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    <title>Saudi scores in business confidence over UAE</title>
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    <pubDate>Sat, 07 Nov 2009 11:10:14 +0400</pubDate>
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        US-based research and polling firm Zogby International has released a survey of business confidence in the Gulf revealing that senior executives in the UAE are much less confident about their economic prospects than their counterparts in Saudi Arabia, Khaleej Times has reported. The findings were based on interviews with 126 chief executives and other senior managers in the UAE, Saudi Arabia and Qatar &mdash; during October 22 and 23. From 47 respondents in the UAE, 15% said their businesses were flourishing while 57% said their businesses were in decline, while among 67 Saudi respondents, 46% said they were prospering, and only 15% said they were in decline.
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    <title>ADX ends week on slow fall</title>
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    <pubDate>Thu, 05 Nov 2009 17:01:32 +0400</pubDate>
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        The Abu Dhabi Securities Exchange (ADX) ended the day down by 1.04% after slow losses throughout the day, closing at 2,920.14. Abu Dhabi National Hotels posted the biggest rise, going up by 4.40% to Dhs4.67. Four stocks rose, three held steady and 28 fell. 
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    <title>DFM ends down</title>
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    <pubDate>Thu, 05 Nov 2009 16:50:19 +0400</pubDate>
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        The Dubai Financial Market (DFM) ended the day slightly lower, going down by 1.88% to 2,097.63. Five stocks rose, 25 fell and two held steady. KFIC posted the day's biggest rise, moving up 14.91% to Dhs4.47. Emirates also announced its half yearly financial results for the period ended on 30/09/2009, as EK2013 bonds listed in the market.
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    <title>Jordan extends deposit guarantees</title>
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    <pubDate>Thu, 05 Nov 2009 11:26:29 +0400</pubDate>
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        Jordanian Prime Minister Nader Dahabi has announced the extension of last years' guarantee of private commercial deposits in the kingdom's banks until end of 2010, to shore up confidence in the banking system, Reuters has reported. The move aims to mitigate the global downturn's impact on the aid-dependent economy. The country's 23 commercial banks have had minimal exposure to Western markets, and a strong supervisory system run by an independent central bank has limited their currency, property and stock market exposure.
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    <title>Qatar to lower foreign tax rate</title>
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    <pubDate>Thu, 05 Nov 2009 11:22:44 +0400</pubDate>
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        Qatar's finance minister has announced a new tax law that will lower the tax rate on foreign companies to a flat 10% starting next year, Bloomberg has reported. Foreign-owned firms operating in Qatar are currently taxed at a progressive rate ranging from 10% to 35%. Qatar expects its economy to grow by 16% in 2010.
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