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  <description>2003 news and features</description>
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    <title>Gold passes USD416 an ounce</title>
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    <pubDate>Wed, 31 Dec 2003 08:51:19 +0400</pubDate>
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        The gold price reached an eight-year high of USD416 in morning trading on Tuesday. However, some analysts expect a correction in the gold price soon, before it resumes its upward march. Gold has gained 19 per cent in the past year in US dollar terms but much less versus the euro.
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    <title>USD9bn Syria budget passed</title>
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    <pubDate>Wed, 31 Dec 2003 08:48:15 +0400</pubDate>
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        The Syrian parliament has passed a USD9bn draft budget for 2004, up 12 per cent on the previous year. The parliament held a late session on Monday night to discuss and ratify the annual budget. This comes against a background of a renewed threat of US economic sanctions.
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    <title>USD1.30 euro in prospect</title>
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    <pubDate>Wed, 31 Dec 2003 08:33:03 +0400</pubDate>
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        Finance Ministers from the G7 nations will meet next week with the collapsing US dollar high on the agenda. Sources told Reuters that USD1.30 was now seen as a pain barrier, and that the authorities would take action at that point. On Monday the euro past USD1.25 for the first time.
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    <title>Top brand prices to rise in GCC</title>
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    <pubDate>Wed, 31 Dec 2003 08:30:39 +0400</pubDate>
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        The top end of GCC retailing will see some sharp price increases in the New Year due to the weakening US dollar, reported Gulf News. Luxury brand retailers said that in 2003 they had absorbed currency rises but would not be able to do so in 2004. 
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    <title>Orascom, USD680m finance</title>
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    <pubDate>Tue, 30 Dec 2003 08:43:58 +0400</pubDate>
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        Orascom Telecom of Egypt has announced the closure of a USD680m financing deal to pay for its Algerian mobile licence. The loan adds USD544m to Orascom's debt. But analysts said it was a mark of confidence in the company's future that it had obtained such international funding.
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