business / Finance
UAE may allow foreigners to get full business ownershipThe UAE is considering changes in its federal laws that would permit international companies to hold 100% ownership of businesses they establish in the UAE, The National has reported. Currently, foreigners must have a UAE national as a sponsor and are limited to a maximum 49% ownership of businesses in the country, except in free zones. The new legislation, which will be submitted to Cabinet within two months, are aimed at boosting foreign investment. 'A lot of industries worldwide are very interested to move here to the UAE, providing there are certain terms and conditions they would like to see in the industrial law,' Sultan al Mansouri, the Minister of Economy, said yesterday. <BR> <BR> <BR> <BR> <BR> [AMEInfo.com]
AME Monday, September 14, 2009Stocks lower in subdued tradingTHE Australian sharemarket has closed lower in subdued trading as investors waited for something to provide them with some solid impetus.
The Australian Monday, September 14, 2009Don't Forget State Tax AuditsThe mere thought of being audited by the IRS is enough to give most people the willies. There is a reason for that, but many people completely ignore state tax audits. This is a mistake given the fact such audits are going to rise dramatically.
E-Zine Monday, September 14, 2009The Whistleblower Office at the IRSThe IRS pursues a number of programs to track down revenues taxpayers fail to pay. You know about audits, but fewer people seem to be aware of the Whistleblower Office. Yes, the IRS will pay people to report on others who are not paying their fair share.
E-Zine Monday, September 14, 2009If You Operate a Home Business Online Or Offline, Don't Even Think About Hiding From the IRSSet up a good file keeping system in case you get audited by the IRS. Don't try to fool the IRS.
E-Zine Monday, September 14, 2009Dubai market strugglesTrading activity in Dubai could not prevent the main index from dipping below the psychological significant level at 2,000 points. With an advance-decline ratio of 2 to 20 the Dubai stock market DFM closed 1.81% lower at 1,993.24 points. Index heavyweight Emaar Properties lost 3.76% and closed at Dhs3.84. Only shares of Commercial Bank of Dubai (up 2.05% at Dhs3.49) and telecom provider du (0.71% higher at Dhs2.84) resisted against the general downtrend. [AMEInfo.com]
AME Monday, September 14, 2009Abu Dhabi dips below 3,000 pointsLosses in the real estate sector dragged the Abu Dhabi bourse ADX down to 2,994.47 points (0.78% lower). Sector bellwether Aldar Properties lost 2.38%, closing at Dhs5.35. Banks also headed lower, with Abu Dhabi Commercial Bank ending at Dhs2.22 (off 0.90%%). National Bank of Abu Dhabi (NBAD), the largest lender in the emirate, declined 0.73%, finishing at Dhs13.55. Today, the Securities and Commodity Authority (SCA) approved NBAD to buy 10% of its own shares. Trading remained lacklustre in Abu Dhabi as 72.1m shares changed hands. Seven stocks advanced, three remained flat and 26 shares lost value. [AMEInfo.com]
AME Monday, September 14, 2009Oil stocks weigh on Kuwait bourseThe Kuwait Stock Exchange (KSE) declined for the sixth consecutive day and its price index closed at 7,651.7 points (off 0.37%). Losses in the oil industry sector weighed on the market in particular. Oula Fuel Marketing Co. hit the bottom of the chart and ended 7.7% lower at KD0.300. Soor Fuel Marketing closed at KD0.270 (down by 6.7%). Kuwait Finance House (KFH) added 1.53%, closing at KD1.300. The Islamic bank KFH announced on Friday that its Turkish branch obtained a license from the German financial regulator BaFin to open a branch in the German city of Mannheim. On a later stage, KFH aims to expand a network of branches throughout Germany and Europe. [AMEInfo.com]
AME Monday, September 14, 2009Short-Distance Moves Make Retirees HappierResearch contradicts idea that seniors need to cling to their homes.
Forbes Monday, September 14, 2009Investing Gurus Go For BRICsEmerging economies are producing some of the world's best growth companies. Here are five that meet high standards.
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