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Oil to fuel Saudi surplusEFG-Hermes Holding SAE has said that Saudi Arabia will post a fiscal surplus of 0.6% of its gross domestic product this year compared with an earlier deficit forecast of 4.8%, Bloomberg has reported. Kuwait, Qatar and the United Arab Emirates are all expected to post fiscal surpluses with crude prices averaging $50 a barrel this year, while Bahrain and Oman are expected to post a deficit this year, even with average oil prices above $70, EFG-Hermes has said. ?With regards to Oman and Bahrain, we believe that they will be able to easily fund their deficits through a combination of debt financing and tapping into reserves,? it said. [AMEInfo.com]
AME Monday, August 10, 2009Aussie stocks close flat
THE share market closed flat after pulling back from a 10-month intraday high, with the banks and big miners trading lower at the start of the reporting season.
The Australian Monday, August 10, 2009Home Business Income Tax - It's Tax Deductible
I used to work for a business that was a two hour drive away from me and I hated it. It was a terrible commute and the pay wasn't worth it to me. There are many good things about running your business from home. One of them happens to be that it is tax deductible.
E-Zine Monday, August 10, 2009Sabic shares soar 4.25% higher
The Riyadh-based Tadawul market gained 1.93%, closing at5,887.19 points with all sector indices adding value. Market bellwether Saudi Basic Industries (Sabic) consolidated its breakthrough above SR70, advancing by 4.25% to SR74.00. Al Ahlia Insurance (off 3.53% at SR61.50) and Saqr Insurance (down 2.36% at SR72.25) posted the largest retreats. The advance-decline ratio ended at a staggering 106:16. [AMEInfo.com]
AME Monday, August 10, 2009Quatar Exchange ends flat
Doha's Qatar Exchange (QE) added 0.07%, closing at 6,971.69 points with QR10.12m. Most banks outperformed the market with Al Ahli Bank and Qatar Islamic Bank posting the largest profits among the financials, closing at QR43.00 (up 4.12%) and QR90.0 (1.26% higher), respectively. Al Khaleej Commercial Bank, on the other hand, lost 0.61% and closed at QR16.10 after disclosing that it has a 'limited exposure' to Saad and Algosaibi groups, EFG Hermes reports. [AMEInfo.com]
AME Monday, August 10, 2009Abu Dhabi bourse closes slightly lower
Abu Dhabi's ADX market closed 0.72% lower at 2,837.94 points on dwindling volumes. Profit takings at shares of RAK Properties (off 2.53% at Dhs0.77) weighed on the General Index in particular. National Bank of Abu Dhabi (NBAD) convertible notes dipped 10% and closed at Dhs81. Abu Dhabi National Takaful bucked the trend and posted the largest gain of 9.87%. Meanwhile, the rating agency Standard and Poor's said in a report that a growing number of fund managers investing the Middle East and North Africa (MENA) are worried about a market correction being imminent. [AMEInfo.com]
AME Monday, August 10, 2009When Help Filling Out a Tax Form May Be Needed
Usually when people do their taxes very few problems tend to occur. However, not everyone is so fortunate as to have such luck where no problems occur. Occasionally people have problems with their employers or past employers giving them their W-2 tax forms. Without these forms, doing your taxes went from a fairly simple task to extremely frustrating especially for first time payers in the world of taxes.
E-Zine Monday, August 10, 2009Boeing Gets Lift, Sysco Sales Slide
Helicopter orders come in from Ottawa for Boeing.
Forbes Monday, August 10, 2009Theme parks on rocky ride
MACQUARIE Leisure Trust Group has reduced the value of its portfolio by 9 per cent to reflect the impact of the global financial crisis.
The Australian Monday, August 10, 2009Bond Report: Treasurys gain; investors rethink rate of recovery
Treasury prices rose at the start of the week, pushing yields down from two-month highs reached after government data last Friday showed the economy lost the fewest jobs since last August.
Market Watch Monday, August 10, 20091 2
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