business / Finance
Oman June M2 growth slowest since 2005According to Oman's Central Bank figures, the Sultanate's money supply measured as M2 and stood at RO7.6bn ($19.74bn) on June 31, compared with RO7.02bn a year earlier, Reuters has reported. This marks the slowest pace of annual money supply growth since May 2005. Foreign assets declined by 4.1% in June to RO3.98bn from the month earlier, and 0.25% less than a year earlier. [AMEInfo.com]
AME Thursday, August 06, 2009Normura marks Mideast trio as buyNomura Holdings has given a ?buy? recommendation to Egypt's Orascom Construction Industries, El Sewedy Cables Holding and Saudi Cables. Nomura has also rated Arabtec Holding and Drake & Scull International "neutral" in new coverage. [AMEInfo.com]
AME Thursday, August 06, 2009Tax Resolution Help When You Have an IRS Bank LevyA bank Levy are a legal seizure of your property to pay a tax debt you owe to the IRS or state. If you do not pay your taxes or make arrangements to settle your debt, the IRS or state taxing authorities may issue a a tax lien, bank levy or seize and sell any type of real or personal property that you own or have. The most common target for these aggressive collections is your bank account.
E-Zine Thursday, August 06, 2009Hayat Communications surges further at Kuwait marketThe Kuwait Stock Exchange (KSE) Price Index added 27.6 points and closed at 7,748.3 points (up 0.35%). Shares of Hayat Communications soared 5.19%, ending at KD0.405. Hayatcomm almost doubled in value during the last four weeks. Advanced Technology Co.(ATC), which advanced by 55% from April 1st till July 28, lost on profit bookings and posted the largest retreat today (off 8.06% at KD570). During the last week, the KSE added 1.71% in mostly lacklustre trading sessions. [AMEInfo.com]
AME Thursday, August 06, 2009Federal Tax Credits For HomeownersTax credits are available for home improvements that result in increased energy efficiency. To qualify, the improvement must be made to the taxpayer's principal residence. In addition, the improvements must be placed in service sometime between January 1, 2009 and December 31, 2010.
E-Zine Thursday, August 06, 2009Small Business Tax Services to FindFirst time business owners need to understand the tax codes. Do you have the help you need to pull it off? There are ways to find help.
E-Zine Thursday, August 06, 2009DP World gains, Damas and DEPA remain flatAt the Nasdaq Dubai, shares of container port operator Dubai Ports (DP) World extended their rebound from yesterday, closing 2.86% higher at $0.36. Damas and DEPA Ltd. ended flat at $0.25 and $0.60, respectively, each with 100,000 shares traded. Some 8.86m equities changed hands in total. Contrary to its mother exchange in the US, the Nasdaq Dubai is closed on Fridays in order to abide by accepted Middle Eastern customs. [AMEInfo.com]
AME Thursday, August 06, 2009Qatar Exchange advances slightlyThe Doha-based Qatar Exchange's main index DSM20 closed 0.35% higher at 6,871.77 points with 10.72m shares changing hands(down by a quarter compared to yesterday). Ezdan Real Estate Co posted the largest profit (up 9.82% at QR31.30). Its competitor Real Estate Co., on the handed, dipped 1.22 lower to QR24.40. The DSM20-Index added 1.59% during the last week. [AMEInfo.com]
AME Thursday, August 06, 2009Gun Run Slows, Triggers MisfireAfter rallying strongly from last fall into the early springtime, gun stocks are pointing lower.
Forbes Thursday, August 06, 2009Where Do the Taxes Go?Where do the taxes you pay go? Some answers are really shocking.
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