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		<title>Arabianbusiness.com - First Gulf Bank</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>Fri, 27 Nov 2009 20:18:58 +0400</pubDate>
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			<title>First Gulf Bank has at least $1.4bn Dubai exposure</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=574675&amp;Itemid=1</link>
			<description><![CDATA['We have an exposure to Nakheel's bonds', an FGB executive tells Reuters.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UAE's First Gulf Bank sets guidance for $500m bond</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=573872&amp;Itemid=1</link>
			<description><![CDATA[Guidance set at 250 bps-275 bps over midswaps; deal to close on Thursday.]]></description>
			<category>Financial Markets | News</category>
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			<title>Abu Dhabi banks beat Q3 profit forecasts</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=571255&amp;Itemid=1</link>
			<description><![CDATA[First Gulf Bank and Union National Bank both report higher than expected earnings.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<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>
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			<title>First Gulf Bank posts 11% increase in profits Q109</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=553764&amp;Itemid=1</link>
			<description><![CDATA[95% of net profit generated by core banking business, bank says in statement.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UAE bank profits forecast to plummet by 50% Q109</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=553741&amp;Itemid=1</link>
			<description><![CDATA[HC Brokerage predicts 52.8% year-on-year profit decline for 8 largest banks.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<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>
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			<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>
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			<title>Al Ghurair Group seals loan facility</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=552069&amp;Itemid=1</link>
			<description><![CDATA[Syndicated loan facility to be used to fund further expansion of Dubai’s mixed use Al Ghurair City.]]></description>
			<category>Islamic Finance | News</category>
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			<title>First Gulf Bank to convert $1.23bn to capital</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=550952&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi's bank gets AED4.5bn from finance ministry to convert into Tier 2 capital.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UAE's First Gulf to reduce foreign share ownership</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=548021&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi-based bank lowers foreign ownership limit on its shares by 0.5-15%.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UBS cuts its price target on First Gulf Bank</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=547385&amp;Itemid=1</link>
			<description><![CDATA[Swiss investment bank cites Abu Dhabi bank's high exposure to property sector.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>First Gulf bought back 200,000 shares on Thurs</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=546761&amp;Itemid=1</link>
			<description><![CDATA[Abu-Dhabi-based bank says it has bought back shares at 7.8 dirhams ($2.12) per share.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Lending restrictions expected to be eased in Abu Dhabi</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=545930&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi's five largest banks are expected to ease lending restrictions to investors this week.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>First Gulf completes deal to buy 1.04m shares</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=545800&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi based bank purchases shares under buyback scheme at $2.08 per share.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Five Abu Dhabi banks to borrow $4.4bn from state</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=545722&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 2: Move comes as UAE banks post weaker than expected Q4 profits. ]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>First Gulf's Q4 profits rise 8%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=544887&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi bank also sees 50% increase in full-year profits amid global banking meltdown.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>First Gulf Bank buys back 1.28mn shares at $1.92</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=544418&amp;Itemid=1</link>
			<description><![CDATA[Fresh move takes Gulf bank’s total buyout to eleven million shares to date.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Bank ratings cut on loan concerns</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=544380&amp;Itemid=1</link>
			<description><![CDATA[Analyst voices worries over loan books at Abu Dhabi Commercial Bank, First Gulf Bank in research note.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>First Gulf Bank buys back 1.53mn shares</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=543301&amp;Itemid=1</link>
			<description><![CDATA[The Abu Dhabi bank says it has purchased shares at 9.51 dirhams ($2.59) after they fell 2.55% on Sunday. ]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>UAE's First Gulf Bank caps foreign ownership at 15%</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=542367&amp;Itemid=1</link>
			<description><![CDATA[Move to reduce limit from 30% follows a more than 50% decline in bank's share price.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>First Gulf to ponder foreign ownership rules</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=542032&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi-based bank says its board will discuss changes at Dec 30 meeting.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>First Gulf cuts 'scores of jobs'</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=541696&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi bank looking to trim costs amid financial turmoil, cuts relate to outsourced people, exec says.]]></description>
			<category>Banking &amp; Finance | News</category>
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			<title>Moody's downgrades outlooks for UAE banks</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=541198&amp;Itemid=1</link>
			<description><![CDATA[Investors services agency takes action amid mounting liquidity pressures in economy.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>First Gulf in share buyback</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=538845&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi lender initiating buyback of 10% of its shares, which have fallen more than 40% this year.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>First Gulf Bank posts 68% jump in Q3 net profit</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=535398&amp;Itemid=1</link>
			<description><![CDATA[Abu Dhabi-based bank exceeds forecasts as it announces $231mn profit level.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>Small gains, losses across Gulf markets</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=535089&amp;Itemid=1</link>
			<description><![CDATA[UPDATE 5: UAE markets end higher with Emaar Properties, First Gulf Bank leading way with big gains.]]></description>
			<category>Financial Markets | News</category>
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			<title>Lehman exposure limited - UAE banks</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=531283&amp;Itemid=1</link>
			<description><![CDATA[Three of Gulf state's largest lenders say they have limited or no exposure to financial turmoil.]]></description>
			<category>Banking &amp; Finance | News</category>
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		<item>
			<title>Dubai, Kuwait buck shares slump in Gulf region</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=529906&amp;Itemid=1</link>
			<description><![CDATA[Saudi slips for the third day running as selling pressure from foreigners hit bourses.]]></description>
			<category>Financial Markets | News</category>
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			<title>Gulf banks 'over-exposed to real estate'</title>
			<link>http://www.arabianbusiness.com/index.php?option=com_content&amp;view=article&amp;id=529834&amp;Itemid=1</link>
			<description><![CDATA[HSBC cuts price targets on major banks in the UAE amid concerns over portfolios.]]></description>
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