<?xml version="1.0" encoding="utf-8"?>
<!-- generator="ArabianBusiness.com" -->
<rss version="2.0">
	<channel>
		<title>Arabianbusiness.com - EFG-Hermes</title>
		<description>ArabianBusiness.com - Business and Industry News coverage of the Middle East including Stock Markets, Events, Video and Audio.</description>
		<link>http://www.arabianbusiness.com/</link>
		<lastBuildDate>Sun, 22 Nov 2009 06:27:29 +0000</lastBuildDate>
		<generator>ArabianBusiness.com</generator>
		<image>
			<url>http://www.arabianbusiness.com/pictures/furniture/logo_arabianbusiness_rss.gif</url>
			<title>Arabianbusiness.com</title>
			<link>http://www.arabianbusiness.com/</link>
			<width>144</width>
			<height>16</height>
		</image>
		<language>en-gb</language>
		<copyright>ITP Digital Ltd. 2007</copyright>
		<webMaster>webmaster@arabianbusiness.com</webMaster>
		<pubDate>Sun, 22 Nov 2009 10:27:29 +0400</pubDate>
		<item>
			<title>Gulf economy to grow 6.2% in 2010 - EFG Hermes</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=573384&amp;Itemid=1</link>
			<description><![CDATA[Investment firm sees positive GDP growth on higher oil prices, production levels.]]></description>
			<category>Politics &amp; Economics | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=573384&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Egypt PM sees turnaround, seeks 7% growth</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571773&amp;Itemid=1</link>
			<description><![CDATA[Ahmed Nazif says signs the worst effects of world financial crisis have passed.]]></description>
			<category>Politics &amp; Economics | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571773&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Saudi house prices set to rise over next two years</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571215&amp;Itemid=1</link>
			<description><![CDATA[Demand set to rise amid growing population and recovering economy - EFG Hermes.]]></description>
			<category>Real Estate | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571215&amp;Itemid=1</guid>
		</item>
		<item>
			<title>EFG-Hermes sees value in Middle East banks</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=569762&amp;Itemid=1</link>
			<description><![CDATA[UAE banking sector has seen sharp asset price deflation, but is in better shape than feared.  ]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=569762&amp;Itemid=1</guid>
		</item>
		<item>
			<title>No Dubai house price recovery seen until H2 2010</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=567916&amp;Itemid=1</link>
			<description><![CDATA[EFG Hermes says demand is focused in rental market, buyer confidence still weak.]]></description>
			<category>Real Estate | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=567916&amp;Itemid=1</guid>
		</item>
		<item>
			<title>UAE, Qatar to see negative inflation in '09 - EFG Hermes</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=566145&amp;Itemid=1</link>
			<description><![CDATA[Investment bank also sees inflation rates slowing sharply in Saudi Arabia and Kuwait. ]]></description>
			<category>Politics &amp; Economics | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=566145&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Saudi Arabia to post ‘small’ fiscal surplus this year – broker</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=564267&amp;Itemid=1</link>
			<description><![CDATA[EFG-Hermes forecast based on strengthening oil prices positively impacting state revenues.]]></description>
			<category>Energy | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=564267&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Kuwait's KFH sees Q2 profits hit by provisions</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562510&amp;Itemid=1</link>
			<description><![CDATA[Gulf's 2nd largest Islamic lender does not reveal level or purpose of provisions.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=562510&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Actis to pay $244m for 9.3% of Egypt's Comml Int'l Bank</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=561435&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 4: Stake purchase sees private equity group emerge as largest investor.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=561435&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Egypt's central bank sanctions half-point interest rate cuts</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559424&amp;Itemid=1</link>
			<description><![CDATA[Rate cut comes after finance minister warned last month that growth will slow.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559424&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Money on the move</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559277&amp;Itemid=1</link>
			<description><![CDATA[Liquidity is improving in the region, as Gulf economies emerge from the shadow of the cashflow crunch. ]]></description>
			<category>Banking &amp; Finance | Features</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559277&amp;Itemid=1</guid>
		</item>
		<item>
			<title>SAMA struggles to spur credit amid crisis</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559206&amp;Itemid=1</link>
			<description><![CDATA[Saudi moves to stave off bank lending crisis by rate cutting unlikely to be enough.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=559206&amp;Itemid=1</guid>
		</item>
		<item>
			<title>It’s an offshore thing</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=557021&amp;Itemid=1</link>
			<description><![CDATA[A growing number of homebound expats from the Gulf are looking to leave their money offshore. ]]></description>
			<category>Banking &amp; Finance | Features</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=557021&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Kuwait ruler to select new PM</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=556048&amp;Itemid=1</link>
			<description><![CDATA[Consultations held on Monday to select new PM unlikely to improve investment climate, say analysts.]]></description>
			<category>Politics &amp; Economics | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=556048&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Qatar shares seen as 'overbought' </title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=555922&amp;Itemid=1</link>
			<description><![CDATA[Analyst says market poised to decline as relative strength hits highest level in 18 months.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=555922&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Dubai property recovery 'could be late 2011' - report</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=555540&amp;Itemid=1</link>
			<description><![CDATA[Analysts at EFG Hermes say new UAE home ownership law might subdue market further.]]></description>
			<category>Real Estate | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=555540&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Egyptian mobile phone growth to slow - analyst</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=555307&amp;Itemid=1</link>
			<description><![CDATA[Growth in subscriber numbers to be hit this year as market approaches saturation.]]></description>
			<category>Technology | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=555307&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Swine flu pandemic may hit UAE, Oman economies</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=554204&amp;Itemid=1</link>
			<description><![CDATA[Confirmation of virus  in region would weigh on the GCC's tourism sector - EFG.]]></description>
			<category>Travel &amp; Hospitality | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=554204&amp;Itemid=1</guid>
		</item>
		<item>
			<title>UAE stock market rally will 'not last' - analysts </title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=552294&amp;Itemid=1</link>
			<description><![CDATA[Current upturn will last 2 months, short-term buying oportunities in banking sector.  ]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=552294&amp;Itemid=1</guid>
		</item>
		<item>
			<title>The loan danger</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=552101&amp;Itemid=1</link>
			<description><![CDATA[As the credit crunch takes its toll, banks & property cos are increasingly concerned they may be left with toxic debt.]]></description>
			<category>Banking &amp; Finance | Features</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=552101&amp;Itemid=1</guid>
		</item>
		<item>
			<title>UAE faces 2% deflation following sharp fall in rents </title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550939&amp;Itemid=1</link>
			<description><![CDATA[EFG predicts population will fall by 5.5%, 2009, as economy contracts 1.7%.]]></description>
			<category>Politics &amp; Economics | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550939&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Dubai index declines after six-day rally</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550595&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 6: Emaar Properties, Dubai Islamic Bank lead drop as most Gulf exchanges fall. ]]></description>
			<category>Financial Markets | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550595&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Dubai rental prices to fall 30% - EFG Hermes</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=549169&amp;Itemid=1</link>
			<description><![CDATA[Rental falls will be matched by a drop in inflation to 8.5%, down from 13.2%. ]]></description>
			<category>Real Estate | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=549169&amp;Itemid=1</guid>
		</item>
		<item>
			<title>UAE liquidity boosts 'unlikely to relax lending rules'</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=549029&amp;Itemid=1</link>
			<description><![CDATA[Deteriorating economic outlook is keeping credit controls tight - EFG Hermes analysts ]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=549029&amp;Itemid=1</guid>
		</item>
		<item>
			<title>EFG Hermes announces 28% fall in profits</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=548721&amp;Itemid=1</link>
			<description><![CDATA[Investment bank says it has cut staff numbers as result of global economic slowdown.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=548721&amp;Itemid=1</guid>
		</item>
		<item>
			<title>What a difference a week makes</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=548038&amp;Itemid=1</link>
			<description><![CDATA[The creditworthiness of  Dubai Inc has been reaffirmed by the support of the federal government, says  Andrew White.]]></description>
			<category>Banking &amp; Finance | Comment</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=548038&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Crunch time</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543703&amp;Itemid=1</link>
			<description><![CDATA[Many analysts predicted a loosening of credit restrictions in the first quarter of 2009 but that relief has yet to come.]]></description>
			<category>Banking &amp; Finance | Features</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543703&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Analysts expect new gov't cash boost for banks</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543409&amp;Itemid=1</link>
			<description><![CDATA[Experts say officials will top up UAE $32.6bn emergency lending amid credit crunch.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543409&amp;Itemid=1</guid>
		</item>
		<item>
			<title>EFG Hermes slashes 2009 growth rate for UAE</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543311&amp;Itemid=1</link>
			<description><![CDATA[Investment bank predicts GDP growth at -0.04%, while Qatar could grow by 9%.]]></description>
			<category>Politics &amp; Economics | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543311&amp;Itemid=1</guid>
		</item>
		<item>
			<title>Credit woes to continue, says senior Middle East trader</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=542280&amp;Itemid=1</link>
			<description><![CDATA[Banks in the Gulf set to continue to tighten lending rules during 2009 - EFG Hermes.]]></description>
			<category>Banking &amp; Finance | News</category>
			<guid>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=542280&amp;Itemid=1</guid>
		</item>
	</channel>
</rss>
