<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Kuwait</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[Kuwait court orders dissolution of parliament, new elections]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62206</link>
<description><![CDATA[KUWAIT. Political stability in Kuwait has traditionally depended on cooperation between the government and parliament, the oldest and most powerful legislature in the Gulf Arab states.]]></description>
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<title><![CDATA[Saudi crude oil production rose to 9.37 million bpd in May ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62182</link>
<description><![CDATA[KUWAIT. World oil demand to average 88.6 million bpd in 2013; EIA cuts growth forecast for world oil demand in 2013.]]></description>
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<title><![CDATA[World Bank supports strengthening of Kuwait&#039;s insolvency and creditor/debtor regime]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62080</link>
<description><![CDATA[KUWAIT. New project will strengthen Kuwait&#039;s commercial law and regulation to be more responsive to the needs and aspirations of market participants and bring up to regional and international standards. ]]></description>
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<title><![CDATA[Qatar ranks first, UAE ninth globally by proportion of millionaire households]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62068</link>
<description><![CDATA[UAE. Private financial wealth in the Middle East and Africa grew to US$4.8 trillion, an increase of 9.1%, according to The Boston Consulting Group&#039;s 2013 Global Wealth Report. ]]></description>
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<title><![CDATA[Kuwait Finance House &#039;A-/A-2&#039; ratings affirmed on expected rights issue, outlook negative]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62069</link>
<description><![CDATA[KUWAIT. Despite the expected capital increase, limited earnings generation and continued balance sheet growth will continue to put pressure on the company&#039;s capitalization and risk position.
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<title><![CDATA[GCC construction contractors record profit of US$61 million in first quarter 2013, down 2.5% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62054</link>
<description><![CDATA[KUWAIT. Backlog rises 2.0%QoQ in 1Q13; Order receipts/new awards plummet 55.9%QoQ in 1Q13; Gross margins improve to 11.4% in 1Q13 from 9.2% in 4Q12.]]></description>
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<title><![CDATA[Kuwait to burn 900,000bpd to generate electricity and desalinate water by 2030]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62048</link>
<description><![CDATA[KUWAIT. 20% of fuel consumption to be allocated just for the country&#039;s electricity and power needs.]]></description>
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<title><![CDATA[GCC Real Estate Quarterly: UAE and Saudi markets continue to lead while Kuwaiti market catches up]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62031</link>
<description><![CDATA[KUWAIT. Markets continued to maintain uptrend; Government support &amp; improved market sentiment to boost the sector, according to Global Investment House 1Q13 real estate report.]]></description>
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<title><![CDATA[Energy efficiency now a growing concern for Gulf States]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62034</link>
<description><![CDATA[KUWAIT. Fuelled by a population boom and economic development, the growth of energy consumption in the Middle East is prompting many Gulf states to seriously implement energy efficiency initiatives.]]></description>
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<title><![CDATA[Managing a workforce in the GCC: an overview]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61997</link>
<description><![CDATA[UAE. The session provided a strategic overview of the employment and workforce management aspects of operating in each of the six GCC countries and the basic resources needed to face the challenge of adhering to varying labour laws in each of the GCC countries.]]></description>
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<title><![CDATA[Kuwait&#039;s KIPCO takes majority stake in Malta&#039;s Fimbank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62023</link>
<description><![CDATA[KUWAIT. United Gulf Bank,  KIPCO&#039;s Bahrain-based merchant banking unit and Burgan Bank, the Kuwaiti firm&#039;s commercial banking arm, got regulatory approvals to buy a combined 68.7% stake in Fimbank.]]></description>
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<title><![CDATA[Kuwait&#039;s insurance sector faces regulatory uncertainty and volatile growth, says A.M. Best report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62007</link>
<description><![CDATA[KUWAIT. While Kuwait&#039;s total gross premium written (GPW) is expected to increase in 2013 at a faster pace than that of other more mature insurance markets, it will increase at a slower rate than most other GCC countries.]]></description>
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<title><![CDATA[Kuwait aims to generate 15% of electricity requirements from renewable sources by 2030]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61971</link>
<description><![CDATA[KUWAIT. Move is part of Kuwait&#039;s efforts to reduce energy consumption rates, which is one of the highest in the world.]]></description>
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<title><![CDATA[67% of UAE professionals feel their salary is lower than industry peers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61962</link>
<description><![CDATA[UAE. Only 3% state a high level of satisfaction with their current remuneration; 21% expect a raise of more than 15% in 2013, according to Bayt.com and YouGov Salary survey.]]></description>
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<title><![CDATA[Economic growth moderates across Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61957</link>
<description><![CDATA[INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.]]></description>
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<title><![CDATA[Kuwait&#039;s Kharafi group wins US$930 million from Libya ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61890</link>
<description><![CDATA[KUWAIT. Damages for former leader Muammar Gaddafi&#039;s cancelling of the construction of a vacation resort in Tripoli, which would have included hotel accommodation, villas and a shopping mall.]]></description>
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<title><![CDATA[Total assets of the Top 500 Companies in the Arab World stand at US$2.21 trillion, reveals Forbes study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61874</link>
<description><![CDATA[UAE. Saudi Arabia&#039;s SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.]]></description>
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<title><![CDATA[Kuwait Airways signs deal with Airbus to buy 25 planes ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61867</link>
<description><![CDATA[KUWAIT. Kuwait Airways is buying 15 A320neo and 10 A350-900 planes with options for 10 more, five from each, chairman Sami al-Nasef said.]]></description>
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<title><![CDATA[IEA sees U.S. oil &#039;shockwaves&#039; displacing OPEC as supply driver]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61826</link>
<description><![CDATA[INTERNATIONAL. North America will provide 40% of new supplies to 2018 through the development of light, tight oil and oil sands, while the contribution from OPEC will slip to 30%.]]></description>
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<title><![CDATA[Investment Dar offers assets to creditors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61830</link>
<description><![CDATA[KUWAIT. The shareholder in luxury carmaker Aston Martin is offering some of its assets to creditors as the Kuwaiti company restructures debt. ]]></description>
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<title><![CDATA[Kuwait-led group in takeover approach for Severn Trent]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61828</link>
<description><![CDATA[INTERNATIONAL. The Kuwait Investment Office, Borealis Infrastructure Management Inc. and Universities Superannuation Scheme have approached the utility regarding a possible bid.]]></description>
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<title><![CDATA[IIF sees robust growth and progress on diversification in the GCC ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61816</link>
<description><![CDATA[UAE. Banking system is sound and has fully recovered from the spillovers of the global financial crisis;  Gross foreign assets to exceed US$2.5 trillion by end-2013, reinforcing economic resilience if oil prices drop.]]></description>
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<title><![CDATA[Airbus close to Kuwait Airways order for 25 planes ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61813</link>
<description><![CDATA[KUWAIT. Airline may sign the agreement as early as this month for 10 Airbus A350-900s and 15 single-aisle A320neos, according to two people familiar with the matter. 
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<title><![CDATA[2013 is year of optimism and opportunity in GCC construction sector, finds Deloitte report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61807</link>
<description><![CDATA[UAE. In a region where there is an acute deficit in terms of infrastructure, all eyes are back on governments and how they propose to manage their spending, says Deloitte Middle East&#039;s GCC Powers of Construction Report.]]></description>
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<title><![CDATA[Diversification remains key and common objective for Middle Eastern SWFs, says KPMG report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61755</link>
<description><![CDATA[UAE. Report provides insight into the recent trends and developments in SWF investment strategies specifically in the UAE, Qatar and Kuwait. It also looks at the evolution of SWFs in the Middle East as the region looks to reduce its dependence on energy resources. 

]]></description>
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<title><![CDATA[Kuwait fund gives US$215 million for Jordan energy projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61734</link>
<description><![CDATA[KUWAIT. About US$150 million will be used to build a 65-megawatt wind farm in Maan and US$65 million is for a gas terminal in the Red Sea town of Aqaba.]]></description>
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<title><![CDATA[Economic diversification will result in sustainable growth in Kuwait&#039;s real estate and infrastructure in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61733</link>
<description><![CDATA[KUWAIT. Doha Bank Summit in Kuwait brought together some of the region&#039;s leading consultants and advisory firms in their specific sectors discussing opportunities and trends. ]]></description>
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<title><![CDATA[UK-based National Bank of Kuwait assigned &#039;A+/A-1&#039; ratings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61699</link>
<description><![CDATA[KUWAIT. National Bank of Kuwait International PLC (NBKI), the U.K.-based subsidiary of National Bank of Kuwait (NBK), provides corporate and private banking services to the NBK group&#039;s clients in Europe.]]></description>
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<title><![CDATA[Kuwait may see US$53 billion surplus on underspend, says NBK report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61663</link>
<description><![CDATA[KUWAIT. Eleven-month surplus of 18.8 billion dinars is &quot;thanks partly to an unusual underspend in the miscellaneous expenditures and transfers&#039; segment.&quot;]]></description>
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<title><![CDATA[Jaguar Land Rover MENA records best ever month with sales up 68% in March]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61654</link>
<description><![CDATA[UAE. MENA sales increase by 27% for fiscal year 2012-2013; Land Rover  sales up 29%; Jaguar sales up 19%.]]></description>
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<title><![CDATA[Kuwait ratings affirmed at &#039;AA/A-1+&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61627</link>
<description><![CDATA[KUWAIT. &quot;Kuwait has a rich resource endowment, which has led to high levels of wealth and has enabled it to build very strong external and fiscal balance sheet positions.&quot;

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<title><![CDATA[Banking M&amp;A deals on the rise in the Middle East amid global decline, says PwC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61572</link>
<description><![CDATA[UAE. Middle East banks showing increasing confidence in expansion beyond domestic markets; High oil prices have helped banks in some parts of the Middle East to maintain high levels of liquidity. 
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<title><![CDATA[Protiviti Global IA Leader highlights 10 major challenges for businesses in 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61553</link>
<description><![CDATA[KUWAIT. Regulatory changes and increased regulatory scrutiny, economic conditions and global political and economic volatility are three of the biggest challenges facing businesses in 2013.]]></description>
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<title><![CDATA[OPEC said to consider Saudi Arabian for head of research role]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61519</link>
<description><![CDATA[INTERNATIONAL. The candidate will be discussed, along with any others from the 12 members at an OPEC board of governors meeting that is scheduled for May 6 or May 7.]]></description>
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<title><![CDATA[Prince Alwaleed tops Forbes Middle East&#039;s &#039;World&#039;s Richest Arabs&#039; for 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61507</link>
<description><![CDATA[UAE. The year&#039;s list of global billionaires has been published by Forbes Middle East, featuring some of the wealthiest Arabs on the planet.]]></description>
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<title><![CDATA[Global Information Technology Report highlights role of digital technologies in creating much needed jobs in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61480</link>
<description><![CDATA[UAE. The report ranks three GCC countries in the top 30 list globally, and another two in the top 40: Qatar (23), the United Arab Emirates (25), Bahrain (29), Saudi Arabia (31) and Oman (40), demonstrating that they continue to embrace ICT to boost their country&#039;s competitiveness.  ]]></description>
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<title><![CDATA[Kuwait to spend as much as US$17.5 billion in current fiscal year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61436</link>
<description><![CDATA[KUWAIT. The plan to diversify the economy includes boosting crude and gas production, building a metro and rail network, new hospitals, roads, power stations, expanding the airport and building a port on Boubyan Island.]]></description>
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<title><![CDATA[Global Investment House overall bullish on Abu Dhabi stocks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61447</link>
<description><![CDATA[KUWAIT. On the daily charts, the index continues to trade above short-term moving averages, while RSI is in positive territory; this suggests positive bias among traders.
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<title><![CDATA[GCC markets end March in the green, except the UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61429</link>
<description><![CDATA[KUWAIT. Kuwait led the rally with a 4.0%MoM gain, followed by Saudi Arabia; Trading activity increased, while IPO activity remained subdued.]]></description>
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<title><![CDATA[Kuwait&#039;s Zain sees Iraq unit IPO completed by end of year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61420</link>
<description><![CDATA[KUWAIT. &quot;The formation of the joint stock exchange company is taking longer than expected due to local governmental procedures.&quot;]]></description>
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<title><![CDATA[Alabbar to lead speaker panel on fifth ASDA&#039;A Burson-Marsteller Arab Youth Survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61419</link>
<description><![CDATA[UAE. Survey results based on face-to-face interviews with 3,000 Arab youth between the ages of 18 to 24 in 15 Arab nations.]]></description>
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<title><![CDATA[IFA arranges US$50 million financing for Al Wafir Marketing Services]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61410</link>
<description><![CDATA[KUWAIT. Five year term loan facility from Kuwait International Bank will extend Al Wafir&#039;s maturity profile and will fund cost-efficiently the future growth of its operations.]]></description>
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<title><![CDATA[Kuwait&#039;s parliament approves personal debt relief plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61390</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s parliament approved a plan to buy some citizens&#039; personal loans, write off the interest and reschedule repayments.

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<title><![CDATA[Kuwait debtors&#039; bailout may cost US$2.61 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61375</link>
<description><![CDATA[KUWAIT. The government is discussing with lawmakers a plan to write off the interest on Kuwaiti citizens&#039; personal bank loans taken out before the end of March 2008.]]></description>
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<title><![CDATA[Kuwait&#039;s Kipco sees double-digit growth in 2013, repays debt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61365</link>
<description><![CDATA[KUWAIT. &quot;2013 could be a turning point in the outlook for the regional and local economies and our companies are ready to maximize the opportunities.&quot;]]></description>
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<title><![CDATA[GCC banks settle at high single digit growth percentages and outperform international banks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61342</link>
<description><![CDATA[UAE. A recent study by The Boston Consulting Group shows that Middle East banking revenues continued to grow at single digit rates in 2012 with a 6.9% increase, whilst profits increased by 8.1% due to an overproportional increase in extraordinary income; Increase in total LLPs driven by Saudi Arabia and Kuwait.]]></description>
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<title><![CDATA[Kuwait surplus soars on high oil price]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61333</link>
<description><![CDATA[KUWAIT. Kuwait posted a record provisional budget surplus of 17.2 billion dinars (US$60.2 billion) in the first 10 months of the fiscal year on high oil price, government data showed.]]></description>
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<title><![CDATA[Kuwait&#039;s Gulf Bank long-term rating raised to &#039;BBB+&#039; on improved capitalization]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61324</link>
<description><![CDATA[KUWAIT. &quot;Gulf Bank has made great progress in addressing problematic credit exposures from the crisis, and is now in a good position to improve its credit risk profile, provided its current risk appetite or risk-concentration metrics do not change.&quot;]]></description>
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<title><![CDATA[Social media empowering MENA businesses to innovate like never before]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61298</link>
<description><![CDATA[UAE. Pioneering study by Dubai School of Government and SAP focusing on Arab youth, reveals 86% believe social media empowers entrepreneurs.]]></description>
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<title><![CDATA[Protiviti leads the Business Continuity Awareness forum in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61288</link>
<description><![CDATA[KUWAIT. Awareness event highlighted the top six threats for organizations to maintain the continuity of services.]]></description>
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<title><![CDATA[Social media can help MENA youth find jobs and spark entrepreneurship ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61272</link>
<description><![CDATA[UAE. Findings revealed in most comprehensive study by Dubai School of Government and SAP on region&#039;s social media trends. ]]></description>
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<title><![CDATA[44% of MENA professionals expect their personal finances to improve in the next six months]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61234</link>
<description><![CDATA[UAE. 55% of MENA residents believe business conditions will also become better, according to the latest MENA Consumer Confidence Index Survey conducted by Bayt.com and YouGov.]]></description>
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<title><![CDATA[Urgent job creation on a mass scale key to stability in the Arab region, says UNDP report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61212</link>
<description><![CDATA[INTERNATIONAL. Arab States could reap a major &quot;demographic dividend&quot; if they can convert their advances in education into employment opportunities for youth, says the 2013 Human Development Report.]]></description>
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<title><![CDATA[Carbon constraints could negatively impact global oil sector]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61128</link>
<description><![CDATA[INTERNATIONAL. By analysing the potential impact of future carbon constraints driven by global climate change policies, the S&amp;P study shows a deterioration in the financial risk profiles for smaller oil companies that could lead to negative outlooks and downgrades.]]></description>
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<title><![CDATA[Kuwait has nine-month budget surplus of US$56.7 billion, says NBK]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61122</link>
<description><![CDATA[KUWAIT. &quot;The surplus, equivalent to 33% of annual 2012 GDP, was lifted by a combination of soaring revenues and comparatively softer spending growth.&quot;]]></description>
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<title><![CDATA[Middle East population boom creates growth opportunity but only with long-term investment, says ICAEW]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61093</link>
<description><![CDATA[UAE. A population boom means a huge potential workforce for the Middle East. In its latest quarterly report, the accountancy and finance body says the huge increase in younger people will demand strategic decisions in how to direct public spending.]]></description>
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<title><![CDATA[Business travel in MENA on road to recovery, finds YouGov survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61058</link>
<description><![CDATA[UAE. 43% of respondents report an increase in business travel budgets during 2012; KSA and UAE most popular business travel destinations among respondents in 2012; 29% of business travelers surveyed flew in a premium class in 2012.]]></description>
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<title><![CDATA[Salary tops list of reasons MENA professionals quit, reveals Bayt.com survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61057</link>
<description><![CDATA[UAE. The majority of employees stay no longer than five years in a job; Multinationals seen as having highest retention rates; 60.2% state that retention today is lower than in previous generations. ]]></description>
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<title><![CDATA[Project financing to reach US$80 billion in three Gulf states]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61019</link>
<description><![CDATA[QATAR. Qatar, UAE, Kuwait projects in 2013 valued at US$245 billion, to prompt rise in project financing, according to MEED&#039;s Qatar Projects 2013 conference. ]]></description>
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<title><![CDATA[Forbes Middle East unveils the Best Performing Economies in the Arab World ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61018</link>
<description><![CDATA[UAE. The study highlights positive transformation in oil-exporting countries including economic diversification and increased public spending on health &amp; education.]]></description>
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<title><![CDATA[GCC equities forecast to generate 10%-15% return in 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=61013</link>
<description><![CDATA[BAHRAIN. Optimistic outlook for GCC equities forms the basis of a report from Bahrain-based regional investment bank, Securities &amp; Investment Company (SICO).]]></description>
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<title><![CDATA[67% of UAE employers planning to hire in 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60985</link>
<description><![CDATA[UAE. 30% of MENA employers are &quot;definitely hiring&quot;, an additional 27% say they are &quot;probably hiring&quot;; In the UAE, 35% of the companies are &quot;definitely hiring&quot; in the next three months.]]></description>
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<title><![CDATA[Gatehouse Bank completes US acquisition of GSA tenanted office building]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60958</link>
<description><![CDATA[KUWAIT. The deal is expected to return a stable and healthy yield over the investment period. ]]></description>
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<title><![CDATA[VTB Capital research: &#039;MENA Equities - The dividend chase&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60945</link>
<description><![CDATA[UAE. With a focus on dividends, VTB applies a set of quantitative metrics to arrive at its top 15 stocks across the MENA universe to play a dividend opportunity theme.]]></description>
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<title><![CDATA[Gulf economies continue to perform well but there is still no progress on structural weaknesses, says S&amp;P report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60925</link>
<description><![CDATA[INTERNATIONAL. &quot;Weaknesses include the quality of policy debate; the strength and depth of institutions; transparency of decision-making; data monitoring and reliability of information; legal frameworks and the rule of law; and succession risks.&quot;
]]></description>
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<title><![CDATA[Kuwait says backs free speech but must protect ruling emir]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60886</link>
<description><![CDATA[KUWAIT. Kuwait supports free speech but must act against illegal comments made about the Gulf state&#039;s ruler, the government said, after a Twitter user was jailed for five years.]]></description>
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<title><![CDATA[Bahrain may need to borrow to finance deficit, says Kuwait Finance House report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60872</link>
<description><![CDATA[BAHRAIN.The  economy may see  a deficit that is equal to 6.1% of its gross domestic product this year, as spending is expected to reach US$9.2 billion, the bank said.]]></description>
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<title><![CDATA[US$13billion Infrastructure investment underpins Kuwait tourism development goals]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60866</link>
<description><![CDATA[KUWAIT. ATM 2013 road show series kicks off in Kuwait; high profile luxury hotels creating new tourism landscape as government investment leads transportation infrastructure upgrade. ]]></description>
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<title><![CDATA[Oil Market Outlook: WTI crude oil prices expected to be around US$85-90 per barrel in 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60865</link>
<description><![CDATA[KUWAIT. US crude oil production to drive Non-OPEC supply growth in 2013; China to remain the main oil demand growth driver in 2013; 2012 WTI crude oil prices decline by 1.0%YoY to USD94.1 per barrel.]]></description>
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<title><![CDATA[LANVIN opens new boutique in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60861</link>
<description><![CDATA[KUWAIT. The boutique presents the new concept of Lanvin stores under the artistic direction of Alber Elbaz]]></description>
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<title><![CDATA[Kuwait growth to slow, says NBK report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60853</link>
<description><![CDATA[KUWAIT. Oil-driven economic growth in Kuwait is forecast to slow down this year and in 2014 as crude output is expected to remain flat. GDP is forecast to drop to 3.2% in 2013 and to 2.5% in 2014.]]></description>
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<title><![CDATA[Gulf banks replacing European banks as major acquirers in MENA, says S&amp;P ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60850</link>
<description><![CDATA[UAE. &quot;Gulf banks have been big buyers of financial institution assets in MENA emerging markets countries in the past year, and we expect the trend to continue in the next few years, attracted in part by lower prices than before the financial crisis.&quot;]]></description>
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<title><![CDATA[An integrated planning and performance management approach - The key to success for the Middle East&#039;s National Oil Companies]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60841</link>
<description><![CDATA[UAE. In light of the oil industry&#039;s increasingly challenging business environment, Booz &amp; Company assess the pivotal need for NOCs in the region to link and align all planning disciplines. ]]></description>
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<title><![CDATA[GCC executives remain cautiously optimistic, finds YouGov, McGill Consulting Group Business Confidence Index ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60839</link>
<description><![CDATA[UAE. Business confidence decreased in Q4 across all countries in the GCC, with the largest drop in Saudi Arabia (-6.86 points) and Bahrain (-6.72 points). Overall business confidence remained the most stable in the UAE.]]></description>
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<title><![CDATA[More than US$1.5 billion pledged for Syria humanitarian response, says UN]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60808</link>
<description><![CDATA[KUWAIT. &quot;We have seen global solidarity in action,&quot; Secretary-General Ban Ki-moon told the pledging conference for Syria, which was held in Kuwait City.]]></description>
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<title><![CDATA[MENA Hotel RevPAR up by 8% in 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60775</link>
<description><![CDATA[INTERNATIONAL. Most markets in the Middle East and North Africa region post an increase in RevPAR in 2012, driven mainly by better demand according to MKG Hospitality. ]]></description>
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<title><![CDATA[Gatehouse Bank launches of first Sterling sukuk ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60722</link>
<description><![CDATA[KUWAIT. Shariah compliant investment bank based in the City of London expands its global Islamic Finance capability with the launch of its first real estate backed sukuk.]]></description>
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<title><![CDATA[Alafco to study listing shares in foreign market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60708</link>
<description><![CDATA[KUWAIT. Aviation Lease &amp; Finance Co. (ALAFCO), a customer of Airbus and Boeing, received shareholders&#039; approval on Jan. 17 to conduct a feasibility study.]]></description>
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<title><![CDATA[MENA governments need to engage the private sector to help address the growing crisis of affordable housing, says Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60663</link>
<description><![CDATA[UAE. Despite many MENA nations&#039; commendable efforts so far, the supply of affordable housing is falling far short of demand, and demand is rising.]]></description>
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<title><![CDATA[Managing your workforce in the GCC: a review of 2012 and a look forward into 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60650</link>
<description><![CDATA[UAE. Across the GCC, especially in KSA, it is likely that legislation encouraging the employment of nationals will be further developed and linked to an employer&#039;s ability to sponsor foreign nationals for work and residency purposes.]]></description>
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<title><![CDATA[GDF SUEZ-led Consortium to bid for Kuwait&#039;s first Independent Water and Power Project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60585</link>
<description><![CDATA[UAE. GDF SUEZ said its consortium with Sumitomo Corporation and Kuwaiti partner Abdullah Hamad Al Sagar &amp; Brothers, has been nominated &quot;successful bidder&quot; for the Az Zour North Independent Water &amp; Power Project. ]]></description>
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<title><![CDATA[Work-life balance is the most motivating factor for employees in the UAE, reveals survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60578</link>
<description><![CDATA[UAE. 38% of UAE respondents claim to receive very little or no company support towards achieving a healthy balance, according to Bayt.com and YouGov survey.]]></description>
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<title><![CDATA[US$6 billion Kuwait airport expansion project to be highlighted at EACE 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60511</link>
<description><![CDATA[UAE. Emerging Airports Conference &amp; Exhibition (EACE 2013) is scheduled to take place on 30-31 January 2013 in Dubai; Focuses on major airport projects under construction and expansion in the Emerging Markets of the Middle East, Africa, Asia, Russia &amp; Eastern Europe.]]></description>
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<title><![CDATA[Kuwait posts US$52 billion preliminary surplus in 7 Months]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60455</link>
<description><![CDATA[KUWAIT. Government income was 18.86 billion dinars, including oil revenue of 17.99 billion dinars, and spending was 4.19 billion dinars, according to Finance Ministry data. ]]></description>
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<title><![CDATA[Kuwait 2013 report to provide detailed analysis of new company law  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60404</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s new company law, and the options available to international investors looking to establish a commercial presence in the country, will be mapped out in a forthcoming report by Oxford Business Group (OBG) with the help of Al Tamimi &amp; Co.]]></description>
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<title><![CDATA[Fault lines in GCC banking sector threaten recent growth, finds AlixPartners study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60375</link>
<description><![CDATA[UAE. In order to successfully enter a &quot;Diamond Age&quot; of banking, policy makers as well as bank managements must be prepared to address issues of the past and to build a new stage for GCC banks, says the study.]]></description>
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<title><![CDATA[GCC retail industry set for steady growth, says Alpen Capital]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60358</link>
<description><![CDATA[UAE. Alpen Capital has published its Retail Industry report which provides a perspective of the overall industry, major market characteristics, and future trends. The report   presents an outlook based on demand-side and supply-side approaches. ]]></description>
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<title><![CDATA[Italian fund buys 37.5% stake in Aston Martin]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60343</link>
<description><![CDATA[INTERNATIONAL. Investindustrial is investing US$240 million in the car-maker which is owned by Kuwait-based finance firm Investment Dar, which bought it from Ford Motors for US$767.]]></description>
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<title><![CDATA[Kuwait posts first-half surplus of US$45 billion, reveals  NBK report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60327</link>
<description><![CDATA[KUWAIT. Revenue was 16 billion dinars, including oil revenue of 15.4 billion dinars, which was 15% higher than revenue in the same period of the last fiscal year. ]]></description>
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<title><![CDATA[Kuwait&#039;s ruler reappoints PM, calls for new cabinet]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60319</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s ruler reappointed Sheikh Jaber al-Sabah as prime minister and asked him to form a new government after a parliamentary election on December 1.]]></description>
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<title><![CDATA[Kuwait seeks to produce 15% of its energy from renewables]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60314</link>
<description><![CDATA[KUWAIT. Speaking at United Nations climate talks in Doha, Emir Sabah al-Ahmad Al-Sabah said it was important for all nations to work on the &quot;pressing issue&quot; of global warming.]]></description>
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<title><![CDATA[CFA Institute to host Middle East seminars]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60303</link>
<description><![CDATA[UAE. Topics to include regional investment challenges and the future outlook on the global economy; Events programmed for Dubai, Abu Dhabi, Bahrain and Kuwait.
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<title><![CDATA[Oil, gas and petrochemicals are top industries in MENA, reveals survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60282</link>
<description><![CDATA[UAE. Industry is a regional leader in terms of current employee satisfaction, and respondent perceptions, according to Bayt.com and YouGov survey.]]></description>
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<title><![CDATA[Gatehouse Bank acquires second U.S. industrial real estate portfolio ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60279</link>
<description><![CDATA[KUWAIT. Deal, in partnership with Brennan Investment Group and worth US178 million, brings total acquisitions in the US industrial sector to US$350 million for 2012. ]]></description>
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<title><![CDATA[Kuwait&#039;s Global Investment House wins backing for restructuring plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60222</link>
<description><![CDATA[KUWAIT. Investment firm Wins debt plan backing from creditors worth 96.7% by value; UK court to grant final approval on Dec. 3; First Kuwaiti restructuring to use UK courts.]]></description>
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<title><![CDATA[Aston Martin said to get bids for 50% stake in sports carmaker]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60199</link>
<description><![CDATA[INTERNATIONAL. Investment Dar has received competing bids from Investindustrial and Mahindra &amp; Mahindra for half the sports-car maker, three people familiar with the matter said.]]></description>
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<title><![CDATA[Oman ranked top five in Economic Freedom of the Arab World report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60190</link>
<description><![CDATA[OMAN. Bahrain and the UAE occupy the top two positions followed by Jordan, Kuwait, and Lebanon and Oman in joint fifth position ahead Qatar, Saudi Arabia, and Egypt.]]></description>
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<title><![CDATA[Kuwait invests US$1.2 billion in bid for Northern Gulf gateway ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60118</link>
<description><![CDATA[UAE. Northern Gulf infrastructure tops the agenda at Seatrade Middle East Maritime 2012 as Kuwait looks to capitalise on its strategic location with new port facilities as regional market competition intensifies. ]]></description>
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<title><![CDATA[Kuwait headed for 14th surplus year, says NBK report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60112</link>
<description><![CDATA[KUWAIT. The OPEC member is headed for a surplus of between 9.8 billion dinars (US$34.8 billion) and 12.8 billion dinars (US$45.4 billion) in the current fiscal year.]]></description>
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<title><![CDATA[Viva still not listed on Kuwait bourse 4 years after IPO]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=60078</link>
<description><![CDATA[KUWAIT. Saudi Telecom affiliate Viva Kuwait has yet to join its local bourse and the telecommunications operator&#039;s listing could be further delayed as it may first need to issue new shares to shore up its balance sheet.]]></description>
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