<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[Dubai reshuffles key investment arm, tightens control]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42218</link>
<description><![CDATA[UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate&#039;s largest holding company, the Investment Corporation of Dubai.

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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.
]]></description>
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<title><![CDATA[Herman Van Rompuy appointed EU President]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42210</link>
<description><![CDATA[INTERNATIONAl. The leaders of the 27-member bloc also chose a woman for the second top job, British commissioner Baroness Ashton, who will be the EU&#039;s new foreign policy chief.]]></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[Major powers to meet after Iran rejects nuclear deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42207</link>
<description><![CDATA[INTERNATIONAL. Major world powers are to meet in Brussels on Friday to discuss Iran&#039;s rejection of a nuclear fuel deal, a top EU official said, after US President Barack Obama warned of &quot;consequences&quot; for Tehran.

]]></description>
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<title><![CDATA[Tony Blair out of EU President race]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42202</link>
<description><![CDATA[INTERNATIONAL. Tony Blair tonight bowed out of the race to become the first president of the European Council when it became clear that centre-right leaders, who dominate the EU, are determined that the post should go to their group.]]></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[Dubai Airshow 2009 onsite order book tops US$10 billion on third day]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42147</link>
<description><![CDATA[UAE. The onsite order book at Dubai Airshow 2009 has risen to US$10.5 billion after the UAE Armed Forces signed aircraft orders with Sweden&#039;s Saab and Switzerland&#039;s Pilatus.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s IPIC in talks to buy Bayer unit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42132</link>
<description><![CDATA[UAE. International Petroleum Investment Co is in talks to buy Bayer&#039;s MaterialScience division, chemicals trade publication ICIS reported.]]></description>
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<title><![CDATA[Eurofighter sees Typhoon demand in Gulf region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42109</link>
<description><![CDATA[UAE. Eurofighter CEO sees Middle East demand between 50-100 aircraft out of a total 300 global export contracts.]]></description>
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<title><![CDATA[Dubai to issue second tranche of US$20 billion bond by year-end]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42083</link>
<description><![CDATA[UAE. &#039;It will happen by the end of the year,&#039; Sheikh Ahmed bin Saeed Al-Maktoum told reporters at the Dubai Air Show today.]]></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[China&#039;s leadership key in global economic recovery, says IMF ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42075</link>
<description><![CDATA[INTERNATIONAL. China is leading the world out of recession and has a key role to play in the longer-term reform and rebalancing of the global economy, Dominique Strauss-Kahn, Managing Director of the IMF, said in a speech to the International Finance Forum in Beijing today.]]></description>
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<title><![CDATA[Three Arab nations purchase Raytheon AMRAAM]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42050</link>
<description><![CDATA[INTERNATIONAL. The US government executed separate letters of offer and acceptance with three of its key allies to purchase Raytheon company&#039;s AIM-120C-7 Advanced Medium Range Air-to-Air Missile]]></description>
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<title><![CDATA[Saudi inflation slows to 3.5%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42046</link>
<description><![CDATA[SAUDI ARABIA. Saudi inflation slowed to its slowest pace in more than two years according to the central department of statistics.]]></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[Dubai Airshow at forefront of aerospace industry revival, says Sheikh Ahmed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42045</link>
<description><![CDATA[UAE. The Dubai Airshow could witness a revival in aerospace industry fortunes and Dubai stands ready to be at the forefront of the upturn, according to Sheikh Ahmed Bin Saeed Al Maktoum, President, Dubai Department of Civil Aviation and Chairman of Dubai Airports.
]]></description>
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<title><![CDATA[US dollar&#039;s decline threaten global economic recovery, says China bank regulator]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42043</link>
<description><![CDATA[INTERNATIONAL. Liu Mingkang told a finance forum in Beijing that Washington&#039;s promise to keep interest rates low for an extended period was encouraging a dollar &quot;carry trade&quot; and fuelling massive speculation.]]></description>
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<title><![CDATA[A population boom is transforming the Gulf]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=42038</link>
<description><![CDATA[INTERNATIONAL. The profound demographic and social changes that have transformed the GCC are set to continue over the next decade, raising significant questions related to labour and immigration policies.]]></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.

]]></description>
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<title><![CDATA[Kuwait Investment Authority to take advantage of current market conditions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41994</link>
<description><![CDATA[KUWAIT. Sovereign fund Kuwait Investment Authority said on Saturday it will take advantage of mispricing in markets and said its returns would not be affected by long-term US dollar volatility]]></description>
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<title><![CDATA[Obama says strong, prosperous China strengthens all nations ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41998</link>
<description><![CDATA[INTERNATIONAL. President Barack Obama says the US &quot;does not seek to contain&quot; China&#039;s rise as a big player on the world stage.

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<title><![CDATA[Dubai&#039;s 11th Airshow opens on Sunday]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41987</link>
<description><![CDATA[UAE. Running over five days at the city&#039;s Airport Expo, Dubai Airshow is the foremost aerospace event in the Middle East and the fastest growing in the world.

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<title><![CDATA[Iran central bank mints five million new gold coins in bid to control inflation ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41989</link>
<description><![CDATA[IRAN.  Iran&#039;s central bank  injects five million newly-minted gold coins into the domestic market in order to bring down inflation and reduce liquidity in the economy.
]]></description>
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<title><![CDATA[Europe posts economic growth, officially ending recession]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41990</link>
<description><![CDATA[INTERNATIONAL. Europe&#039;s deepest recession since World War II officially ended on Friday when the world&#039;s biggest trading bloc joined Japan and the United States in returning to growth.]]></description>
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<title><![CDATA[Global confidence dips as policy makers begin exit strategies ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41981</link>
<description><![CDATA[INTERNATIONAL. Confidence in the world economy dipped in November as central banks&#039; actions to withdraw some emergency measures sparked concern about the strength of the recovery, a Bloomberg survey of users on six continents showed.]]></description>
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<title><![CDATA[Geithner says US needs &#039;strong dollar&#039; to spur recovery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41985</link>
<description><![CDATA[INTERNATIONAL. It is very important for the United States that we have a strong dollar, ... that we sustain confidence in not just the stability of our financial system but in our capacity as a country, as growth recovers, to move our fiscal position back in the balance, Geithner said. 
]]></description>
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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[Nakheel in talks with Dubai World on bond]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41947</link>
<description><![CDATA[UAE. Nakheel is in discussions with its parent company regarding the forthcoming December US$3.52 billion sukuk maturity.]]></description>
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<title><![CDATA[Strong dollar &#039;very important&#039; for US, says Geithner]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41946</link>
<description><![CDATA[INTERNATIONAL. US officials regularly express their backing for a &quot;strong dollar&quot; but have done nothing to arrest its slide, which many see as necessary to reduce the big US trade deficit.

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<title><![CDATA[First Arab industrial SME competition is ideal platform for innovation, says Al Mansouri ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41934</link>
<description><![CDATA[UAE. HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, highlighted the Government&#039;s focus on developing the small and medium enterprises by encouraging the culture of innovation and creativity. 

]]></description>
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<title><![CDATA[Egypt inflation accelerates to 13.3%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41912</link>
<description><![CDATA[EGYPT. Egypt&#039;s inflation rate increased for a second month in a row, backing the central bank&#039;s decision to halt a series of cuts that pushed the key interest rates to a three-year low.]]></description>
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<title><![CDATA[Qatar cuts VW stake, stands to make US$1.12 billion from the sale]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41911</link>
<description><![CDATA[INTERNATIONAL. Qatar plans to sell up to half its Volkswagen preference shares, cashing in on recent gains and raising around US$2.4 billion for possible future deals.]]></description>
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<title><![CDATA[Kuwait forecast to post budget surplus of up to US$22.3 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41901</link>
<description><![CDATA[KUWAIT. A National Bank of Kuwait report estimates that the government will run a budget surplus of between US$16.4 billion and US$22.3 billion in the 2009/2010 fiscal year ending next March 31.]]></description>
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<title><![CDATA[Mubadala eyes up to US$5 billion business in GE finance Joint venture]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41875</link>
<description><![CDATA[UAE. Abu Dhabi&#039;s investment company Mubadala said its commercial finance joint venture with General Electric was aiming for up to US$5 billion in business next year.

]]></description>
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<title><![CDATA[Germany marks fall of Berlin Wall]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41871</link>
<description><![CDATA[INTERNATIONAL. Germany remembered today the 20th anniversary of the day the Berlin Wall fell, sending East Germans flooding west and setting in motion events that soon led to the country&#039;s reunification.]]></description>
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<title><![CDATA[Dubai ruler says worst of crisis is over, stresses UAE unity]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41863</link>
<description><![CDATA[UAE. The global financial crisis has not hampered Dubai&#039;s ambitions, Sheikh Mohammed said.]]></description>
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<title><![CDATA[Japanese firms are owed billions in Dubai ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41842</link>
<description><![CDATA[UAE. Dubai companies owe billions of dollars to Japanese companies who worked on projects such as the emirate&#039;s metro and Palm Island, according to the Japanese Consul General.]]></description>
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<title><![CDATA[Dubai repays US$1 billion aviation bond ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41841</link>
<description><![CDATA[UAE. Dubai said on Sunday it has repaid a US$1 billion Dubai Civil Aviation Authority sukuk that matured on November 4.

]]></description>
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<title><![CDATA[World experts meet in Dubai ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41832</link>
<description><![CDATA[UAE. Regional and international experts on corporate governance are gathered in Dubai to review the progress in reforming corporate governance frameworks in Middle East and North Africa countries. ]]></description>
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<title><![CDATA[Text of final communique from G20 meeting in Scotland]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41802</link>
<description><![CDATA[INTERNATIONAL.  Following is the text of the communique issued by the G20 finance ministers and central bank governors at their meeting in St. Andrews, Scotland.

]]></description>
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<title><![CDATA[Analysis: Obama and the US strategy of buying time]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41800</link>
<description><![CDATA[INTERNATIONAL. Making sense of US President Barack Obama&#039;s strategy at this moment is difficult. Not only is it a work in progress, but the pending decisions he has to make -- on Iran, Afghanistan and Russia -- tend to obscure underlying strategy.]]></description>
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<title><![CDATA[Gordon Brown calls for global tax on banks to cover future bailouts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41795</link>
<description><![CDATA[INTERNATIONAL. Brown told the G20 meeting it was not acceptable that banking success was reaped by the few but failure was &quot;borne by all of us&quot;. His intervention came as something of a surprise to the delegates and even to some of his colleagues.

]]></description>
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<title><![CDATA[G20 to keep stimulus till recovery assured, says communique]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41794</link>
<description><![CDATA[INTERNATIONAl. Global economic conditions have improved but are still uneven and dependent on policy support, according to a draft of the G20 finance ministers&#039; and central bankers&#039; end-of-meeting communique.

]]></description>
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<title><![CDATA[Peter Schiff says recovery is one-way street paved with savings, capital investment and production]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41793</link>
<description><![CDATA[INTERNATIONAL. During the boom, we spent money we did not have to buy things we did not produce and could not afford, Schiff said in his characteristic way of addressing fundamental economic issues in plain English.]]></description>
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<title><![CDATA[IMF warns G20 not to repeat mistakes of Great Depression ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=41792</link>
<description><![CDATA[INTERNATIONAL. The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly. ]]></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[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.
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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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