business / Finance
SLI opens up property trustSTANDARD Life Investments is to make its UK property unit trust available to private
investors.
Scotsman Tuesday, August 18, 2009More deals as market starts to pick upDEALS are still slow but CB Richard Ellis says that several are near completion with more on the way as the market starts to pick up.
Scotsman Tuesday, August 18, 2009Attrition of defined benefit pensions 'set to continue'HALF of the final-salary pension schemes open to private-sector workers will close to new contributions within the next three years, it has been predicted.
Scotsman Tuesday, August 18, 2009Banks, miners weaken marketTHE share market was in the red at noon with the mining sector weighing on the local bourse and following a weak lead from Wall Street.
The Australian Tuesday, August 18, 2009Dow Jones launches GCC and Shariah indexesDow Jones Indexes has launched a set of four conventional and Shariah compliant indexes that measure the performance of stocks listed in the GCC, Middle East and North Africa. The indexes are the Dow Jones GCC Index, Dow Jones GCC Islamic Market Index, Dow Jones GCC Titans 50 with Saudi and Dow Jones Islamic Market MENA indexes. The Dow Jones GCC indexes include companies from all six GCC states, while the Dow Jones Islamic Market MENA Index includes all GCC countries plus Egypt, Jordan, Morocco and Tunisia. [AMEInfo.com]
AME Tuesday, August 18, 2009Tax Issues When Starting a New BusinessYou've decided to take the plunge. You are going to start your own business. Congratulations! There are some tax issues you need to consider before you start pursuing your dream business.
E-Zine Tuesday, August 18, 2009Weak banks weigh on Bahrain bourseThe Bahrain All Share Index closed 0.70% lower at 1,512.53 points. Shares of Islamic investment bank Gulf Finance House (off 3.13%) and Al Salam Bank (down 2.70%) closed at $0.62 and BD0.108, respectively. Islamic bank Ithmaar, on the other hand, gained 2.38%, ending at $0.215. The Bahrain bourse is the worst performing market in the GCC as the default of two Saudi bank subsidiaries TIBC and Awal bank in May and June triggered a flight of capital out of Manama. Both banks, owned by Saudi family entrepreneurs Algosaibi and Saad, have been taken under the direct control of the Central Bank of Bahrain. [AMEInfo.com]
AME Tuesday, August 18, 2009Vodafone Qatar dips below QR9.00The Qatar Exchange (QE) could not rebound as the UAE exchanges did today and closed 0.55% lower at 6,819.54 points. Shares of Vodafone Qatar (off 4.30%), which were listed on one of this year's biggest IPOs at an issue price of QR10 on May 22, dipped below QR9 for the first time and closed at QR8.85. Real estate giant United Development Co, the builder of The Pearl Qatar, bucked the trend and added 0.26%, closing at QR37.80. Trading volumes dipped by almost a quarter to 9.7m stocks changing hands as
investors prepare to stay on the sideline during the Holy month of Ramadan. [AMEInfo.com]
AME Tuesday, August 18, 2009Abu Dhabi market adds 75 basis pointsLifted by strong bank shares, the UAE capital's stock market the Abu Dhabi Securities Exchange closed 0.75% higher at 2,803.91 points. Financial heavyweights Abu Dhabi Commercial Bank (ADCB) and National Bank of Abu Dhabi gained 4.92% and 2.67%, closing at Dhs1.92 and Dhs13.40, respectively. As oil prices climbed slightly higher (up over one per cent at $67.45), Abu Dhabi National Energy Co. (Taqa) added 0.62% and ended at Dhs1.61. Market bellwether Aldar Properties could not join the rebound today and lost 0.48%, closing at Dhs4.15. [AMEInfo.com]
AME Tuesday, August 18, 2009Sun rises to new heightsFROM a roller-coaster in the UK to goldmines in Papua New Guinea, one Queensland family business is riding a wave of success despite the downturn.
The Australian Tuesday, August 18, 2009 1 2
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