<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Politics &amp; Economics</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[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[UAE tops list of US arms sales]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41787</link>
<description><![CDATA[INTERNATIONAL. The UAE topped the list of buyers with a purchase of arms worth US$7.9 billion followed by Afghanistan (US$5.4 billion) and Saudi Arabia (US$3.3 billion), ]]></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[Saudi air strikes aim to &#039;neutralise&#039; Yemen rebels]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41784</link>
<description><![CDATA[SAUDI ARABIA. Saudi jets and ground forces blasted Yemen rebel positions along the two countries&#039; rugged frontier to &quot;neutralise&quot; infiltrators who had crossed over and killed a Saudi border guard.]]></description>
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<title><![CDATA[US jobless rate climbs to 10.2%  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41782</link>
<description><![CDATA[INTERNATIONAL. An alternative gauge of unemployment, which includes discouraged workers and those forced to work part-time, rose to 17.5%, the highest on record dating to 1995.
]]></description>
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<title><![CDATA[Palestinian President Abbas says he will not seek re-election  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41777</link>
<description><![CDATA[PALESTINIAN TERRITORIES. Officials said the decision is linked to his frustration with the US position on Israeli settlements]]></description>
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<title><![CDATA[Watani launches Al Mutahida campaign]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41717</link>
<description><![CDATA[UAE. Watani launched Al Mutahida, a campaign that encapsulates the ambitions and achievements shared by the people of the UAE. ]]></description>
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<title><![CDATA[Moody&#039;s downgrades five Dubai state-linked firms  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41728</link>
<description><![CDATA[UAE. The ratings outlook for DP World, Dewa, DIFCI and Jafz is negative, reflecting ongoing economic pressures. The ratings of both DHCOG and Emaar have been maintained on review for downgrade.]]></description>
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<title><![CDATA[Hillary Clinton reaffirms US policy on Western Sahara ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41702</link>
<description><![CDATA[MOROCCO. Secretary of State Clinton reaffirmed the current US policy on resolving the Western Sahara conflict in support of Moroccan autonomy solution.]]></description>
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<title><![CDATA[Iran &#039;must choose&#039; its future path, says Obama]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41697</link>
<description><![CDATA[INTERNATIONAL. Iran &#039;must choose&#039; whether to open the door to opportunity and prosperity, US President Barack Obama said Wednesday in a statement marking 30 years since the storming of the US embassy in Tehran]]></description>
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<title><![CDATA[Sheikh Khalifa re-elected UAE president ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41695</link>
<description><![CDATA[UAE. Sheikh Khalifa bin Zayed al-Nahyan was re-elected president of the United Arab Emirates for a second five-year term on Tuesday.]]></description>
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<title><![CDATA[Ministry of Economy launches national campaign for intellectual property rights ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41687</link>
<description><![CDATA[UAE. This campaign comes within the framework of the ministry&#039;s efforts to consolidate the concept of intellectual property protection, raise public awareness of its importance and to emphasise the impact and its implications on the national economy. ]]></description>
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<title><![CDATA[Abu Dhabi plans US$1 trillion investment on infrastructure projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41671</link>
<description><![CDATA[UAE. Cited projects include roads, transport, buildinds, hotels, and a metro all part of Abu Dhabi&#039;s development plans to wean its economy off oil. 

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<title><![CDATA[Entrepreneur Business Village signs MoU with Canadian Business Council]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41649</link>
<description><![CDATA[&#039;UAE. The MoU aims to raise the spirit of initiative and creative thinking amongst entrepreneurs, companies and SME, and motivate them to contribute to their own and the overall economic growth.]]></description>
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<title><![CDATA[How politics, policies and geopolitics influence business risks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41577</link>
<description><![CDATA[INTERNATIONAL. The global economic environment of cheap money in the past two decades has been an aberration, which has led to today&#039;s &quot;massive capacity destruction&quot; of natural resources, says Pippa Malmgren.]]></description>
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<title><![CDATA[Jim Rogers, Marc Faber agree US dollar due for temporary rebound]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41570</link>
<description><![CDATA[INTERNATIONAL. Investment gurus Jim Rogers and Marc Faber agree to various degrees on many issues but the one thing uniting them this week is the future direction of the US dollar. They see a correction looming in the US currency.

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<title><![CDATA[UAE central bank sees economic growth in 2009, no alternative to US dollar  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41568</link>
<description><![CDATA[UAE. The central bank chief said the UAE is not considering a return to Gulf monetary union and sees no alternative to the US dollar as the country&#039;s currency peg. ]]></description>
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<title><![CDATA[Kuwait rules woman MPs hijab headscarf is optional ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41567</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s constitutional court on Wednesday rejected a petition brought by four voters to declare invalid the election of two women members of parliament because they refuse to wear the hijab headscarf.

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<title><![CDATA[Abu Dhabi&#039;s Aabar third quarter profit surges to US$403 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41561</link>
<description><![CDATA[UAE. Third-quarter net profit at Abu Dhabi&#039;s Aabar Investments rose 74-fold to AED1.48 billion (US$402.9 million) from AED19.9 million a year ago, helped by gains in investments.]]></description>
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<title><![CDATA[Gulf business executives say worst is over but call for caution]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41553</link>
<description><![CDATA[UAE. From banks to property firms, executives across the Gulf region and Egypt told Reuters they believe the worst of the financial downturn is over, but many warned of more bumps along the way.

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<title><![CDATA[US economy grows 3.5% in third quarter, exits recession]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41558</link>
<description><![CDATA[INTERNATIONAL. The US economy exited recession in the third quarter, posting the strongest growth in two years, according to government data released Thursday.

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<title><![CDATA[UAE economic growth may top 4.5% in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41544</link>
<description><![CDATA[UAE. Growth in the UAE economy could exceed 4.5% in 2010, the central bank deputy chairman said on Thursday, adding that he was not particularly worried about inflation following a shake-out in the property sector.

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<title><![CDATA[Organisations urged to focus on fostering &#039;human connection&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41528</link>
<description><![CDATA[INTERNATIONAL. Campaign manager tells GCC businesses to learn from the success of Obama&#039;s Presidential bid.

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<title><![CDATA[George Soros says new global economic paradigm required]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41526</link>
<description><![CDATA[Soros said the entire edifice of global financial markets that has been erected on the false premise that markets can be left to their own devices has to be rebuilt from the ground up. ]]></description>
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<title><![CDATA[&#039;Don&#039;t worry&#039; over Mubarak succession, says Egypt&#039;s PM]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41500</link>
<description><![CDATA[EGYPT. Egypt&#039;s prime minister told Reuters on Tuesday it was still too early to expect President Hosni Mubarak to decide whether to run again for president in a 2011 election, and sought to reassure investors over the issue of succession.

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<title><![CDATA[Dubai set to raise close to US$2 billion in Islamic bond sale]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41522</link>
<description><![CDATA[UAE.  Dubai will raise about US$1.93 billion through the biggest Islamic bond sale from the Gulf region this year .]]></description>
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<title><![CDATA[US Ambassador addresses Business Dinner Forum at Bahrain&#039;s Capital Club]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41513</link>
<description><![CDATA[BAHRAIN. At the event, HE Joseph Adam Ereli delivered a keynote entitled &#039;Stability and Prosperity in the Region - the Outlook for 2010&#039; and shared with members his perspective on the challenges to economic growth and political development.  
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<title><![CDATA[Egypt seeks 7% plus growth in two years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41499</link>
<description><![CDATA[EGYPT. Egypt&#039;s prime minister told Reuters on Tuesday he aimed to get economic growth back above 7% a year within two years but this would depend on a recovery in foreign investment and other external factors.

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<title><![CDATA[UAE is most prosperous Arab nation, reveals study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41483</link>
<description><![CDATA[INTERNATIONAL. The UAE is the only Arab nation ranked in the top 50 for the second year running in the third edition of the Legatum Prosperity Index, published today, thanks to strong scores in security, safety and health.
]]></description>
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<title><![CDATA[Dubai may initially issue US$1 billion civil aviation Islamic bond ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41484</link>
<description><![CDATA[UAE. The government of Dubai&#039;s fresh borrowing program is likely to raise an initial $1 billion through an Islamic bond to refinance debt held by the aviation department.]]></description>
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<title><![CDATA[Marc Faber sees US dollar becoming worthless on  fiscal policy &#039;disaster&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41443</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said the US dollar will become worthless when people eventually realise the fiscal situation in the US is a &quot;disaster&quot;.

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<title><![CDATA[Dollar recovers from 14-month low ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41440</link>
<description><![CDATA[INTERNATIONAL. It was a complete turn of events for the dollar, which struggled earlier, especially in the wake of a report saying China should increase its holdings of euros and yen in its foreign reserves.

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<title><![CDATA[GCC executives in for reality check at leaders in Dubai Business Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41424</link>
<description><![CDATA[UAE. Receiving mixed signals from various sectors about the status of the current economic situation has only compounded the dilemma of many top executives in the GCC. 

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<title><![CDATA[UAE opens trade office in China  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41418</link>
<description><![CDATA[UAE. The UAE Ministry of Foreign Trade has set up a trade representation office in China in line with its strategy of increasing foreign direct investment.]]></description>
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<title><![CDATA[Dubai government sets up US$6.5 billion bond program ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41397</link>
<description><![CDATA[UAE.  The Dubai government set up a US$6.5 billion program to sell medium-term notes as the emirate plans its first international bond sale since June 2008.]]></description>
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<title><![CDATA[We&#039;re witnessing the beginnings of the decline of America and the rise of China]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41391</link>
<description><![CDATA[INTERNATIONAL. The origins of the present crisis lie in the inability of the United States to sustain and underwrite the international economic system of which it is the architect and patron. The indebtedness means it cannot do it any more, says  &#039;When China rules the world&#039; author Martin Jacques.  ]]></description>
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<title><![CDATA[UN inspectors to visit Iran uranium enrichment plant]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41382</link>
<description><![CDATA[IRAN. UN inspectors will visit Iran&#039;s controversial second uranium enrichment plant on Sunday, as US President Barack Obama garnered support for a separate deal with Tehran to end the crisis over its nuclear programme.]]></description>
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<title><![CDATA[UAE nuclear deal to take effect soon, says US State Department]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41347</link>
<description><![CDATA[INTERNATIONAL.  The US and the UAE are finalising a landmark nuclear power cooperation agreement now that Congress has given its tacit approval, US officials said. ]]></description>
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<title><![CDATA[If printing money made countries rich, Zimbabwe would be the richest, says Marc Faber]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41342</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said the US Fed&#039;s expansionist monetary policies are the causes of this crisis by creating a large amount of leverage in the system which ended in a credit-addicted economy.

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<title><![CDATA[UK economy contracts 0.4% in third quarter, records longest recession in history]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41339</link>
<description><![CDATA[INTERNATIONAL. Britain failed to climb out of its deep recession in the third quarter, when the country&#039;s output unexpectedly slumped by 0.4%, official data showed on Friday]]></description>
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<title><![CDATA[Dubai may decide on global bond sale in the next two weeks ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41336</link>
<description><![CDATA[UAE. Dubai government told investors Thursday it will decide whether to launch a global bond sale in the next two weeks once it has gauged the interest of a broad range of investors.]]></description>
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<title><![CDATA[Morgan Stanley sees strong growth resuming in Saudi Arabia on oil, domestic demand ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41318</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia has managed to weather the global economic downturn and its near-term outlook for economic growth is positive, according to a Morgan Stanley economic report.]]></description>
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<title><![CDATA[Plenty of room for improving Capitalism,  says Warren Buffett]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41308</link>
<description><![CDATA[INTERNATIONAL. Buffett  believes  both &#039;carrot&#039; and &#039;stick&#039; incentives are needed to make sure people &#039;behave well&#039; while they are trying to get rich. There must be a downside to people who really mess up large institutions.]]></description>
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<title><![CDATA[Dubai World may sell bonds to repay maturing Sukuk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41302</link>
<description><![CDATA[UAE. Global holding company Dubai World may be able to sell bonds to repay loans, including a US$3.5 billion Islamic bond due at year-end .]]></description>
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<title><![CDATA[Bank of England chief backs isolating banks&#039; riskier activities, warns debt repayment may take a generation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41300</link>
<description><![CDATA[INTERNATIONAL. Mervyn King said that banks should separate their day-to-day business from their more speculative and riskier activities, which he said should not benefit from state guarantees.

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<title><![CDATA[UAE to rebound with &#039;greater confidence,&#039; says Sheikh Mohammed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41297</link>
<description><![CDATA[UAE. The UAE economy will rebound with &#039;greater confidence&#039; thanks to measures taken to reverse the impact of the global financial crisis, said Sheikh Mohammed bin Rashid al-Maktoum.

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<title><![CDATA[Abu Dhabi&#039;s Mubadala plans to triple assets in three years ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41264</link>
<description><![CDATA[UAE. Mubadala are long-term, patient developers and deployers of capital; which means that actually a lot of the benefit doesn&#039;t come back until the plans are operational. 

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<title><![CDATA[Kuwait approves mega new projects worth US$63 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41257</link>
<description><![CDATA[KUWAIT. The projects have not been named but Kuwait has been planning a new business hub dubbed Silk City as well as a new modern harbour, a railway and metro system.

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<title><![CDATA[Qatar makes US$1 billion in Barclays shares sale ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41262</link>
<description><![CDATA[QATAR. Qatar made US$1 billion)by selling shares in Barclays Plc a year after it helped bail out Britain&#039;s second-biggest bank. 

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<title><![CDATA[Dubai plans fixed income, Islamic bond roadshow ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41219</link>
<description><![CDATA[UAE. The Dubai government said on Monday it planned bond roadshows from October 22, but added the meetings were not linked to its US$20 billion bond programme aimed at assisting state-linked firms.

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<title><![CDATA[Majority of Americans give Obama negative ratings ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41206</link>
<description><![CDATA[INTERNATIONAL. As President Obama&#039;s overall approval rating continues to slide, he cannot find much solace in Americans&#039; opinions on his handling of 12 different issues as he does not have a positive rating on any of these. ]]></description>
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<title><![CDATA[Weak dollar may fuel GCC inflation ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41194</link>
<description><![CDATA[GCC.  The sliding dollar may spur inflation in oil-producing Gulf states whose currencies are pegged to the greenback, but the exchange peg will survive for now, analysts said.

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<title><![CDATA[Saudi inflation posts first increase in four months rising to 4.4%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41173</link>
<description><![CDATA[SAUDI ARABIA. Inflation in Saudi Arabia rose to an annual 4.4% in September from 4.1% in August, its first increase in four months, which coincided with the month of Ramadan, which typically increases consumer demand.]]></description>
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<title><![CDATA[Kuwait expat population falls in first half of 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41168</link>
<description><![CDATA[KUWAIT. The expatriate population of Kuwait dropped 0.6% in the first half of 2009, bringing to an end 19 years of sharp increases in the oil-rich emirate, official figures revealed on Sunday.

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<title><![CDATA[Suicide bomber kills Commanders of Iran&#039;s Revolution Guards]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41165</link>
<description><![CDATA[IRAN. A suicide bomber blew himself up at a meeting of the elite Islamic Revolutionary Guards Corps  in southeastern Iran Sunday, killing at least 30 people including top commanders and tribal leaders.]]></description>
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<title><![CDATA[Soros says US economy will be drag on world growth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41120</link>
<description><![CDATA[INTERNATIONAL. Investors around the world listen closely to Soros&#039; comments as his hedge fund makes big bets on currencies, interest rates and stocks.

]]></description>
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<title><![CDATA[Federal Reserve must act against inflation &#039;before it&#039;s too late,&#039; says Paul Volcker]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41125</link>
<description><![CDATA[INTERNATIONAL. Volcker said moral hazard, the concept that investors may take greater risks if they believe the government will protect them from suffering losses, remained an issue in the wake of the bailout of several major financial institutions.]]></description>
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<title><![CDATA[Monetary Council will be set up by January, says GCC Secretary General ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41119</link>
<description><![CDATA[SAUDI ARABIA. The Gulf Arab states&#039; Monetary Council, a precursor to a joint central bank for four countries planning a single currency, will be established by the start of next year.]]></description>
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<title><![CDATA[UAE economic growth seen lagging other GCC states]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41103</link>
<description><![CDATA[KUWAIT. Economic recovery in the UAE is expected to be slower than in other Gulf states due to high debt levels and its struggling real estate market, a Kuwaiti bank said on Wednesday.]]></description>
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<title><![CDATA[Debt repayments of Dubai-based GREs through 2012 amount to nearly US$50 billion, says S&amp;P]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41093</link>
<description><![CDATA[UAE. Standard &amp; Poor&#039;s estimate of the current total amount of debt owed by the Dubai government and its various GREs is US$80-US$90 billion, although the margin of error is significant given the lack of official statistics. 
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<title><![CDATA[UAE National Committee to combat human trafficking highlights achievements]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41087</link>
<description><![CDATA[UAE. The meeting discussed key issues related to the fight against human trafficking as well as initiatives executed by the UAE and steps implemented to combat human trafficking.

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<title><![CDATA[GCC single currency may retain dollar peg, says Samba Financial Group ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41085</link>
<description><![CDATA[SAUDI ARABIA. Currency union should be seen as an evolutionary process rather than an abrupt break. with the past.]]></description>
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<title><![CDATA[ASIA Pacific HNWI wealth expected to grow 8.8% annually until 2018]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41061</link>
<description><![CDATA[INTERNATIONAL. Asia Pacific&#039;s population of high net worth individuals (HNWIs ) fell 14.2% to 2.4 million in 2008 amid a global economic downturn and market volatility, according to Asia-Pacific Wealth Report released today by Merrill Lynch Global Wealth. ]]></description>
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<title><![CDATA[Geopolitical analysis: Why has President Obama been awarded the Nobel Peace Prize?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41057</link>
<description><![CDATA[INTERNATIONAL. The Norwegian politicians gave their prize to Obama because they believed that he would leave Europeans in their comfortable prosperity without making unreasonable demands. That is their definition of peace, and Obama seemed to promise that.]]></description>
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<title><![CDATA[Dubai second US$10 billion bond should attract private sector interest, says Bin Sulaiman  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41053</link>
<description><![CDATA[UAE. A second US$10 billion bond tranche to be issued by the Dubai government to help state-related companies should attract interest if offered to the private sector.]]></description>
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<title><![CDATA[Community Development Authority to join hands with UN in promoting human rights]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41030</link>
<description><![CDATA[UAE. The CDA discussed partnering with the United Nations to promoting a culture of respect for human rights and steps to be taken by Dubai to further strengthen its role as a key ally in the global fight against violation of human rights. 

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<title><![CDATA[Dubai Holding repays US$250 million loan to BNP Paribas]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41016</link>
<description><![CDATA[UAE. The bilateral loan, taken out as a general corporate facility, was repaid on the maturity date]]></description>
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<title><![CDATA[British PM announces US$25.6 billion sale of assets to cut debt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41007</link>
<description><![CDATA[INTERNATIONAL. British Prime Minister Gordon Brown on Monday announced a massive sell-off of state assets including the Channel Tunnel rail link, to cut debt and help pull Britain out of a deep recession.

]]></description>
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<title><![CDATA[Global banking bailout model proves a sustainable climate resilient future can be achieved]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41004</link>
<description><![CDATA[INTERNATIONAL. The dual challenges of climate and economy have led to a unique opportunity to re-build the global markets with systems sympathetic to climate.]]></description>
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<title><![CDATA[Water may become scarce in the Middle East, warns World Bank report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41005</link>
<description><![CDATA[INTERNATIONAL. Water is the Middle East region will become scarce within decades unless it is radically better managed, the World Bank said in a report released yesterday in Abu dhabi ahead of the December meetings on climate change in Copenhagen.]]></description>
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<title><![CDATA[UAE non-oil foreign trade soars 42% in 2008]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40993</link>
<description><![CDATA[UAE. UAE foreign trade soared 42.5% in 2008, compared with 2007, as a result of a 35.2% increase in non-oil exports and re-exports as well as a 45.5% surge in imports.]]></description>
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<title><![CDATA[UAE sees first imprisonment for parallel imports in Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40990</link>
<description><![CDATA[UAE. Dubai Courts has issued an imprisonment ruling against six foreign nationals convicted of engaging in &#039;parallel imports&#039; - importing a non-counterfeit (grey) product from another country without the permission of the intellectual property owner.

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<title><![CDATA[Kuwait calls for delay in Gulf currency launch]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40981</link>
<description><![CDATA[KUWAIT. Kuwait, one of four Gulf states to sign a pact to launch a monetary union and single currency, on Sunday called for a delay in the 2010 launch date, citing incomplete preparations.

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<title><![CDATA[UAE ranked fifth in World Bank 2010 business report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40978</link>
<description><![CDATA[UAE. The UAE moved up to be among the top five economies in the world in the &#039;Trading Across Borders&#039; topic of the World Bank&#039;s &#039;Doing Business&#039; report for 2010.

]]></description>
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<title><![CDATA[Dubai must raise more cash to meet debt and contractor repayments, says S&amp;P ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40979</link>
<description><![CDATA[UAE. Dubai has around US$50 billion worth of debt repayments to make over the next three years but is not doing enough to ensure it will meet them, S&amp;P said.

]]></description>
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<title><![CDATA[First lady of Malaysia to discuss the role of leaders in teconomy ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40958</link>
<description><![CDATA[UAE. The Women in Leadership Forum aims to influence and leverage women&#039;s involvement in the global business world, first lady HE Datin Paduka Seri Rosmah Mansor is a key speaker of the Forum.]]></description>
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<title><![CDATA[DED honours Dubai team involved in &#039;Doing Business 2010&#039; report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40961</link>
<description><![CDATA[UAE. Director General of the Dubai Department of Economic Development honoured the Dubai team involved in fulfilling the requirements of the &#039;Doing Business 2010&#039; report of the International Finance Corporation and World Bank. 

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<title><![CDATA[Gulf states economic growth to slow to 0.7% in 2009, says IMF]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40968</link>
<description><![CDATA[UAE. Economic growth of Gulf Arab oil exporters is set to slow to 0.7% this year but will rebound in 2010 to grow by 5.2% on rising oil revenue, the International Monetary Fund said on Sunday.]]></description>
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<title><![CDATA[Roubini sees further falls in US housing market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40940</link>
<description><![CDATA[INTERNATIONAL. US housing prices may still fall more than 10%, killing an incipient recovery, as demand from first-time home buyers fades, leading economist Nouriel Roubini said.]]></description>
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<title><![CDATA[Fed will tighten monetary policy when economy recovers, says Bernanke]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40938</link>
<description><![CDATA[INTERNATIONAL. US Federal Reserve Chairman Ben Bernanke said  that monetary policy would be tightened when the country&#039;s economy recovers.]]></description>
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<title><![CDATA[US trade gap registers surprise drop]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40937</link>
<description><![CDATA[INTERNATIONAL. The US trade deficit narrowed for the first time in four months in August on higher exports driven by a weak dollar and lower imports amid lackluster domestic demand, the government said Friday.

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<title><![CDATA[Dubai&#039;s second tranche of US$20 billion bond may be issued this month]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40932</link>
<description><![CDATA[UAE. In an exclusive interview with CNN&#039;s Marketplace Middle East (MME) Mohamed Alabbar, Chairman of Emaar discussed delayed projects, Dubai&#039;s debt and the lessons learned from the crisis.]]></description>
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<title><![CDATA[Saudi, Syria in agreement to boost trade and investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40931</link>
<description><![CDATA[SYRIA. Saudi Arabia and Syria agreed to promote trade and investment between the two regional powerhouses, as Saudi King Abdullah wrapped up a visit to Syria.]]></description>
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<title><![CDATA[Obama awarded Nobel Peace Prize]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40930</link>
<description><![CDATA[INTERNATIONAL. The decision to award one of the world&#039;s top accolades to a president less than nine months into his first term, who has yet to score a major foreign policy success, came as a major surprise.

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<title><![CDATA[Dubai World close to Nakheel debt deal ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40926</link>
<description><![CDATA[UAE. Dubai World and its financial advisors are close to a deal with banks on easing part of the conglomerate&#039;s US$20 billion debt burden.]]></description>
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<title><![CDATA[Iran says US behind Iranian researcher disappearance in Saudi Arabia  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40924</link>
<description><![CDATA[IRAN. Shahram Amiri, an Iranian scientist who is reported to have been involved in Tehran&#039;s controversial nuclear programme, disappeared in June in Saudi Arabia while on a pilgrimage.]]></description>
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<title><![CDATA[Dubai Chamber sees economic recovery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40919</link>
<description><![CDATA[UAE. There are positive signs that the global recession may be over and there are clear economic indicators showing that the UAE is in the recovery lane.]]></description>
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<title><![CDATA[UAE economy may see growth in 2009, says Economy Minister ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40918</link>
<description><![CDATA[UAE. The UAE economy is set to grow this year by 0.5%-1%.]]></description>
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<title><![CDATA[Saudi king in Syria for two-day official visit as relations improve]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40898</link>
<description><![CDATA[SYRIA. Saudi Arabia&#039;s King Abdullah arrived in Syria on Wednesday in a further sign of warming ties between the two Arab states.]]></description>
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<title><![CDATA[Bahrain Finance Minister appointed Chair of World Bank, IMF Development Committee]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40909</link>
<description><![CDATA[INTERNATIONAL. The role is central to the forum&#039;s facilitation of intergovernmental consensus-building on critical issues, including the financial resources required to promote economic development in developing countries]]></description>
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<title><![CDATA[UAE population reportedly reaches six million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40907</link>
<description><![CDATA[UAE. The population of the UAE has reached six million, with UAE citizens representing 16.5% of the total, according to a report citing government officials.]]></description>
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<title><![CDATA[Talk of break in dollar-oil link unfounded, says French official]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40893</link>
<description><![CDATA[INTERNATIONAL. The United Nations called for a new global reserve currency to end the &#039;privilege&#039; of dollar supremacy.]]></description>
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<title><![CDATA[Saudi central bank chief defends dollar oil pricing, exchange peg ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40877</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia&#039;s central bank chief denied holding talks on dropping the dollar as the currency for pricing oil, and said his country&#039;s foreign-exchange peg to the dollar is a matter of national economic interest. 

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<title><![CDATA[GPCA Forum to focus on achieving sustainable growth beyond global crisis]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40869</link>
<description><![CDATA[UAE. Key petrochemical and chemical industry leaders and experts will discuss a wide range of global and regional issues and challenges at the fourth annual GPCA Forum from 8-10 December in Dubai. ]]></description>
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<title><![CDATA[Unemployment to peak in 8-12 months, says IMF chief]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40830</link>
<description><![CDATA[INTERNATIONAL. World unemployment will not peak for at least another eight to 12 months at least as the economic recovery takes root, the head of the International Monetary Fund said.]]></description>
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<title><![CDATA[Oil producers deny talks on replacing dollar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40847</link>
<description><![CDATA[INTERNATIONAL. Oil producing nations denied on Tuesday a British newspaper report that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in trading oil.

]]></description>
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<title><![CDATA[IMF must evolve to reflect new world, says Boutros-Ghali]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40829</link>
<description><![CDATA[INTERNATIONAL. The International Monetary Fund is evolving into a &#039;central clearing house&#039; that will help manage the global economy and ensure major economies coordinate policies to avoid crises.]]></description>
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<title><![CDATA[World Bank to fund job creation in Middle East, North Africa]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40828</link>
<description><![CDATA[INTERNATIONAL. The World Bank will loan about US$4 billion this year in the Middle East and North Africa to help create jobs for 20 million jobless young people.]]></description>
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<title><![CDATA[Saudi King sacks cleric for attacking mixing at new university]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=40813</link>
<description><![CDATA[SAUDI ARABIA. Saudi King Abdullah sacked a hardline cleric from the powerful Council of Senior Ulema on Monday after he criticised the breakthrough policy of mixing the genders at a new university promoted by the monarch]]></description>
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