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Petrochem stocks bounce back in Riyadh The Saudi stock exchange Tadawul extended its gains from yesterday by 0.77%, closing at 6,178.14 points as shares ended mixed. Similar to the trading in Abu Dhabi and Kuwait, Saudi investors favored shares of the real estate sector (up 2.11%). Emaar The Economic City, a $50bn real estate development in the north of Jeddah, advanced by 1.49%, finishing at Sr10.20. As oil prices stabilised above $65 per barrel, shares of petrochemical leader Saudi Basic Industries Corp. (SABIC) rebounded by 0.96% and closed at SR78.75. Filing & Packing Materials Manufacturing Co. topped the gainers' list by closing 9.72% higher at SR59.25. Seventy-two stocks gained territory while 42 declined in value. Twenty shares ended unchanged. AMEWhere real estate seems to be hitting bottom Homeowners looking to sell are also putting the brakes on the trend of aggressive price cuts, indicating that the market may be closer to salvation than previously thought. MsnCA Real Estate Recovery: Home Sales Increase for 14th Straight Month, Median Prices for 6th Month LOS ANGELES Sept. 25 Home sales increased 9 in August in California compared... Mr. SwingOver Dh140bn invested in UAE real estate in past five years Official figures by the UAE's Ministry of Economy show that real estate and construction investments between 2004 and 2008 attracted over Dhs140bn in capital, more than double the investment in the sector during the previous five years. It accounted for 21.6% of the total gross capital formation of Dh649.9bn during that period. Investment in the sector in 2008 surpassed capital pumped into the oil and gas sector and accounted for 23% of the total gross fixed capital formation of Dhs200.4bn, data showed. 'There could be a slowdown in construction activity this year, but I think there will be an increase in fixed capital formation as large projects started last year or the year before are still continuing,' an Abu Dhabi-based economist told Emirates Business 24/7. AMERates warning as grant end nears Real estate agents listed auctions in record numbers to attract buyers on the last weekend of the boosted first-home owners grant. The AustralianGoogle Wave Faces Tougher Test in Roll Out to 100K Users Google's Wave collaboration platform will soon face its first true test when the company rolls it out to 100,000 consumer and business users. Perhaps the biggest mystery is what companies will do to build on top of the Wave platform. British Telecom's Ribbit VOIP arm plans to launch telephony-based gadgets built specifically for the Google Wave platform. Moreover, Wave isn't the only company embracing real-time for collaboration. Companies such as Etherpad and Watchitoo already offer real-time collaboration. - The time for fun, buggy demonstrations with select media and analysts is over. Google's Wave collaboration platform will soon face its first true test when the company rolls it out to 100,000 consumer and business users. Google Sept. 30 will make the service, which lets users send ... eWeekLeno`s New Show Has Strong Opening Week For NBC Leno Has Strong Opening Week With New NBC Show, But Now Real Competition Sets In CBS NewsRisky business: States tax the rich at their peril This year, New York's deep-pocketed rich were required to dig even deeper to help shore up state finances. They now pay higher taxes on their income and on limousines and yachts, more to enter a horse in a race and more to dabble in real estate. Meanwhile,... Sponsored Topics: NewYork - real estate - Business - Tax - United States SF GateIn it for the long haul At the time, San Diego was a port town with only 40,000 inhabitants; local real estate developer Ulysses S. Grant Jr. was building a downtown hotel named for his presidential father; and driving ace Barney Oldfield had just set a world speed record of 70.3 mph at a racetrack in Lakeside. SignOnSanDiego.comFaith slowly returns to Australia`s property Reit market Australia's real estate investment trust sector is beginning to recover from devastation FT1 2 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]
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