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    <title>Fitch places four Dubai-based banks' Individual ratings on Watch Negative</title>
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    <pubDate>Sat, 05 Dec 2009 16:00:00 +0400</pubDate>
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        Fitch Ratings has today affirmed the long-term Issuer Default Ratings and placed the Individual ratings of four Dubai-based banks on Rating Watch Negative (RWN) in light of the continuing uncertainty in the Dubai economy following Dubai World's (DW) request on 25 November 2009 to postpone debt repayments. 
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    <title>Northern Area Oil Operations of Aramco recognises Artificial Lift Company for innovative new RIGLESS ESP Technology </title>
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    <pubDate>Sat, 05 Dec 2009 11:07:10 +0400</pubDate>
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        The Northern Area Oil Operations, Production Engineering and Well Services Department of Saudi Aramco have awarded the Artificial Lift Company, an innovative design, engineering and manufacturing solutions provider, the 'Outstanding Innovative Idea Award,' during the 2009 'ESP Future Outlook' workshop.
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    <title>Recession reinforces ME's position as global petrochemical production hub</title>
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    <pubDate>Sat, 05 Dec 2009 11:06:39 +0400</pubDate>
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        The shift of the global petrochemical industry's centre of gravity to the feedstock-rich Middle East is occurring more swiftly than anticipated, as plant after plant comes on-stream in the region, and production falters elsewhere in the world under the recession. The Fourth Annual GPCA Forum taking place in Dubai December 8-10 will hear global industry leaders assess-ing the post-recession scenario with a focus on how the regional players are integrating sustainability into their growth agenda.   
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    <title>Dubai, Kuwait recovery 'to lag behind'</title>
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    <pubDate>Sat, 05 Dec 2009 11:06:28 +0400</pubDate>
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        Ahmet Akarli, an economist at Goldman Sachs has said that Dubai and Kuwait will lag behind other Gulf Arab countries as the region's economies recover, Bloomberg has reported. The economies of the UAE and Kuwait had contracted by around 2.5% in 2009, he said. The UAE will grow 2% in 2010 and 4% in 2011, driven by Abu Dhabi, he added.
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    <title>BMW to feature M1 homage at Dubai show</title>
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    <pubDate>Sat, 05 Dec 2009 11:04:51 +0400</pubDate>
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        BMW has said it will feature its M1 Homage at the Dubai International Motor Show. The BMW M1, which will make its debut in the Middle East, was designed by Giorgio Giugiaro to be a testament to the dynamism, innovation and design quality of BMW's Motorsports heritage.
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