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		<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 07:12:16 +0400</pubDate>
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			<title>GCC helping to lead global economic recovery</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=573990&amp;Itemid=1</link>
			<description><![CDATA[HSBC economists say emerging markets lead growth, while the West struggles in short term.]]></description>
			<category>Politics &amp; Economics | News</category>
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			<title>GCC urged to form alliances to beat downturn</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=573852&amp;Itemid=1</link>
			<description><![CDATA[HSBC's chief economist says move would sharpen competitive edge amid crisis.]]></description>
			<category>Politics &amp; Economics | News</category>
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			<title>HSBC chief sees start of Mideast recovery</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571694&amp;Itemid=1</link>
			<description><![CDATA[Bank's regional chief executive Simon Cooper adds that he does not expect rapid economic rebound.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>HSBC delays debit cards for customers till year end</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571373&amp;Itemid=1</link>
			<description><![CDATA[Bank declines to say why its 400,000 customers have to wait to get a debit card.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Business confidence in GCC rallies in Q3 to year high</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571183&amp;Itemid=1</link>
			<description><![CDATA[New HSBC survey sees confidence levels at highest in region since Oct 2008.]]></description>
			<category>Politics &amp; Economics | News</category>
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			<title>HSBC sees GCC energy project financing halve</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=570999&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 1: Bank chief says loans in region fall as banks steer away from lending.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Rothschild busiest in Mideast M&amp;amp;A - study</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=568894&amp;Itemid=1</link>
			<description><![CDATA[Investment bank still expects Mideast to be one of the fastest growing regions for deals, longer term.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Fresh appetite for Gulf IPOs seen after Ramadan</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=566532&amp;Itemid=1</link>
			<description><![CDATA[Investors seen more willing to support region's companies after market drought.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>HSBC UAE lays off 90 employees - report</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=564544&amp;Itemid=1</link>
			<description><![CDATA[Junior and middle management bear brunt of redundancies, according to sources close to bank.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>HSBC Mideast sees H1 profits fall 35%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=563743&amp;Itemid=1</link>
			<description><![CDATA[Profits slump at Mideast unit of UK banking giant reflects surging loan impairment charges across the region.]]></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 Electricity seeks bidders for Riyadh project</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=561646&amp;Itemid=1</link>
			<description><![CDATA[Power plant project is expected to start first phase of operation by 2012. ]]></description>
			<category>Energy | News</category>
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			<title>Middle East top financial destination for expats</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559918&amp;Itemid=1</link>
			<description><![CDATA[Qatar, Saudi Arabia and UAE named best locations for expats to earn and save money.]]></description>
			<category>Culture &amp; Society | News</category>
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			<title>Oman's NBO says exposed to troubled Saudi groups</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559562&amp;Itemid=1</link>
			<description><![CDATA[Oman’s second largest bank admits $17m exposure to Saad and Algosaibi groups.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Dubai's Deyaar eyes overseas expansion to diversify</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559552&amp;Itemid=1</link>
			<description><![CDATA[CEO of real estate firm says it is looking at opportunities in six to seven countries.]]></description>
			<category>Real Estate | News</category>
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			<title>Gulf business confidence higher in Q2 - HSBC</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559468&amp;Itemid=1</link>
			<description><![CDATA[Still, report says one in three think global recession will last at least two more years.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Kuwait's Global hikes capital amid financial crisis</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=558924&amp;Itemid=1</link>
			<description><![CDATA[Generating fee income, rather than conducting fire sales, is major aim as firm restructures.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UAE tops HSBC index for trade confidence</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=558758&amp;Itemid=1</link>
			<description><![CDATA[Import, export traders see Middle East as offering best short-term growth prospects - survey.]]></description>
			<category>Politics &amp; Economics | News</category>
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			<title>HSBC sees 'rapid increase' in customer 'skips'</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=558327&amp;Itemid=1</link>
			<description><![CDATA[Major international banks try softly, softly approach in bid to reduce absconders.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>HSBC sees UAE property prices rise in April, May</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=557241&amp;Itemid=1</link>
			<description><![CDATA[Agreed prices in Dubai, Abu Dhabi show 4% gain in April, 5% in May - new report.]]></description>
			<category>Real Estate | News</category>
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			<title>Global Investment House posts FY loss</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=553767&amp;Itemid=1</link>
			<description><![CDATA[Focus on fee generating businesses as the troubled Kuwaiti investment bank swings to a full year loss.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Dolphin Energy ponders bond sale</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=552659&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi-led gas venture may tap international investors to help refinance multi-billion dollar loans.]]></description>
			<category>Energy | News</category>
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			<title>HSBC sees increase in UAE loan defaults</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=551065&amp;Itemid=1</link>
			<description><![CDATA[EXCLUSIVE: Bank says it is reviewing amount of provision put aside in Q4 08 and Q1 09 for potential losses.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Fall in Gulf business confidence slows in Q1 - survey</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550702&amp;Itemid=1</link>
			<description><![CDATA[HSBC index shows no recovery from 2008 slump but decline is stabilising in region.]]></description>
			<category>Politics &amp; Economics | News</category>
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			<title>HSBC cuts credit card limits by up to 40%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550010&amp;Itemid=1</link>
			<description><![CDATA[Bank tightens lending to customers after reviewing card usage payment patterns as crunch deepens in UAE.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Moody's mulls possible HSBC ratings downgrade</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=549988&amp;Itemid=1</link>
			<description><![CDATA[Rating agency puts bank's Mideast operation on review amid 'profitability pressures'.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>HSBC set for £12.6bn cash call </title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=548193&amp;Itemid=1</link>
			<description><![CDATA[UK bank, in which Dubai International Capital and Saudi's Saad are major shareholders, set for huge rights issue.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>US $75bn projects under pressure in UAE</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=545835&amp;Itemid=1</link>
			<description><![CDATA[The value of construction contracts delayed or cancelled in the UAE has hit US $75 billion (AED275 billion) according to a report released last week by HSBC Global Research.]]></description>
			<category>Construction &amp; Industry | News</category>
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			<title>Sharp decline in Gulf business confidence - survey</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=544256&amp;Itemid=1</link>
			<description><![CDATA[Confidence fell from 99.8 to 70.3 in the last three months across six Gulf states.]]></description>
			<category>Politics &amp; Economics | News</category>
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			<title>Banks hike salary limits for car loans</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543565&amp;Itemid=1</link>
			<description><![CDATA[HSBC, Doha Bank and the Commercial Bank of Qatar introduce stricter rules for securing car loans.   ]]></description>
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