business / Finance
Beltone, Kenana ink $1bn farm investment fundEgypt's Beltone Private Equity and Sudan's Kenana Sugar Company have signed an agreement to set up a firm to invest up to $1bn in large-scale agriculture projects in both countries, Reuters has reported. Under the agreement, Kenana, which produces 400,000 tonnes of sugar a year, will provide technical expertise for the venture and Beltone will manage investments and corporate finance. Kenana is 35.63% owned by the Sudanese government, 30.5% by the Kuwait Investment Authority and 10.92% by Saudi Arabia. [AMEInfo.com]
AME Thursday, August 20, 2009Glimmer of hope at Qatar ExchangeAfter plummeting 5.17% during the last six trading days, the Qatar Exchange added 0.16% and closed at 6,691.19 points. But trading volumes were down by almost a half and dipped to a four-week low with 6.5m shares changing hands in Doha. Food companies Zad Holding Co. and Qatar Meat and Livestock Co. posted the largest advances, closing higher by 4.20% and 2.29% at QR47.50 and QR13.50, respectively. Qatari banks lost territory, with Al Khaliji Commercial Bank was off 1.96% at QR15.00. Gulf Warehousing Co. remained flat at QR15.60. The firm entered into a QR4.7m deal for the duration of three years with Qatar Steel (a subsidiary of Industries Qatar, off 0.20% at QR99.40) with the aim to hire trailers. [AMEInfo.com]
AME Thursday, August 20, 2009Kuwait bourse dips 0.59%The Kuwait Stock Exchange (KSE) Price Index failed to react positively on surging oil prices and closed at 7,844.4 points (down 0.59%), with all sector indices losing territory. Telecom operator Zain plummeted 5.47% (ending at KD1.380) on profit bookings. Al-Abraj Holding posted the biggest profit (up 9.26%). According to Bank of America Securities Merrill Lynch the current spike in oil should be regarded with care as 'demand for gas oil and diesel in OECD countries is currently running 0.8 million b/d below last year and distillate inventories are at extremely high levels heading into the winter.' [AMEInfo.com]
AME Thursday, August 20, 2009Two gainers at Nasdaq DubaiShares of container port operator Dubai Ports (DP) World added 1.43% and closed at $0.35 with 1.8m stocks changing hands. Intetrior desginer DEPA Ltd. ended at $0.61 (up 0.99%). No other stocks were traded at the Middle East's only market abiding by international standards. [AMEInfo.com]
AME Thursday, August 20, 2009Real Estate - An In-Home Business, With Tax Write Off PerksOne of the best parts about being a real estate agent is that you have the power to be your own boss. You may align yourself with a specific over-arching company, but in the end you call the shots.
E-Zine Thursday, August 20, 2009Ten Thousand Villages Grows With Fair TradeTen Thousand Villages has mastered the art of nurturing affluent customers as well as impoverished craftsmen.
Forbes Thursday, August 20, 2009The 401(k) RethinkMillions of company employees are automatically enrolled in 401(k) plans. That's great news for fund firms but not necessarily for workers.
Forbes Thursday, August 20, 2009Standard Mileage Rate Or Actual Expenses - 7 Tax Tips For Sole Proprietors Using Schedule CAre you a sole proprietor who uses a personal car for business activities? You may be wondering which is a better deduction at tax time: the standard mileage rate, or actual expenses. I'm a big fan of the standard mileage rate. Here's why.
E-Zine Thursday, August 20, 2009Watchdog Sees Problems With IRS' Audits By MailTaxpayers suffer when IRS mishandles their responses.
Forbes Thursday, August 20, 2009
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