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Sharemarket closes higherTHE Australian sharemarket reversed early resource-led losses to close in positive territory after strong gains in two major bank stocks.
The Australian Wednesday, August 12, 2009KSE - Companies must stick to distribution dates
The Kuwait Stock Exchange (KSE) has said that shareholding companies should abide by the article on the dates set for board members' meetings and the distribution of profits, Kuna has reported. End of the financial year meetings should be held during the 45 days after the market's management endorses companies' annual reports, KSE has said. Shares, once allocated, should be distributed to the shareholders in a matter of 10 days. Companies' transactions on the KSE would be suspended, should this condition not be met. [AMEInfo.com]
AME Wednesday, August 12, 2009UAE inflation may turn negative
Deutsche Bank AG has said that the inflation rate in the UAE may turn negative in the second half of the year, pulled down by housing and food prices, Bloomberg has reported. ?Our expectation of further declines in real estate prices would drag the housing component lower and a widening output gap will keep price pressures subdued more generally,? a London-based economist for the bank has said. ?A rebound in global trade should help Dubai but the pullback in construction and infrastructure spending suggests a return to previous high growth rates is unlikely?Abu Dhabi should fare better,? the report said. [AMEInfo.com]
AME Wednesday, August 12, 2009Dubai launches business community site
Dubai's Department of Economic Development (DED) has launched the new website of the Dubai business community designed to improve public access to business-related information and procedures. ?The new portal provides an interactive platform for our stakeholders and ensures their needs are met and queries answered promptly and accurately,? DED has said. DED has recently unveiled two new e-services on its website, allowing the reservation and renewal of trade names. [AMEInfo.com]
AME Wednesday, August 12, 2009Is Your Unclaimed Money With the Government?
Each agency of the federal government maintains its own database of unclaimed money lying with it. This makes a site like Unclaimed Money.gov unworkable, which is why it doesn't exist. The nearest things to Unclaimed Money.gov are the websites of the National Association of Unclaimed Property Administrators NAUPA and other unclaimed money sites.
E-Zine Wednesday, August 12, 2009Kuwait market retreats slightly
After rising over 12% during the last trading week, the Kuwait Stock Exchange (KSE) Price Index lost 52.3 points and closed at 7,856.7 points. Only the industrial and food sector indices posted profits. investors booked profits at telecom giant Zain, ending at KD1.280. Shares of troubled investment bank Global Investent House declined to KD0.120(off 6.25%). Global revealed a net loss of $101m for the second quarter and still in negotiations to restructure its debt fo Standard and Poor's downgraded Global to 'SD' (selective default) in december last 2008 after the bank had missed a payment on a loan. Its total debt stands at $3bn. [AMEInfo.com]
AME Wednesday, August 12, 2009Investors dump Gulf Finance House on weak Q2 results
The Bahrain All Share Index lost slightly, ending at 1,523.47 points (off 0.54%). The country's leading Islamic investment bank Gulf Finance House (GFH) closed 5.80% lower at $0.65. GFH reported a quarterly loss for the third consecutive time yesterday. Its net loss stood at $54m for the quarter ending at June 30, down by 151% compared to the result for the corresponding period in 2008. National Bank of Bahrain (NBB) bucked the trend, advancing by 3.57% to BD0.580. [AMEInfo.com]
AME Wednesday, August 12, 2009Saudi insurerers buck market decline
Riyadh's Tadawul All Share Index (Tasi) closed 0.41% lower at 5,845.68 points. While market leader and petrochemical giant Sabic ended flat at SR72.75, shares of National Petrochemical Co (off 1.03% at SR14.40) and Alinma Bank (down 0.76% at SR13.10) declined on high volumes and weighed on the index after in the US market indices were dragged down by negative comments from a leading financial analyst. The Tasi insurance and food sector index were the only segments which bucked the negative sentiment. <BR>Allied Cooperative Insurance Group posted the largest profit, ending 10% higher at SR68.75. [AMEInfo.com]
AME Wednesday, August 12, 2009CP 501 - Reminder Notice, Balance Due
CP 501 notice, Reminder Notice of Balance Due, is a simple letter that is easy to understand. If you have a balance due the IRS sends this letter. It is the first notice that is sent to let taxpayers know about money being due on their account.
E-Zine Wednesday, August 12, 2009Raising The Roof At Toll Brothers
The homebuilder surges again after a big bump last week. Bulls are wagering on more gains by next week.
Forbes Wednesday, August 12, 20091 2
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