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		<title>Arabianbusiness.com - Ahmad Hamad Algosaibi & Bros</title>
		<description>ArabianBusiness.com - Business and Industry News coverage of the Middle East including Stock Markets, Events, Video and Audio.</description>
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		<pubDate>Sun, 22 Nov 2009 09:31:09 +0400</pubDate>
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			<title>UAE banks' Saad, Algosaibi exposure seen at $2.9bn</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=573984&amp;Itemid=1</link>
			<description><![CDATA[At least 13 UAE babnks, seven foreign banks affected, says central bank.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Big Kuwait, Bahrain banks Q3 profits sag on Saudi loans</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571558&amp;Itemid=1</link>
			<description><![CDATA[Kuwait's Gulf Bank says it expects its bad loans will weigh on company profits up to mid-2010. ]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Doubts persist after Saudi banks book more provisions</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571445&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 2: Banks have yet to disclose exposure to troubled local groups Saad and AHAB.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Saudi Investment Bank Q3 net profit triples</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=570274&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 1: Upbeat numbers come despite 2 ratings downgrades issued back in June.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Arab Nat'l Bank Q3 profit inches up</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=570260&amp;Itemid=1</link>
			<description><![CDATA[Saudi bank does not indicate any bad provisions linked to troubled Saad, Algogsaibi groups.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Mashreqbank files UAE court case against Algosaibi</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=570176&amp;Itemid=1</link>
			<description><![CDATA[Dubai-based bank wants to claim $398m owed by the troubled Saudi group.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Banque Saudi Fransi Q3 profit down 1.9%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=569990&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 2: Fall due to decline in management fee and trading ops income exceeding increase in deposits.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Saudi banks profits 6.2% in Jul-Aug - cbank</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=569483&amp;Itemid=1</link>
			<description><![CDATA[SAMA data shows cumulative profit of 8.25bn riyals in Q1, 7.92 bn in Q2.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Mashreqbank’s US lawsuit based on forgery - Algosaibi</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=569220&amp;Itemid=1</link>
			<description><![CDATA[Saudi group says Dubai bank's suit in US over $200m in forex deals should be thrown out.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Banks to provide details of Saudi exposure</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568958&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 2: UAE bourses direct banks to detail exposure and provisions for Saad, Algosaibi.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Dubai regulator says Saad unit licence may be withdrawn</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568891&amp;Itemid=1</link>
			<description><![CDATA[Unit's affliate, LA Investments, already placed into liquidation in UK by authorities.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>'No concern' over UAE banks' exposure to Saad, Algosaibi</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568867&amp;Itemid=1</link>
			<description><![CDATA[Mashreq chief says banks have capital strength to cover exposure to firms.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Saudi central bank says Saad in local debt deal</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568775&amp;Itemid=1</link>
			<description><![CDATA[WRAPUP 1: Banks agree to a 15% haircut on outstanding debts as part of accord.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Deutsche Bank, Algosaibi unit battle it out in NY court</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568389&amp;Itemid=1</link>
			<description><![CDATA[Allegation that foreign exchange swap not completed, judge set to rule by Dec. 9.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>NBK cuts fair value estimates on 4 Saudi banks</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568388&amp;Itemid=1</link>
			<description><![CDATA[Downgrade in response to fears of weakening asset quality in banking sector.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Saad says no documents found after police request</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568298&amp;Itemid=1</link>
			<description><![CDATA[Papers were sought from Saad Swiss unit regarding transactions with Algosaibi.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>What’s in a name?</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=567378&amp;Itemid=1</link>
			<description><![CDATA[Fraud cases can destroy reputations of people & firms; but may also spell the end of name-lending, says Damian Reilly.]]></description>
			<category>Banking &amp; Finance | Comment</category>
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			<title>Saudi Algosaibi sues Mashreq in US over Saad deals</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=565787&amp;Itemid=1</link>
			<description><![CDATA[Dubai bank alleged to be ''wilfully blind'' to deals that helped lead Algosaibi into default. ]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Bahrain names administrators for Awal Bank, TIBC </title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=564268&amp;Itemid=1</link>
			<description><![CDATA[Central bank appoints two law firms to oversee units of troubled Saudi firms Saad and Algosaibi.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>S&amp;amp;P cuts TIBC to default status </title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563848&amp;Itemid=1</link>
			<description><![CDATA[Ratings downgrade for bank in response to Bahrain central bank’s appointment of administrator.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Arab Bank says H1 profit down 26%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563846&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 2: Jordan bank says exposure to Saudi's Saad and Algosaibi will not impact financial position.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Family feuds</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563596&amp;Itemid=1</link>
			<description><![CDATA[As two of the region’s most prominent family firms prepare to battle it out in a New York court, Claire Ferris-Lay examines what this will mean for family-owned companies in the Gulf.]]></description>
			<category>Banking &amp; Finance | Features</category>
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			<title>Gulf Bank makes Q2 loss after H1 Saudi provisions</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563602&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 2: Analyst expects performance of Kuwait-based bank to improve in H2.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>NBAD Q2 net profit falls 9.3%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563184&amp;Itemid=1</link>
			<description><![CDATA[Bank confirms relatively minor exposure to troubled Saudi conglomerates Algosaibi and Saad.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Banks seen raising provisions on Saudi groups - NCB</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563088&amp;Itemid=1</link>
			<description><![CDATA[Saad and Algosaibi debt restructurings continuing to impact, but not seen as threatening.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Saudi credit crisis</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562598&amp;Itemid=1</link>
			<description><![CDATA[Two leading Saudi conglomerates are at the centre of a credit crisis, possibly amounting to $10 billion in debt to be restructured.]]></description>
			<category>Banking &amp; Finance | Interviews</category>
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			<title>Qatar National sees limited exposure to Algosaibi - paper</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562997&amp;Itemid=1</link>
			<description><![CDATA[Qatari newspaper cites comments from bank's exec GM, Ali Ahmed al-Kuwari.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Algosaibi says vice president has not been fired</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562831&amp;Itemid=1</link>
			<description><![CDATA[Saudi AHAB refutes claims it fired a senior official for comments he made to a newspaper.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Al Sanea case is 'catalyst for change' – DIFC economist</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562810&amp;Itemid=1</link>
			<description><![CDATA[Nasser Saidi says dispute crisis could force transparency in family businesses.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UAE central bank tells its banks to lift provisions sharply</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562797&amp;Itemid=1</link>
			<description><![CDATA[UAE cenbank directs banks to provide up to 75% against their exposure to troubled Saudi firms. ]]></description>
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