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		<title>Saudi women making headway in male-dominated business world</title>
		<link>http://ivimx.com/saudi-women-making-headway-in-male-dominated-business-world/</link>
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		<pubDate>Thu, 09 Dec 2010 18:36:34 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[The Media Line Staff Saudi Arabia (TML) &#8211; About five years ago, Shroog Radain, a 29-year-old teacher&#8217;s aide at King Abdul Aziz University in Jeddah, saw the perfect niche for her skills as a baker and confectioner. She founded Mini Bites, a small company based on Quraish Street in the Al-Salamah District of Jeddah. Radain [...]]]></description>
			<content:encoded><![CDATA[<div>The Media Line Staff</div>
<p>Saudi Arabia (TML) &#8211; About five years ago, Shroog Radain, a 29-year-old teacher&#8217;s aide at King Abdul Aziz University in Jeddah, saw the perfect niche for her skills as a baker and confectioner. She founded Mini Bites, a small company based on Quraish Street in the Al-Salamah District of Jeddah.</p>
<p> Radain brought in her friend, Maha Aboulola, also 29, as her partner and named her husband, Mowaffaq Aboulolaa, as Mini Bites&#8217; marketing manager. Radain and Aboulola supervise the entire operation.</p>
<p> Mini Bites specializes in homemade sweets, cupcakes and canap&eacute;s, including traditional Arabic baked goods.</p>
<p> &#8220;We&#8217;re doing quite well,&#8221; Radain said recently. &#8220;We do weddings and go to food conventions and wedding expos.&#8221;</p>
<p> The company remains small and Radain and Aboulola, a journalist, haven&#8217;t quit their day jobs, but Mini Bits&#8217; Facebook page alone boasts more than 1,000 members and has a loyal following.</p>
<p> Radain and Aboulola, daughters of upper-middle class liberal parents, are the new face of the Saudi woman entrepreneur. They came into adulthood in the aftermath of 9/11 with a fistful of Saudi riyals and an ambition to chart their own destiny by trying to steer clear of traditional female employment, such as in education.</p>
<p> Studies performed in Saudi Arabia and by foreign think tanks show in the past two years that Saudi women are emerging with influence. Changes in the population and access to deep pockets are giving Saudi women growing economic influence that just a decade ago was unthinkable.</p>
<p> According to Saudi Arabia&#8217;s statistics department, the country&#8217;s population grew from 7 million in 1975 to 25 million in 2009, including the 7 million expatriate workers now living in the kingdom. Saudis under the age of 34 account for 70% (13.3 million) of the total population of 18 million Saudis in 2009. Saudi women represent about half of that 34-year-old and under segment.</p>
<p> Earlier this year, the Cayman Islands-based asset management company Al Masah Capital conducted a survey that found that Saudi women controlled an estimated $11 to $12 billion in assets in Saudi banks. Further, the Jeddah Chamber of Commerce estimates that women invested about $1.9 billion in real estate.</p>
<p> Yet in late 2010 the pace of female investments remains slow as Saudi women are unwilling or unable to invest their funds effectively. A Jeddah Chamber of Commerce study (&#8220;Businesswomen in Saudi Arabia: Characteristics, Challenges, and Aspirations in a Regional Context&#8221; by Noura Alturki and Rebekah Braswell, July 2010) reports that Saudi women are not taking advantage of their funds.</p>
<p> Women&#8217;s investments and business account for about 4.3% of the private businesses in the kingdom. Still, 72.6% of those Saudi businesses registered by women are outside the home and 92% of those businesses have employees on the payroll. Saudi women&#8217;s businesses are generally interior design, fashion, jewelry, beauty salons, wholesale/retail, marketing, consulting, event management and public relations.</p>
<p> According to the Jeddah Chamber study, obstacles preventing Saudi women from achieving economic parity with their male counterparts are numerous but not insurmountable. Roadblocks include:</p>
<p> &bull; Lack of government infrastructure to grant business licenses for female-oriented businesses such as beauty salons and child day-care facilities</p>
<p> &bull; Lack of public transportation and an urban driving ban on women, which lead to logistical planning problems and incurring high costs for private transportation</p>
<p> &bull; Severe restrictions on international travel</p>
<p> &bull; Severe restrictions on government-issued business visas for foreign women or iqamas (work permits) to foreign wives of expatriate workers</p>
<p> &bull; Refusal of some government officials to recognize changes in laws that allow real estate investment, access to public services and appointing a person as power of attorney</p>
<p> &bull; Lack of decision-making powers in government women&#8217;s sections</p>
<p> &bull; Lack of access to traditional funding mechanisms, such as commercial bank loans</p>
<p> Saudi women with supportive families get around many of these obstacles. Travel issues are often solved through a notarized document from a woman&#8217;s mahram (male guardian) allowing her the ability not only to travel within the kingdom but to other countries. A female-owned beauty salon may open under a different licensing category like a tailor shop, because licensing for beauty salons don&#8217;t exist. Women possessing a national identity card can open bank accounts and obtain personal loans, although limited funding through such loans denies businesswomen to be more competitive.</p>
<p> Although women open and conduct business in this manner, it doesn&#8217;t solve the larger issue of government officials failing to honor changes in the law designed specifically to make it easier for Saudi women to conduct business.</p>
<p> One Saudi businesswoman, who asked not to be identified because she is negotiating several sensitive real estate deals, said it took two years to establish her real estate company. The primary roadblock was the names of 24 women listed as investors.</p>
<p> Local government officials were reluctant to grant her a license, but never specified their concerns. The government sought a closer look at the company, yet never provided information what laws and regulations. Ultimately, the woman obtained her license.</p>
<p> Yet Saudi Arabia has taken incremental steps to ease restrictions. Perhaps the most significant step was an effort in 2005 by then-Minister of Labor Ghazi Al-Ghosaibi to permit women to work in lingerie shops. Al-Ghosaibi, known for his liberal attitudes toward women&#8217;s rights, spearheaded the effort. But shop owners refused to hire women fearing interference from religious conservatives, particularly the Commission for the Promotion of Virtue and Prevention of Vice. The ministry&#8217;s efforts failed, revealing that the theory of female empowerment, even given at the highest levels, is not compatible with the reality of dealing with conservatives who up until 2010 held virtual veto power over many government decisions.</p>
<p> The lingerie shop issue, however, served as a lightning rod for equally bold moves by the Saudi government that were successful. In 2008, Mecca&#8217;s governor, Prince Khaled Al-Faisal, abolished the law banning men and women from interacting while conducting business. During the same year, the Labor Ministry under Al-Ghosaibi made it legal to allow women to not only choose where to work but to no longer seek a mahram&#8217;s permission to seek work or change jobs. In addition, travel restrictions were eased slightly in which a ban was lifted preventing women from staying alone in hotels.</p>
<p> Ministry decisions are often a response to the shifting social attitudes of the kingdom. Although Al-Ghosaibi, who died in August, had long established his credentials as supporting the right of women to engage in commerce, the impetus comes largely from women born after 1975. They came of age when the Internet was in its infancy and later when satellite television offered a daily window into Western culture.</p>
<p> As young women graduate from Saudi and foreign universities, they are less likely to wear the niqab (face veil) in Saudi Arabia and more likely to socialize in a mixed environment. Indeed, upscale malls in Jeddah are filled with Saudi women who remove their hijabs and wear open abayas, a style unheard of five years ago. The new attitude has led to the changing tide of working alongside men in private universities and the private businesses.</p>
<p> &#8220;Things are different now,&#8221; Radain said. &#8220;Yes, it&#8217;s still hard to find jobs, but starting your own business can solve that and it doesn&#8217;t necessarily take a lot of money. With hard work, a woman can succeed in&#8217;shallah.&#8221;</p>
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    Article &#169; AHN &#8211; All Rights Reserved
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<p>View full post on <a rel="nofollow" target="_blank" href="http://www.feedsyndicate.com/articles/7020765330">Social Issue Stories</a></p>
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		<title>Dubai&#8217;s Airport In Overdrive As It Arbitrages Between East, West</title>
		<link>http://ivimx.com/dubais-airport-in-overdrive-as-it-arbitrages-between-east-west/</link>
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		<pubDate>Sun, 28 Nov 2010 17:29:45 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[The Media Line Staff Dubai, United Arab Emirates Michael Grubb &#8211; Dubai International Airport, the largest in the Gulf, is outpacing the world aviation industry&#8217;s recovery this year as it capitalizes on its role as a pivot for business travelers arbitraging between a struggling Europe and the burgeoning economies of Asia. But analysts warn that [...]]]></description>
			<content:encoded><![CDATA[<div>The Media Line Staff</div>
<p>Dubai, United Arab Emirates Michael Grubb &#8211; Dubai International Airport, the largest in the Gulf, is outpacing the world aviation industry&#8217;s recovery this year as it capitalizes on its role as a pivot for business travelers arbitraging between a struggling Europe and the burgeoning economies of Asia. But analysts warn that Dubai&#8217;s success makes it a likely magnet for new competition.</p>
<p> Traffic through Dubai International rose by close to 16 percent in the first nine months of the year, well ahead of the 12.9 percent average increase in the Asia-Pacific market, making it the world&#8217;s fastest growing, according to Airports Council International. The pace of growth for Dubai continued in October, when traffic exceeded 4 million people for the second time ever, Dubai Airports reported Wednesday.</p>
<p> Aviation is a big and thriving business for tiny Dubai, whose economy is otherwise struggling with some $100 billion of real estate debt. Dubai is home to the world&#8217;s 14th busiest airport, just behind New York&#8217;s John F. Kennedy Airport and ahead of Amsterdam&#8217;s Schiphol. The number of people passing through the airport in October alone was equal to more than twice the country&#8217;s entire population.</p>
<p> Dubai Airports has ambitious plans for expanding. Annual capacity at Dubai International will grow from 60 million passengers to 75 million next year when it dedicates Concourse 3, the world&#8217;s only facility dedicated to servicing the Airbus A380, the largest passenger airliner in the world.</p>
<p> Meanwhile, a second airport, the Al-Maktoum International, is under development next door. Al-Maktoum began cargo operations six months ago and will be opening for passenger travel in March 2011.</p>
<p> Dubai Airports is expecting growth to continue at a strong double-digit rate in 2011, with annual passenger traffic jumping 13.1 percent to 52.2 million from a forecast 46.1 million for all of 2010. Dubai&#8217;s flag carrier Emirates is counting on its passenger numbers growing 10 percent next year while the discount carrier Flydubai forecasts its traffic doubling.</p>
<p> &#8220;Before the end of the decade passenger numbers will approach 90 million making Dubai International the busiest airport in the world in terms of international passenger traffic,&#8221; Paul Griffiths, chief executive officer of Dubai Airports, said last week.</p>
<p> But Dubai&#8217;s airports &#8211; and its airlines &#8212; are vulnerable to emerging competition because it is entirely dependent on funneling passengers from Europe and Asia through its airports and sending them on to their final destinations, he said. The airport has no domestic market and a tiny regional one. Indeed, measured by international traffic alone, Dubai rises in the world airport rankings to No. 6.</p>
<p> &#8220;They will have competition, the dynamics will definitely change,&#8221; Philip Butterworth-Hayes, lead consultant of the aviation advisory firm PMi Media, told The Media Line. &#8220;I would look at Indian airlines in particular. Once you have a strong home market like India, you have the ability to capture traffic.&#8221;</p>
<p> Dubai has not only benefited from huge investment in its airport and carriers but also from low costs, the absence of environmental constraints to airport expansion and its strategic location. Demand for Europe-Asian travel has grown as European companies focus sales on the growing economies of China and the rest of Asia while newly wealthy Asians have the disposable income to travel to Europe for holidays. Dubai is about 5,500 kilometers (3,400 miles) from London and 6,400 kilometers (4,000 miles) from Shanghai.</p>
<p> Adding to world-class airports, Dubai&#8217;s state-owned Emirates airlines has been an aggressive competitor, taking market share from hobbled European rivals by adding capacity &#8211; the airline has the biggest fleet of the giant A380s on order &#8211; and is keeping fares and costs low.</p>
<p> But India could match many of these assets. Mumbai, the country&#8217;s commercial capital is about 7,200 kilometers (4,500 miles) from London and 5,000 kilometers (3,100 miles) from Shanghai, on top of being a business and tourism destination in its own right.</p>
<p> As India&#8217;s economy grows, demand for domestic air travel for its 1 billion people has also increased. Domestic air traffic in India grew 15 percent in October compared with a year ago to 4.6 million passengers, the government said last week. What the country still lacks to take on Dubai is a competitive airline to service an Indian hub, Griffiths said.</p>
<p> &#8220;If you were to have an Emirates-like operation in India, you could make it a major hub,&#8221; he said. &#8220;But they would also benefit from the presence of a huge domestic market.&#8221;</p>
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<p>View full post on <a rel="nofollow" target="_blank" href="http://www.feedsyndicate.com/articles/7020655698">Economy, Business And Finance Stories</a></p>
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		<title>Can China Discover the Urge to Splurge?</title>
		<link>http://ivimx.com/can-china-discover-the-urge-to-splurge/</link>
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		<pubDate>Wed, 24 Nov 2010 17:49:11 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[China]]></category>
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		<description><![CDATA[Building a consumer society in China won&#8217;t be easy, but the health of the world economy depends on it. View full post on Business Stories]]></description>
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<p>                            Building a consumer society in China won&#8217;t be easy, but the health of the world economy depends on it.</p>
<p>View full post on <a rel="nofollow" target="_blank" href="http://feeds.nytimes.com/click.phdo?i=27da415b2e656a567bb5254fa41ca62d">Business Stories</a></p>
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		<title>Why Blogging is Necessary For Business?</title>
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		<pubDate>Sat, 20 Nov 2010 10:08:37 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Auto Financing]]></category>
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		<description><![CDATA[Blogging has created a revolution in the web world to a great extent. The features like personal writing, instant publishing system, easy updates and simple maintenance made blogs popular. Businesses find blogs as a potential tool to represent their organization in a positive mode. Many others treat blog as an efficient tool to communicate with [...]]]></description>
			<content:encoded><![CDATA[<p>Blogging has created a revolution in the web world to a great extent. The features like personal writing, instant publishing system, easy updates and simple maintenance made blogs popular. Businesses find blogs as a potential tool to represent their organization in a positive mode. Many others treat blog as an efficient tool to communicate with their customers and employees.</p>
<p>The following are some of the reasons for why blogging is necessary for business –</p>
<p><strong>Friendly approach</strong><br />Blogs are proved as a good medium to communicate with netizens. Using blogs, businesses can inform about their products and services, announce their innovations, achievements, and upcoming events, etc. When businesses use blogs for these purposes, it appears as a sociable message, rather than a company brochure.</p>
<p><strong>Internal blogging</strong><br />Blogs created to share information within the employees of the organization are called internal blogs. Internal blogs help management to be in good contact with the employees. Thus, internal blogs help to create a healthy relation between management and employees.</p>
<p><strong>Influence the visitors</strong><br />Blogs are visited by millions of readers every day. Thus, blogging has a great potential to help the organizations in educating their customers, employees, or investors and drive them towards some positive environment. Many companies are successfully running such blogs, like Google, General Motors, etc. This in turn helps to enhance their business opportunities.</p>
<p><strong>Customer relationships</strong><br />Blogs are an excellent medium for the businesses to communicate with their customers. Blogging can help businesses to reach their customers efficiently and get feedbacks, tips and reviews from them. This creates a genuine environment for a healthy relationship between the organization and customers.</p>
<p><strong>Recruiting tool</strong><br />Using blogs for recruiting has not gained substantial progress yet. But, there is a lot of scope for the blogs to help businesses in recruiting potential candidates. Blogs can also help businesses to engage with candidates who are passionate to work for them.</p>
<p>Many businesses have used blogs successfully in maintaining good communication with the customers and other stake holders. Blogs helped them to build a healthy relationship between management and employees. Corporate blogging is rapidly gaining popularity and the days are not so far for it to become essential as a website for a professional company.</p>
<div style="margin:5px;padding:5px;border:1px solid #c1c1c1;font-size: 10px;">
<div class="author-signature"> <strong>About Author</strong> <br /><a rel="nofollow" target="_blank" href="http://samuelfuller.blogspot.com">Samuel Fuller&#8217;s weblog</a> presents his analysis and reviews on various issues and news from all over the world in an effective way. He also discuss about topics related to <a rel="nofollow" target="_blank" href="http://samuelfuller.blogspot.com">health and drugs</a>.</div>
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		<title>JBS hails weak dollar, as world leaders lament it</title>
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		<pubDate>Fri, 12 Nov 2010 17:39:12 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[The meat giant says that the weakness of the dollar, which strains a meeting of world leaders, is a boon to its export prospects View full post on Business Stories]]></description>
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<p>                            The meat giant says that the weakness of the dollar, which strains a meeting of world leaders, is a boon to its export prospects</p>
<p>View full post on <a rel="nofollow" target="_blank" href="http://www.agrimoney.com/news/jbs-hails-weak-dollar-as-world-leaders-lament-it--2478.html">Business Stories</a></p>
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		<title>MTV Unpacks The EMA Goodie Bags</title>
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		<pubDate>Sun, 07 Nov 2010 17:36:43 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[Press Release &#8211; New York, NY, United States (AHN PR) &#8211; MTV Networks International has revealed the contents of the 2010 MTV EMA Goodie Bag, the ultimate in trend-setting luxury and indulgence. MTV EMA 2010 is sponsored by the new Suzuki Swift, Calvin Klein Jeans and Dell. Each of the performers and presenters at the [...]]]></description>
			<content:encoded><![CDATA[<p><span style='font-weight: bold;color: #8B8D8E'>Press Release</span> &#8211;
<div></div>
<p>New York, NY, United States (AHN PR) &#8211; MTV Networks International has revealed the contents of the 2010 MTV EMA Goodie Bag, the ultimate in trend-setting luxury and indulgence.</p>
</p>
<p> MTV EMA 2010 is sponsored by the new Suzuki Swift, Calvin Klein Jeans and Dell.</p>
</p>
<p> Each of the performers and presenters at the 2010 MTV EMAs including host Eva Longoria will receive a fabulous MTV EMA goodie bag, with contents provided by the world&#8217;s top designers and brands.</p>
<p> Among the sumptuous contents of this year&#8217;s EMA Goodie Bag are the very latest must-have items for the stylish star-about-town including:</p>
<ul>
<li> Dell Streak &#8211; the much-talked-about tablet hits the sweet spot between traditional smartphones and larger screen tablets with its built-in Wi-Fi, Bluetooth and 3G connectivity, high resolution 5MP camera and VGA front facing camera</li>
<li> An ultra-chic belt and buckle courtesy of pan-European sponsor Suzuki</li>
<li> Ultra skinny Calvin Klein Jeans X</li>
<li> Rimowa suitcases</li>
<li> M.A.C make-up boxes</li>
<li> Hilfiger Loud fragrances</li>
<li> Fashionable Colour Codes and New Gent Swatch watches</li>
<li> The very latest FLIP Ultra III and Mino III HD cameras</li>
<li> Rockband 3 for Xbox</li>
<li> Paolita swimwear</li>
<li> Dora the Explorer in World School Day Adventure written by Shakira</li>
<li> MTV Pop And Rock World Records 2011</li>
<li> SpongeBob SquarePants full-size skateboard</li>
<li> Limited edition signed artwork by Max Wiedemann</li>
<li> Sonos S5 Wireless Multi Room music system</li>
<li> Footwear by Reebok</li>
<li> Cashmere &#038; silk scarves by Charlotte Sparre</li>
<li> Vanity X Cell Booster Serum</li>
<li> Diamond bracelet by Shamballa Jewels</li>
<li> Mobile phone purses by Deamond</li>
<li> StriVectin eye serum</li>
<li> Ole Henriksen skincare products</li>
<li> Glass Votives by Kosta Boda</li>
<li> Von Rita hat</li>
<li> Limited Edition Gemini III Microphone &#038; sE2200a Microphone from SE Electronics</li>
<li> Trashy Bags bags (range of sports bags, ladies handbags, record bags)</li>
<li> Thalita Jones Jewellery: handmade necklaces made from Swarovski Crystal and gem stones</li>
<li> Codello black and grey scarves</li>
<li> Stella McCartney body lotion and bag</li>
<li> Watches by Kyboe</li>
<li> Onora silver jewellery by Mojca Sapla</li>
<li> Morrocanoil hair products</li>
<li> Drop Watches by Ritmo Mundo.</li>
</ul>
<p> Performers and artists at the 2010 MTV EMAs will also be able to luxuriate in the backstage spa provided courtesy of Kiara Kare.</p>
</p>
<p> Hosted by Eva Longoria, the MTV EMAs will broadcast live from Madrid on MTV platforms across the globe from Sunday, November 7th, 2010, 21:00 CET, and will feature performances by Katy Perry, Ke$ha, Kid Rock, Kings of Leon, Linkin Park, B.o.B &#038; Hayley Williams, Plan B, Miley Cyrus, Thirty Seconds to Mars, Bon Jovi, Shakira and Rihanna.</p>
</p>
<p> MTV EMA 2010 will also stream live on www.mtvema.com and Facebook from 21:00 CET on Sunday 7 November 2010.</p>
<p> <strong>About the MTV EMAs</strong></p>
<p> The EMAs, MTV Networks International&#8217;s global awards ceremony, celebrate the best in music, youth culture and entertainment. The annual event, now in its 17th year, broadcasts on MTV entertainment platforms around the world reaching more than 600 million households. The show is hosted in a different city each year, taking the culture and ethos of each destination to a world-wide audience. Renowned for attracting global A-list talent from across the music and entertainment spectrum, the MTV EMAs draws nominees, performers and presenters from every corner of the world, delivering groundbreaking and unforgettable performances &#8211; from the first ever holographic performance with Gorillaz in Lisbon in 2005, to Beyonc&eacute;&#8217;s infamous &#8216;Ring of Fire&#8217; performance in Edinburgh in 2002 and Tokio Hotel&#8217;s &#8216;Wet Monsoon&#8217; set in Munich in 2007.</p>
<p> <strong>EMA Voting Notes:</strong></p>
<p> Winner of Best European Act, Best Push Act and Best World Stage Performance will be announced online at www.mtvema.com during the 2010 MTV EMAs on Sunday 7th November 2010</p>
<p> <strong>Show Credits:</strong></p>
<p> The 2010 MTV EMAs is executive produced by Richard Godfrey and Jane Fraser. Co-executive producer is Bruce Gillmer with Debbie Philips as producer, Raffaele Sangiovanni as executive in charge of production, line producer Sil Mcllveen and director Paul Shyvers. The 2010 MTV EMAs is an MTV Italia S.r.l &#8211; 360&deg;Playmaker Production for MTV NETWOKS EUROPE&#8221; © MTV NETWORKS EUROPE 2010 &#8211; All rights reserved.</p>
<p> <strong>About MTV Networks International:</strong></p>
<p> MTV Networks International (MTVNI) includes the premier multimedia entertainment brands MTV, VH1, Nickelodeon, MTVNHD, Tr3s: MTV, Music&aacute; y Mas, TMF (The Music Factory), VIVA, Comedy Central and Game One. MTV Networks&#8217; brands are seen globally in 645 million households in 161 territories and 34 languages via 165 locally programmed and operated TV channels and more than 500 digital media properties. The company&#8217;s diverse holdings also include interests in television syndication, digital media, publishing, home video, licensing &#038; merchandising and feature films. MTV Networks International is a unit of Viacom Inc. (NYSE: VIA, VIA.B).</p>
<p> <strong>About Suzuki:</strong></p>
<p> The Suzuki Motor Corporation with headquarters in Hamamatsu (Japan) is the leading international manufacturer of small automobiles and the 10th largest car manufacturer of the world. Founded in 1909, Suzuki today employs about 51,500 people around the world and has business activities in 196 countries and regions and production bases in 23 different countries and regions. In the fiscal year 2009/10 Suzuki posted 2.47 trillion Yen (18.8 billion Euro*) net sales and 79.4 billion Yen (605.03 million Euro*) operating income. Its global sales reached 2.35 million automobiles and 3.02 million motorcycles and ATV. With its three lines of business &#8211; automobiles, motorcycles and outboard motors &#8211; Suzuki embodies a unique &#8220;Way of Life!&#8221; that stands for the brand values &#8220;excitement&#8221;, &#8220;straightforward&#8221;, &#8220;value&#8221;, &#8220;sporty&#8221; and &#8220;spirit&#8221;. (* Exchange rate: 131.18 Yen/Euro)</p>
<p> <strong>About Calvin Klein, Inc:</strong></p>
<p> Calvin Klein, Inc. is one of the leading fashion design and marketing studios in the world. It designs and markets women&#8217;s and men&#8217;s designer collection apparel and a range of other products that are manufactured and marketed through an extensive network of licensing agreements and other arrangements worldwide. Brands/lifestyles include Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Calvin Klein Jeans, and Calvin Klein Underwear. Product lines under the various Calvin Klein brands include apparel, accessories, shoes, sleepwear, hosiery, socks, swimwear, belts, eyewear, watches, jewelry, coats, suits, fragrances, and cosmetics, as well as products for the home. For more information, visit www.calvinklein.com.</p>
<p> <strong>About Dell:</strong></p>
<p> Dell Inc. (NASDAQ: DELL) listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit www.dell.com.</p>
<div>
    Article &#169; AHN &#8211; All Rights Reserved
</div>
<p>View full post on <a rel="nofollow" target="_blank" href="http://www.feedsyndicate.com/articles/7020457423">Economy, Business And Finance Stories</a></p>
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		<title>Germany, China Lead International Criticism Of Decision By U.S. Federal Reserve To Buy $600 Billion In Bonds</title>
		<link>http://ivimx.com/germany-china-lead-international-criticism-of-decision-by-u-s-federal-reserve-to-buy-600-billion-in-bonds/</link>
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		<pubDate>Sat, 06 Nov 2010 17:25:56 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[Linda Young &#8211; AHN News Writer Washington, D.C., United States (AHN) &#8211; The decision by the United States Federal Reserve to pump $600 billion into the nation&#8217;s economy by buying U.S. Treasury Bonds has sparked international criticism led by Germany and China. China and Germany represent the world&#8217;s second- and fourth-largest economies respectively. In addition, [...]]]></description>
			<content:encoded><![CDATA[<div>Linda Young &#8211; AHN News Writer</div>
<p>Washington, D.C., United States (AHN) &#8211; The decision by the United States Federal Reserve to pump $600 billion into the nation&#8217;s economy by buying U.S. Treasury Bonds has sparked international criticism led by Germany and China.</p>
<p> China and Germany represent the world&#8217;s second- and fourth-largest economies respectively. In addition, they were joined by Brazil and South Africa in criticizing the &#8220;quantitative easing.&#8221; Quantitative easing is the economic term for buying assets to attempt to boost the economy and lower unemployment.</p>
<p> However, Germany, China, Brazil and South Africa allege that the scheme will not help the U.S. economy and will instead create more problems in the rest of the world. Quantitative easing is expected to lower the value of the dollar, which will make U.S. exports cheaper in world markets.</p>
<p> That means that U.S. exports would be more competitive against German and Chinese exports.</p>
<p> Indeed, the dollar did plunge in value against several of the world&#8217;s currencies on Thursday.</p>
<p> Germany&#8217;s Finance Minister Wolfgang Schaeuble on Friday said the U.S. Federal Reserve&#8217;s move would undermine efforts to create a level playing field in the currency markets.</p>
<p> China Central Bank chief Zhou Xiaochuan said the U.S. should focus on reforming the international currency system. He argued that if the U.S. central banking policy is good for the U.S., but not good for the rest of the world that it might have a negative impact on the rest of the world.</p>
<p> The U.S. has criticized China for artificially keeping its currency devalued for many years to make its exports cheaper. But China made that move when its country had full employment and a budget surplus. The U.S. central bank is not buying U.S. Treasury bonds to deflate the value of the dollar abroad but rather to try to pour money into the American economy &#8211; which currently has a budget deficit &#8211; and to stimulate the weak economy to encourage American businesses to hire unemployed American workers at a time of continued high unemployment.</p>
<p> Germany also criticized the move because they said it would add to America&#8217;s deficit.</p>
<div>
    Article &#169; AHN &#8211; All Rights Reserved
</div>
<p>View full post on <a rel="nofollow" target="_blank" href="http://www.feedsyndicate.com/articles/7020448136">Economy, Business And Finance Stories</a></p>
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		<title>The International Finance Centre At Hong Kong</title>
		<link>http://ivimx.com/the-international-finance-centre-at-hong-kong/</link>
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		<pubDate>Fri, 05 Nov 2010 22:52:54 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[The International Finance Centre was completed and became operational in the year 2003. However, it is still the epicenter of all talks related to international business and investment. It has become one of the landmarks of the Hong King Islands that are known worldwide. It is situated in the midst of a jungle of skyscrapers [...]]]></description>
			<content:encoded><![CDATA[<p>The International Finance Centre was completed and became operational in the year 2003. However, it is still the epicenter of all talks related to international business and investment. It has become one of the landmarks of the Hong King Islands that are known worldwide. It is situated in the midst of a jungle of skyscrapers that have dominated every corner of the island. It seems to command a sense of respect from all those tall buildings. It is one of the most gruesome battle sites in the recent history of international corporations. At the time of writing this, the International Finance Centre is the 8th tallest office building in the entire world. It is often compared to the former World Trade Center in New York. It is a symbol of strength and potential of the new and emerging Asian markets. The tallest building in Hong Kong, it also has an international symbol of prestige for companies that have their offices in it. It stands out from the crowd and is one of the most recognized modern structures in entire Asia, outside the continent. To the modern world, the International Finance Centre is what the Great Wall used to be to China, a few centuries ago. The IFC is divided into two main buildings. They are called Tower One and Tower Two. Tower One is known for its signature shopping mall, while the other for its 88 storey&#8217;s. Tower One was completed and started prior to the second one going operational. It has around 40 floors and is no less magnificent than its taller counterpart. It is divided into 4 zones, and is built up on a total area of approximately 800,000 square feet. More than 5,000 people can occupy the building at an instance. The International Finance Centre was developed under a joint venture of Sun Hung Kai Properties and MTR Corporation. The IFC was created with the aim of exhibiting the financial prowess of Asia to the rest of the world. It is strategically placed; very close to the airport, to make it better accessible for international business tycoons. Tower Two of the IFC is as appealing as it is magnificent. It is the tallest feature of the complex and was designed by the world renowned architect Cesar Pelli. It was completed only in 2003; years after Tower One became operational. It has 88 floors, as the number 88 is considered to be very lucky in Chinese mythology. However, it is interesting to note that Tower Two does not have exactly 88 floors. This is due to some other superstitions in the local culture. A number of floors have been omitted while numbering. This is because many numbers, such as 14 and 24 are considered taboo, because they sound very much like some expressions related to death. The Tower Two of the International Finance Centre is known for its excellent and modern telecommunications facilities. A number of floors have been reserved for the use of the Hong Kong Monetary Authority. The floors of the building are designed in such an amazing manner that the columns are not visible at all. This tower is designed to accommodate three times more people than its counterpart. Together, both the towers can accommodate 20,000 people at one go.</p>
<div style="margin:5px;padding:5px;border:1px solid #c1c1c1;font-size: 10px;">
<div class="author-signature"> <strong>About Author</strong> <br /><a rel="nofollow" target="_blank" href="http://www.international-finance-centre.com">International Finance Centre</a> is an online resource for international and offshore finance news. If you wish to be the first to have the latest finance news from over the world, visit the given link. It is a newly launched web portal that deals with overseas finance.</div>
</div>
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		<title>Arab World Struggles to Translate Books Into Arabic</title>
		<link>http://ivimx.com/arab-world-struggles-to-translate-books-into-arabic/</link>
		<comments>http://ivimx.com/arab-world-struggles-to-translate-books-into-arabic/#comments</comments>
		<pubDate>Wed, 03 Nov 2010 17:28:16 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
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		<description><![CDATA[The Media Line Staff Cairo, Egypt (TML) &#8211; While Arab world was busy translating the Greek philosopher Aristotle into Arabic 1,000 years ago, Europe was trudging through the Dark Ages. But today, according to a United Nations study, it seems that the number of books translated annually into Arabic in all Arab countries combined was [...]]]></description>
			<content:encoded><![CDATA[<div>The Media Line Staff</div>
<p>Cairo, Egypt (TML) &#8211; While Arab world was busy translating the Greek philosopher Aristotle into Arabic 1,000 years ago, Europe was trudging through the Dark Ages.</p>
<p> But today, according to a United Nations study, it seems that the number of books translated annually into Arabic in all Arab countries combined was one-fifth the number translated into Greek in Greece. In fact, it found that in the past 1,000 years only about 10,000 books have been translated into Arabic &#8211; equivalent to the number of books translated in Spain each year.</p>
<p> In 2003, the last year in which a survey was taken, the UN found that just 330 books had been translated into Arabic in Arab countries that year. Now Arabic publishers are attempting to improve the situation and turn the tide by translating more books.</p>
<p> &#8220;The overall goal is to make the Arabic reader aware of what other cultures write,&#8221; said Nagwa Abdelmottaleb, the owner of Egypt&#8217;s Kalimat Arabia publishing house.</p>
<p> &#8220;This, over a long period of time, will make people better citizens, because they will be more informed of the world and so have the chance for a better society,&#8221; said Abdelmottaleb, who founded the house in 2007.</p>
<p> It is a monumental challenge. The Arab world suffers from under-development and a variety of social ills: repressive dictatorships, stratospheric unemployment, and increasingly-violent religious fundamentalism. Compounding this is the dearth of translated works, which limits the extent to which the global conversation seeps into the Arab world, hindering intellectual curiosity, access to knowledge, and development.</p>
<p> Others are taking steps to counter the trend, as well. The United Arab Emirates, for its part, hosts an annual international book fair, currently under way from October 26 to November 6. In 2008, Dubai launched its Tarjem initiative, which means &#8220;translate&#8221; in Arabic. Its stated goal is to translate itself 365 books a year into Arabic, more than doubling the amount of books translated in all of 2003.</p>
<p> There is also Kalima, a non-profit funded by the Abu Dhabi government which, since 2007, has published translations of works not previously translated into Arabic. It recently published a translation of a work by Galileo, the Italian renaissance scientist.</p>
<p> The Cairo-based Kalimat Arabia publishes 24 titles a year, everything from books on applied economics, to biographies of Thomas Jefferson and Gandhi, to children&#8217;s books.</p>
<p> But non-religious books are not in high-demand in the Arab world. A 2007 study by the Next Page Foundation, a Bulgaria-based NGO, showed that Egyptian readers mostly read the Koran. Other books are not generally produced in high volume and no uniform distribution network exists.</p>
<p> At first Kalimat Arabia published 2,000 copies each of its translated titles, Abdelmottaleb said. But the publishing house quickly realized the number was too high. It now prints its books solely at the request of book sellers, with 500 books as the minimum. Barack Obama&#8217;s 1995 memoir, Dreams of My Father, is its highest-selling title to date, selling 10,000 copies.</p>
<p> Egypt&#8217;s government-run National Center for Translation has translated 1,700 books into Arabic, said an official at the center.</p>
<p> &#8220;There are no obstacles to translation except finding good translators,&#8221; said Hani Tulba, the center&#8217;s deputy-director.</p>
<p> Abdelmottaleb said that while censorship did not impede Kalimat Arabia from publishing the books it wanted, religion and high costs remained challenges.</p>
<p> &#8220;If you are religious, you&#8217;re not going to translate other books because you feel that you don&#8217;t need them,&#8221; she said.</p>
<p> Many people in the Middle East do not have the disposable income to buy books, according to Abdelmottaleb. Translated books sell at a slightly higher price than books originally written in Arabic. The publishing house sells most of its books in Saudi Arabia and the Gulf States, where readers have more disposable income to spend on books.</p>
</p>
<p> But despite this, Kalimat Arabia would soldier on.</p>
<p> &#8220;We have a saying in Arabic,&#8221; Abdelmottaleb said. &#8220;Lighting a candle is better than complaining all the time.&#8221;</p>
</p>
<div>
    Article &#169; AHN &#8211; All Rights Reserved
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		<title>World Bank Starts Programs To Conserve Natural Resources, Save Endangered Species</title>
		<link>http://ivimx.com/world-bank-starts-programs-to-conserve-natural-resources-save-endangered-species/</link>
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		<pubDate>Thu, 28 Oct 2010 17:30:28 +0000</pubDate>
		<dc:creator>davidguide</dc:creator>
				<category><![CDATA[Auto Insurance]]></category>
		<category><![CDATA[agriculture climate]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Conserve]]></category>
		<category><![CDATA[Endangered]]></category>
		<category><![CDATA[global environment facility]]></category>
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		<category><![CDATA[robert b zoellick]]></category>
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		<description><![CDATA[Linda Young &#8211; AHN News Writer Nagoya, Japan (AHN) &#8211; Saying the world needs to work harder to save biodiversity and the Earth&#8217;s ecosystems, World Bank Group President Robert B. Zoellick on Thursday announced two programs to help in that effort. Zoellick made the announcements at the Conference of the Parties of the Convention on [...]]]></description>
			<content:encoded><![CDATA[<div>Linda Young &#8211; AHN News Writer</div>
<p>Nagoya, Japan (AHN) &#8211; Saying the world needs to work harder to save biodiversity and the Earth&#8217;s ecosystems, World Bank Group President Robert B. Zoellick on Thursday announced two programs to help in that effort.</p>
<p> Zoellick made the announcements at the Conference of the Parties of the Convention on Biological Diversity meeting in Nagoya, Japan. He said the World Bank would increase support of conservation of the world&#8217;s natural resources because poverty cannot be overcome without biodiversity supported by complex ecosystems.</p>
<p> &#8220;Productivity of the land and seas is diminishing, and with them the ecosystem services that are crucial for people to get out of poverty. The buffering capacity of our environment is dwindling as climate change accelerates. Endangered species are fading away forever before our very eyes,&#8221; Zoellick said.</p>
<p> &#8220;I want the World Bank Group to show what can be done. We will increase financing of ecosystem and biodiversity services through our projects in a wide range of sectors &#8212; including infrastructure, agriculture, climate change, and policy lending operations.&#8221;</p>
<p> In addition, Zoellick announced that the World Bank had partnered with the Global Environment Facility and the International Union for Conservation of Nature to establish the Save Our Species (SOS) initiative. The United States has committed more than $10 million in financing and now the partnership is calling on businesses to help build the largest global species conservation fund in history by 2015.</p>
<p> Thousands of animals and plants around the globe face extinction with species disappearing at a rate 1,000 times the historical norm, the World Bank said in a statement. SOS grants will focus on saving specific threatened species and their habitats by coordinating different partners. The grants also give businesses a way to help meet their sustainable development goals while helping to save Earth&#8217;s natural environment.</p>
<p> &#8220;Species extinction is a global phenomenon that will take global understanding, global efforts and global resources to overcome,&#8221; Zoellick said. &#8220;Our new partners from the private sector are showing a leadership role in the effort to address this crisis and we hope their efforts will inspire other companies, foundations, individuals and governments to join us.&#8221;</p>
<p> &#8220;Threatened species are the canaries in the global coal mine. If we can make Earth habitable to them, our societies will also thrive,&#8221; said Monique Barbet, the CEO and chairperson of the Global Environment Facility. &#8220;So far, the private sector has been the missing link, but the SOS Fund is providing the right opportunity for business to act decisively on this agenda while attending to their corporate bottom line.&#8221;</p>
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