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	<title>Business News rss feed</title>
	<link>http://www.surgar.net/</link>
	<description>The latest news form surghar.net</description>
	<lastBuildDate>Mon, 12 Sep 2005 18:37:00 GMT</lastBuildDate>
	<language>en-us</language><item><title><![CDATA[UAE current account surplus climbs fourfold in 2011]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1167.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1167.html</guid>
	<pubDate>2012-05-19</pubDate>
	<description><![CDATA[<span>DUBAI &mdash; The UAE&rsquo;s current account surplus quadrupled to Dh112.7 billion ($30.7 billion) in 2011 as both crude and non-oil exports soared, the UAE Central Bank&rsquo;s annual report showed.&nbsp;</span>The surplus surged to 8.5 per]]></description>
	</item><item><title><![CDATA[Bank governor warns of eurozone crisis 'storm']]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1166.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1166.html</guid>
	<pubDate>2012-05-17</pubDate>
	<description><![CDATA[The Bank of England has cut its growth forecast for this year to 0.8% from 1.2%, saying the eurozone "storm" is still the main threat to UK recovery.&nbsp;The eurozone was "tearing itself apart" and the UK would not be "unscathed", said its governor]]></description>
	</item><item><title><![CDATA[US retail sales simmer down]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1165.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1165.html</guid>
	<pubDate>2012-05-16</pubDate>
	<description><![CDATA[<span>Retail sales in the US rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.&nbsp;</span>The 0.1 per cent gain followed a 0.7 per cent]]></description>
	</item><item><title><![CDATA[Asian shares fall on Greece political uncertainty]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1164.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1164.html</guid>
	<pubDate>2012-05-15</pubDate>
	<description><![CDATA[Shares in Asia have fallen, taking their lead from Europe and the US, as political turmoil in Greece made investors seek less risky assets.Japan's Nikkei 225 index was down 1.2%, while South Korea's Kospi was down 1.4%.The euro, which was down 0.7%]]></description>
	</item><item><title><![CDATA[Yahoo chief executive Scott Thompson steps down]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1163.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1163.html</guid>
	<pubDate>2012-05-14</pubDate>
	<description><![CDATA[The chief executive of computer firm Yahoo has stepped down, amid accusations that a fake computer science degree was included on his CV.The California-based company confirmed media reports that Scott Thompson had quit his post.He has been replaced]]></description>
	</item><item><title><![CDATA[Yahoo chief executive Scott Thompson steps down]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1162.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1162.html</guid>
	<pubDate>2012-05-14</pubDate>
	<description><![CDATA[The chief executive of computer firm Yahoo has stepped down, amid accusations that a fake computer science degree was included on his CV.The California-based company confirmed media reports that Scott Thompson had quit his post.He has been replaced]]></description>
	</item><item><title><![CDATA[Emirates to fly high in ’12]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1161.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1161.html</guid>
	<pubDate>2012-05-12</pubDate>
	<description><![CDATA[<span>Emirate airline will continue to post reasonable profit growth in 2012-13 despite eurozone debt crisis, slowing growth in many Asian markets and higher oil prices, analysts say.</span>The world&rsquo;s largest carrier by international traffic]]></description>
	</item><item><title><![CDATA[GCC to benefit from rising oil prices ]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1159.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1159.html</guid>
	<pubDate>2012-05-10</pubDate>
	<description><![CDATA[<span>The Gulf Cooperation Council (GCC) looks well positioned to benefit from rising oil prices and strong demand from emerging markets, Standard &amp; Poor&rsquo;s said in it&rsquo;s latest report.</span>Economic prospects for oil-exporting]]></description>
	</item><item><title><![CDATA[Dubai firms remain upbeat on second quarter]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1158.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1158.html</guid>
	<pubDate>2012-05-09</pubDate>
	<description><![CDATA[<span>Businesses across Dubai remain upbeat on growth and revenues in the second quarter, with a majority of employers intending to retain their employees, according to a latest survey conducted by the Dubai Department of Economic Development, or]]></description>
	</item><item><title><![CDATA[Reforms key to EU growth]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1157.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1157.html</guid>
	<pubDate>2012-05-07</pubDate>
	<description><![CDATA[<span>The contours of recession and recovery inside the EU will be drawn with forecasts this week and a quarterly snapshot next week, setting the landscape for an informal summit on growth likely by the end of May.</span>The new data, together with]]></description>
	</item><item><title><![CDATA[Drydocks discusses water hotel location]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1156.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1156.html</guid>
	<pubDate>2012-05-06</pubDate>
	<description><![CDATA[<span>Drydocks World, the shipbuilding arm of Dubai World, has discussed the location and size of its revolutionary Water Discus Hotel project with a high-level delegation from the Martinique Islands in the Caribbean Sea.</span>The two sides]]></description>
	</item><item><title><![CDATA[Drydocks discusses water hotel location]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1155.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1155.html</guid>
	<pubDate>2012-05-06</pubDate>
	<description><![CDATA[<span>Drydocks World, the shipbuilding arm of Dubai World, has discussed the location and size of its revolutionary Water Discus Hotel project with a high-level delegation from the Martinique Islands in the Caribbean Sea.</span>The two sides]]></description>
	</item><item><title><![CDATA[Bolivia nationalises electrical grid]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1152.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1152.html</guid>
	<pubDate>2012-05-03</pubDate>
	<description><![CDATA[<span>President Evo Morales announces final push in nationalising power sector by taking over S</span>President Evo Morales has announced that his government is completing the nationalisation of Bolivia's electricity sector by seizing control of its]]></description>
	</item><item><title><![CDATA[Pakistan set to accord MFN status to India by year-end]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1150.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1150.html</guid>
	<pubDate>2012-05-02</pubDate>
	<description><![CDATA[<span>An official announcement to declare India the Most Favoured Nation, or MFN, by Pakistan is expected by the end of this year, a top government official said on Tuesday.</span>The central banks of the two countries are in close touch to clear]]></description>
	</item><item><title><![CDATA[DP World posts 9.5% growth in Q1]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1148.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1148.html</guid>
	<pubDate>2012-05-01</pubDate>
	<description><![CDATA[<span>DP World, the world&rsquo;s third-biggest marine port operator, on Monday announced a dividend of 24&cent; per share and said shareholders authorised the company to buy back &ldquo;a limited number of shares.&rdquo;</span>The shareholders also]]></description>
	</item><item><title><![CDATA[Facebook IPO puts bankers on back foot]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1146.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1146.html</guid>
	<pubDate>2012-04-29</pubDate>
	<description><![CDATA[(Financial Times)&nbsp;-- As Wall Street makes final preparations for the largest technology debut by value in history, it has also faced what some bankers and investors have come to see as a series of snubs from Facebook.From the sidelining of the]]></description>
	</item><item><title><![CDATA[Spanish economy in crisis after credit downgrade]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1144.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1144.html</guid>
	<pubDate>2012-04-28</pubDate>
	<description><![CDATA[<span>Spain&rsquo;s sickly economy faces a &ldquo;huge crisis &rdquo;, as unemployment hit its highest level in almost two decades and S&amp;P&rsquo;s weighed in with a two-notch downgrade of the govt&rsquo;s debt.</span>Unemployment shot up to 24]]></description>
	</item><item><title><![CDATA[Dubai sukuk sale raises $1.25b Dubai sukuk sale raises $1.25b ]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1143.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1143.html</guid>
	<pubDate>2012-04-26</pubDate>
	<description><![CDATA[<span>The Dubai government launched a $1.25 billion two-tranche Islamic bond, or sukuk, on Wednesday. The five and 10-year benchmark sukuk, backed by real estate assets, is Dubai&rsquo;s first Islamic bond since 2009.</span>According to issue]]></description>
	</item><item><title><![CDATA[World stock markets rise after strong US earnings]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1142.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1142.html</guid>
	<pubDate>2012-04-25</pubDate>
	<description><![CDATA[<span>World stock markets rose Wednesday after earnings from Apple Inc. and other U.S. companies blew past expectations, providing a distraction from the economic and political turbulence intensifying in Europe over its debt crisis.</span>European]]></description>
	</item><item><title><![CDATA[Nestle to buy Pfizer Nutrition for $11.85bn]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1141.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1141.html</guid>
	<pubDate>2012-04-23</pubDate>
	<description><![CDATA[Food giant Nestle has announced a deal to buy children's food maker Pfizer Nutrition for $11.85bn (&pound;7.35bn).The world's biggest food group, based in Switzerland, said its new acquisition was a "perfect complement" to its existing infant food]]></description>
	</item><item><title><![CDATA[Competition pushes Nokia into losses]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1140.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1140.html</guid>
	<pubDate>2012-04-19</pubDate>
	<description><![CDATA[Mobile phone company Nokia has reported a net loss of 929m euros ($1.2bn; &pound;761m) in the first three months of 2012, following a profit warning earlier this month.The loss compares with a profit of 344m euros in the same period of 2011.Nokia]]></description>
	</item><item><title><![CDATA[Yahoo sees profits rise 28% in first quarter to $286m]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1139.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1139.html</guid>
	<pubDate>2012-04-18</pubDate>
	<description><![CDATA[Struggling Internet firm Yahoo has seen its profit climb 28% in the first three months of the year.The California-based firm reported net income of $286m on revenue of around $1.08bn in the quarter.Yahoo has 700 million users, but has not kept up]]></description>
	</item><item><title><![CDATA[Dubai continue to attract investors and businesses]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1137.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1137.html</guid>
	<pubDate>2012-04-16</pubDate>
	<description><![CDATA[<span>DUBAI &mdash; Dubai continues to attract more investors as new business licences issued in March recorded a strong growth compared to last year with tourism sector on top of all business activities.</span>
&nbsp;
The Dubai Department of]]></description>
	</item><item><title><![CDATA[UAE banks are in ‘good position’]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1136.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1136.html</guid>
	<pubDate>2012-04-15</pubDate>
	<description><![CDATA[



<span style="font-size: small;">DUBAI &mdash; The UAE Central Bank on Saturday declared a Dh3.7 billion net profit for the fiscal year 2011.</span>


&nbsp;
<span style="font-size: small;">Banks in the country are in a good position and]]></description>
	</item><item><title><![CDATA[Saudi seeks lower oil prices]]></title>
	<link>http://www.surgar.net/english/-news-pg-Business-NewS-1134.html</link>
	<guid>http://www.surgar.net/english/-news-pg-Business-NewS-1134.html</guid>
	<pubDate>2012-04-14</pubDate>
	<description><![CDATA[SEOUL - Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow Opec members to accomplish that, Oil Minister Ali Al Naimi said on Friday.
&nbsp;
Brent crude has risen about 13 per cent this year,]]></description>
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