<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[Saudi king, IMF chief discuss &#039;world economy&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56491</link>
<description><![CDATA[SAUDI ARABIA. The Fund says it wants to raise another US$500 billion, on top of the nearly US$390 billion it has available now, to help countries in financial straits.

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<title><![CDATA[UAE, Qatar stop trade finance to Iran over sanctions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56488</link>
<description><![CDATA[UAE. The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme.

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<title><![CDATA[India court orders licences cancelled in telecom scandal ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56480</link>
<description><![CDATA[INTERNATIONAL. Underpriced sales cost government billions, state auditor said; Verdict could shake up market; Big carriers to benefit; Carriers whose licences were ordered revoked include the local joint ventures of Etisalat and S-Tel, part-owned by Batelco. ]]></description>
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<title><![CDATA[Egypt soccer violence kills 74, fans turn on army]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56473</link>
<description><![CDATA[EGYPT. At least 1,000 people were injured in the violence when soccer fans staged a pitch invasion in  Port Said; The Muslim Brotherhood, saw an &quot;invisible&quot; hand at work.
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<title><![CDATA[MENA region faces headwinds but should manage 3.5% growth as domestic demand returns]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56461</link>
<description><![CDATA[UAE. A perfect storm is brewing for the global economy; The surge in commodities in 2011, partly due to the US Fed&#039;s QE 2 programme, saw the outlook for the Middle East and North Africa improve, according to Saxo Bank.]]></description>
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<title><![CDATA[OPEC output reaches 3 year high, shows survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56456</link>
<description><![CDATA[INTERNATIONAL. Production increased 183,000 barrels, or 0.6%, to an average 30.9 million barrels a day in January from a revised 30.717 million the prior month.]]></description>
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<title><![CDATA[Middle East retailers record strongest growth as global sales rise 5%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56440</link>
<description><![CDATA[UAE. Retail sales rebound globally but outlook is uncertain as global economy slows down; Middle East and African retailers generating the highest compound annual growth rate of all regions over the 2005-2010 period, according to Deloitte report.]]></description>
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<title><![CDATA[DP World sees Gross Profit &#039;in line with expectations&#039; as volumes rise 10%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56436</link>
<description><![CDATA[The company handled 54.7 million twenty-foot equivalent container units at its ports last year compared with 49.6 million TEUs a year earlierUAE. ]]></description>
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<title><![CDATA[PwC&#039;s Economic Crime Survey projects an increase in bribery and corruption in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56417</link>
<description><![CDATA[UAE. 28% of businesses and other organisations in the Middle East reported economic crime in the last 12 months, according to data released today at the 3rd Anti Corruption Summit in Abu Dhabi.  
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<title><![CDATA[Nearly 50% of all organizations view emerging markets like the Middle East as a top strategic business issue, reveals Deloitte global mobility survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56416</link>
<description><![CDATA[INTERNATIONAL. A mere 2% of all organizations surveyed feel there is currently complete alignment between their global mobility function and business and talent strategies - although almost 90% feel it is important.]]></description>
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<title><![CDATA[Educated, ambitious and essential: Women will drive the GCC&#039;s future]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56400</link>
<description><![CDATA[UAE. Booz &amp; Company addresses ways in which the GCC&#039;s private sector can address nationalization and unemployment by hiring the region&#039;s highly educated female population.

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<title><![CDATA[Crises offer unique opportunities to lay foundation for sustainable global growth, says Ahmed Heikal ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56387</link>
<description><![CDATA[EGYPT. Investors will maximize their chances of locking in attractive long-term returns by investing in businesses that provide solutions to some of the greatest challenges of our age, the Chairman and Founder of Citadel Capital, the leading private equity firm in the Middle East and Africa, said in Davos.]]></description>
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<title><![CDATA[Davos update: Saudi Arabia says may be ready to raise IMF contribution]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56382</link>
<description><![CDATA[SAUDI ARABIA. &quot;We have been there for the IMF for a long time; over 35 years we have been providing loans to the IMF. Also we have a large shareholding, we like to maintain that or increase it,&quot; Finance Minister Ibrahim al- Assaf said.]]></description>
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<title><![CDATA[G-20&#039;s Internet economy set to reach US$4.2 trillion by 2016, says The Boston Consulting Group ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56375</link>
<description><![CDATA[INTERNATIONAL. Every business needs to &quot;go digital&quot; if it is to capitalize on the dramatic transformation of the Internet across the world&#039;s biggest economies over the next five years, while governments &quot;should let the market sort out the winners and losers&quot;.]]></description>
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<title><![CDATA[Dubai to pay debts in 2012  &#039;without a doubt&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56368</link>
<description><![CDATA[UAE. Dubai doesn&#039;t expect to need financing from Abu Dhabi in 2012 to meet its schedule of repaying US$14 billion in debt, the chief executive of Investment Corp. of Dubai said in Davos.]]></description>
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<title><![CDATA[Fears of eurozone credit crunch grow]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56376</link>
<description><![CDATA[INTERNATIONAL. Fears of an emerging credit crunch in the eurozone increased on Friday as data showed a sharp slowdown in bank lending to the private sector, despite recent unprecedented injections of liquidity.

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<title><![CDATA[Arab Spring stumps Davos investors year after Egypt revolt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56356</link>
<description><![CDATA[INTERNATIONAL. One year after Egypt knocked global finance off the agenda at the World Economic Forum, Arab officials returning to Davos may struggle to drum up interest in the region. 

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<title><![CDATA[CEOs say 2012 prospects gloomy for global economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56359</link>
<description><![CDATA[INTERNATIONAL.  Nearly half of the 1258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC&#039;s 15th Annual Global CEO Survey. But, confidence in company revenue growth remains ahead of 2009.

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<title><![CDATA[India businesses look beyond family to groom quality leadership, reveals study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56352</link>
<description><![CDATA[INTERNATIONAL. Researched by Dun &amp; Bradstreet (D&amp;B) in conjunction with Barclays Wealth, the study seeks insights on the way promoters of Indian businesses are thinking to sustain and build their business over the long term.

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<title><![CDATA[Global economic activity trend: South by Southeast]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56344</link>
<description><![CDATA[UAE. The former centers of economic activity, the US and Europe, are stagnating, while areas to the South and East are booming.  While the so-called BRIC countries are getting a lot of the attention, the phenomenon is far more widespread. These trends in globalization offer tremendous opportunities for the business research community in the UAE and the region.

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<title><![CDATA[Dubai Holding unit confirms repayment of US$500 million bond ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56337</link>
<description><![CDATA[UAE. Dubai Holding Commercial Operations Group confirmed today the repayment of a US$500 million bond maturing on February 1, and three scheduled coupon payments on its Medium Term Notes.
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<title><![CDATA[Capitalism seen in crisis by investors, reveals poll]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56330</link>
<description><![CDATA[INTERNATIONAL. International investors say capitalism is in crisis, with almost one in three backing radical changes to the system, according to a Bloomberg survey. 

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<title><![CDATA[Louvre, Guggenheim museums revived in Abu Dhabi after cost reviews]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56329</link>
<description><![CDATA[UAE. Abu Dhabi also approved new investments in housing, health and education, according to a statement posted on the Executive Council&#039;s web site. No cost was given.]]></description>
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<title><![CDATA[Geopolitical analysis: Considering a US-Iranian deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56320</link>
<description><![CDATA[INTERNATIONAL. There are many blocks in the way of such a deal, from ideology to distrust to domestic politics. But given the knot that is being tied in the region, rumors that negotiations are being floated come as no surprise.]]></description>
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<title><![CDATA[IMF marks down global growth forecast, sees risk on rise]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56325</link>
<description><![CDATA[INTERNATIONAL. IMF says global recovery expected to stall, risks to intensify; Euro area expected to fall into mild recession, rest of world to slow; Comprehensive package needed to restore financial stability.]]></description>
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<title><![CDATA[Global executives foresee leadership shortages while European and Middle East executives appear less concerned about shortfalls in talent ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56316</link>
<description><![CDATA[INTERNATIONAL. Deloitte report identifies a number of significant trends driving corporate talent strategies and tracks how companies are responding to shifting economic realities.]]></description>
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<title><![CDATA[Crude oil trades near US$100 on concern Iran may respond to European embargo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56310</link>
<description><![CDATA[INTERNATIONAL. Prices were little changed today, following assurances by Saudi Arabia to keep customers adequately supplied, and signs of rising supplies in the US. 
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<title><![CDATA[Middle East business leaders feel strongly about the importance of societal purpose to future success]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56303</link>
<description><![CDATA[INTERNATIONAL. The survey, sponsored by Deloitte and conducted by the Economist Intelligence Unit (EIU), found 76% of respondents believe that the value of a company should be measured by the positive contribution its core business makes to society, as well as by its profits.]]></description>
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<title><![CDATA[Burj Al-Arab, Armani Hotel Dubai featured in World&#039;s Top 100 Most Valuable Luxury Brands   ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56300</link>
<description><![CDATA[INTERNATIONAL. Organized by World Luxury Association, the event bring together brands in such diverse fields as cars, jewelry, watches, fashion, cosmetics and resorts.]]></description>
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<title><![CDATA[No cash from emerging economies until given more clout, says Saudi Arabia]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56294</link>
<description><![CDATA[SAUDI ARABIA. Big emerging economies such as China, India and Saudi Arabia will not aid the West in its financial crisis unless they are given more influence in running the global economy, former Saudi intelligence chief Prince Turki al-Faisal said. ]]></description>
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<title><![CDATA[Oil and gas executives prepare to spend as industry confidence rises]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56292</link>
<description><![CDATA[INTERNATIONAL. GL Noble Denton and the Economist Intelligence Unit launch second annual report on oil and gas industry trends; The Far East (including China, Japan and Korea), eclipses South-east Asia, (including India) for growth opportunities.]]></description>
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<title><![CDATA[Asia set to benefit from eurozone crisis, according to research from FTI Consulting]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56290</link>
<description><![CDATA[INTERNATIONAL. Survey of 800 business leaders in Asia, the Middle East and North America found that 45% of businesses in Asia are either currently doing or looking to make strategic acquisitions in Europe in the next 12 months; The UK&#039;s status elevated in response to the eurozone crisis.]]></description>
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<title><![CDATA[Fresh water in the GCC: Addressing the scarcity problem]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56284</link>
<description><![CDATA[UAE. Overconsumption of water in the GCC is a problem that can no longer be ignored, as Saudi Arabia and the United Arab Emirates respectively consume 91% and 83% more water per capita than the global average.]]></description>
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<title><![CDATA[Iran military conflict would harm UAE real estate market ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56283</link>
<description><![CDATA[UAE. A military conflict between Iran and Western powers would be detrimental to property prices in the United Arab Emirates as the country would lose its safe haven status, according to Jones Lang LaSalle.]]></description>
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<title><![CDATA[Majority of finance professionals in the UAE are gloomy about economic prospects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56273</link>
<description><![CDATA[UAE. Global trade drying up, says largest ever economic survey of finance professionals; Leading accountancy bodies join forces to provide powerful insight into challenges facing business. ]]></description>
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<title><![CDATA[Flush with cash, companies ready to focus on growth in 2012, says AlixPartners/EIU survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56271</link>
<description><![CDATA[UAE. But uncertainty on the economic and political fronts leads to caution,the need for &quot;stingy growth&quot;. Middle East respondents reflected the most gloom about the global economy, as 70% believe that it is likely or very likely that there will be a double-dip recession within the next year.]]></description>
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<title><![CDATA[Main trend for UAE real estate in 2012 likely to be increased polarisation, says Jones Lang LaSalle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56267</link>
<description><![CDATA[UAE. As the performance of the best quality projects will improve, average prices are expected to decline further in 2012 within this increasingly two tier market, according to &quot;Top Trends for UAE Real Estate in 2012.&quot; ]]></description>
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<title><![CDATA[Kuwait hires HSBC to help arrange privatization of stock exchange]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56265</link>
<description><![CDATA[KUWAIT. HSBC Bank Middle East signed an agreement with the Capital Markets Authority that will lead &quot;to the privatization of the Kuwait Stock Exchange and the establishment of a new company that will own and operate the stock market.&quot;]]></description>
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<title><![CDATA[Beyond oil: Abu Dhabi seeks to diversify its economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56250</link>
<description><![CDATA[UAE. Enormous oil revenues and a far-sighted government have powered Abu Dhabi&#039;s economy for 40 years. But as the UAE heads into its fifth decade, it is time for private enterprise to lead the way. But is private industry ready to take up the offer?


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<title><![CDATA[Syria to start managed float of currency next week, says central bank governor ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56249</link>
<description><![CDATA[SYRIA. The move will allow the pound to devalue after demand for foreign currency drove a surge in black-market rates. &quot;We will allow the rate to be determined by the market and intervene when necessary,&quot; Adib Mayaleh said.]]></description>
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<title><![CDATA[Saudi to keep oil price stable, says central bank chief]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56246</link>
<description><![CDATA[SAUDI ARABIA. Fahad al-Mubarak also said he was not aware of any discussions on the idea of Saudi Arabia contributing more resources to the IMF fund. ]]></description>
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<title><![CDATA[UAE cautions against escalating Iran tension]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56241</link>
<description><![CDATA[UAE. &quot;It&#039;s important to get far away from any escalation and we stress the stability of the region. I welcome the comments of my colleague the Iranian foreign minister to create distance from any escalation,&quot; Sheikh Abdullah bin Zayed al-Nahyan said.]]></description>
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<title><![CDATA[Salary survey amongst GCC in-house lawyers supports growing optimism in region&#039;s recovery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56228</link>
<description><![CDATA[UAE.  The average salary for a Head of Legal is almost US$21,000 a month (excluding bonus) but can be significantly more than this - especially if the individual is fluent in written and spoken Arabic and qualified in a Western, common law jurisdiction. 

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<title><![CDATA[High mobile penetration, infrastructure investments and a young population to create new Postdigital Enterprise models in the Middle East, says Deloitte]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56217</link>
<description><![CDATA[UAE. The convergence of the five disruptive postdigital technologies - social, mobile, cloud, analytics and cyber intelligence - is altering the way organizations respond to stakeholders&#039; needs. 
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<title><![CDATA[Credit Suisse Emerging Consumer Survey provides unique perspective on structural shift in global demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56212</link>
<description><![CDATA[INTERNATIONAL. Detailed study profiles consumer sentiment within the BRIC nations (Brazil, Russia, India and China), Turkey, Saudi Arabia, Egypt and Indonesia. Together, these consumers represent 3.5 billion people across the globe.

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<title><![CDATA[World Bank cuts global economic forecasts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56204</link>
<description><![CDATA[INTERNATIONAL. The World Bank slashed its global economic growth forecasts and warned that rich nations&#039; debt problems may yet reap a crisis that would eclipse the tumult of 2008.]]></description>
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<title><![CDATA[BofA Merrill Lynch Fund Manager Survey finds gloom lifting over global growth prospects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56201</link>
<description><![CDATA[INTERNATIONAL. Risk appetite back to pre-third quarter crisis levels; Only a net 3% believe the world economy will weaken in the coming 12 months down from a net 27% in December. ]]></description>
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<title><![CDATA[Middle East equity issues end 2011 up 47% versus 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56187</link>
<description><![CDATA[UAE. Thomson Reuters regional investment banking review for 2011 shows equity capital market issuances grow to US$10.2 billion but overall IB fees drop by US$271.6 million.]]></description>
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<title><![CDATA[Saudi Aramco to invest US$200 billion in refining, exploration]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56186</link>
<description><![CDATA[SAUDI ARABIA. Saudi Aramco plans to build refineries in China and Indonesia as part of a US$200 billion spending program to double refining capacity and explore for oil and natural gas over the next decade.
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<title><![CDATA[Saudi Arabia wants oil around US$100/bbl, says oil minister]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56182</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia has promised repeatedly to fill any supply gap left if output from Iran or any other major producer is disrupted.]]></description>
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<title><![CDATA[Abu Dhabi shares drop to 3-year low on Dana debt concern, Europe]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56173</link>
<description><![CDATA[UAE. Abu Dhabi shares retreated on speculation Dana Gas may struggle to refinance debt and as investors trimmed holdings of riskier assets on concern Europes debt crisis may worsen.

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<title><![CDATA[Competing for the global middle class]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56166</link>
<description><![CDATA[UAE. Three types of companies are jockeying for position in emerging economies, seeking to capture the loyalty of billions of new consumers. Thought leader Booz &amp; Company explores the options.   


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<title><![CDATA[Middle East 2012 bond sales to exceed last year&#039;s US$27.6 billion, says Morgan Stanley]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56160</link>
<description><![CDATA[INTERNATIONAL. Middle East and North Africa foreign bond sales will this year surpass the 2011 total amount, as borrowers need to pay loans and will increasingly choose bonds.]]></description>
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<title><![CDATA[Dubai shares fall to lowest since June 2004 on earnings concern]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56153</link>
<description><![CDATA[UAE. Dubai&#039;s benchmark stock index retreated to the lowest level in more than seven years on investor concern that full-year earnings may disappoint and after France and Austria were stripped of top credit ratings.]]></description>
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<title><![CDATA[Qatar property market broadly stable with rising demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56152</link>
<description><![CDATA[QATAR. The number of transactions and enquiries is expected to continue rising in 2012 with the supply/demand gap narrowing, says Asteco Qatar Q4 2011 report.]]></description>
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<title><![CDATA[MENA and emerging markets represent the immediate future for renewable energy, says Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56150</link>
<description><![CDATA[UAE. Energy requirements, policy and job creation are the key drivers; Solar thermal energy has been a particularly popular investment with several large projects on the way in Abu Dhabi, Algeria, Jordan and Morocco.]]></description>
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<title><![CDATA[Iran warns Gulf states not to make up oil shortfall]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56149</link>
<description><![CDATA[IRAN. Iran has warned its Gulf neighbours to not make up for any shortfall in its oil exports under new Western sanctions, its OPEC representative said.]]></description>
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<title><![CDATA[New Index ranks ability of G20 nations to withstand cyber attacks, harness digital environment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56137</link>
<description><![CDATA[INTERNATIONAL. Cyber Power Index developed by the Economist Intelligence Unit; UK and US are cyber power leaders;  Indonesia, Russia and Saudi Arabia do not have cybersecurity plans and do not appear to be developing them.]]></description>
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<title><![CDATA[France stripped of AAA credit rating in string of downgrades by S&amp;P]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56134</link>
<description><![CDATA[INTERNATIONAL.  France was stripped of its top credit rating in a string of downgrades that left Germany with the euro area&#039;s only stable AAA grade. Coming 100 days before France&#039;s presidential elections, the ratings cut to AA+ is a blow for President Nicolas Sarkozy.

]]></description>
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<title><![CDATA[Greece debt talks &#039;paused for reflection&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56131</link>
<description><![CDATA[INTERNATIONAL. Greece&#039;s talks with bank creditors on a debt writedown vital to its economic survival are in &quot;grave condition&quot; and could break down altogether, a source close to the negotiation said.]]></description>
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<title><![CDATA[ECB says strategy working as European borrowing costs decline ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56119</link>
<description><![CDATA[INTERNATIONAL. The European Central Bank&#039;s massive injection of cash into the financial system last month is beginning to lubricate seized credit markets and there are &quot;tentative signs&quot; of economic stabilization in the euro area, Mario Draghi said.]]></description>
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<title><![CDATA[Dubai&#039;s financial industry still in decline three years after the market crash]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56102</link>
<description><![CDATA[UAE. As trading volume on the Dubai Financial Market plunged 77% after 2009, 41 of the 98 local brokerages active in 2008 suspended operations.]]></description>
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<title><![CDATA[Gary Dugan: Let&#039;s hope the whole world keeps a sense of perspective in 2012, a year of challenges and hope]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56099</link>
<description><![CDATA[UAE. Global equities challenged by growth worries, while global bonds challenged by the unraveling of the eurozone; Emerging markets look forward to the hope of lower interest rates; Can Saudi growth lead the GCC to good investment returns? Hope in Africa after decades of strife and famine.]]></description>
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<title><![CDATA[Nakheel plans first new Palm Island project since Dubai crash]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56086</link>
<description><![CDATA[UAE. Nakheel will build shops, computer-controlled fountains and a public walk on the tip of the palm-shaped island, Chairman Ali Rashed Lootah said.]]></description>
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<title><![CDATA[UAE is most competitive banking market in GCC, reveals ADIB study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56076</link>
<description><![CDATA[UAE. The country&#039;s population of approximately 8 million is served by 51 banks with more than 840 branches and over 4,000 ATMs, delivering high levels of service, yet lower profitability than its GCC counterparts. 
]]></description>
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<title><![CDATA[Standard Chartered sees a resilient Asia, Middle East and Africa in 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56056</link>
<description><![CDATA[UAE. Standard Chartered sees 2012 as a year of a two-speed global economy: a slowing global economy in 2012, with a fragile West and a resilient Asia, Africa, Middle East and Latin America.]]></description>
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<item>
<title><![CDATA[Focus on the long term, says Barclays Wealth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56055</link>
<description><![CDATA[INTERNATIONAL. In 2012 investors should expect to face continuing frustration surrounding the pace of fiscal integration in the euro area; ongoing uncertainty regarding the pace of global economic growth; a marked lack of risk appetite, and considerable scepticism towards financial markets.]]></description>
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<title><![CDATA[Hiring practices: Employers look for &#039;hunger, drive and ambition&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56054</link>
<description><![CDATA[UAE. Salary considerations come second, while regional employers are very willing to hire subordinates more qualified than them, according to a Bayt.com poll.]]></description>
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<title><![CDATA[Merkel, Sarkozy press for quick Greek solution]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56052</link>
<description><![CDATA[INTERNATIONAL. Merkel&#039;s tough comments highlighted growing concern among European governments that a potential collapse of the Greek rescue negotiations poses the most immediate threat of destabilizing the entire 17-nation euro currency and the global economy.

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<title><![CDATA[Abu Dhabi shares drop most in three weeks on Etisalat earnings speculation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56038</link>
<description><![CDATA[UAE. Beltone Financial Holding estimates Etisalat&#039;s fourth-quarter profit may decline 5% from a year earlier to AED1.91 billion (US$520 million); Etisalat posted a 1% drop in third-quarter profit in October as expenses increased. 
]]></description>
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<title><![CDATA[Hormuz bypass oil pipeline delayed as Iranian tensions mount]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56024</link>
<description><![CDATA[UAE. A pipeline that would allow oil from the UAE to bypass the Strait of Hormuz separating it from Iran has been delayed because of construction difficulties, two people with knowledge of the matter said. 

]]></description>
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<title><![CDATA[UAE Northern Emirates property market stagnant as demand remains low]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56021</link>
<description><![CDATA[UAE. Apartment and villa rental rates broadly unchanged in the fourth quarter of 2011 with limited transaction activity set to continue, says Asteco Q4 2011 report.

]]></description>
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<title><![CDATA[UK sends new warship to Gulf amid Iran tensions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56011</link>
<description><![CDATA[INTERNATIONAL.  Britain&#039;s newest warship is heading to the Gulf for its first mission at a time of tensions over Iran&#039;s threat to close the strategic Strait of Hormuz, a key transport route for oil.

]]></description>
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<title><![CDATA[Governments and businesses under-prepared for &#039;Black Swan&#039; events, says Chatham House report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=56007</link>
<description><![CDATA[INTERNATIONAL. Widespread disruption and business failure in the UK economy can be staved off for at most a week in the case of a natural disaster or major terrorist attack.]]></description>
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<title><![CDATA[Kuwait stocks slump to new seven-and-half-year-low ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55999</link>
<description><![CDATA[UAE. Kuwait&#039;s market slumped on Thursday on political uncertainty in the Gulf state, while regional bourses ended mixed. ]]></description>
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<title><![CDATA[Dubai Shopping Festival launched with musical fireworks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55998</link>
<description><![CDATA[UAE. DSF has become a magnet for shoppers mainly because of its shopping-linked raffles and promotions that offer visitors an array of prizes. 

]]></description>
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<title><![CDATA[Bahrain real estate sector continues to wrestle with reality of part-sold, part-built residential projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55989</link>
<description><![CDATA[BAHRAIN. Talk in the residential sector remains dominated by the &quot;affordable housing&quot; market although there remains a lack of clarity by many developers as to what this actually means.]]></description>
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<title><![CDATA[Oil prices soar to 8-month high on Iran tensions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55986</link>
<description><![CDATA[INTERNATIONAL. Stepped-up rhetoric sent shivers through the markets worried that Iran might follow through on threats to disrupt shipping of Gulf oil through the crucial Hormuz Strait.

]]></description>
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<title><![CDATA[From grass huts to halls of ivy: Can money buy academic excellence?  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55983</link>
<description><![CDATA[UAE. Faced with a small local workforce and the need to diversify its economy, Abu Dhabi is overhauling its entire education system and fulfilling its desire to be recognised as a regional academic powerhouse.

]]></description>
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<title><![CDATA[UAE non-oil private sector business activity at 4-month low]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55964</link>
<description><![CDATA[INTERNATIONAL. Output and new order growth eased and employment stagnated, a survey by Markit Economics and HSBC Bank showed.]]></description>
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<title><![CDATA[Middle East IPOs raised US$844 million in 2011, a decline of 70% according to Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55953</link>
<description><![CDATA[UAE. Four IPOs raise US$226.1 million in Q4 2011, a decline of 83.5% from US$1.4 billion raised in Q4&#039;10; Globally, 2011 saw the largest PE-backed IPO ever; 72% of global capital was raised in H1.]]></description>
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<title><![CDATA[Dollar demise refuted with 13% gain since 2008]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55948</link>
<description><![CDATA[INTERNATIONAL. Moves by the Federal Reserve to flood the world with dollars are doing little to dent the currency&#039;s value, bolstering the appeal of US assets at a time when the US government needs the support of foreign investors the most. 

]]></description>
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<title><![CDATA[Iran tests cruise missile during navy war games ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55938</link>
<description><![CDATA[IRAN. Iran on Monday successfully tested a Ghader ground-to-ship cruise missile on the last day of navy war games near the Strait of Hormuz]]></description>
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<title><![CDATA[Video: Dubai welcomes 2012 with fireworks spectacle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55935</link>
<description><![CDATA[UAE. The grand finale fireworks spectacle began from the top of the spire of Burj Khalifa at a height of 828 metres (2,716.5 ft), progressing downward to the base. ]]></description>
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<item>
<title><![CDATA[Middle East stocks plunge in 2011 on Arab Spring, eurozone woes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55931</link>
<description><![CDATA[INTERNATIONAL. Middle East markets, with the exception of Qatar, ended the year with deep losses after grappling with the Arab Spring and shaken local confidence. The losses ranged, from 3.06% in Saudi Arabia to 49.3% in Egypt. ]]></description>
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<title><![CDATA[UAE to sign Lockheed Thaad missile interceptors deal valued up to US$3.49 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55924</link>
<description><![CDATA[UAE. The interceptors are a centerpiece of the regional defense that the Obama administration plans to deploy in the Middle East against Iran&#039;s medium and long-range ballistic missiles.]]></description>
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<item>
<title><![CDATA[European banks seek to sell Gulf loan books to raise cash ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55920</link>
<description><![CDATA[INTERNATIONAL. European banks, led by those from France and Belgium, are seeking to sell Gulf loan books to Arab banks to help raise cash as the sovereign debt crisis drags on.]]></description>
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<title><![CDATA[Gold hits 6-month low, breaches &#039;Lehman&#039;s uptrend&#039; on euro interbank crisis]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55915</link>
<description><![CDATA[INTERNATIONAL. Gold fell further Thursday, hitting its lowest London Gold Fix since 8th July at US$1,537.50 per ounce, 19% below September&#039;s record high.]]></description>
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<item>
<title><![CDATA[Family owned businesses in UAE at risk due to lack of internal control and governance structures]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55911</link>
<description><![CDATA[UAE. Only 15% of family owned businesses succeed through third generation; could have a huge impact on UAE economy.

]]></description>
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<item>
<title><![CDATA[Abu Dhabi helps struggling Aldar with US$4.6 billion lifeline]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55903</link>
<description><![CDATA[UAE. The Abu Dhabi government gave indebted Aldar Properties a lifeline on Wednesday, which included buying assets from the struggling developer and retiring a loan.

]]></description>
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<title><![CDATA[Nakheel can&#039;t charge Dubai Palm Island residents for access to beach]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55891</link>
<description><![CDATA[UAE. &quot;By law, no one can stop an owner or a registered tenant from using the communal areas once they have paid service fees,&quot; Marwan bin Ghalita, chief executive officer of Dubai&#039;s Real Estate Regulatory Agency, said.]]></description>
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<item>
<title><![CDATA[Private sector salary increases in 2011 highest in Saudi Arabia, followed by Qatar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55888</link>
<description><![CDATA[UAE. Salaries increased by an average of 5.5% across all industries in the UAE during 2011 compared to 4.4% the previous year , according to Towers Watson research.

]]></description>
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<title><![CDATA[Saudi Arabia needs US$74 oil price to balance 2012 budget]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55885</link>
<description><![CDATA[SAUDI ARABIA. For Saudi oil prices to reach US$74 a barrel, the kingdom needs around US$70 a barrel for WTI and US$78 a barrel for Brent, according to a Jadwa report.]]></description>
</item>
<item>
<title><![CDATA[Aldar board to discuss sale of some assets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55881</link>
<description><![CDATA[UAE. The developer said its board will meet on December 28 to discuss the sale of the unspecified assets and will also tackle &quot;operational matters relating to the company and its projects.&quot; ]]></description>
</item>
<item>
<title><![CDATA[PIMCO Cyclical Outlook: Deleveraging, austerity and Europe&#039;s potential Minsky Moment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55877</link>
<description><![CDATA[INTERNATIONAL. It is more likely that the ECB will leap to a rescue only when it is too late; the eurozone economy will likely experience a recession in 2012; we expect the global economy to grow by 1% to 1.5% in 2012, significantly slower than the 2.5% growth rate achieved in 2011 and the 4.1% rate achieved in 2010.]]></description>
</item>
<item>
<title><![CDATA[IMF 2011 Year In Review: What a difference a year makes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55871</link>
<description><![CDATA[INTERNATIONAL. As the year draws to a close, the recovery in many advanced economies is at a standstill, with some investors even exploring the implications of a potential breakup of the euro zone, and the real possibility that conditions may be worse than we saw in 2008.]]></description>
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<item>
<title><![CDATA[Bombs kill at least 60 as Iraq mired in political crisis]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55860</link>
<description><![CDATA[IRAQ. A wave of attacks in Baghdad Thursday killed at least 60 people as Iraq faced a political crisis, with its vice president accused of running death squads and the premier warning he could break off power-sharing.]]></description>
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<title><![CDATA[ECB lends banks 489 billion euros for three years in latest attempt to keep credit flowing]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55847</link>
<description><![CDATA[INTERNATIONAL. It&#039;s very significant and very helpful for the banks. But it&#039;s not going to bring about a turning point in this crisis.&quot; ]]></description>
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<title><![CDATA[US joins EU in push for Iran oil embargo ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55843</link>
<description><![CDATA[INTERNATIONAL. The US and the EU are seeking help from Arab and Asian allies to reduce Iran&#039;s oil revenues in the dispute over its nuclear program, while trying to avoid causing a surge in prices.]]></description>
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<title><![CDATA[Aldar drops to record amid delisting speculation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=55838</link>
<description><![CDATA[UAE. Aldar Properties tumbled to the lowest on record on investor speculation Abu Dhabi&#039;s biggest developer by market value may be taken private.

]]></description>
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</channel>
</rss>

