<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[ Oxford Business Group launches Oman report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44945</link>
<description><![CDATA[OMAN. Oman&#039;s economic success story, which combines tapping new fields of business with positive, ongoing oil and gas exploration, is mapped out in a business guide just published by OBG. ]]></description>
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<title><![CDATA[UAE follows-up cooperation with UK on small and medium enterprises]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44749</link>
<description><![CDATA[UAE. UAE Ministry of Economy, has emphasised the importance of adequate follow up through official meetings and business delegations to achieve the objectives of the UAE- UK joint economic committee meeting held in London.]]></description>
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<title><![CDATA[UK economic prospects &#039;grim&#039; says business group]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44925</link>
<description><![CDATA[INTERNATIONAL. The British Chambers of Commerce  has downgraded its expectations for economic growth in the UK this year after warning that obstacles to a sustained recovery now appeared &quot;greater&quot;.
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<title><![CDATA[Living in a democratic country is top priority for Arab youth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44921</link>
<description><![CDATA[UAE. Good infrastructure, access to the best universities, being paid a fair wage, and living in a safe neighbourhood were identified as equally important priorities by ASDA&#039;A Burson-Marsteller largest-ever Arab Youth survey.]]></description>
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<title><![CDATA[Tony Blair&#039;s memoirs to be published in September]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44892</link>
<description><![CDATA[INTERNATIONAL. Tony Blair&#039;s long-awaited memoir is to be published in September, the former British prime minister&#039;s publishers have said.

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<title><![CDATA[Abu Dhabi Government reaffirms sovereign support for its state-owned enterprises]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44883</link>
<description><![CDATA[UAE. &#039;We obviously disagree with the reasoning involved in a number of Moody&#039;s decisions, especially those  concerning TDIC, Mubadala, and IPIC ,&quot; the Department of Finance said.]]></description>
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<title><![CDATA[Egypt plans to sell up to US$1.5 billion Eurobonds, says Finance Minister]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44881</link>
<description><![CDATA[EGYPT. Youssef Boutros-Ghali said the ministry plans to &#039;access the market&#039; for between US$1-US$1.5 billion in the next six to eight weeks, taking advantage of a drop in borrowing costs in the past year.]]></description>
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<title><![CDATA[&#039;The Iraqi dinar has all reasons to grow stronger,&#039; says Prime Minister ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44880</link>
<description><![CDATA[IRAQ. Iraqi Prime Minister Nouri al-Maliki said the process to re-evaluate the Iraqi dinar has to do with economic conditions which have to be strengthened.]]></description>
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<title><![CDATA[Greece should sell islands to cut debt, say German MPs]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44863</link>
<description><![CDATA[INTERNATIONAL. The IMF issued a statement welcoming the &quot;substantial fiscal measures announced by the Greek authorities&quot;.
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<title><![CDATA[Investing to meet demands of economic change]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44820</link>
<description><![CDATA[UAE. Investing in project and programme managers and business analysts is a sure way to be prepared for economic and industry changes, says a leading industry expert.]]></description>
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<title><![CDATA[Saudis support call for minimum age in marriage]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44753</link>
<description><![CDATA[SAUDI ARABIA. Majority of respondents would support legislation preventing marriage of young girls.
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<title><![CDATA[Gulf states should drop Dollar peg, says head of currency hedge fund]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44740</link>
<description><![CDATA[UAE. The policy of pegging to the dollar makes Gulf countries vulnerable to US shocks, John Taylor, who oversees the world&#039;s largest currency hedge fund, said in a speech in Dubai today.]]></description>
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<title><![CDATA[Dubai plans budget surplus in 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44734</link>
<description><![CDATA[UAE. Dubai&#039;s government plans to cut spending in an effort to swing its budget to a surplus by 2011, the emirate&#039;s finance department director said.]]></description>
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<title><![CDATA[IMF sets out renewed vision for 21st century, says new reserve currency may one day replace Dollar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44694</link>
<description><![CDATA[INTERNATIONAL.  Having several suppliers of reserve assets would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.]]></description>
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<title><![CDATA[A lesson in leadership: turning Abu Dhabi&#039;s vision into reality ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44685</link>
<description><![CDATA[UAE. Abu Dhabi&#039;s  new bold vision is to transform itself into a global leader in sustainable future energy and technology.

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<title><![CDATA[Hillary Clinton takes a swipe at Alan Greenspan&#039;s &#039;outrageous&#039; advice]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44683</link>
<description><![CDATA[INTERNATIONAL. Secretary of State Hillary Clinton  said &quot;outrageous&quot; advice from former Federal Reserve Chairman Alan Greenspan helped create record US budget deficits that put national security at risk.]]></description>
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<title><![CDATA[Fed reviewing Goldman&#039;s derivatives contracts with Greece, says Bernanke]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44679</link>
<description><![CDATA[INTERNATIONAL. Using these instruments in a way that intentionally destabilises a company or a country is counterproductive, and I&#039;m sure the SEC will be looking into that, Bernanke said.]]></description>
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<title><![CDATA[They took away our gold and never gave it back, says Greek Deputy Prime Minister]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44674</link>
<description><![CDATA[INTERNATIONAL. Theodoros Pangalos has accused Germany of failing to compensate Greece for Nazi occupation during World War II]]></description>
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<title><![CDATA[IMF approves US$3.6 billion stand-by loan for Iraq]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44657</link>
<description><![CDATA[INTERNATIONAL. The main objectives of the arrangement are to maintain macroeconomic stability during a period of high economic and political uncertainties (parliamentary elections are scheduled for March 7, 2010), and to provide a framework for deepening structural reforms.

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<title><![CDATA[Dubai has not yet drawn the full Abu Dhabi bank aid ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44649</link>
<description><![CDATA[UAE. Abu Dhabi government-owned Al-Hilal Bank has still only subscribed to US$500 million of a US$5 billion bond issued by Dubai in November, but will take it up in the future, its chief executive said.]]></description>
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<title><![CDATA[Saudi Arabia hosts international counterterrorism workshop]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44625</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia hosted a three-day counterterrorism workshop, which concluded on Monday, entitled the &#039;International Legal Framework for Combating Terrorism and its Financing Workshop.

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<title><![CDATA[Etisalat Platinum Sponsor of Abu Dhabi Economic Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44567</link>
<description><![CDATA[UAE. The forum will discuss future of economic development in Abu Dhabi following the consequences of the global economic crisis and its impact on the private sector, foreign investment, infrastructure and industry.]]></description>
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<title><![CDATA[All Dubai World creditors will be treated equally ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44575</link>
<description><![CDATA[UAE. The Dubai Financial Support Fund won&#039;t enforce a preferential creditor claim as state-owned Dubai World tries to restructure US$22 billion of debt,  a Dubai government spokeswoman said.]]></description>
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<title><![CDATA[Deloitte Global Economic Outlook looks at the recovery and emerging issues in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44536</link>
<description><![CDATA[INTERNATIONAL. The first Global Economic Outlook of the new decade looks at the near-term outlook for the world&#039;s major economies, while analysing some of the important issues attracting attention of investors and business leaders in 2010.

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<title><![CDATA[UAE tops MENA region in EIU Quality of Life Index  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44523</link>
<description><![CDATA[UAE. The Economist Intelligence Unit&#039;s Quality of Life index relates subjective life satisfaction surveys to objective determinants of the quality of life across 160 countries. ]]></description>
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<title><![CDATA[Fed raises discount rate]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44490</link>
<description><![CDATA[INTERNATIONAL. The US Federal Reserve announced it was increasing the rate it charges banks for emergency loans to 0.75% from 0.50% 

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<title><![CDATA[Qatar to grow 18.5% in 2010, says IMF]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44487</link>
<description><![CDATA[INTERNATIONAL. Rapid expansion in LNG production and a pick up in manufacturing and construction are set to support strong performance this year.]]></description>
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<title><![CDATA[Teaching PIIGS to fly]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44480</link>
<description><![CDATA[INTERNATIONAl. Nouriel Roubini says Greece&#039;s fiscal problems are, as he has argued many times, but the tip of a global iceberg.]]></description>
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<title><![CDATA[UAE economy to grow 0.6% in 2010 after shrinking 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=44447</link>
<description><![CDATA[UAE. In 2010, the IMF expects the GDP of Abu Dhabi to grow by 2.9%, after oil prices recovered, while Dubai&#039;s economy will continue to contract by 1.3%.]]></description>
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<title><![CDATA[Dubai&#039;s inflation rate stood at 4.1% in 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44348</link>
<description><![CDATA[UAE. According to the Dubai Statistics Center, housing, water, electricity and gas price growth, accounting for the largest share of the CPI weight, stood at 2.4% in 2009. ]]></description>
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<title><![CDATA[UAE economy minister sees 2010 growth of up to 3% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44343</link>
<description><![CDATA[UAE. The UAE economy will probably grow between 2.5%-3% this year, Sultan bin Saeed al- Mansouri, said at a conference in Abu Dhabi.

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<title><![CDATA[The UAE highlights investment opportunities to Bottom Saxony delegation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44324</link>
<description><![CDATA[UAE. Minister of Economy emphasises the strength of UAE Economy and commends ability of Dubai economy to deal with global challenges.]]></description>
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<title><![CDATA[Dollar good for Saudi, says central bank governor]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44322</link>
<description><![CDATA[SAUDI ARABIA. The dollar is serving Saudi Arabia&#039;s economy well, although its reserve currency status could be challenged as the euro is gaining in importance.]]></description>
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<title><![CDATA[Dubai World may offer creditors 60% over seven years, say bankers    ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44298</link>
<description><![CDATA[UAE. Neither the government nor the company have put forward any restructuring proposals to the lenders at this time, a Dubai government statement said on Sunday.]]></description>
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<title><![CDATA[Qatar set to boost foreign investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44271</link>
<description><![CDATA[QATAR. New laws to allow full foreign ownership in sectors such as consultancy services, information technology, entertainment and sport will relax restrictions that had limited non-Qatari ownership outside free zones to 49%]]></description>
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<title><![CDATA[Iraq plans currency redenomination]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44269</link>
<description><![CDATA[IRAQ. Iraq expects to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to facilitate currency transactions]]></description>
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<title><![CDATA[IMF enters debate on future macroeconomic policy framework ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44268</link>
<description><![CDATA[INTERNATIONAL. The IMF has entered the debate about how macroeconomic policy should be adjusted in the future, drawing lessons from the worst global recession in 60 years.

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<title><![CDATA[Dubai credit-default swaps jump above 600 bps]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44263</link>
<description><![CDATA[UAE. Dubai&#039;s debt insurance costs jumped on Friday, with five year credit default swaps rising above 600 basis points for the first time since November 2009.]]></description>
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<title><![CDATA[China tightens again, raises banks&#039; reserve requirements]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44260</link>
<description><![CDATA[INTERNATIONAL. Investors pulled back from riskier assets, buoying the dollar which rose 0.7% against a basket of currencies. Stocks fell, while European and US bonds jumped.]]></description>
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<title><![CDATA[EU recovery: German economy comes to a halt, France beats fourth quarter estimates]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44255</link>
<description><![CDATA[INTERNATIONAL. France&#039;s gross domestic product rose 0.6% sequentially in the fourth quarter. Economists had forecast 0.5% rise.
]]></description>
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<title><![CDATA[EU says deal over Greek debt has been reached ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44254</link>
<description><![CDATA[INTERNATIONAL. The EU&#039;s new permanent president Herman Van Rompuy said thursday a deal has been reached to help Greece overcome its fiscal problems.

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<title><![CDATA[Greek bailout likely to be announced Thursday ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44238</link>
<description><![CDATA[INTERNATIONAL. Germany and France are expected to take the lead in sending a message that the EU will help Greece tackle its debt and deficit problems.]]></description>
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<title><![CDATA[Egyp&#039;st economy grew 5.1% in the fourth quarter]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44233</link>
<description><![CDATA[EGYPT. Egypt&#039;s economy recorded its fastest growth in more than a year in the fourth quarter, boosted by tourism, construction and manufacturing.]]></description>
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<title><![CDATA[Iran boosts uranium enrichment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44180</link>
<description><![CDATA[IRAN. Iran has begun enriching uranium to a higher level over the objections of the US and its allies who fear the process could eventually be used to give the Islamic republic nuclear weapons.

]]></description>
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<title><![CDATA[UAE to forger closer economic ties with Poland, says Al Mansouri]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44159</link>
<description><![CDATA[UAE. The UAE Minister of Economy, HE Sultan Bin Saeed Al Mansouri, has hailed the recent visit of a UAE delegation to Poland as a valuable step forward in economic relations between the two countries.]]></description>
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<title><![CDATA[UAE will see &#039;low&#039; economic growth in 2010, says central bank  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44158</link>
<description><![CDATA[UAE. The UAE central bank forecast the country&#039;s growth to be low in 2010 but better than the previous year, its governor told a media briefing on Monday.]]></description>
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<title><![CDATA[&#039;The risk is really not to own any precious metals at all,&#039; says Marc Faber]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44074</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said the US will be forced to massively monetize debts and reduce it through inflation. He remains a bull on gold, and again confirmed it as a place of safety and a haven in ongoing turbulent times.
]]></description>
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<title><![CDATA[Gulf Air&#039;s ownership transfered to Bahrain government ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44071</link>
<description><![CDATA[BAHRAIN. Bahrain&#039;s sovereign wealth fund Mumtalakat said it would transfer ownership of the country&#039;s loss-making national carrier Gulf Air to the Bahraini government.

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<title><![CDATA[Qatar&#039;s economy seen extending growth in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44070</link>
<description><![CDATA[QATAR. Qatar&#039;s economy will perform better this year than in 2009 and the Gulf country&#039;s financial position is good, the state&#039;s central bank chief said.]]></description>
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<title><![CDATA[Competitiveness is about teamwork, loyalty and helping others, says Tony Blair]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=44047</link>
<description><![CDATA[SAUDI ARABIA. According to the UK&#039;s former Prime Minister the fact that the Global Competitiveness Forum was happening showed that there was the possibility for change in the future.&#039;]]></description>
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<title><![CDATA[Abu Dhabi Economic Forum to debate economic recovery, global shift in power]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43995</link>
<description><![CDATA[UAE. The Forum will provide business leaders a clear picture of the present and future economic prospects of Abu Dhabi.]]></description>
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<title><![CDATA[Kuwait&#039;s parliament approves US$100 billion spending plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43992</link>
<description><![CDATA[KUWAIT.  Kuwait&#039;s parliament on Tuesday passed an economic development plan that authorises the government to spend KWD30 billion (US$104 billion) on mega projects over the next four years.

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<title><![CDATA[New report to highlight Saudi Arabia&#039;s confident expansion drive]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43877</link>
<description><![CDATA[SAUDI ARABIA. Prudent planning and massive reserves set aside during the oil price boom have ensured that Saudi Arabia can confidently push forward with its plans for economic expansion, according to Oxford Business Group.]]></description>
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<title><![CDATA[How quickly can the GCC emerge from the slowdown?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43945</link>
<description><![CDATA[UAE. The GCC region entered the current financial crisis with substantial resources, but a lack of open communication and financial transparency have proved detrimental, according to  Ali Al Shihabi, Founder and Chairman of Rasmala Investment Bank.]]></description>
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<title><![CDATA[Gulf to upgrade military communications capabilities as Middle East spend set to top US$100 billion by 2014]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43952</link>
<description><![CDATA[UAE. The 2nd edition of Gulf C4iSR will showcase the latest C4iSR technologies, trends and issues affecting the Gulf during its latest edition running from 1-3 February 2010 at the Armed Officers Club in Abu Dhabi.]]></description>
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<title><![CDATA[Obama proposes US$3.8 trillion budget]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43956</link>
<description><![CDATA[INTERNATIONAL. The US President said Monday the budget for fiscal year 2011 lays a new foundation for lasting growth, and includes investments in education and boosting employment]]></description>
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<title><![CDATA[Kuwait fund invested in BlackRock, eyes emerging markets in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43919</link>
<description><![CDATA[KUWAIT. Kuwait Investment Authority (KIA) invested about US$750 million in US asset manager BlackRock last year, and eyes investments in Asia and Latin America in 2010.]]></description>
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<title><![CDATA[IMF proposes &#039;Green Fund&#039; for climate change financing ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43917</link>
<description><![CDATA[INTERNATIONAL. The world must adopt a low-carbon model for growth as it rebuilds from the global economic crisis, Dominique Strauss-Kahn, Managing Director of the IMF, said at the World Economic Forum in Davos.

]]></description>
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<title><![CDATA[Globalization to resume in 2010 after temporary blip]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43897</link>
<description><![CDATA[INTERNATIONAL. Ernst &amp; Young ans EIU highlights how globalization slowed during the financial crisis and the subsequent downturn. ]]></description>
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<title><![CDATA[Bankers leave Davos admitting some reform is necessary]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43885</link>
<description><![CDATA[INTERNATIONAl. Signalling the urgency of the issue, ministers, bankers and central bankers held an informal meeting at Davos on Saturday.
]]></description>
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<title><![CDATA[Saudi Arabia affirms support for Yemen ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43883</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia affirmed its support for the government of Yemen at the High Level Conference on Yemen in London, convened 27 January by British Prime Minister Gordon Brown. ]]></description>
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<title><![CDATA[IMF urges caution on exiting economic stimulus ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43881</link>
<description><![CDATA[INTERNATIONAL. Dominique Strauss-Kahn, Managing Director of the IMF, warned the world&#039;s economic leaders to remain cautious as they examine exit strategies from the various stimulus packages they have implemented in response to the global economic crisis.

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<title><![CDATA[Nouriel Roubini says US economy still in trouble]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43868</link>
<description><![CDATA[INTERNATIONAL. Roubini called the Q4 surge in US economic growth &#039;very dismal and poor&#039; because it relied on temporary factors. More than half of the 5.7% expansion is related to a replenishing of inventories but consumption depends on monetary and fiscal stimulus, he said.

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<title><![CDATA[Stage set for prolonged depression, says Peter Schiff]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43869</link>
<description><![CDATA[INTERNATIONAL. Renowned investor, economist and author Peter Schiff said by following the advice of the same people who helped guide the US economy to the precipice of total collapse, President Obama now threatens to push it over the edge]]></description>
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<title><![CDATA[US economy surged 5.7% in fourth quarter]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43859</link>
<description><![CDATA[INTERNATIONAL. The US economy roared back to life in the fourth quarter with a 5.7% pace of growth, the government said Friday]]></description>
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<title><![CDATA[Bahrain&#039;s Mumtalakat sovereign fund set to move into bonds, stocks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43858</link>
<description><![CDATA[INTERNATIONAL. Bahrain&#039;s sovereign wealth fund, which invests mostly at home, plans to diversify away from private equity projects and into stocks and bonds, its CEO said.]]></description>
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<title><![CDATA[Diversity drives innovation, says Ernst &amp; Young ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43813</link>
<description><![CDATA[INTERNATIONAL. Ernst &amp; Young today released a report that cites diversity of thinking as a key driver of innovation within companies.]]></description>
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<title><![CDATA[Chicago booth at World Economic Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43792</link>
<description><![CDATA[INTERNATIONAL. Two professors from the University of Chicago Booth School of Business, as well as the University&#039;s President, will participate in the World Economic Forum&#039;s Annual Meeting in Davos-Klosters, Switzerland.]]></description>
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<title><![CDATA[Ten new Global Trends for 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43794</link>
<description><![CDATA[INTERNATIONAL.  Every business process will go through intense compression and digitalization so when it comes out on the other side of the tunnel, it will have already considerably reduced its operational costs.  
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<title><![CDATA[IMF raises 2010 Middle East growth forecast to 4.5%, expects contraction in Dubai ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43786</link>
<description><![CDATA[INTERNATIONAL. The IMF revised its October growth forecast for the UAE to between zero and 1% from 2.4% because of the property collapse and debt crisis in Dubai.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Mubadala in talks over US$2 billion loan refinancing, say bankers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43784</link>
<description><![CDATA[UAE. Mubadala offers comfort to lenders with its 100% government ownership and will be able to call on its close relationship banking group to agree a new deal, the bankers said.

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<title><![CDATA[UAE and Poland to strengthen bilateral trade relations ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43781</link>
<description><![CDATA[UAE. HE Sultan Saeed Al Mansouri, UAE Minister of Economy, said the UAE and Poland will strengthen bilateral trade relations by leveraging the investment environments in both countries.]]></description>
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<title><![CDATA[UK recession at an end but growth weaker than expected]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43771</link>
<description><![CDATA[INTERNATIONAL. A 0.1% expansion in the economy between October and December ended six straight quarters of shrinking output, according to first estimates from the UK&#039;s Office for National Statistics. ]]></description>
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<title><![CDATA[Bahrain tops Middle East economic freedom rankings, Qatar comes second]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43715</link>
<description><![CDATA[INTERNATIONAL. Bahrain tops the rankings among Middle East countries in the 2010 Index of Economic Freedom published by the Washington-based Heritage Foundation and the Wall Street Journal]]></description>
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<title><![CDATA[Saudi Arabia not planning rates hike, say central bank Governor]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43707</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia&#039;s central bank Governor Muhammad al-Jasser said he&#039;s not planning to raise interest rates because inflation isn&#039;t a concern and demand for loans isnt strong enough yet.]]></description>
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<title><![CDATA[Saudi Arabia to pursue stimulus, expects growth of more than 4% in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43708</link>
<description><![CDATA[SAUDI ARABIA.  Finance Minister Ibrahim al-Assaf said the kingdom will continue to pump money to boost growth in 2010.]]></description>
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<title><![CDATA[Bahrain plans US$1 billion conventional bond issue]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43701</link>
<description><![CDATA[BAHRAIN. Bahrain plans to issue a US$1 billion sovereign bond with a 10-year maturity targeting mostly US investors, a banking source said on Sunday.]]></description>
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<title><![CDATA[UAE to set up debt-management unit ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43697</link>
<description><![CDATA[UAE. The UAE plans to create a debt-management unit which will work with the central bank, the Director-General of the Ministry of Finance said.]]></description>
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<title><![CDATA[Obama blasts Supreme Court on campaign finance]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43693</link>
<description><![CDATA[INTERNATIONAL. President Barack Obama took a populist tone Saturday, denouncing the Supreme Court&#039;s decision to ease curbs on big business spending on election campaigns.]]></description>
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<title><![CDATA[US Fed&#039;s Bernanke second term in doubt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43663</link>
<description><![CDATA[INTERNATIONAL. With the US job market in disarray and voters angry at Wall Street, members of Congress facing mid-term elections in November have come down hard on the central bank.

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<title><![CDATA[UK terror threat level raised to &#039;severe&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43664</link>
<description><![CDATA[INTERNATIONAL. The threat to the UK from international terrorism has been raised from substantial to severe,  meaning an attack is &quot;highly likely&quot;.

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<title><![CDATA[Nouriel Roubini sees markets falling, sovereign defaults spreading ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43654</link>
<description><![CDATA[INTERNATIONAL. If I&#039;m correct, by the second half of the year, there&#039;s going to be a slowdown of growth in US, Europe and Japan. That could be the beginning of a market correction because the macroeconomic news is going to surprise on the downside, Roubini said.
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<title><![CDATA[Bahrain completes deal for nine Blackhawk helicopters]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43658</link>
<description><![CDATA[BAHRAIN. Bahrain finalised an agreement for nine Blackhawk-M helicopters at the kingdom&#039;s air show, ]]></description>
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<title><![CDATA[Marc Faber says &#039;we are all doomed,&#039; predicts cyber wars ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43655</link>
<description><![CDATA[INTERNATIONAL. Marc Faber said the US administration&#039;s interventions in the market will not solve problems and will bring about unintended consequences.]]></description>
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<title><![CDATA[Markets tumble after Obama sets out to curb banks ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43653</link>
<description><![CDATA[INTERNATIONAL. Stock markets tumbled after US President Barack Obama proposed far-reaching plans to curb the activities of the biggest US banks to avert future financial crises.

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<title><![CDATA[Successful long term GCC economic growth plans require strong support to SMEs, says AT Kearney ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43640</link>
<description><![CDATA[INTERNATIONAL. GCC governments have been eager to develop long term sustainable economies diversified away from oil. ]]></description>
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<title><![CDATA[Dubai Crown Prince restructures Executive Council to bolster decision making]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43650</link>
<description><![CDATA[UAE. Dubai&#039;s crown prince on Thursday said one of its main government bodies would be reorganised, as the emirate tries to improve its decision-making process.

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<title><![CDATA[Middle East economic growth to rebound to 3.7% in 2010, says World Bank ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43642</link>
<description><![CDATA[INTERNATIONAL. The regional economy will grow 3.7% this year and 4.4% in 2011 from an estimated 2.9% in 2009 after the global credit crisis sent oil prices tumbling, the World Bank said. ]]></description>
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<title><![CDATA[World Bank warns of &#039;double dip&#039; as stimulus wanes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43627</link>
<description><![CDATA[INTERNATIONAL. According to the Global Economic Prospects 2010, the global economy will grow 2.7% this year and 3.2% in 2011. It contracted 2.2% in 2009.

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<title><![CDATA[Saudi&#039;s Kingdom Centre evacuated for bomb threat]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43622</link>
<description><![CDATA[SAUDI ARABIA. A false bomb scare phoned into a bank office forced the evacuation Wednesday of the 99 floor Kingdom Centre, Saudi Arabia&#039;s tallest skyscraper, a security official said.]]></description>
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<title><![CDATA[Euro slumps as Morgan Stanley analyst forecast a 10% Dollar rally in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43614</link>
<description><![CDATA[INTERNATIONAL. The euro tumbled under US$1.42 as worries mounted over the outlook for the European economy in light of weak German data and Greece&#039;s fiscal woes, dealers said.

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<title><![CDATA[Jim Rogers sees China property market in a bubble ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43578</link>
<description><![CDATA[INTERNATIONAL. Shanghai and Hong Kong property prices may fall after being driven higher by speculative demand. The rest of the Chinese economy is &#039;hardly in a bubble.&#039;


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<title><![CDATA[Gulf corporate credit quality on path to slow recovery, says Moody&#039;s]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43595</link>
<description><![CDATA[INTERNATIONAL. The outlook for corporate credit quality in the Gulf region going into 2010 is one of slow recovery or at least stabilisation, says Moody&#039;s Investors Service in its New Special Comment entitled &#039;Arabian Gulf Corporates: Review 2009 &amp; Key Themes for 2010&#039;. 

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<title><![CDATA[Malaysian Prime Minister receives Saudi Arabia&#039;s highest award]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43582</link>
<description><![CDATA[SAUDI ARABIA. The event took place at the Conference Palace where Najib had an audience with the Saudi King in conjunction with his official four-day state visit to Saudi Arabia from 13-16 January.]]></description>
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<title><![CDATA[DHA Director General receives delegation from the Emirates Association]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43557</link>
<description><![CDATA[UAE. The Director General of the Dubai Health Authority welcomed a delegation from the Emirates Association for Human Rights who visited the DHA headquarters recently. ]]></description>
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<title><![CDATA[IMF warns of threats to recovery, stimulus still needed ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43544</link>
<description><![CDATA[INTERNATIONAl. IMF Managing Director Dominique Strauss-Kahn warned that growth was still largely driven by government stimulus measures and countries risked a return to recession if anti-crisis measures are withdrawn too soon.

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<title><![CDATA[UAE real GDP growth seen at 2.5% in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43530</link>
<description><![CDATA[UAE. Strong growth in Abu Dhabi is expected to fuel a 2.5% increase in real Gross Domestic Product in the UAE in 2010, according to a SHUAA Capital report.]]></description>
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<title><![CDATA[Dubai says Abu Dhabi aid included US$5 billion from banks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43516</link>
<description><![CDATA[UAE. Dubai&#039;s US$10 billion aid from Abu Dhabi in December included US$5 billion previously lent by two Abu Dhabi banks, a Dubai government spokeswoman said on Monday.

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<title><![CDATA[Bahrain leads Middle East in UN e-Government survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43501</link>
<description><![CDATA[BAHRAIN. The 2010 UN Global e-Government Readiness Survey placed the Kingdom 13th of 192 countries worldwide in its application of Information and Communications Technology (ICT) to provide access and inclusion for its citizens.
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<title><![CDATA[Spanish politician may sue FBI over Bin Laden photo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=43500</link>
<description><![CDATA[INTERNATIONAL. Spanish politician Gaspar Llamazares threatens to prosecute the FBI for using his photo to produce a digitally enhanced image showing what Osama bin Laden might look like today.]]></description>
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