<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 hits new UK all-time high]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42215</link>
<description><![CDATA[INTERNATIONAL. The price of gold slipped for the second day running for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week&#039;s finish, but hit a new all-time record in British Pounds at the AM Gold Fix of 690.83 Pounds per ounce.
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<title><![CDATA[In his gloomiest prediction yet, Marc Faber sees big financial bust leading to war]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42214</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said eventually there will be a big bust and then the whole credit expansion will come to an end. Before that happens, governments will continue printing money which in time will lead to a very high inflation rate.
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<title><![CDATA[SPDR Gold shares make unique investment properties accessible to broader investor base]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42213</link>
<description><![CDATA[INTERNATIONAL. With assets under management in the trust with more than US$40 billion, SPDR Gold Shares has become one of the largest exchange traded funds in existence and is the fastest growing ETF, by assets, in the world. 

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<title><![CDATA[JP Morgan to buy Cazenove]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42212</link>
<description><![CDATA[INTERNATIONAL. Cazenove, the 190-year-old City firm, has unveiled a takeover by JP Morgan in a &Acirc;&pound;1 billion (US$1.66 billion) deal that will trigger windfalls for current and former staff.

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<title><![CDATA[Silver forecast to top US$20 level in the short term on continued surge in investment, says GFMS]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42211</link>
<description><![CDATA[INTERNATIONAL. Investment has surged this year and is expected to drive silver prices higher, with the US$20 level likely to be breached in the short term. Conditions should eventually become less supportive of investment demand during the course of next year.

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<title><![CDATA[Abu Dhabi&#039;s First Gulf bank raises US$500 million bond]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42205</link>
<description><![CDATA[UAE. Abu Dhabi&#039;s First Gulf Bank has raised US$500 million with a 3-year conventional bond for general corporate purposes.]]></description>
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<title><![CDATA[Saudi central bank says Dollar is &#039;serving us very well,&#039; no need for change now]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42208</link>
<description><![CDATA[INTERNATIONAL. Pegging a planned new Gulf currency to a basket of currencies is one option on the table although there is no perfect solution, Saudi Arabia&#039;s top monetary official, Muhammad al-Jasser, said ]]></description>
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<title><![CDATA[Middle East gold demand drops 34% in third quarter ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42206</link>
<description><![CDATA[INTERNATIONAL. Jewellery demand, of 69.0 tonnes, was down 34% on year earlier levels, while net retail investment demand of 6.4 tonnes was 11% lower. However, retail investment and jewellery demand were both above the levels seen in the second quarter of this year.

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<title><![CDATA[Social and economic factors signal a shift in training needs for finance professionals]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42174</link>
<description><![CDATA[INTERNATIONAL. Social and economic trends have influenced dramatically the training requirements of the global finance profession, according to a new report by ACCA. ]]></description>
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<title><![CDATA[Societe Generale Group opens  wealth management office in Bahrain]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42191</link>
<description><![CDATA[BAHRAIN. Societe Generale Wealth Management will offer high net worth individuals based in the Gulf Cooperation Council. ]]></description>
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<title><![CDATA[UAE banks have US$2.9 billion exposure to Saad, Al-Gosaibi Saudi groups]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42203</link>
<description><![CDATA[UAE. The Central Bank of the UAE said Thursday that 20 banks operating in the country have a combined exposure of US$2.9 billion to two troubled Saudi Arabian business groups.]]></description>
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<title><![CDATA[Saudi, Qatar and Abu Dhabi seen leading the way in GCC recovery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42201</link>
<description><![CDATA[GCC. Despite the enormous wealth at its disposal, the Gulf has proved more vulnerable to global recession than many other emerging markets, according to HSBC Global Research.

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<title><![CDATA[Early Gulf recovery depends on better use of oil revenue, says HSBC ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42190</link>
<description><![CDATA[KUWAIT. Simon Williams, chief economist at HSBC Middle East-Gulf bank, said  an early economic recovery in the Gulf countries depends mainly on a better manipulation of the oil revenues generated between 2003 and 2008]]></description>
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<title><![CDATA[Gold dip offers buying opportunity]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42200</link>
<description><![CDATA[INTERNATIONAL. The price of gold slipped Thursday in London, losing almost 2% from yesterday&#039;s new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world&#039;s richest economies.

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<title><![CDATA[Investors ruling out US Fed rate hike before second half of 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42178</link>
<description><![CDATA[INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November. ]]></description>
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<title><![CDATA[Marc Faber says economy not responding well to money printing]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42168</link>
<description><![CDATA[INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn&#039;t responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.]]></description>
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<title><![CDATA[Record-high gold is &#039;cheap&#039; says SocGen]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42167</link>
<description><![CDATA[INTERNATIONAL. Thanks to what he calls the &quot;market displacement&quot; of huge monetary expansion worldwide, Dylan Grice believes the gold price has yet to undergo four further stages of a &quot;Minskian mania&quot; - boom, euphoria, crisis and finally revulsion. ]]></description>
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<title><![CDATA[The dollar is on death row with no one prepared to grant a stay of execution, says Louis James]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42152</link>
<description><![CDATA[INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world&#039;s reserve currency. And there are some pretty hot speculative prospects - Louis&#039; &#039;best of the best&#039;  - waiting in the wings for the market&#039;s next big leg down.

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<title><![CDATA[International Investment Bank announces its third quarter results]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42163</link>
<description><![CDATA[BAHRAIN. Total Income for the third quarter of 2009 was US$1.3 million, mainly derived from investment banking fees generated from the structuring, underwriting and placement of new investments.]]></description>
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<title><![CDATA[Jordan&#039;s Middle East Insurance assigned &#039;BBB&#039; long-term ratings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42157</link>
<description><![CDATA[JORDAN. Standard &amp; Poor&#039;s Ratings Services said today that it assigned its &#039;BBB&#039; long-term counterparty credit and insurer financial strength ratings to Jordan-based MEICO. Outlook stable]]></description>
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<title><![CDATA[S&amp;P assigns &#039;AA-&#039; rating to Qatar&#039;s US$7 billion global bond issue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42156</link>
<description><![CDATA[QATAR. The proceeds of the bonds will help the State of Qatar&#039;s general financing, and will be used in areas such as contingency funding for entities that the state owns or controls, and infrastructure investments funding in and outside the hydrocarbon sector. ]]></description>
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<title><![CDATA[Kotak Mahindra Bank launches its first international representative office in Duba]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42149</link>
<description><![CDATA[UAE. The move signifies the strength of both the Indian and UAE economies, and highlights the thirst in the region for access to Indian investment opportunities.]]></description>
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<title><![CDATA[KFH-Bahrain in Landmark Sukuk issue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42141</link>
<description><![CDATA[BAHRAIN. Kuwait Finance House - Bahrain acted as a Joint Lead Manager and a Bookrunner for the US$100 million Sukuk issue for the International Finance Corporation .]]></description>
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<title><![CDATA[Kuwait stocks hit 33-week low on Agility indictment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42135</link>
<description><![CDATA[KUWAIT. Shares in Kuwaiti logistics firm Agility tumbled on Tuesday after a US grand jury indictment, dragging Kuwait&#039;s bourse to its largest one-day drop for 19 weeks as transparency concerns spurred selling.

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<title><![CDATA[Gold &#039;offers buying opportunity&#039; as monetary debauchment &amp; peak output will drive prices to US$2,000 within six months]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42130</link>
<description><![CDATA[INTERNATIONAL. When investors lose trust in conventional currencies, because monetary policy appears set to debauch them, gold is the immediately available safe haven,&quot; said Martin Hutchinson, adding &#039;during such periods, gold&#039;s former importance as a store of value becomes uppermost in the public mind, and its price becomes a major economic indicator.
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<title><![CDATA[UAE bank loan provisions still rising   ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42129</link>
<description><![CDATA[UAE. UAE banks set aside a further US$1.08 billion in specific provisions for non-performing loans in the third quarter, but the pace of increase appears to be slowing.

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<title><![CDATA[Lloyds TSB Middle East is named Best International Bank for fourth year running]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42127</link>
<description><![CDATA[INTERNATIONAL. Lloyds TSB Middle East has been awarded the title of Best International Bank by Ethos Consultancy in their annual service quality bank benchmarking study.  ]]></description>
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<title><![CDATA[Region emerging as a forex trading hub, says DGCX]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42125</link>
<description><![CDATA[UAE. On-exchange currency trading in the Middle East set fresh records in 2009, with the region emerging as an important trading hub, said Kevin Day, of Dubai Gold &amp; Commodities Exchange. ]]></description>
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<title><![CDATA[SHUAA Capital appoints two new board members]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42121</link>
<description><![CDATA[SHUAA Capital today appointed two new members to its Board of Directors Hesham Al Qassim and Abdullatif Al Mulla.]]></description>
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<title><![CDATA[Global corporate default rate rises to 9.71% in October 2009, article says]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42118</link>
<description><![CDATA[INTERNATIONAL. The number of global weakest links remains elevated, even as the economy starts to show signs of recovery. ]]></description>
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<title><![CDATA[New strategies for new economic realities]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42079</link>
<description><![CDATA[BAHRAIN. 1,200 industry leaders and key regulators prepare to meet in Bahrain to discuss the future direction of Islamic finance at the 16th Annual WIBC.]]></description>
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<title><![CDATA[Investment Dar reaches majority agreement on standstill]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42093</link>
<description><![CDATA[KUWAIT. Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating Committee of its banks and investors. ]]></description>
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<title><![CDATA[Non-oil trade volume between UAE and India reaches US$44.5 billion in 2008-2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42085</link>
<description><![CDATA[UAE. Sharjah Chamber of Commerce and Industry held today a press conference to announce the launching of the first India-Sharjah Business and Cultural Forum.]]></description>
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<title><![CDATA[Middle East to benefit from Interbank FX&#039;s private label forex partnerships]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42086</link>
<description><![CDATA[INTERNATIONAL. Interbank FX as expanded their footprint in the Middle East, focusing on institutions seeking sophisticated IT solutions.]]></description>
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<title><![CDATA[Qatar plans to issue bonds for &#039;contingency funding&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42082</link>
<description><![CDATA[QATAR. Qatar plans to sell bonds denominated in US dollars due in 2015, 2020 and 2040.]]></description>
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<title><![CDATA[The National Bank of Kuwait selects GMT Planet for network-wide branch ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42077</link>
<description><![CDATA[KUWAIT. More than US$43 billion in consolidated assets, the bank will deploy GMT Planet across its network of Kuwaiti branch locations. 
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<title><![CDATA[Saudi Capital Market Authority grants licenses for three SHUAA funds]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42078</link>
<description><![CDATA[SAUDI ARABIA. The three funds will take a conservative approach to investment and will focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs.]]></description>
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<title><![CDATA[Mining stocks gain as gold hits new all-time high]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42074</link>
<description><![CDATA[INTERNATIONAL. I see gold rising to US$1,300 an ounce. It&#039;s not an unreasonable call at all if you look at how the dollar behaves, said Wallace Ng.
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<title><![CDATA[Dubai Financial Market brokers hail the succesful migration to X-Stream]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42064</link>
<description><![CDATA[UAE. The shifting to the new trading system on 29 October 2009, was welcomed by the brokerage community, highlighting the importance of this new platform in supporting their business activities.]]></description>
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<title><![CDATA[Rasmala launches &#039;MENA Brokerage Platform&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42055</link>
<description><![CDATA[INTERNATIONAL. Clients will be able to trade in all markets through a one-stop-shop portal and one account, as well as have a consolidated view of their entire portfolio through a single system. 

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<title><![CDATA[Kuwait shares decline to seven-month low ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42048</link>
<description><![CDATA[GCC. Kuwait shares tumbled to their lowest level since April after Burgan Bank SAK became the country&#039;s latest company to report lower third-quarter earnings. 

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<title><![CDATA[DFM achieves 100% compliance in local company disclosures of third quarter results ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42032</link>
<description><![CDATA[UAE. The total number of UAE public joint stock companies listed at Dubai Financial Market that disclosed their third quarter results stood at 41 companies.]]></description>
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<title><![CDATA[Gold momentum&#039;s picking up dramatically, says Eric Sprott]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42047</link>
<description><![CDATA[INTERNATIONAL. Although &#039;quantitative easing&#039;  may be propping up the US economy for the time being, it solves nothing and worse than that it is just debasing the currency which will eventually lead to hyperinflation. ]]></description>
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<title><![CDATA[Gulf Finance House place second convertible murabaha facility with Deutsche Bank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42015</link>
<description><![CDATA[BAHRAIN. Gulf Finance House GFH announced it has signed an agreement today with Deutsche Bank for the placement of its second US$100 million convertible murabaha facility]]></description>
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<title><![CDATA[Sakan Finance to enter the mortgage market on December]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42034</link>
<description><![CDATA[EGYPT. The first mortgage finance company to receive licensing from the newly formed Egyptian Financial Supervision Authority]]></description>
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<title><![CDATA[MasterCard premium cardholders to enjoy special privileges]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42025</link>
<description><![CDATA[UAE. MasterCard Premium Cardholders can avail of special offers to celebrate the upcoming Eid Al Adha festival, this year. ]]></description>
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<title><![CDATA[GCC economies seen growing by 6.2% in 2010 on oil prices recovery ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42016</link>
<description><![CDATA[INTERNATIONAL. The recovery in oil prices is set to accelerate Gulf Arab economic growth to as much as 6.2% in 2010 compared to a projected contraction of 0.9% in 2009, EFG Hermes said.

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<title><![CDATA[Investcorp to acquire stake in Gulf Cryo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42014</link>
<description><![CDATA[KUWAIT. Investcorp said its Gulf opportunity fund is to acquire a 20% stake in Gulf Cryo, the Middle East&#039;s leading industrial gases manufacturer.]]></description>
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<title><![CDATA[Investment Dar restructuring progress update]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42011</link>
<description><![CDATA[KUWAIT. The Investment Dar announces that the company and the coordinating committee of TID&#039;s banks and investors will present the terms of a proposed restructuring plan to TID&#039;s banks and investors at meetings in Kuwait and Dubai on 24-25 November respectively.]]></description>
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<title><![CDATA[Dubai lslamic Bank launches new Al Islami Online Banking]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42006</link>
<description><![CDATA[UAE. This upgraded system provides a simple, user-friendly experience and includes many value-added enhancements. ]]></description>
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<title><![CDATA[Dubai Chamber and Emcredit signs Memorandum of Understanding]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42005</link>
<description><![CDATA[UAE. This will allow businesses to enhance their credit risk management processes and sustain business growth in a prosperous trading environment. ]]></description>
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<title><![CDATA[Perla Group acquires DB Aerocopters in a multi-million dollar deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41999</link>
<description><![CDATA[UAE. Perla Group International have recently reached an agreement to acquire 100% shares of Ukraine&#039;s DB Aerocopter. ]]></description>
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<title><![CDATA[Gulf stock offers likely to rebound, says Rothschild ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41995</link>
<description><![CDATA[INTERNATIONAL. Share sales in the Gulf are likely to rebound as family-owned companies seek to fund expansion.]]></description>
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<title><![CDATA[ Middle East stocks in mixed weekly performance, gainers led by Dubai and Egypt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41992</link>
<description><![CDATA[INTERNATIONAL. Arab stocks recorded mixed performances this week despite gains in global markets, oil prices hovering around US$80 per barrel for most of the week and an overall better feeling about the strenght of the global recovery. ]]></description>
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<title><![CDATA[Gold&#039;s upward trend intact on closing week above US$1,100 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41991</link>
<description><![CDATA[INTERNATIONAL. Gold, up 26% this year, has outperformed US stocks and bonds as investors seek to protect their wealth against currency debasement and an inflation threat. 

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<title><![CDATA[Commercial Bank of Qatar bond issue is first ever global Lower Tier II offering from the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41984</link>
<description><![CDATA[QATAR. The bond issue which is due to close on 16 November will be used to repay a US$380  million syndicated loan facility and to fund future growth.  
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<title><![CDATA[Gold is undergoing slight correction but signals Forex crisis ahead]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41988</link>
<description><![CDATA[INTERNATIONAL. Gold&#039;s surge may indicate that investors fear the next stage of the crisis will occur in the foreign-exchange markets, said Philip Coggan in his Buttonwood column for this week&#039;s Economist.]]></description>
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<title><![CDATA[&#039;Gold Hand&#039; Maktari sees gold at US$1,200 by year end]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41982</link>
<description><![CDATA[UAE. In a rare and exclusive interview at the Burj Al Arab 7 star hotel in Dubai, Maktari predicted gold to reach US$1,150 to US$1,200 by the end of the year.


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<title><![CDATA[Marc Faber says US$1,000 gold is new floor  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41972</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said Gold won&#039;t fall below US$1,000 an ounce again as central banks print money to help fund budget deficits. The yellow metal is maybe cheaper today than in 2001, given the interest rates, he said.]]></description>
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<title><![CDATA[Investors confidence in hedge funds is gaining momentum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41975</link>
<description><![CDATA[INTERNATIONAL. Hedge funds globally are up 15% year-to-date, as represented by the Credit Suisse/Tremont Hedge Fund Index, and they are on track to post their best annual returns in 10 years. 

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<title><![CDATA[Jim Rogers explains his stance on gold]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41968</link>
<description><![CDATA[INTERNATIONAL. Jim Rogers reaffirms his view that gold will reach US$2,000 an ounce over the next decade and explains why he is not buying the metal.]]></description>
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<title><![CDATA[Islamic Business &amp; finance industry awards to take place in December]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41966</link>
<description><![CDATA[UAE. CPI Financial has announced it will be hosting the annual Islamic Business and Finance awards to highlight the phenomenal performance of the Islamic finance industry.]]></description>
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<title><![CDATA[Clyde &amp; Co to appear in first pro bono case in DIFC Courts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41955</link>
<description><![CDATA[UAE. The pro bono programme allows individuals who cannot afford a lawyer the ability to seek free advice from lawyers registered with the DIFC Courts. ]]></description>
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<title><![CDATA[Gold climbs to new record-high above US$1,117]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41933</link>
<description><![CDATA[INTERNATIONAL. Gold surged over 1% to a record high on Wednesday as the dollar slipped to its lowest in more than a year.]]></description>
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<title><![CDATA[Ethical approach to finance crucial for sustained recovery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41932</link>
<description><![CDATA[UAE. Islamic finance is playing an important role in the economic recovery due to its adherence to ethical principles of finance, according to Hussain Al Qemzi, Group CEO of Noor Islamic Bank and Noor Investment Group.]]></description>
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<title><![CDATA[Gulf businesses are the most confident globally about growth expectations]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41926</link>
<description><![CDATA[INTERNATIONAL. Businesses in the Gulf are less negatively affected than others by changes in consumer demand and global commodity prices, the ICAEW Global Enterprise Survey revealed. 

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<title><![CDATA[Abu Dhabi&#039;s invest AD invests US$75 million in Turkish logistics firm ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41938</link>
<description><![CDATA[UAE. The transaction is the first by the Abu Dhabi government-owned financial services company for its new private equity fund - Invest AD private equity partners II.]]></description>
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<title><![CDATA[Liongate Capital Management opens office in Dubai International Financial Centre ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41914</link>
<description><![CDATA[UAE. Liongate Capital Management, the award-winning fund of hedge funds manager, has announced the opening of its Dubai office and the award of a license by the Dubai Financial Services Authority to operate from the DIFC.]]></description>
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<title><![CDATA[Gold hovers around US$1,100]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41910</link>
<description><![CDATA[INTERNATIONAL. I&#039;m in the bullish [gold] camp, said Neil Clift, mamging director of JP Morgan Chase&#039;s precious metals division in London, but no matter how strong fundamentals are, when something just goes in one direction...it has to reverse at some point.
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<title><![CDATA[Sukuk issuance surges in &#039;marked turnaround,&#039; says Moody&#039;s ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41909</link>
<description><![CDATA[INTERNATIONAL. Issuance has been dominated by sovereign wealth funds  and government-related entities.]]></description>
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<title><![CDATA[Kuwait&#039;s Gulf Bank ratings lowered to &#039;BBB-/A-3&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41903</link>
<description><![CDATA[INTERNATIONAL. Standard &amp; Poor&#039;s Ratings Services has lowered its long- and short-term counterparty credit ratings on Kuwait-based Gulf Bank to &#039;BBB-/A-3&#039; from &#039;BBB+/A-2&#039;. The outlook is negative.]]></description>
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<title><![CDATA[Borse Dubai International Investor Conference achieves overwhelming success in New York ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41888</link>
<description><![CDATA[UAE. The Borse Dubai International Investor Conference New York 2009 successfully concluded on 3 November 2009.]]></description>
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<title><![CDATA[Noor Islamic Bank expands operations in Abu Dhabi ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41893</link>
<description><![CDATA[UAE. Noor Islamic Bank today announced the launch of a fully operational branch in the Al Khalidiyah district of Abu Dhabi. 

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<title><![CDATA[Bank Saudi Fransi builds proactive protection against malicious threats]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41879</link>
<description><![CDATA[UAE. New IPS strengthens security of BSF&#039;s network and infrastructure running several international and customised banking applications. ]]></description>
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<title><![CDATA[Integrity announces participation at the Middle East Forex Trading Expo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41877</link>
<description><![CDATA[UAE. Integrity has announced that for a second straight year, it would be exhibiting at the Middle East Forex Trading Expo &amp; Conference, at the Jumeirah Emirates Towers Hotel in Dubai, UAE ]]></description>
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<title><![CDATA[Gold makes it three records in four days]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41873</link>
<description><![CDATA[INTERNATIONAL. The price of gold jumped to new all-time Dollar records for the third time in four trading days early Monday in London, trading above US$1,110 an ounce - up more than 27% for 2009 to date - as the US currency fell hard on the forex market.

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<title><![CDATA[Citibank adopts &#039;WPS Connect&#039; solution from Raqmiyat]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41867</link>
<description><![CDATA[UAE. The interface covers all cycles contemplated under the WPS - from funding to payment of wages - and enables the banks&#039; corporate and retail accounts to participate in WPS. 

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<title><![CDATA[Dubai Islamic Bank named top distributor of Takaful products ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41859</link>
<description><![CDATA[UAE. DIB announced today that it has received the &#039;Top Distributor Bank for the UAE market&#039; for the period July-September 2009 from Germany&#039;s FWU AG .]]></description>
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<title><![CDATA[Ernst &amp; Young Middle East announces new growth initiatives for 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41858</link>
<description><![CDATA[UAE. Ernst &amp; Young Middle East has announced a series of initiatives to strengthen its position as the leading professional services organisation in the region at its annual partners meeting held in Dubai. ]]></description>
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<title><![CDATA[Middle East equity markets fell by 1.8% in October, Egypt best performing market year to date ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41849</link>
<description><![CDATA[INTERNATIONAL. Mixed earnings announcements and weak global markets put the UAE markets under pressure in October. ]]></description>
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<title><![CDATA[Dubai Department of Finance repays DCAA US$1 billion sukuk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41848</link>
<description><![CDATA[UAE. The Government of Dubai, acting through the Department of Finance, confirms yesterday that it has repaid in full the US$1 billion Dubai Civil Aviation Authority sukuk, which matured on 4 November 2009. ]]></description>
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<title><![CDATA[Citibank joins BPA Worldwide&#039;s Middle East Advisory Board]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41845</link>
<description><![CDATA[INTERNATIONAL. BPA Worldwide has bolstered advertiser representation on its Middle East Advisory Board with the appointment of Mohammed Al-Tajer, Citibank&#039;s Head of Marketing for the Middle East &amp; Africa.]]></description>
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<title><![CDATA[October winners announced for the National Bonds &#039;Save for Life&#039; promotion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41828</link>
<description><![CDATA[UAE. National Bonds Corporation has received an unprecedented response to its &#039;Save for Life&#039; festival promotion with bondholders becoming millionaires and proud owners of Mercedes Benz cars every week.

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<title><![CDATA[Black boxes in cars could save lives  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41821</link>
<description><![CDATA[UAE. Aircraft-style black box recorders fitted to cars in the Middle East could dramatically improve road safety as well as help determine who is at fault in crashes, says a leading technology industry expert.]]></description>
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<title><![CDATA[Middle East credit association set up to share regional data]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41838</link>
<description><![CDATA[UAE. Credit bureaus based in the UAE, Bahrain, Oman and Pakistan have come together to establish the MECRA, a non-profit association of credit information suppliers in the Middle East. ]]></description>
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<title><![CDATA[Egyptian Arab Land Bank Managers attend workshop on leadership skills]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41833</link>
<description><![CDATA[EGYPT. Hazem Yousef, General Manager of the Egyptian Arab Land Bank, stated, &#039;Our participation in this leadership workshop falls in line with the Bank&#039;s commitment to continually develop and invest in the talent of our human resources.]]></description>
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<title><![CDATA[KFH offers real estate services at Kuwait International Exhibition]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41831</link>
<description><![CDATA[UAE. KFH announced that it will participate in Kuwait International Real Estate Exhibition that is organised by Top Expo Group in conjunction with Kuwait International Exhibition Company.]]></description>
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<title><![CDATA[UAE sets standard in government reform policy and business friendliness]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41829</link>
<description><![CDATA[UAE. As the region emerges from the global economic crisis, CEOs perceive diversification as the biggest opportunity to improve competitiveness in the GCC, according to Dr James Zogby, Founder and President of the AAI at Harvard University.

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<title><![CDATA[Women investors in the Gulf hold US$40 billion of the region&#039;s wealth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41810</link>
<description><![CDATA[INTERNATIONAL. Female investors in the Gulf hold US$40 billion of the region&#039;s wealth, according to Reuters, having traded more than 18 million stocks last year. ]]></description>
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<title><![CDATA[ NASDAQ equity derivatives volumes rise 55% in October to monthly record]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41817</link>
<description><![CDATA[UAE. Equity derivatives trading volumes on NASDAQ Dubai grew to a monthly record of 21,330 in October 2009, up 55% from the previous record high of 13,775 traded in September]]></description>
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<title><![CDATA[K&amp;L Gates opens its first Middle East office at the Dubai International Financial Centre]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41809</link>
<description><![CDATA[UAE. K&amp;L Gates recently established its 33rd office worldwide - and the firm&#039;s first in the Middle East - following the granting of a licence to operate in the DIFC. ]]></description>
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<title><![CDATA[NASDAQ Dubai&#039;s equity derivatives win FOW award ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41798</link>
<description><![CDATA[UAE. NASDAQ Dubai&#039;s equity derivatives market has won the Futures &amp; Options World (FOW) 2009 Award for &#039;Best Innovation by an Exchange in Product Design, Middle East.&#039;]]></description>
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<title><![CDATA[Islamic Finance is coming of age: IFC lists Sukuk on the DIFC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41796</link>
<description><![CDATA[NTERNATIONAL. INTERNATIONAL. On 4 November, 2009 the International Finance Corporation, an affiliate of the World Bank listed an Islamic bond, a Sukuk on the DIFC&#039;s international exchange, Nasdaq-Dubai. ]]></description>
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<title><![CDATA[As gold vaults are being emptied by investors, is the market reaching breaking point?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41780</link>
<description><![CDATA[INTERNATIONAL. The gold market operates on a fractional reserve basis. On average there are several claims of ownership on each bar. According to Comex warehouse data there is only 66 tons of registered gold backing 1465 tons for future delivery, or enough to cover 4.5% of outstanding contracts.

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<title><![CDATA[Gold closes week strongly at US$1,097 on central bank purchases, economic data]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41791</link>
<description><![CDATA[INTERNATIONAL. Friday&#039;s reports on US jobless data and Sri Lanka&#039;s gold purchases added to the momentum capping a week that saw gold reach a new record and break out of its recent consolidation phase.]]></description>
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<title><![CDATA[Lebanon to issue US$500 million Eurobond this month ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41789</link>
<description><![CDATA[LEBANON. The Lebanese government has appointed Bank of Beirut SAL to lead the sale of US$500 million in Eurobonds.]]></description>
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<title><![CDATA[Middle East stocks sank this week on receding confidence, led by Egypt&#039;s index]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41786</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets plummeted for the second week in a row, reflecting retreating confidence on the part of investors who appeared increasingly geared to the performance of global bourses.]]></description>
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<title><![CDATA[Barclays says investors should buy Dubai bonds as refinancing risk eases ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41781</link>
<description><![CDATA[INTERNATIONAL. Investors should buy Dubai sovereign bonds as the emirate seeks to refinance its maturing debt with the help of oil-rich Abu Dhabi and as it focuses on an &#039;orderly exit from the crisis&#039;.]]></description>
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<title><![CDATA[Gold price hits record above US$1,100 on US jobs report, Sri Lanka purchase]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41785</link>
<description><![CDATA[INTERNATIONAL. The price of gold hit a record high above US$1,100 an ounce on Friday following a report that Sri Lanka had joined India in purchasing the precious metal and after data showed the US unemployment rate topped 10% in October.]]></description>
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<title><![CDATA[Gold gains 5% for the week as stocks fall on shock US jobs data]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41783</link>
<description><![CDATA[UAE. The price of gold rose sharply from a fresh all-time Gold Fix of US$1095 per ounce in London on Friday after new data put US unemployment at a 26-year high of 10.2% in October.]]></description>
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