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    <copyright>Copyright  MSN Arabia 2009</copyright>
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<item>
  <title><![CDATA[ El Sewedy Cables: Increasing bank loans to cover working capital requirements]]></title>
  <description><![CDATA[ El Sewedy Cables’ (SWDY) management said in a conference call which was held to discuss 3Q09 financial results that contracting works witnessed a normal reversion after booking delayed deliveries in 2Q09.]]></description>
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  <date>11/24/2009 4:33:32 PM</date>



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  <title><![CDATA[ HC Research cuts price target on  Mobinil]]></title>
  <description><![CDATA[ HC Research cut its price target on Egyptian mobile operator Mobinil (EMOB) to reflect stronger competition. ]]></description>
  <Image></Image> 
  <date>11/24/2009 3:54:20 PM</date>



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  <title><![CDATA[ 14 Dec, Listing International Agricultural Products shares of capital increase]]></title>
  <description><![CDATA[ The listing committee held on 24/11/2009 approved the following, regarding International Agricultural Products.]]></description>
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  <date>11/24/2009 3:54:08 PM</date>



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  <title><![CDATA[ Deutsche converts $30 m into GFH shares]]></title>
  <description><![CDATA[ German lender Deutsche Bank AG has converted a third of its $100 million convertible murabaha into shares of Gulf Finance House (GFH), the Bahrain-based Islamic investment house said on Tuesday. ]]></description>
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  <date>11/24/2009 3:38:04 PM</date>



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  <title><![CDATA[ Nomura ups Kuwait's Zain to neutral]]></title>
  <description><![CDATA[ Nomura upgraded Kuwait's mobile telecommunications operator Zain to "neutral" from "reduce" and said the company should perform better next year.]]></description>
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  <date>11/24/2009 3:37:57 PM</date>



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  <title><![CDATA[ Dubai's Abraaj to buy Riyada as part of expansion....]]></title>
  <description><![CDATA[ Abraaj Capital, the Middle East's largest private equity company, said on Tuesday it would acquire Riyada Ventures as part of a push into the small- to medium-sized enterprise segment.]]></description>
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  <date>11/24/2009 3:37:49 PM</date>



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  <title><![CDATA[ NCB Capital raises Saudi Yamama Cement target]]></title>
  <description><![CDATA[ NCB Capital raised its price target on Yamama Cement Co, and said Saudi Arabia's third largest cement producer is set to benefit from strong construction activities in the Central region, particularly Riyadh.]]></description>
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  <date>11/24/2009 3:22:18 PM</date>



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  <title><![CDATA[ Dubai's Abraaj to buy Riyada as part of expansion]]></title>
  <description><![CDATA[ Abraaj Capital, the Middle East's largest private equity company, said on Tuesday it would acquire Riyada Ventures as part of a push into the small- to medium-sized enterprise segment.]]></description>
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  <date>11/24/2009 3:22:10 PM</date>



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  <title><![CDATA[ Rabigh power bidders ask Saudi's SEC for more time]]></title>
  <description><![CDATA[ Bidders for the contract to build the Rabigh power station for Saudi Electricity Co (SEC) have asked for more time to prepare proposals, sources at contracting firms said on Tuesday.]]></description>
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  <date>11/24/2009 3:05:57 PM</date>



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  <title><![CDATA[ Union Properties says in talks to sell Emicool stake]]></title>
  <description><![CDATA[ Dubai developer Union Properties is in talks with two investors to sell its 50 percent stake in Emirates District Cooling (Emicool), Union's vice chairman said on Tuesday.]]></description>
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  <date>11/24/2009 3:05:49 PM</date>



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  <title><![CDATA[ Shell delays Qatargas 4 LNG plant by a year]]></title>
  <description><![CDATA[ Royal Dutch Shell said it had delayed one of its largest schemes by around a year with start-up for the $8 billion Qatargas 4 liquefied natural gas project now planned for late 2010 and the first cargo possibly pushed into 2011.]]></description>
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  <date>11/24/2009 3:05:41 PM</date>



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  <title><![CDATA[ CI Capital: Cairo Poultry is capable of facing fodder prices increase]]></title>
  <description><![CDATA[ Al-Gomhoreya newspaper noted that, fodder prices have witnessed a 35% price increase, versus beginning of current year, due to the rising demand and shortage in supply. Market sources affirmed that prices of fodder inputs, namely, fava bean, Soybean, cotto]]></description>
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  <date>11/24/2009 2:19:36 PM</date>



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  <title><![CDATA[ Citadel Capital in first purchase since 2007, forms waste unit]]></title>
  <description><![CDATA[ Citadel Capital, a private equity firm with $8.3 billion in investments, made its first acquisition since August 2007 to set up a company to manage solid and agricultural waste in Egypt, Chairman Ahmed Heikal said.]]></description>
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  <date>11/24/2009 1:36:49 PM</date>



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  <title><![CDATA[ CI Capital says OCI potential expansion in India positive]]></title>
  <description><![CDATA[ CI Capital described Orascom Construction Industries (OCIC) consideration to bid for Brazilian COPEBAS and fertilizer licenses to in India as positive although not quantified. The brokerage believed that because most of the increase in fertilizers demand 2010 onwards will be coming from Asia.]]></description>
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  <date>11/24/2009 12:22:01 PM</date>



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  <title><![CDATA[ HC Research cuts GB Auto price target to L.E 28.7....]]></title>
  <description><![CDATA[ Hc research cuts GB Auto (AUTO) price target by 7 percent to L.E 28.7. The brokerage recommended Hold on share of largest Arab cable maker by market value.]]></description>
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  <date>11/24/2009 12:21:53 PM</date>



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  <title><![CDATA[ Pioneers seeks increasing stake in El Kahera Housing to 20 %]]></title>
  <description><![CDATA[ El Kahera Housing - (ELKA) announced in a statement that Pioneers Holding (PIOH), which owns 15.62 % of its capital, submitted a request to increase its stake in El Kahera Housing to 20 % of the company’s capital.]]></description>
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  <date>11/24/2009 12:21:46 PM</date>



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  <title><![CDATA[ CI Capital upgrades Canal Shipping Agencies target price to LE 10.1]]></title>
  <description><![CDATA[ CI Capital upgraded, in a recent study, Canal Shipping Agencies - (CSAG) target price to LE 10.1/share; reflecting its speculative nature, but maintained SELL recommendation with a High Risk rating.]]></description>
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  <date>11/24/2009 12:06:35 PM</date>



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  <title><![CDATA[ International Agricultural to distribute free stocks on 14/12/2009]]></title>
  <description><![CDATA[ International Agricultural Products - (IFAP) announced issued capital increase from L.E 111.910.428 to L.E 149.213.904 (about L.E 37.303.476 raise). Such increase is fully financed by deferred profits and 2009 profits according to 30/6/2009 financial results and will be distributed over18.651.738 shares. ]]></description>
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  <date>11/24/2009 12:06:27 PM</date>



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  <title><![CDATA[ Arab Cotton expects better Q 2 , Q3 due to peak in ginning]]></title>
  <description><![CDATA[ Hany Alma, chairman of Arab Cotton Ginning - (ACGC) attributed significant drop in consolidated net profits in Q1 to decline which hit revenues gained from cotton ginning activities in company subsidiaries while standalone profits was stable.]]></description>
  <Image></Image> 
  <date>11/24/2009 11:17:08 AM</date>



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  <title><![CDATA[ Mokhtar Ibrahim fails to complete selling treasury stocks due to suspension]]></title>
  <description><![CDATA[ Mohamed Ibrahim, Investor Relations Manager of Egyptian Contracting (Mokhtar Ibrahim) - (ECMI), stated that the reason behind selling only 3400 treasury stocks out of all its treasury stocks which amounts to 12700 is that EGX suspended trading on the company’s shares.]]></description>
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  <date>11/24/2009 10:44:25 AM</date>



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  <title><![CDATA[ OCI sees Indian market promising for fertilizer and construction]]></title>
  <description><![CDATA[ Orascom Construction Industries (OCIC) is considering bidding for Brazilian fertilizer maker Copebras affiliated to Anglo American Co. in the tender announced by the company amid interest of Latin American companies.]]></description>
  <Image></Image> 
  <date>11/24/2009 10:31:42 AM</date>



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  <title><![CDATA[ Ezz Steel Q3 net profit seen down 97 %, Poll....]]></title>
  <description><![CDATA[ Ezz Steel (ESRS), Egypt's largest steel producer, is expected to post a 97 percent fall in third-quarter net profit to 14.2 million Egyptian pounds ($2.6 million).]]></description>
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  <date>11/24/2009 10:14:12 AM</date>



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  <title><![CDATA[ El Sewedy sees sales pick-up boosting 2010 profit....]]></title>
  <description><![CDATA[ Egypt's El Sewedy Cables (SWDY), largest Arab cable maker by market value, said it expects net profit for 2009 to remain flat or be slightly lower than 2008.]]></description>
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  <date>11/24/2009 10:00:33 AM</date>



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  <title><![CDATA[ Ezz Steel Q3 net profit seen down 97 %]]></title>
  <description><![CDATA[ Ezz Steel (ESRS), Egypt's largest steel producer, is expected to post a 97 percent fall in third-quarter net profit to 14.2 million Egyptian pounds ($2.6 million).]]></description>
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  <date>11/24/2009 10:00:14 AM</date>



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  <title><![CDATA[ El Sewedy sees annual profit flat or slightly lower....]]></title>
  <description><![CDATA[ Egypt's El Sewedy Cables (SWDY), largest Arab cable maker by market value, said it expects net profit for 2009 to remain flat or be slightly lower than 2008.]]></description>
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  <date>11/24/2009 10:00:02 AM</date>



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  <title><![CDATA[ CI Capital cuts Orascom Construction TP to L.E 260.8....]]></title>
  <description><![CDATA[ CI Capital cut Orascom Construction Industries (OCI) (OCIC) both target price and long term fair value to L.E 260.8 and L.E 266.9 respectively with Hold recommendation. ]]></description>
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  <date>11/24/2009 9:59:26 AM</date>



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  <title><![CDATA[ El Sewedy sees annual profit flat or slightly lower]]></title>
  <description><![CDATA[ Egypt's El Sewedy Cables (SWDY), largest Arab cable maker by market value, said it expects net profit for 2009 to remain flat or be slightly lower than 2008.]]></description>
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  <date>11/24/2009 9:31:41 AM</date>



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  <title><![CDATA[ CI Capital cuts Orascom Construction TP to L.E 260.8]]></title>
  <description><![CDATA[ CI Capital cut Orascom Construction Industries (OCI) (OCIC) both target price and long term fair value to L.E 260.8 and L.E 266.9 respectively with Hold recommendation. ]]></description>
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  <date>11/23/2009 5:28:43 PM</date>



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  <title><![CDATA[ Orascom Construction Q3 net drops 41 %; Beats forecasts....]]></title>
  <description><![CDATA[ Orascom Construction Industries (OCIC), Egypt's largest listed company by market capitalisation, said on Monday that third quarter net profit fell 41 percent on a year ago to $120.7 million.]]></description>
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  <date>11/23/2009 5:28:36 PM</date>



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  <title><![CDATA[ Mobinil confirms MERIS rating to EGX]]></title>
  <description><![CDATA[ Egyptian Company for Mobile Services (Mobinil) (EMOB) sent a release to inform EGX that MERIS gave A+ with stable outlook to company and “A” rating to bonds, which will be issued soon.]]></description>
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  <date>11/23/2009 3:31:39 PM</date>



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  <title><![CDATA[ Contact Car Trading 9 months net hits LE 1.2 m]]></title>
  <description><![CDATA[ Contact Car Trading - (CCAR) reported consolidated financial results posting a net profit of LE 1,222,408 for the period from 01/01/2009 till 30/09/2009.]]></description>
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  <date>11/23/2009 3:13:03 PM</date>



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