<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[Middle East stocks sank this week on receding confidence, led by Egypt&#039;s index]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41786</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets plummeted for the second week in a row, reflecting retreating confidence on the part of investors who appeared increasingly geared to the performance of global bourses.]]></description>
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<title><![CDATA[Barclays says investors should buy Dubai bonds as refinancing risk eases ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41781</link>
<description><![CDATA[INTERNATIONAL. Investors should buy Dubai sovereign bonds as the emirate seeks to refinance its maturing debt with the help of oil-rich Abu Dhabi and as it focuses on an &#039;orderly exit from the crisis&#039;.]]></description>
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<title><![CDATA[Dubai property prices &#039;bottoming out,&#039; says Deutsche Bank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41776</link>
<description><![CDATA[UAE. Prices fell only 4% in the past six months while transactions jumped by as much as 60% from lows in the first half of the year.  Apartment and villa rents rose 1.8% and 5.5% respectively from the previous month, according to the report ]]></description>
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<title><![CDATA[Emirates airline&#039;s half-year profits surge 165% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41775</link>
<description><![CDATA[UAE. Emirates airline produced a net profit of AED752 million (US$205 million) for the first six months of its current financial year ending 30th September 2009.]]></description>
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<title><![CDATA[Dubai sets up committee to rule on real estate bounced cheques]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41774</link>
<description><![CDATA[UAE. Dubai&#039;s Ruler Sheikh Mohammed bin Rashid al-Maktoum has issued a decree setting up a judicial committee tasked with looking into cases of bounced cheques in real estate transactions.]]></description>
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<title><![CDATA[Burj Dubai opening delayed to January 4th     ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41742</link>
<description><![CDATA[UAE. The opening has already been delayed for about a year, but will now mark the day when the ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum took office four years ago.]]></description>
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<title><![CDATA[Moody&#039;s downgrades five Dubai state-linked firms  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41728</link>
<description><![CDATA[UAE. The ratings outlook for DP World, Dewa, DIFCI and Jafz is negative, reflecting ongoing economic pressures. The ratings of both DHCOG and Emaar have been maintained on review for downgrade.]]></description>
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<title><![CDATA[Dubai shares bounce back]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41718</link>
<description><![CDATA[UAE. The Dubai Financial Market General Index rose 3%, bouncing back from yesterday&#039;s 5% drop. The real estate and construction sector was up 5.2% and financials climbed 4.16%.

]]></description>
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<title><![CDATA[Iran &#039;must choose&#039; its future path, says Obama]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41697</link>
<description><![CDATA[INTERNATIONAL. Iran &#039;must choose&#039; whether to open the door to opportunity and prosperity, US President Barack Obama said Wednesday in a statement marking 30 years since the storming of the US embassy in Tehran]]></description>
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<title><![CDATA[Abu Dhabi plans US$1 trillion investment on infrastructure projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41671</link>
<description><![CDATA[UAE. Cited projects include roads, transport, buildinds, hotels, and a metro all part of Abu Dhabi&#039;s development plans to wean its economy off oil. 

]]></description>
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<title><![CDATA[Global investor review finds investors confident on market prospects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41666</link>
<description><![CDATA[INTERNATIONAL. The survey revealed that investors remain confident that global indices will continue to rise further despite the recent market rally.
]]></description>
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<title><![CDATA[Dubai maps 2020 Olympic bid strategy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41661</link>
<description><![CDATA[UAE. &#039;Nothing is impossible as long as we have the determination for change, not change of determination,&#039; Sheikh Mohammed told the Group members.

]]></description>
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<title><![CDATA[Dubai property prices rose 9%, says HCSI report    ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41651</link>
<description><![CDATA[UAE. Agreed property prices in Dubai rose 9% since bottoming in April, with the pace of decline in rents slowing and the emirate&#039;s property sector showing signs of a pick up.]]></description>
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<title><![CDATA[Investor survey predicts Abu Dhabi to become MENA region&#039;s top real estate market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41643</link>
<description><![CDATA[UAE. &#039;The outlook for Abu Dhabi&#039;s property sector is very positive, as construction and real estate presently account for only 9% of local GDP. 

]]></description>
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<title><![CDATA[Sebastian Vettel wins Abu Dhabi F1 Grand Prix]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41627</link>
<description><![CDATA[UAE. Vettel cruised to victory at the Abu Dhabi Grand Prix ahead of Red Bull team-mate Mark Webber after Lewis Hamilton was forced to retire early.
]]></description>
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<title><![CDATA[Dubai shares tumble 5.5%, leading Arab market drop ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41626</link>
<description><![CDATA[UAE. Dubai shares slumped the most since mid-August, leading a drop in the region, as Shuaa Capital reported a loss and Emaar Properties closed at its lowest in almost a month.]]></description>
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<title><![CDATA[Despite recession, world&#039;s leading innovators increased R&amp;D spending in 2008]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41598</link>
<description><![CDATA[INTERNATIONAL. The world&#039;s 1,000 largest publicly traded corporate research and development spenders increased spending on R&amp;D in 2008, affirming the critical importance of innovation to their corporate strategies, according to Booz &amp; Company. ]]></description>
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<title><![CDATA[du third quarter profit surges on new subscribers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41600</link>
<description><![CDATA[UAE. The Dubai telecom firm  more than doubled net profit in the third quarter, driven by a 51% rise in active mobile subscribers, it said on Sunday.]]></description>
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<title><![CDATA[Hamilton takes pole position for inaugural Abu Dhabi F1 Grand Prix]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41579</link>
<description><![CDATA[UAE. Lewis Hamilton claimed the 17th pole position of his career on Saturday when he topped the times in a floodlit qualifying session for Sunday&#039;s inaugural Abu Dhabi Grand Prix.

]]></description>
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<title><![CDATA[Middle East stocks fell this week on earnings, global woes ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41574</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets lost ground this week reflecting investors&#039; worries over third quarter earnings of listed firms and the fragile global recovery, financial analysts said.]]></description>
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<title><![CDATA[Dubai Properties Chairman arrested on suspicion of embezzlement ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41571</link>
<description><![CDATA[UAE. Hashim Al Dabal is accused of abusing his position and earning millions in illegal profit, the attorney general said.]]></description>
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<title><![CDATA[Oil prices surge above US$80 a barrel on US growth  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41569</link>
<description><![CDATA[INTERNATIONAL. Oil prices surged back above US$80 a barrel in Asian trade Friday on news the US has emerged from a long and painful recession after posting its strongest growth in two years.]]></description>
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<title><![CDATA[Investors cautious about taking risks, reveals Bloomberg Global Poll]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41564</link>
<description><![CDATA[The majority of investors polled also view the US as the weak link in the world economy, with its markets among the riskiest, and 37% say the dollar should not continue as the world&#039;s reserve currency in 10 years.]]></description>
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<title><![CDATA[UAE economic growth may top 4.5% in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41544</link>
<description><![CDATA[UAE. Growth in the UAE economy could exceed 4.5% in 2010, the central bank deputy chairman said on Thursday, adding that he was not particularly worried about inflation following a shake-out in the property sector.

]]></description>
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<title><![CDATA[The risk of a bond crash is low, says Dexia AM ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41536</link>
<description><![CDATA[INTERNATIONAL. We strongly believe that Dubai, very aware of the negative consequences of a bond restructuring, will by all means give the necessary support to achieve an orderly redemption, says Dexia AM.]]></description>
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<title><![CDATA[Emirates takes top spot in YouGov Siraj&#039;s BrandIndex ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41520</link>
<description><![CDATA[INTERNATIONAL. Emirates Airline climbs up three spots to take first place in brand barometer, ousting Nokia off the throne. Auto brands take four of the top 10 spots]]></description>
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<title><![CDATA[Saudi credit growth comes to halt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41525</link>
<description><![CDATA[SAUDI ARABIA. Credit growth in Saudi Arabia almost came to a halt in September compared to August as banks in the biggest Arab economy dealing with a debt crisis of family firms remained cautious.]]></description>
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<title><![CDATA[Egypt seeks 7% plus growth in two years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41499</link>
<description><![CDATA[EGYPT. Egypt&#039;s prime minister told Reuters on Tuesday he aimed to get economic growth back above 7% a year within two years but this would depend on a recovery in foreign investment and other external factors.

]]></description>
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<title><![CDATA[America&#039;s Cup race can&#039;t be held in Ral al-Khaimah, says US Judge]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41485</link>
<description><![CDATA[INTERNATONAL. The America&#039;s Cup sailing race to be held in February can&#039;t be staged in the UAE because the competition&#039;s rules dictate that it take place that month in the southern hemisphere, a New York judge said.]]></description>
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<title><![CDATA[UAE is most prosperous Arab nation, reveals study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41483</link>
<description><![CDATA[INTERNATIONAL. The UAE is the only Arab nation ranked in the top 50 for the second year running in the third edition of the Legatum Prosperity Index, published today, thanks to strong scores in security, safety and health.
]]></description>
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<title><![CDATA[Dubai may initially issue US$1 billion civil aviation Islamic bond ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41484</link>
<description><![CDATA[UAE. The government of Dubai&#039;s fresh borrowing program is likely to raise an initial $1 billion through an Islamic bond to refinance debt held by the aviation department.]]></description>
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<title><![CDATA[Despite rising prices, oil still lags other asset values, says BofA Merrill Lynch report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41475</link>
<description><![CDATA[INTERNATIONAL. While crude oil is up by around 10% in US dollars in the last two month, it has only gone up by 5% in euros. An abrupt increase in oil could recreate the conditions for a price collapse, the report says.]]></description>
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<title><![CDATA[Meeting and Business Conferences not affected by H1N1 fears, reveals ACTE survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41449</link>
<description><![CDATA[INTERNATIONAL. The good news for the business meetings and professional conferences industries is that fear of the H1N1 &#039;swine&#039; influenza is not a factor in either bookings nor attendance for the remainder of 2009 and 2010.

]]></description>
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<title><![CDATA[GCC Investor Confidence Index rises 3.8 %, led by Saudi Arabia]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41423</link>
<description><![CDATA[UAE. The Index has been designed to provide the global investment community with a benchmark of investor confidence for GCC countries and track changes in investor behaviour over time. 

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<title><![CDATA[Prudential plans Dubai Islamic equity funds]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41416</link>
<description><![CDATA[INTERNATIONAL. British insurer Prudential plans to launch two Islamic equity funds in Dubai in the coming months.]]></description>
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<title><![CDATA[Surplus on global gas markets may reach 15%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41393</link>
<description><![CDATA[INTERNATIONAL. Due to the recession, world-wide demand for natural gas will drop for the first time in the history of international gas markets, according to Booz &amp; Company&#039;s report,  &#039;An Unprecedented Market - How the recession is changing global gas markets&#039;.]]></description>
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<title><![CDATA[Average rents in Abu Dhabi remain stable]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41367</link>
<description><![CDATA[UAE. Landmark Advisory today launched its latest lease guide for Abu Dhabi, which can be used as a reference tool when  looking to rent property in the UAE capital. ]]></description>
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<title><![CDATA[53% of Arab investors see the global economy recovering from crisis, according to survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41357</link>
<description><![CDATA[INTERNATIONAL. The survey, which covered respondents from across the Arab World, aimed at finding whether the crisis has ended and if we are now heading towards recovery.]]></description>
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<title><![CDATA[Middle East shares in mixed weekly performance, Saudi Tadawul gains most]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41348</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets put in a mixed performance this week reflecting investors&#039; worries over third quarter earnings, financial analysts said Friday. 

]]></description>
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<title><![CDATA[UAE&#039;s SHUAA launches first truly integrated regional trading portal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41334</link>
<description><![CDATA[UAE. The bilingual trading platform, which is free to register, gives the user on-line trading access to multiple UAE stock markets through a single account.]]></description>
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<title><![CDATA[Dubai may decide on global bond sale in the next two weeks ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41336</link>
<description><![CDATA[UAE. Dubai government told investors Thursday it will decide whether to launch a global bond sale in the next two weeks once it has gauged the interest of a broad range of investors.]]></description>
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<title><![CDATA[Morgan Stanley sees strong growth resuming in Saudi Arabia on oil, domestic demand ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41318</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia has managed to weather the global economic downturn and its near-term outlook for economic growth is positive, according to a Morgan Stanley economic report.]]></description>
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<title><![CDATA[Emaar third quarter profit rises 53% to US$178 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41331</link>
<description><![CDATA[UAE. Emaar has recorded third quarter net operating profit of  AED655 million (US$ 178 million) on a strategy of strengthening customer-oriented initiatives and a commitment to project delivery. 

]]></description>
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<title><![CDATA[Oil retreats after hitting fresh one-year high above US$81 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41326</link>
<description><![CDATA[INTERNATIONAL. Oil prices dropped below US$81 a barrel Thursday, retreating from a 2009 high, as the US dollar steadied in Asian trading.

]]></description>
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<title><![CDATA[Dubai World may sell bonds to repay maturing Sukuk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41302</link>
<description><![CDATA[UAE. Global holding company Dubai World may be able to sell bonds to repay loans, including a US$3.5 billion Islamic bond due at year-end .]]></description>
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<title><![CDATA[World bank unit to list US$100 million Sukuk in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41281</link>
<description><![CDATA[INTERNATIONAL. The IFC Hilal Sukuk, a US$ 100 million issue with a five-year maturity, will be listed with the Nasdaq Dubai and Bahrain stock exchanges, the Washington-based corporation said.]]></description>
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<title><![CDATA[UAE retail sector to grow by 16.5% in 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41272</link>
<description><![CDATA[UAE. The value of retail sales in the UAE is projected to grow by 16.5% in 2010 due to increasing consumer confidence in the market, according to a report by Business Monitor International. 

]]></description>
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<title><![CDATA[Qatar makes US$1 billion in Barclays shares sale ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41262</link>
<description><![CDATA[QATAR. Qatar made US$1 billion)by selling shares in Barclays Plc a year after it helped bail out Britain&#039;s second-biggest bank. 

]]></description>
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<title><![CDATA[Al Rajhi is largest individual Saudi investor ahead of Prince Alwaleed, reveals new Falcom investment watch  
]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41256</link>
<description><![CDATA[SAUDI ARABIA. Falcom Financial Services has launched the first Saudi &#039;wealthy investors watch&#039;.]]></description>
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<title><![CDATA[Rents still falling in UAE&#039;s Northern Emirates but at slower rate]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41240</link>
<description><![CDATA[UAE. Umm Al Quwain the most affordable emirate; Sharjah the most expensive in which to live, says Asteco report.]]></description>
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<title><![CDATA[Dubai plans fixed income, Islamic bond roadshow ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41219</link>
<description><![CDATA[UAE. The Dubai government said on Monday it planned bond roadshows from October 22, but added the meetings were not linked to its US$20 billion bond programme aimed at assisting state-linked firms.

]]></description>
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<title><![CDATA[Oil prices climb to one-year peak near US$80]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41220</link>
<description><![CDATA[INTERNATIONAL. World oil prices rose Monday as demand recovery and a weaker dollar  raised sentiment in energy trading.]]></description>
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<title><![CDATA[Nakheel settles US$1.2 billion securitised bond ahead of maturity date]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41205</link>
<description><![CDATA[UAE. The Dubai developer reportedly negotiated with bankers to extend the maturity of the notes to November 15. It then elected to settle the debt a month early.

]]></description>
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<title><![CDATA[Abu Dhabi secures US$2.15 billion financing for Shuweihat power project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41191</link>
<description><![CDATA[UAE. Abu Dhabi has sealed a US$2.15 billion long-term financing deal for its Shuweihat 2 water and power project, signalling the return of appetite for regional project finance, officials and bankers said on Monday.

]]></description>
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<title><![CDATA[UAE consumers may soon enjoy cheaper phone calls as regulator mulls VOIP services]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41172</link>
<description><![CDATA[UAE. Consumers will see a drop next year in internet charges as a result of the agreement.]]></description>
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<title><![CDATA[GCC hydrocarbon projects worth US$690 billion despite 30% cancellations]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41156</link>
<description><![CDATA[INTERNATIONAL. New Proleads investigation assesses impact of global slowdown on economically vital GCC oil, gas and petrochemical sectors.]]></description>
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<title><![CDATA[Downtown Burj Dubai apartments see 8% price increase]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41148</link>
<description><![CDATA[UAE. Communities with completed facilities are preferred choices, but rental rates see minimal change, says Asteco report.]]></description>
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<title><![CDATA[Dubai&#039;s GITEX Technology Week launches latest innovations and products]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41145</link>
<description><![CDATA[UAE. GITEX Technology Week is the preferred platform for companies to launch their new products and help industry players capitalise on the steady growth of the region&#039;s IT market.]]></description>
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<title><![CDATA[Alinghi dismisses rivals fears over Ras Al Khaimah America&#039;s Cup venue ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41126</link>
<description><![CDATA[UAE. Alinghi team president Ernesto Bertarelli dismissed the fears of rivals BMW Oracle about holding the America&#039;s Cup so close to Iran as the stuff of a Hollywood script.]]></description>
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<title><![CDATA[Middle East bourses end week higher buoyed by oil prices, earnings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41123</link>
<description><![CDATA[INTERNATIONAL. Arab stock markets gained fresh ground this week as investors looked favourably to the rising oil prices and early reports of third quarter results, financial analysts said.]]></description>
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<title><![CDATA[Monetary Council will be set up by January, says GCC Secretary General ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41119</link>
<description><![CDATA[SAUDI ARABIA. The Gulf Arab states&#039; Monetary Council, a precursor to a joint central bank for four countries planning a single currency, will be established by the start of next year.]]></description>
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<title><![CDATA[Oil price hits one-year high above US$78]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41117</link>
<description><![CDATA[INTERNATIONAL. The price of oil hit a year-high above US$78 dollars on Friday after official data showed a pick-up for gasoline demand in the United States, the world&#039;s biggest energy consuming nation.]]></description>
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<title><![CDATA[Dubai, Abu Dhabi need to create 150,000 jobs to fill homes, says Nomura ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41109</link>
<description><![CDATA[UAE. Dubai and Abu Dhabi need to create about 150,000 white-collar jobs to provide enough buyers for the houses and apartments being completed in the next two years.]]></description>
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<title><![CDATA[BofA Merrill Lynch Fund Manager Survey finds risk appetite rising as double-dip recession fears fade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41095</link>
<description><![CDATA[INTERNATIONAL. Investors risk appetite has reached its highest point in more than three years amid continued optimism about the prospects for a global economic recovery and rising corporate profits.
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<title><![CDATA[International investors attracted by growth prospects in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41092</link>
<description><![CDATA[INTERNATIONAL. International investors are attracted by growth prospects in the Middle East and are keen to engage with companies in the region, according to a study of capital markets perceptions and investor relations.]]></description>
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<title><![CDATA[GCC single currency may retain dollar peg, says Samba Financial Group ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41085</link>
<description><![CDATA[SAUDI ARABIA. Currency union should be seen as an evolutionary process rather than an abrupt break. with the past.]]></description>
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<title><![CDATA[Dubai housing market set to drop another 20% on oversupply, says Colliers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41081</link>
<description><![CDATA[UAE. The report said one in four homes is vacant in Dubai and a quarter of office space lays empty due to oversupply.]]></description>
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<title><![CDATA[Cityscape 2009 visitors fell around 50%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41076</link>
<description><![CDATA[UAE. If Cityscape Dubai 2006 and 2007 were the boom years, and 2008 was held against a backdrop of uncertainty, then perhaps fittingly the 2009 show had transparency.]]></description>
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<title><![CDATA[Saudi, Turkey to lead Middle East private equity, says Carlyle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41058</link>
<description><![CDATA[UAE. Private equity activity in the wider Middle East region in the near future will be especially strong in Saudi Arabia and Turkey, a top executive of The Carlyle Group said on Tuesday.]]></description>
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<title><![CDATA[Damas CEO denies involvement in unauthorised transactions; shares resume trading]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41055</link>
<description><![CDATA[UAE. A special committee of the Board is appointing an independent global accountancy firm to conduct an independent review and an international law firm to assist in analysis of the transactions.

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<title><![CDATA[GCC oil and gas reserves are worth US$18.3 trillion, says DIFC report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41051</link>
<description><![CDATA[UAE. The enormous energy commodity assets are large enough to finance the transformation of the GCC economies, as well as to impact global asset valuations.]]></description>
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<title><![CDATA[UAE banks in US$11 billion liquidity shortfall, says Standard Chartered]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41046</link>
<description><![CDATA[UAE. Banks in the UAE are facing a liquidity shortfall of up to US$11 billion and are suffering from bad debt due to unsecured lending, a Standard Chartered executive said on Tuesday.]]></description>
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<title><![CDATA[Dubai jeweller Damas CEO Tawhid Abdulla resigns]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41034</link>
<description><![CDATA[UAE. Dubai jewellery group Damas International Ltd said chief executive officer and managing director Tawhid Abdulla had resigned after disclosing &#039;unauthorised transactions&#039;.]]></description>
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<title><![CDATA[Middle East private equity CEOs cautiously optimistic, say worst is behind us]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41020</link>
<description><![CDATA[UAE. Private equity bosses in the Middle East say the worst of the financial crisis has passed, but improved capital and equity markets won&#039;t immediately translate to large or numerous deals.

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<title><![CDATA[Dubai Holding repays US$250 million loan to BNP Paribas]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41016</link>
<description><![CDATA[UAE. The bilateral loan, taken out as a general corporate facility, was repaid on the maturity date]]></description>
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<title><![CDATA[Water may become scarce in the Middle East, warns World Bank report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=41005</link>
<description><![CDATA[INTERNATIONAL. Water is the Middle East region will become scarce within decades unless it is radically better managed, the World Bank said in a report released yesterday in Abu dhabi ahead of the December meetings on climate change in Copenhagen.]]></description>
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<title><![CDATA[Dubai must raise more cash to meet debt and contractor repayments, says S&amp;P ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40979</link>
<description><![CDATA[UAE. Dubai has around US$50 billion worth of debt repayments to make over the next three years but is not doing enough to ensure it will meet them, S&amp;P said.

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<title><![CDATA[Gulf states economic growth to slow to 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=40968</link>
<description><![CDATA[UAE. Economic growth of Gulf Arab oil exporters is set to slow to 0.7% this year but will rebound in 2010 to grow by 5.2% on rising oil revenue, the International Monetary Fund said on Sunday.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Aabar buys US$328 million Santander Brasil stake]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40957</link>
<description><![CDATA[UAE. Abu Dhabi&#039;s Aabar Investments acquired a US$328 million stake in depositary shares issued by Banco Santander&#039;s Brazilian unit in the unit&#039;s initial public offering, Aabar said in a statement.]]></description>
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<title><![CDATA[Saudi shares gain led by telecoms, food sector]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40942</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia&#039;s shares advanced Saturday to the highest level of the year led by telecoms and financials as international markets rallied and oil traded at US$72 a barrel. ]]></description>
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<title><![CDATA[Dubai&#039;s second tranche of US$20 billion bond may be issued this month]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40932</link>
<description><![CDATA[UAE. In an exclusive interview with CNN&#039;s Marketplace Middle East (MME) Mohamed Alabbar, Chairman of Emaar discussed delayed projects, Dubai&#039;s debt and the lessons learned from the crisis.]]></description>
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<title><![CDATA[Burj Dubai will open on 2 December, says Emaar Chairman  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40933</link>
<description><![CDATA[UAE. The Chairman of Emaar Properties, the Middle East&#039;s largest developer, said he expected the world&#039;s tallest tower Burj Dubai to open on 2 December, to coincide with the UAE national day.]]></description>
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<title><![CDATA[Saudi, Syria in agreement to boost trade and investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40931</link>
<description><![CDATA[SYRIA. Saudi Arabia and Syria agreed to promote trade and investment between the two regional powerhouses, as Saudi King Abdullah wrapped up a visit to Syria.]]></description>
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<title><![CDATA[Emirates Airline issues US$413.7 million bond to finance Boeing 777 aircraft ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40921</link>
<description><![CDATA[UAE. Secures US$413.7 million for three new Boeing 777-300ER aircraft financing in first-ever public bond offering backed by US Ex-Im guarantee.

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<title><![CDATA[Dubai&#039;s debt is reasonable, says HSBC Middle East chairman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40916</link>
<description><![CDATA[UAE. HSBC Holdings will lend to companies in the emirate facing funding problems. ]]></description>
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<title><![CDATA[Dubai developers focus on customer service, &#039;back to basics&#039; at Cityscape 2009]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40910</link>
<description><![CDATA[UAE. There has been a more sombre mood at Dubai&#039;s property show Cityscape, as developers showcased projects that are unfinished and speak of lower cost developments.

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<title><![CDATA[Egypt&#039;s Suez Canal revenue falls 19% on global crisis]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40904</link>
<description><![CDATA[EGYPT. Revenue from the Suez Canal,  a key source of foreign currency for Egypt, declined 19% in September as a result of the global financial crisis.]]></description>
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<title><![CDATA[Saudi central bank chief defends dollar oil pricing, exchange peg ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40877</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia&#039;s central bank chief denied holding talks on dropping the dollar as the currency for pricing oil, and said his country&#039;s foreign-exchange peg to the dollar is a matter of national economic interest. 

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<title><![CDATA[Oil producers deny talks on replacing dollar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40847</link>
<description><![CDATA[INTERNATIONAL. Oil producing nations denied on Tuesday a British newspaper report that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in trading oil.

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<title><![CDATA[World Bank to fund job creation in Middle East, North Africa]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40828</link>
<description><![CDATA[INTERNATIONAL. The World Bank will loan about US$4 billion this year in the Middle East and North Africa to help create jobs for 20 million jobless young people.]]></description>
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<title><![CDATA[UAE, Qatar shares climb to 2009 high]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40822</link>
<description><![CDATA[INTERNATIONAl. UAE and Qatar shares soared to a 2009 high as investor confidence rose ahead of the earnings season after the International Monetary Fund lifted its growth forecast for the region.]]></description>
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<title><![CDATA[Dubai confident of settling debt, says Sheikh Ahmed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40816</link>
<description><![CDATA[UAE. Asked if Dubai would be able to settle or refinance its debt in 2009, Sheikh Ahmed bin Saeed al-Maktoum said: &#039;Yes.&#039;

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<title><![CDATA[Key real estate exhibition Cityscape Dubai 2009 opens today]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40775</link>
<description><![CDATA[UAE. &#039;Focus on Dubai,&#039;  the most comprehensive report of its type on the current state of the real estate market is being made available free of charge to visitors to Cityscape Dubai 2009.
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<title><![CDATA[&#039;We may have possibly reached a price floor for villas in Dubai,&#039; says Landmark Advisory]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40781</link>
<description><![CDATA[UAE. Real estate markets in Dubai and Abu Dhabi were active in the third quarter, with some unusual trends developing in both cities. 

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<title><![CDATA[Middle East consumer confidence surges led by Kuwait, UAE and Qatar; Lebanon drops ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40772</link>
<description><![CDATA[INTERNATIONAl. Residents across the Middle East are feeling a marked improvement in economic conditions, according to the latest Bayt.com YouGov survey.

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<title><![CDATA[MENA region represents US$30 billion in asset management revenue opportunities for developers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40768</link>
<description><![CDATA[UAE. AT Kearney sees an untapped revenue opportunity of US$30 billion in ancillary revenues for developers in the MENA region, of which around US$5-10 billion are in UAE and an additional US$8-12 billion are in Saudi Arabia. 

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<title><![CDATA[Gulf states set for return to solid growth but risks remain, says IIF]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40754</link>
<description><![CDATA[INTERNATIONAL.  Gulf Arab economies are seen returning to solid growth in 2010, with Qatar and Oman soaring on rising oil and gas output, but &#039;corporate distress&#039; remains a risk. ]]></description>
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<title><![CDATA[Arab stock markets close week with mixed performance, Saudi Tadawul rises most]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40753</link>
<description><![CDATA[INTERNATIONAL. Regional stock exchanges will continue to reflect the situation in global markets, world recovery predictions and the movement of oil prices ]]></description>
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<title><![CDATA[What makes family businesses unique, and what can we learn from them?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40748</link>
<description><![CDATA[INTERNATIONAL. Family-owned businesses are able to leverage an inherent competitive advantage to ensure they survive and prosper which encompasses committed owners, long-term strategies, industry knowledge and values such as trust, stewardship and longevity. 
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<title><![CDATA[We have to create about 5 million jobs a year in the Arab World, says Queen Rania of Jordan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=4&amp;t=1&amp;id=40719</link>
<description><![CDATA[JORDAN. CNN&#039;s Christiane Amanpour presents a new live global interview programme, Amanpour. In Friday&#039;s edition, Amanpour interviewed Queen Rania of Jordan. The following is a transcript of the interview.

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