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<title>Food prices to stay high for 2-3 years</title>
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<description><![CDATA[High global food prices are likely to stay high for two to three years while the world replenishes food stocks, reported Reuters, citing a report by the US Council of Economic Advisors. Although prices are expected to remain, they are not predicted to rise at the same rate as they did last year, the report said.]]></description>
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<title>HSBC unveils new credit card</title>
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<description><![CDATA[HSBC Middle East has unveiled its enhanced Visa Platinum Credit Card, which will offer cardholders added benefits and rewards, the bank said. Benefits include access to premium tickets for worldwide sporting, concert and theatrical events and free valet parking at select locations such as malls and airports.]]></description>
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<title>Jordan raises fuel prices again</title>
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<pubDate>Tue, 13 May 2008 07:21:37 +0400</pubDate>
<description><![CDATA[Jordan raised fuel prices on Monday for the eighth time in two years as part of a state plan to phase out subsidies, reported AP. The government increased the price of unleaded gasoline by 5.7% to 0.740 Jordanian Dinars ($1.03) per litre. Heating fuel and kerosene for household use jumped by 5% to JD 0.630 ($0.88) per litre, while the price of cooking gas remained unchanged.]]></description>
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<title>DME plans gold futures</title>
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<pubDate>Mon, 12 May 2008 09:52:22 +0400</pubDate>
<description><![CDATA[The Dubai Mercantile Exchange (DME) has said it plans to introduce gold futures contract and several other commodities derivatives, cited Gulf News. The New York Mercantile Exchanges is studying if it could offer both gold and steel contracts for potential listing on the DME.]]></description>
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<title>Aseel opens new branch</title>
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<description><![CDATA[Aseel Finance has opened its new branch in Abu Dhabi in Al Bateen area. Aseel is a joint venture of First Gulf Bank, Aldar Properties, Sorouh Real Estate, and Reem Investments, offering Sharia compliant products, such as mortgages, corporate finance and investments.]]></description>
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