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<title><![CDATA[RSS for Middle East]]></title>
<description><![CDATA[Watch breaking news videos and read news updates about Middle East on FOXBusiness.com.]]></description>
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<title><![CDATA[Apple Pays No Tax on Much of Its Overseas Income]]></title>
<link><![CDATA[http://www.foxbusiness.com/technology/2013/05/20/apple-pays-no-tax-on-much-its-overseas-income/?]]></link>
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<pubDate><![CDATA[Mon, 20 May 2013 17:45:02 EDT]]></pubDate>
<description><![CDATA[Apple Inc. (AAPL) has set up corporate structures that have allowed it to pay little or no corporate tax -- in any country -- on much of its overseas income, according to the findings of a U.S. Senate examination released Monday evening.]]></description>
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<title><![CDATA[Citi Names New CEOs of CitiMortgage, Private Bank, Citi Holdings]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/citi-names-new-ceos-citimortgage-private-bank-citi-holdings/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/citi-names-new-ceos-citimortgage-private-bank-citi-holdings/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 15:21:36 EDT]]></pubDate>
<description><![CDATA[Citigroup Inc. (C) shuffled the top executives of several businesses, including its private bank, its mortgage operation and the unit that houses non-core businesses and assets.]]></description>
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<title><![CDATA[Essar Likely to Sign Pact with Chinese Bank for $1 Billion Loan]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/essar-likely-to-sign-pact-with-chinese-bank-for-1-billion-loan/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/essar-likely-to-sign-pact-with-chinese-bank-for-1-billion-loan/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 13:46:44 EDT]]></pubDate>
<description><![CDATA[Essar Oil Ltd. (500134.BY) will likely sign an initial agreement with a Chinese bank Tuesday for a $1 billion loan as part of the Indian company's efforts to tap overseas funds to refinance expensive local debt, a person with direct knowledge of the matter said Monday.]]></description>
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<title><![CDATA[Qatar Sets Up $1B Energy Infrastructure Fund]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/05/20/qatar-sets-up-1-bln-energy-infrastructure-fund/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/05/20/qatar-sets-up-1-bln-energy-infrastructure-fund/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 12:19:53 EDT]]></pubDate>
<description><![CDATA[Three Qatari state-backed entities, including the Gulf Arab nation's acquisitive sovereign wealth fund, are setting up a $1 billion fund to invest in overseas energy infrastructure assets.]]></description>
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<title><![CDATA[Sales of Caterpillar Equipment Remain Sluggish]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/05/20/sales-caterpillar-equipment-remain-sluggish/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/05/20/sales-caterpillar-equipment-remain-sluggish/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 11:33:35 EDT]]></pubDate>
<description><![CDATA[Caterpillar’s construction and mining equipment continued to face sales headwinds in North America, posting a 9% drop globally in April despite stronger demand from Latin America.]]></description>
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<title><![CDATA[Caterpillar Global Sales Dip 9% In 3 Months]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/caterpillar-global-sales-dip-in-3-months/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/caterpillar-global-sales-dip-in-3-months/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 10:55:03 EDT]]></pubDate>
<description><![CDATA[Sales of Caterpillar Inc.'s (CAT) construction and mining equipment fell 9% worldwide in the three months to the end of April, as strong demand from Latin America offset deteriorating sales from North America.]]></description>
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<title><![CDATA[China's Fosun Eyes $1 Billion Private-Equity Fund]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/china-fosun-eyes-1-billion-private-equity-fund/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/china-fosun-eyes-1-billion-private-equity-fund/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 07:35:04 EDT]]></pubDate>
<description><![CDATA[Chinese conglomerate Fosun International Ltd. (0656.HK) is raising a $1 billion private-equity fund that will invest in Europe and international companies seeking to expand in China, according to a person familiar with the situation.]]></description>
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<title><![CDATA[Gulf wealth funds raising private equity investments: study]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/gulf-wealth-funds-raising-private-equity-investments-study/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/gulf-wealth-funds-raising-private-equity-investments-study/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 06:34:26 EDT]]></pubDate>
<description><![CDATA[Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco says in a new study.]]></description>
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<title><![CDATA[Elan eyes more deals this year with $1 billion warchest]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/elan-eyes-more-deals-this-year-with-1-billion-warchest/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/elan-eyes-more-deals-this-year-with-1-billion-warchest/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 02:12:12 EDT]]></pubDate>
<description><![CDATA[Elan will still have $1.]]></description>
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<title><![CDATA[Insight: The road to a greener America is littered with road-kill]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/insight-road-to-greener-america-is-littered-with-road-kill/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/insight-road-to-greener-america-is-littered-with-road-kill/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 01:03:56 EDT]]></pubDate>
<description><![CDATA[In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp.]]></description>
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<title><![CDATA[Tesco clothing brand plans international expansion]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/19/tesco-clothing-brand-plans-international-expansion/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/19/tesco-clothing-brand-plans-international-expansion/</guid>
<pubDate><![CDATA[Sun, 19 May 2013 08:21:46 EDT]]></pubDate>
<description><![CDATA[The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.]]></description>
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<title><![CDATA[Bankers see M&A recovery after deals drop 7 percent so far in 2013]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/bankers-see-ma-recovery-after-deals-drop-7-percent-so-far-in-2013/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/17/bankers-see-ma-recovery-after-deals-drop-7-percent-so-far-in-2013/</guid>
<pubDate><![CDATA[Fri, 17 May 2013 11:26:42 EDT]]></pubDate>
<description><![CDATA[A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone recession.]]></description>
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<title><![CDATA[Italy's Intesa Sanpaolo Opens New Branch in Turkey]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/italy-intesa-sanpaolo-opens-new-branch-in-turkey/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/17/italy-intesa-sanpaolo-opens-new-branch-in-turkey/</guid>
<pubDate><![CDATA[Fri, 17 May 2013 06:32:33 EDT]]></pubDate>
<description><![CDATA[Italy's Intesa Sanpaolo (ISP.MI) said Friday that it will open a new branch in Turkey in a bid to support its corporate activity in the region and "create bridges" to intercept investments and financial flows.]]></description>
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<title><![CDATA[Crude Oil Steady but Nymex Decline Likely]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/crude-oil-steady-but-nymex-decline-likely/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/17/crude-oil-steady-but-nymex-decline-likely/</guid>
<pubDate><![CDATA[Fri, 17 May 2013 03:15:03 EDT]]></pubDate>
<description><![CDATA[Crude-oil futures were little changed in Asian trading on Friday with the U.S. benchmark holding above $95 a barrel but headed for its first weekly decline in four weeks on worries over gasoline demand.]]></description>
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<title><![CDATA[JP Morgan names Cristerna, Ventresca co-heads of global M&A: memo]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/jp-morgan-names-cristerna-ventresca-co-heads-global-ma-memo/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/16/jp-morgan-names-cristerna-ventresca-co-heads-global-ma-memo/</guid>
<pubDate><![CDATA[Thu, 16 May 2013 12:34:02 EDT]]></pubDate>
<description><![CDATA[JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A), according to a memo seen by Reuters.]]></description>
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<title><![CDATA[Singapore Airlines Flags Weak Bookings;Fuel Costs Bite]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/singapore-airlines-flags-weak-bookingsfuel-costs-bite/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/16/singapore-airlines-flags-weak-bookingsfuel-costs-bite/</guid>
<pubDate><![CDATA[Thu, 16 May 2013 08:07:13 EDT]]></pubDate>
<description><![CDATA[Singapore Airlines Ltd. (C6L.SG) swung to a profit in its fiscal fourth quarter after selling planes and spare engines, but warned of challenges ahead from flat bookings, overcapacity in cargo operations and high fuel costs.]]></description>
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<title><![CDATA[Starwood to Expand in Latin America, Up Hotels by 50%]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/05/15/starwood-hotels-to-grow-latin-american-footprint-by-50-in-five-years/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/05/15/starwood-hotels-to-grow-latin-american-footprint-by-50-in-five-years/</guid>
<pubDate><![CDATA[Wed, 15 May 2013 13:20:49 EDT]]></pubDate>
<description><![CDATA[Starwood Hotels & Resorts says it will grow its hotel footprint in Latin America by 50% over the next five years.]]></description>
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<title><![CDATA[Total Buys Shell's Retail Network In Egypt]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/total-buys-shell-retail-network-in-egypt/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/15/total-buys-shell-retail-network-in-egypt/</guid>
<pubDate><![CDATA[Wed, 15 May 2013 10:34:16 EDT]]></pubDate>
<description><![CDATA[French oil company Total SA (TOT, FP.FR) Wednesday confirmed it acquired Royal Dutch Shell PLC's (RDSB.LN) fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and wider region.]]></description>
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<title><![CDATA[Prepaid Debit Cards: a Weak Link in Bank Security]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/10/prepaid-debit-cards-weak-link-in-bank-security/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/10/prepaid-debit-cards-weak-link-in-bank-security/</guid>
<pubDate><![CDATA[Wed, 15 May 2013 09:00:37 EDT]]></pubDate>
<description><![CDATA[A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards.]]></description>
<media:thumbnail>http://global.fncstatic.com/static/managed/img/fb2/personal-finance/credit-cards-mastercard-amex.jpg</media:thumbnail>
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<title><![CDATA[Turkey's State Oil Company To Develop Oil Projects In Kurdistan With Exxon -Erdogan]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/14/turkey-state-oil-company-to-develop-oil-projects-in-kurdistan-with-exxon/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/14/turkey-state-oil-company-to-develop-oil-projects-in-kurdistan-with-exxon/</guid>
<pubDate><![CDATA[Tue, 14 May 2013 12:55:08 EDT]]></pubDate>
<description><![CDATA[Turkey's state-run oil firm has struck an agreement with U.S. oil giant Exxon Mobil Corp. (XOM) to develop joint projects in Kurdish-administered northern Iraq, the country's Prime Minister Recep Tayyip Erdogan said Tuesday.]]></description>
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