<?xml version="1.0" encoding="iso-8859-1" ?>
<rss version="2.0">
<channel>
  <title>AMEinfo.com News - Finance and Economy</title>
  <link>http://www.ameinfo.com/news/Finance_and_Economy/</link>
  <description>Finance and Economy latest news and features</description>
  <language>en-us</language>
  <copyright>(c) 1996-2012 AME Info FZ LLC / 4C. All rights reserved.</copyright>
  <lastBuildDate>Thu, 24 May 2012 18:40:58 +0400</lastBuildDate>
  <ttl>5</ttl>
  <image>
    <title>AMEinfo.com News</title>
    <width>125</width>
    <height>48</height>
    <link>http://www.ameinfo.com/rss/</link>
    <url>http://www.ameinfo.comhttp://static.amefiles.com/static/r17/images/rss/logo_for_rss.jpg</url>
  </image>
  <item>
    <title><![CDATA[Islamic banks lift Bahrain Bourse]]></title>
    <link>http://www.ameinfo.com/islamic-banks-lift-bahrain-bourse-301583</link>
    <guid isPermaLink="true">http://www.ameinfo.com/islamic-banks-lift-bahrain-bourse-301583</guid>
    <pubDate>Thu, 24 May 2012 16:28:10 +0400</pubDate>
    <description>
      <![CDATA[
        The Bahrain All-Share Index gained 0.70% to hit 1,145.39 Thursday, halting a week-long declined. Islamic financial institutions Al Baraka Banking Group and Ithmaar Bank advanced 9.20% and 6.90%, respectively. Nass Corporation lost the most (off 0.69%). According to National Bank of Abu Dhabi's Chief Economist and Head of Research Dr. Giyas Gokkent, "assets of the consolidated Bahraini banking system were up +0.8% m-o-m in March to $200.4bn ( down 0.3% y-o-y) driven in large part by growth in wholesale banks." He added that "Bahrain's wholesale banking system clocked in two consecutive months of growth. In March, geographic classification data for wholesale banks indicate a rise in GCC liabilities and a concomitant rise in Western European assets and a significant portion are movements due to head office and affiliated bank activity. Year-to-date, the Bahrain Bourse added 0.15%.  [AMEInfo.com]
        <br /><a href="http://oas6.ameinfo.com/RealMedia/ads/adstream_lx.ads/ameinfo.com/rss/159/x90/AME/AME-Info_RSS_Generic/AME-Info_RSS_Generic_px/125"><img src="http://oas6.ameinfo.com/RealMedia/ads/adstream_lx.ads/ameinfo.com/rss/159/x90/AME/AME-Info_RSS_Generic/AME-Info_RSS_Generic_px/125" width="1" height="1" /></a>
      ]]>
    </description>
  </item>
  <item>
    <title><![CDATA[Vodafone Qatar rises to multiple-year high ]]></title>
    <link>http://www.ameinfo.com/vodafone-qatar-rises-multiple-year--301581</link>
    <guid isPermaLink="true">http://www.ameinfo.com/vodafone-qatar-rises-multiple-year--301581</guid>
    <pubDate>Thu, 24 May 2012 16:18:33 +0400</pubDate>
    <description>
      <![CDATA[
        The Qatar Exchange 20 Index slipped insignificantly to 8,462.91 points. Shares of the country's second telco operator Vodafone Qatar advanced 0.21% to reach QR9.72. Vodafone Qatar has said the total number of its customers in the country rose 11% in a year to reach 837,233 in March 2012, or 47% of Qatar's population, Gulf Times has reported. The growth has been driven by enhancements to the company's mobile network and the launch of innovative promotions and services such as the 'Swalif' local calling offer and prepaid BlackBerry plans, Vodafone Qatar said. The firm said its financial results for the year ended March 31 will be announced following a board meeting on June 7. [AMEInfo.com]
      ]]>
    </description>
  </item>
  <item>
    <title><![CDATA[Property shares weigh on Abu Dhabi exchange]]></title>
    <link>http://www.ameinfo.com/property-shares-weigh-abu-dhabi-exchange-301577</link>
    <guid isPermaLink="true">http://www.ameinfo.com/property-shares-weigh-abu-dhabi-exchange-301577</guid>
    <pubDate>Thu, 24 May 2012 16:10:20 +0400</pubDate>
    <description>
      <![CDATA[
        The ADX Index declined 0.44% to close at 2,464.68, as dvelopers Aldar Properties, Sorouh Real Estate fell 0.93% and RAK Properties dived by 2.70%. Market bellwether Emirates Telecommunications or Etisalat bucked the trend, gaining 1.2%. Trading remained dull due to the ongoing uncertainty over Greece's disposition in the Euro zone. Around 30m shares were traded, valued at Dhs45.22m. [AMEInfo.com]
      ]]>
    </description>
  </item>
  <item>
    <title><![CDATA[Dubai market ends tricky week flat ]]></title>
    <link>http://www.ameinfo.com/dubai-market-tricky-week-flat--301574</link>
    <guid isPermaLink="true">http://www.ameinfo.com/dubai-market-tricky-week-flat--301574</guid>
    <pubDate>Thu, 24 May 2012 15:57:46 +0400</pubDate>
    <description>
      <![CDATA[
        As many investors continued to stay on the sidelines, the Dubai Financial Market General Index (DFMGI) ended unchanged at 1,479.67 Thursday as Euro zone's dispute over the issuance of Euro bonds kept buyers away. While Emaar Properties retreated to Dhs2.88, Commercial Bank of Dubai or CBD and bank Emirates NBD added 1.79% and 1.11%, respectively. Ten Shares gained, 14 declined and two closed even. Over the week, Dubai's local exchange added a quarter percentage point, which marks the first week recovery in a month. [AMEInfo.com]
      ]]>
    </description>
  </item>
  <item>
    <title><![CDATA[Bahrain unveils plan to issue $1.25bn bond in June]]></title>
    <link>http://www.ameinfo.com/bahrain-unveils-plan-issue-125bn-bond-301511</link>
    <guid isPermaLink="true">http://www.ameinfo.com/bahrain-unveils-plan-issue-125bn-bond-301511</guid>
    <pubDate>Thu, 24 May 2012 12:40:47 +0400</pubDate>
    <description>
      <![CDATA[
        The Bahraini central bank has unveiled a plan to issue a $1.25bn bond in the second or third week of June, Reuters has reported. The conventional bond will have a tenor of between seven and 10 years, which may appeal to institutional international investors who tend to favour longer-dated paper, a central bank official said. "We finished almost everything but we are still finalising. It (bond issue) will maybe be in the second or third week of June," he said.  [AMEInfo.com]
      ]]>
    </description>
  </item>
</channel>
</rss>

