED 18.7 billion; Strong balance sheet with assets over AED 35 billion; Highest-rated privately held corporate in the Middle East.]]></description>
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<title><![CDATA[Majority of finance professionals in the UAE are gloomy about economic prospects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56273</link>
<description><![CDATA[UAE. Global trade drying up, says largest ever economic survey of finance professionals; Leading accountancy bodies join forces to provide powerful insight into challenges facing business. ]]></description>
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<title><![CDATA[Saudi Arabia allows foreign companies to list securities]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56282</link>
<description><![CDATA[SAUDI ARABIA. &quot;A foreign issuer whose securities are listed in another regulated exchange may apply for its securities to be registered and admitted to listing.&quot;]]></description>
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