<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Top News</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[MENA equity markets rebound 4.9% in February]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=45012</link>
<description><![CDATA[INTERNATIONAL.The top performer was the Kuwaiti Stock Exchange which gained 5.0%. 
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<title><![CDATA[UAE economy to grow 3.2% in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=45005</link>
<description><![CDATA[UAE. The UAE economy is expected to expand by 3.2% in 2010, in sharp contrast to an IMF forecast of 0.6% growth, Economy Minister Sultan al-Mansouri told a forum in Dubai.]]></description>
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<title><![CDATA[Rupert Murdoch believes in Arab creativity, appeals against censorship]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44997</link>
<description><![CDATA[UAE. News Corp Chief Executive Rupert Murdoch said he was betting on Arab creativity, unlike many media companies, and urged regional governments to reject censorship, as he opened a high-profile media conference in Abu Dhabi.

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<title><![CDATA[UAE has the highest average online shopping spend, says MasterCard]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44983</link>
<description><![CDATA[UAE. The UAE had an online shopping spend of US$1,048, compared with a slightly higher figure of US$ 1,193 a year ago. 
]]></description>
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<title><![CDATA[Dubai World creditors divided over reported deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44957</link>
<description><![CDATA[UAE. Hopes of progress this week on Dubai World&#039;s US$26 billion debt restructuring lifted stocks and eased fears of default, but potential divisions emerged among creditors to the state-owned conglomerate.]]></description>
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<title><![CDATA[Dubai stocks climb 1.7% on Dubai World rollover plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44953</link>
<description><![CDATA[UAE. Dubai shares rose to the highest in more than three weeks after bankers said Dubai World will ask lenders to roll over loans when it presents a proposal to creditors this month.

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<title><![CDATA[World&#039;s consumers expect economy to return to pre-crisis levels within three years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44936</link>
<description><![CDATA[UAE. Consumers of major Middle Eastern and Western states expect the global economy to revert to pre-crisis levels within the next three years and generally believe that conditions are not as bad as reported by media, Real Opinions, Orient Planet study reveals.]]></description>
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<title><![CDATA[UAE real estate market to witness demand-supply balance in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44931</link>
<description><![CDATA[UAE. Amidst expectations that the UAE&#039;s economy will rise by 3.2% in 2010, Shaikhani Group has predicted that the country&#039;s real estate market is poised for demand-supply balance this year.]]></description>
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<title><![CDATA[Bank of Sharjah, BNP Parisbas plan private banking joint venture]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44926</link>
<description><![CDATA[UAE. Bank of Sharjah plans to join forces with BNP Paribas to tap the fast-growing Middle-Eastern market for high net worth individuals.]]></description>
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<title><![CDATA[DP World plans London listing, aims to join FTSE 100]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44907</link>
<description><![CDATA[UAE. DP World is examining a strategy to place new shares with a simultaneous rights issue and a sale of some of the controlling 77% stake held by its parent company, Dubai World.]]></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=4&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[DP World gets &#039;buy&#039; recommendation from EFG-Hermes, lifts Dubai stocks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44877</link>
<description><![CDATA[UAE. DP World was rated &#039;buy&#039; in new coverage at EFG- Hermes on the ports operator&#039;s prospects after parent company Dubai World reaches an agreement with creditors.
]]></description>
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<title><![CDATA[Istithmar hands over prime New York Times Square property to Danske Bank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44865</link>
<description><![CDATA[UAE. Istithmar bought the building, formerly known as the Knickerbocker Hotel, for US$300 million in June 2006.]]></description>
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<title><![CDATA[87% of Abu Dhabi international tourists would consider returning]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44861</link>
<description><![CDATA[UAE. Some 60% of international visitor arrivals in Abu Dhabi are guests making their first trip to the emirate, according to an Abu Dhabi Tourism Authority survey.
]]></description>
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<title><![CDATA[SHUAA GCC Investor Confidence Index slips 7.8% in February]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44830</link>
<description><![CDATA[UAE. After December&#039;s significant second half gains which followed the announcement to repay the Nakheel &#039;09 Sukuk in full, the GCC Index has now recorded two months of consecutive declines, with the Index reading 105.6 points. ]]></description>
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<title><![CDATA[Iraq oil exports at highest level since 1990]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44817</link>
<description><![CDATA[IRAQ. Iraq&#039;s oil exports reached their highest level in February since Saddam Hussein&#039;s invasion of Kuwait in 1990, an oil ministry spokesman said.]]></description>
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<title><![CDATA[Middle Eastern mobile operators outperform western counterparts for first time, PRTM study shows]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44784</link>
<description><![CDATA[INTERNATIONAL. PRTM research shows Middle Eastern mobile players have revamped their operating models in ways that have led to profitable growth and overseas expansion.]]></description>
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<title><![CDATA[Middle East hoteliers prove to be the strongest, led by Beirut]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44746</link>
<description><![CDATA[INTERNATIONAL. Beirut reports the strongest increases in the region and the world for the second consecutive year, according to the latest Deloitte report.]]></description>
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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=4&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=4&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[UAE may take further measures to boost bank lending]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44720</link>
<description><![CDATA[UAE. The UAE may take steps to boost bank credit, as a slowdown in lending and a surge in interest rates threaten to stall the country&#039;s recovery.]]></description>
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<title><![CDATA[Telecom in the Middle East: the competitive mandate after the downturn]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44705</link>
<description><![CDATA[INTERNATIONAL. In 2010, as the recession begins to lift, telecom operators in the Middle East will face a very different world. 

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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=4&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=4&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[Standard Chartered plans Islamic hedging in commodities ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44676</link>
<description><![CDATA[INTERNATIONAL. The derivatives are &#039;part of the development of the industry, where we have moved from selling individual products to servicing the comprehensive needs of the customer,&#039; the bank said.]]></description>
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<title><![CDATA[Dubai Aquarium leak shuts down parts of Dubai Mall]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44667</link>
<description><![CDATA[UAE. Maintenance crews scrambled to contain a leak in the Dubai Acquarium which holds 10 million litres of water and more than 33,000 underwater creatures, including sharks.]]></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=4&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.

]]></description>
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<title><![CDATA[Anyone would want to have equity in Emirates, says Sheikh Ahmed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44654</link>
<description><![CDATA[UAE. &#039;If Emirates decided to IPO I&#039;m sure it will be good, especially if it&#039;s placed within the UAE stock markets,&#039; Sheikh Ahmed said.]]></description>
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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=4&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[House of Fraser to open stores in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44645</link>
<description><![CDATA[INTERNATIONAl. House of Fraser, the UK retailer, could soon open its first stores in the Middle East after signing a franchise agreement with Retail Arabia International.]]></description>
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<title><![CDATA[Dubai lost 17% of its professional workforce in 2009, reveals survey  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44620</link>
<description><![CDATA[UAE. Across the region, redundancies appear to have disproportionately hit senior executives and western nationals, according to recruitment agency GulfTalent.]]></description>
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<title><![CDATA[News Corporation acquires 9% stake in Rotana Group]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44615</link>
<description><![CDATA[Under the terms of the agreement, News Corp will acquire newly-issued shares in Rotana for US$70 million. The company has an option to increase its stake to 18.18% in the 18 months following completion. 

]]></description>
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<title><![CDATA[The economic slowdown reveals a growing divergence in credit quality among Gulf Banks, says
S&amp;P report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44580</link>
<description><![CDATA[INTERNATIONAL. S&amp;P believes 2010 will be another difficult year for Gulf banks as they continue to clean up their loan books, an effort that will weigh on their financial performance.]]></description>
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<title><![CDATA[UAE banks could absorb Dubai World losses, says Moody&#039;s]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44576</link>
<description><![CDATA[INTERNATIONAL. UAE banks, which are owed about AED55 billion (US$15 billion) by Dubai World, may be able to absorb losses if they are repaid 60 cents on the dollar.]]></description>
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<title><![CDATA[Hans Blix to head UAE nuclear advisory board]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44574</link>
<description><![CDATA[UAE. The UAE established Monday an International Advisory Board to oversee progress of the nation&#039;s nuclear energy plan, headed by the former head of the IAEA Hans Blix.]]></description>
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<title><![CDATA[80% of UAE consumers use social media to make purchase decisions, reveals YouGovSiraj poll]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44560</link>
<description><![CDATA[UAE. The survey shows 80% of the consumer base will search online for a brand&#039;s website before they make a purchase and 1 out of 3 people surveyed are active on popular Social Media platform, Twitter. 

]]></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=4&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.

]]></description>
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<title><![CDATA[Dubai hotel room rates will not start to improve until 2011, says CBRE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44512</link>
<description><![CDATA[UAE. Compared to the global market some cities in the Middle East have out performed other key global cities, but in the region, the UAE has probably faired the worst.]]></description>
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<title><![CDATA[Companies refocus talent priorities on retention and leadership development ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44495</link>
<description><![CDATA[INTERNATIONAL. Since initiating its year-long study of global talent trends and strategies, Deloitte reveals that economic optimism has reached its highest level among surveyed executives. ]]></description>
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<title><![CDATA[New paradigm needed to mitigate brain drain in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44478</link>
<description><![CDATA[UAE. The UAE is an interesting case study in human capital, in part because there are few places in the world where you will find a predominantly expatriate workforce.]]></description>
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<title><![CDATA[Moody&#039;s upgrades Oman&#039;s sovereign ratings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44449</link>
<description><![CDATA[INTERNATIONAL. Moody&#039;s Investors Service has today raised Oman&#039;s local and foreign currency government bond ratings to A1 from A2.]]></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=4&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[Middle East consumers most likely to buy Apple iPad]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44417</link>
<description><![CDATA[INTERNATIONAL. Middle East respondents were most likely to buy the iPad, with 58% of respondents stating they would definitely or probably buy the iPad, compared to 17% in Germany, 13% in the USA and only 7% in Denmark and the UK, reveals YouGov Poll. 

]]></description>
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<title><![CDATA[BofA Merrill Lynch Fund Manager Survey finds investors questioning economic recovery ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44395</link>
<description><![CDATA[INTERNATIONAL. Investors are positioning themselves for halts in both Europe and China&#039;s economic recovery, according to the BofA Merrill Lynch Survey of Fund Managers for February. ]]></description>
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<title><![CDATA[Peak in oil demand &#039;alarms&#039; Saudi Arabia]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44372</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia must be &#039;very serious&#039; about any possible peak in oil demand, which is an &#039;alarm&#039; to diversify its economy, an Oil Ministry adviser said. The debate about the supply and demand of oil has been gradually shifting towards concerns about the demand side.]]></description>
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<title><![CDATA[Jones Lang LaSalle reveals top 10 UAE real estate trends for 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44347</link>
<description><![CDATA[UAE. In 2010 the UAE real estate market is moving away from the off-plan sales model towards a longer term model based on secure cash flows. Real estate investment vehicles are being redefined as more interest is shown towards co-investment vehicles. ]]></description>
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<title><![CDATA[Moody&#039;s upgrades Saudi Arabia to Aa3]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44330</link>
<description><![CDATA[SAUDI ARABIA. Moody&#039;s Investors Service has upgraded the Saudi Arabia&#039;s foreign and local currency government ratings to Aa3 from A1 and the country ceiling for foreign currency bank deposits to Aa3 from A1. Outlook stable ]]></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=4&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[Corporations still cautious about recovery in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44296</link>
<description><![CDATA[INTERNATIONAL. More than 50 C-suite executives of major corporations in the Middle East and Africa took part in the Ernst &amp; Young&#039;s lessons from change study. ]]></description>
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<title><![CDATA[Over half of UAE employers plan to recruit in next quarter]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44290</link>
<description><![CDATA[UAE. More than half of the region&#039;s employers, 56%, plan to recruit over the next few months, according to the new Jobs Index study conducted by Bayt.com and YouGov Siraj. ]]></description>
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<title><![CDATA[India&#039;s Bharti makes bid for Zain&#039;s African assets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44267</link>
<description><![CDATA[KUWAIT. India&#039;s largest mobile phone operator Bharti Airtel has offered US$10.7 billion to buy Kuwait&#039;s Zain telecom operations in 15 African nations.]]></description>
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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=4&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[Saudi Arabia launches solar water desalination programme]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44257</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia has begun building the first solar-powered water desalination plant, the first step in a three-part programme to introduce solar energy into the Kingdom.]]></description>
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<title><![CDATA[INSEAD Leadership Summit provides roadmap to innovation in the Middle East ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44251</link>
<description><![CDATA[UAE. Innovation, it seems, is everything that it&#039;s cut out to be. Done right, it can take a company, government or country from mediocrity to greatness. But innovation doesn&#039;t come easy, and in some industries, the road to innovation is a long and arduous one. ]]></description>
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<title><![CDATA[Emaar Properties records 2009 annual net operating profit of US$633 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44246</link>
<description><![CDATA[UAE. Annual net operating profits for the period reached AED2.324 billion (US$633 million), as compared to the restated net operating profits of AED4.236 billion (US$1.153 billion) in 2008.]]></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=4&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[ETA Group rating lowered to &#039;BB-&#039;, placed on creditWatch negative ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44206</link>
<description><![CDATA[INTERNATIONAL. Standard &amp; Poor&#039;s Ratings Services said that it lowered its long-term corporate credit rating on Dubai-based industrial conglomerate ETA Group (ETA) to &#039;BB-&#039; from &#039;BB+&#039; on tough market conditions and reduced visibility.]]></description>
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<title><![CDATA[Dubai World standstill request may come this month, says Al Ittihad ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44202</link>
<description><![CDATA[UAE. Dubai World intends to officially ask creditors for a standstill on US$22 billion in debt this month, until it completes restructuring.]]></description>
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<title><![CDATA[Iraq to resume oil exports from Kurdish region &#039;soon&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44183</link>
<description><![CDATA[IRAQ. Iraq accepted a Kurdish proposal on payments to producers working in the semi-autonomous region, the oil minister said.]]></description>
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<title><![CDATA[Dubai apartment prices fell 4.3% in the fourth quarter, reveals Landmark report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44174</link>
<description><![CDATA[UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory&#039;s latest quarterly report.]]></description>
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<title><![CDATA[MENA equity markets remain almost flat for the first month of 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44160</link>
<description><![CDATA[UAE. Uncertainty surrounding Dubai&#039;s debt crisis continues to overshadow UAE market&#039;s performance.
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<title><![CDATA[Middle East business travel set for a rebound, says YouGovSiraj survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44140</link>
<description><![CDATA[INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009. ]]></description>
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<title><![CDATA[Emaar closes Burj Khalifa&#039;s observation deck for maintenance]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44156</link>
<description><![CDATA[UAE. &quot;Due to unexpected high traffic, the observation deck experience at the Burj Khalifa... has been temporarily closed for maintenance and upgrade,&quot; Emaar said.]]></description>
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<title><![CDATA[Technology industry trends in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44127</link>
<description><![CDATA[INTERNATIONAL. Despite being widely affected by the economic downturn, the technology sector experienced various bright spots in 2009 which point to the direction the sector will take throughout the year.]]></description>
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<title><![CDATA[Saudi consumers association calls for Toyota recall ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44116</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia&#039;s Consumer Protection Association (CPA) on Sunday urged authorities to force Toyota&#039;s local agent Abdul Latif Jameel Co  to recall and check for defaults in cars it sold locally.]]></description>
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<title><![CDATA[Top bankers predict another tough year for GCC markets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44108</link>
<description><![CDATA[UAE. Top regional executives today predicted another tough year for regional capital markets as they gathered in Dubai to discuss the financial climate at a Thomson Reuters Middle East Investment Banking Leaders Roundtable.
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<title><![CDATA[Dubai says Al-Jalila new oilfield could begin production in a year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44072</link>
<description><![CDATA[UAE. Dubai said on Friday that a new offshore oilfield, discovered at a time when the Gulf emirate is under unprecedented financial pressure, could begin production next year.

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<title><![CDATA[Abu Dhabi to acquire stake in London&#039;s Gatwick Airport]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44065</link>
<description><![CDATA[UAE. Abu Dhabi Investment Authorit is to buy a 15% stake in Gatwick, the UK&#039;s second-largest airport, for US$198 million.]]></description>
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<title><![CDATA[Dubai discovers new offshore oil field ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44045</link>
<description><![CDATA[UAE. The statement announcing the discovery didn&#039;t provide details on the location or potential oil reserves.]]></description>
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<title><![CDATA[Zain telecom CEO&#039;s resignation raises uncertainty]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44027</link>
<description><![CDATA[KUWAIT. Saad Al-Barrak has submitted his resignation to the chairman, and he will present the resignation to the board of directors to look into it, Zain said in a statement to the Kuwaiti bourse.]]></description>
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<title><![CDATA[UAE banks need to utilise an improved range of risk management tools, reveals study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=44006</link>
<description><![CDATA[UAE. UAE banks need to use a more diverse range of risk management tools and practices to ensure their competitiveness across the world as Basel II gets fully  implemented, a study from The British University in Dubai says.]]></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=4&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[Dubai rated preferred Middle East FDI destination by international global investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43964</link>
<description><![CDATA[UAE. According to AT Kearney the recent FDI Confidence Index ranked the UAE as the 11th preferred FDI country destination globally.]]></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=4&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[Saudi Arabia plans US$120 billion investment on energy projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43954</link>
<description><![CDATA[SAUDI ARABIA. Saudi Aramco plans to invest around US$120 billion over the next 5-6 years in developing projects in the oil and petrochemicals sectors, the company&#039;s chief executive said.

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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=4&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[Globalization to resume in 2010 after temporary blip]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&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[IMF urges caution on exiting economic stimulus ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&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[Middle East stocks close week lower on global concerns]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43865</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets extended losses this week under the impact of falls in global markets and declining oil prices, financial analysts said.]]></description>
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<title><![CDATA[China overtakes US as largest customer, says Saudi Aramco CEO]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43853</link>
<description><![CDATA[INTERNATIONAl. Aramco, the world&#039;s biggest crude producer, is exporting about 1 million barrels a day to China, more than to the US, Chief Executive Officer Khalid al-Falih said.

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<title><![CDATA[First race meeting held at Dubai&#039;s new Meydan course  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43854</link>
<description><![CDATA[UAE. Mike De Kock&#039;s well-regarded filly Raihana became the first thoroughbred winner in the course&#039;s history as she quickened three and a quarter lengths away for Christophe Soumillon.
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<title><![CDATA[&#039;Peak oil is behind us,&#039; says Saudi Aramco CEO]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43852</link>
<description><![CDATA[INTERNATIONAL. There is still plenty of oil in the ground and the world should put aside fears about &quot;peak oil&quot;, the head of oil firm Saudi Aramco said on Thursday.

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<title><![CDATA[The World&#039;s Sukuk Markets are good medium-term growth prospects, says S&amp;P]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43828</link>
<description><![CDATA[INTERNATIONAL. &#039;We foresee stable growth in issuance of these securities in 2010, after a recovery last year to issuance of US$23.3 billion,&#039; said Standard &amp; Poor&#039;s credit analyst Mohamed Damak in the report.]]></description>
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<title><![CDATA[2010 ranking of fastest-growing Saudi businesses indicates bright entrepreneurial future]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43791</link>
<description><![CDATA[SAUDI ARABIA. The second annual list of Saudi Arabia&#039;s fastest growing emerging businesses, released on Monday at an Awards Gala at SAGIA&#039;s 4th Annual Global Competitiveness Forum in Riyadh, reveals a diverse array of robust companies.]]></description>
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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=4&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[Global survey reveals trust in UAE government among highest in the world]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43779</link>
<description><![CDATA[UAE. Edelman announced the findings of its annual Global Trust Barometer Survey which, for the first time, includes the views of opinion formers from the UAE. 

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<title><![CDATA[Shell&#039;s investment in Qatar gas project seen at US$21 billion ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43766</link>
<description><![CDATA[QATAR. Royal Dutch Shell&#039;s total investment in Qatar&#039;s gas-to-liquids (GTL) and liquefied natural gas projects (LNG) was at US$21 billion. ]]></description>
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<title><![CDATA[Gulf economies poised for recovery in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43736</link>
<description><![CDATA[UAE. GCC economies are poised for gradual recovery in 2010, led by growth in the hydrocarbon sector and higher energy prices, according to Emirates NBD.]]></description>
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<title><![CDATA[Dubai&#039;s DHCOG rating lowered to &#039;B&#039; and withdrawn due to lack of information]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43735</link>
<description><![CDATA[UAE. Standard &amp; Poor&#039;s Ratings Services said today that it has lowered its long-term corporate credit rating on Dubai Holding Commercial Operations Group to &#039;B&#039; from &#039;BB+&#039;, assigned a negative outlook, and removed it from CreditWatch with negative implications.]]></description>
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<title><![CDATA[Dubai real estate market is becoming more attractive to tenants]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43718</link>
<description><![CDATA[UAE. The Dubai office market is becoming increasingly favourable for tenants as it is witnessing a significant demand-supply mismatch along with falling rentals and increased vacancies, according to Jones Lang LaSalle.]]></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=4&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[Weak consumer demand a concern ahead of Dubai Shopping Festival]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43702</link>
<description><![CDATA[UAE. Revamped sales and marketing strategies needed ahead of upcoming Dubai Shopping Festival as soft retail demand and prudential consumer shopping patterns raise retailer qualms, according to Datamonitor.]]></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=4&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[Dubai World assets exceed US$120 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43686</link>
<description><![CDATA[UAE. Dubai World&#039;s property and investment assets exceeded US$120 billion at the end of 2009 and could cover its debt of US$57 billion, Al Ittihad said on Sunday.

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<title><![CDATA[Saudi investments in Dubai Financial Market down 65%, says al-Eqtisadiya ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43669</link>
<description><![CDATA[SAUDI ARABIA. Saudi transactions in Dubai fell to AED10.3 billion (US$ 2.7 billion dollars) in 2009 from AED16 billion in 2008.]]></description>
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<title><![CDATA[Dubai to spend US$2 billion this year on transport projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43667</link>
<description><![CDATA[UAE. The spending will benefit some 120 projects, 13 of which are new and the remainder under completion, the RTA said.]]></description>
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<title><![CDATA[Venezuela oil reserves may be twice the size of Saudi Arabia&#039;s]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=43661</link>
<description><![CDATA[INTERNATIONAL. Venezuela&#039;s Orinoco oil region contains about 513 billion barrels of crude that could technically be recovered, a new US government assessment  said. If proven right this could spell the end of &#039;peak oil.&#039;
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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=4&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[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=4&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=4&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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