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<item>
  <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 4:49:15 PM</date>



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  <title><![CDATA[ Qatar to pitch Gulf region development bank –GCC....]]></title>
  <description><![CDATA[ Qatar will propose Gulf states create a regional development bank similar to that in Europe at next month's rulers summit in Kuwait, the head of the Gulf Cooperation Council said on Tuesday.]]></description>
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  <date>11/24/2009 4:16:21 PM</date>



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  <title><![CDATA[ Qatar to pitch Gulf region development bank –GCC]]></title>
  <description><![CDATA[ Qatar will propose Gulf states create a regional development bank similar to that in Europe at next month's rulers summit in Kuwait, the head of the Gulf Cooperation Council said on Tuesday.]]></description>
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  <date>11/24/2009 3:23:13 PM</date>



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  <title><![CDATA[ POLL-Gulf growth outlook brightens, slow credit a drag]]></title>
  <description><![CDATA[ Gulf Arab states will enjoy solid growth rates next year thanks to rising oil prices and inflation may speed up slightly again due to loose monetary policies and a weak dollar, a Reuters poll showed on Monday. ]]></description>
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  <date>11/24/2009 3:23:05 PM</date>



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  <title><![CDATA[ Tata Communications to build new cable in Gulf]]></title>
  <description><![CDATA[ Indian telecoms services firm Tata Communications said on Tuesday it had signed agreements with operators in the Middle East to build a new cable system for the region.]]></description>
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  <date>11/24/2009 3:22:58 PM</date>



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  <title><![CDATA[ Saudi Arabia drops subsidy on rice imports –paper]]></title>
  <description><![CDATA[ Saudi Arabia has removed subsidies on rice imports as foreign exporters have been taking advantage of them to increase prices, a Saudi-based newspaper reported on Tuesday.]]></description>
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  <date>11/24/2009 3:06:09 PM</date>



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  <title><![CDATA[ Egypt, US seek doubling bilateral trade volume to $ 16 bln]]></title>
  <description><![CDATA[ Minister of Trade and Industry, Minister Rachid Mohamed Rachid announced that he agreed with US representatives, during his official visit to the United States, on a working plan in order to double trade and investments between the two countries.]]></description>
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  <date>11/24/2009 12:36:27 PM</date>



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  <title><![CDATA[ Egypt IT spending projected to reach $1.9 bln by 2013]]></title>
  <description><![CDATA[ IT spending in Egypt is projected to reach highs of $1.9bn by 2013, reflecting a significant jump from its 2008 levels at $1.2bn, according to statistics released by Business Monitor International (BMI).]]></description>
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  <date>11/24/2009 11:17:18 AM</date>



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  <title><![CDATA[ EGX says Eid Al Adha vacation from 26 to 29/11/2009]]></title>
  <description><![CDATA[ Egyptian Stock exchange announced that Eid Al Adha Vacation will start on Thursday 26/11/2009 until Sunday 29/11/2009. Business will be resumed on Monday. Happy Feast.]]></description>
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  <date>11/24/2009 10:59:10 AM</date>



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  <title><![CDATA[ Egyptian entrepreneurs urged to invest in Bangladesh]]></title>
  <description><![CDATA[ Bangladeshi Industries Minister Dilip Barua urged Egyptian entrepreneurs to invest here at different potential sectors by taking advantage of various lucrative offers provided by the government to increase the country's Direct Foreign Investment (FDI).]]></description>
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  <date>11/24/2009 10:01:05 AM</date>



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  <title><![CDATA[ Egypt aims at boosting current $ 13 bln with Jordan]]></title>
  <description><![CDATA[ Minister of Investment Dr. Mahmoud Mohieldin received Jordanian Prime Minister Nader  Al-Dahabi and his delegation at the Ministry's headquarters. Dr. Mohieldin highlighted the tasks and goals of the Ministry of Investment and the activities it has undertaken since beginning in July 2004.]]></description>
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  <date>11/24/2009 10:00:46 AM</date>



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  <title><![CDATA[ Cooperation projects in renewable energy With European Union]]></title>
  <description><![CDATA[ Minister of Electricity Hassan Yunis asserted Egypt's keenness on promoting cooperation with the European Union in the fields of electricity and renewable energy.]]></description>
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  <date>11/24/2009 9:10:22 AM</date>



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  <title><![CDATA[ Cement prices stable, thanks to feasts season]]></title>
  <description><![CDATA[ Cement market witnessed, in the last period, a state of stability in prices and sales amid mean demand; after company’s action to fix consumers prices between LE 500-540.]]></description>
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  <date>11/23/2009 3:31:49 PM</date>



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  <title><![CDATA[ Gulf should reconsider currency pegs, Standard Chartered says]]></title>
  <description><![CDATA[ Gulf Arab states should reexamine their policy of pegging currencies to the dollar next year as their economies rebound on oil prices above $80 a barrel, said Marios Maratheftis, an economist at Standard Chartered Plc.]]></description>
  <Image></Image> 
  <date>11/23/2009 2:37:34 PM</date>



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  <title><![CDATA[ Kuwait likely to base 2010/11 budget on $ 43pb crude price]]></title>
  <description><![CDATA[ OPEC member Kuwait is expected to base its 2010/11 budget on a crude oil price of $43 a barrel, up 22.8 percent from the previous fiscal year, a newspaper reported on Sunday.]]></description>
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  <date>11/23/2009 2:37:24 PM</date>



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  <title><![CDATA[ IMF sees UAE non-oil sector growth of 3 % in 2010]]></title>
  <description><![CDATA[ The United Arab Emirates is expected to see 3 percent non-oil economic growth in 2010 compared to 1 percent this year, the regional head of the International Monetary Fund said on Monday.]]></description>
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  <date>11/23/2009 1:32:07 PM</date>



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  <title><![CDATA[ Dubai seeks more conservative image with reshuffle]]></title>
  <description><![CDATA[ Dubai's weekend shake-up of boom-era leaders from flagship institutions is a move to introduce conservative management as the indebted emirate courts investors for its $10 billion bond plan, analysts said.]]></description>
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  <date>11/23/2009 1:02:30 PM</date>



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  <title><![CDATA[ UAE left currency plan for fundamental reasons-C-bank chief]]></title>
  <description><![CDATA[ The United Arab Emirate's withdrawal from the Gulf Arab monetary union was based on fundamental reservations including currency plans and the role of the monetary council, the UAE central bank chief said.]]></description>
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  <date>11/23/2009 1:02:20 PM</date>



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  <title><![CDATA[ Egypt's Alcotexa sells 4,234 tonnes cotton in past week]]></title>
  <description><![CDATA[ Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 4,234 tonnes of cotton in the week that ended on November 21, Alcotexa official told Reuters on Monday.]]></description>
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  <date>11/23/2009 10:45:24 AM</date>



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  <title><![CDATA[ IDA OKs new $ 600 m complex in Suez....]]></title>
  <description><![CDATA[ The Industrial Development Authority approved the Holding Company for Chemical Industries’ project to establish a sodium carbonates complex in the Gulf of Suez, with investments totaling $ 600 million.]]></description>
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  <date>11/23/2009 9:56:07 AM</date>



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  <title><![CDATA[ IDA OKs New $ 600 m complex in Suez]]></title>
  <description><![CDATA[ The Industrial Development Authority approved the Holding Company for Chemical Industries’ project to establish a sodium carbonates complex in the Gulf of Suez, with investments totaling $ 600 million.]]></description>
  <Image></Image> 
  <date>11/23/2009 9:55:59 AM</date>



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  <title><![CDATA[ CBE says banks to be Basel II compliant by 2011]]></title>
  <description><![CDATA[ Central Bank of Egypt (CBE) Governor Farouk El-Okdah said that Egyptian banks are expected to be compliant with Basel II by the end of 2011.]]></description>
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  <date>11/23/2009 9:55:47 AM</date>



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  <title><![CDATA[ Oil Minister confirms Egypt keenness on boosting energy cooperation with EU]]></title>
  <description><![CDATA[ Minister of Oil and Mineral Wealth Sameh Fahmi asserted Egypt’s keenness on consolidating cooperation with the European Union’s member states in the fields of energy.]]></description>
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  <date>11/23/2009 9:15:57 AM</date>



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  <title><![CDATA[ Current market conditions impede selling of Banque Du Caire, CBE]]></title>
  <description><![CDATA[ Farouk El-Okda, governor of the Central Bank of Egypt denied current selling or privatization of Banque Du Caire due to inappropriate market conditions and said the bank will continue as Egypt’s third public sector bank. ]]></description>
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  <date>11/22/2009 3:25:22 PM</date>



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  <title><![CDATA[ Qatar eyes 2022 for key links in $23 bln rail deal]]></title>
  <description><![CDATA[ Qatar aims to have most of a 17 billion euro ($22.79 billion) rail project with Deutsche Bahn built by 2022, officials said on Sunday after signing one of the 
biggest-ever foreign deals for German industry. ]]></description>
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  <date>11/22/2009 3:25:05 PM</date>



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  <title><![CDATA[ Egypt to raise purchase price for local wheat]]></title>
  <description><![CDATA[ Egypt will raise the price at which it buys Egyptian wheat from farmers to 270 Egyptian pounds ($49.50) per ardeb (150 kg), a ministry of agriculture adviser said on Sunday.]]></description>
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  <date>11/22/2009 3:09:48 PM</date>



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  <title><![CDATA[ UAE's First Gulf Bank completes $ 500 m bond sale]]></title>
  <description><![CDATA[ Abu Dhabi's First Gulf Bank (FGB) has raised $500 million with a 3-year conventional bond for general corporate purposes, an executive said on Thursday.]]></description>
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  <date>11/22/2009 2:55:47 PM</date>



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  <title><![CDATA[ Saudi Electricity extends deadline for $ 2bln plant]]></title>
  <description><![CDATA[ State-run Saudi Electricity Company (SEC) has set Dec. 20 as a new deadline for bids to build a $2-2.5 billion power plant in Riyadh, a company executive said on Saturday.]]></description>
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  <date>11/22/2009 2:55:39 PM</date>



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  <title><![CDATA[ Dubai reshuffles board of state investment unit]]></title>
  <description><![CDATA[ The ruler of Dubai has reshuffled the board of the Investment Corporation of Dubai, the state conglomerate that owns Emirates airlines, naming two of his sons as directors, a decree posted on his website showed. ]]></description>
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  <date>11/22/2009 2:55:31 PM</date>



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  <title><![CDATA[ Deutsche Bahn, Qatar in 17 bln euro deal, minister]]></title>
  <description><![CDATA[ German rail and logistics group Deutsche Bahn is set to sign a 17 billion euro ($ 25 billion) contract with Qatar, German transport minister Peter Ramsauer said on Friday.]]></description>
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  <date>11/22/2009 2:55:23 PM</date>



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  <title><![CDATA[ Saudi cbank: Pegging Gulf currency to basket an option]]></title>
  <description><![CDATA[ Pegging a planned new Gulf currency to a basket of currencies is one option on the table although there is no perfect solution, Saudi Arabia's top monetary official, Muhammad al-Jasser, said.]]></description>
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  <date>11/22/2009 2:37:41 PM</date>



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