Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. The juice mostly came from Europe, which appeared to finally find a strategy for taming its debt crisis.
Tag: Business
Wal-Mart: What Went Wrong?
Wal-Mart reported its ninth-straight quarter of same-store sales losses for its U.S. unit. Overall profit was up 5.7%, carried by overseas gains, but the U.S. business continues to suffer.
Target Corp. (NYSE: TGT) the second-largest U.S. discount retailer, may have found a strategy to oust Wal-Mart Stores Inc. (NYSE: WMT) as the No. 1 discount-shopping source.
Stocks plunge as economic, Europe worries continue
The Dow Jones industrial average plunged more than 300 points and erased its gains for the year as investors grew more concerned about economic weakness in the U.S. and Europe.
Invest in Abu Dhabi
Why you should Invest in the Industrial Sector?
Strategic geographic location.
Robust GDP growth.
State of the art infrastructure and a multi-modal transportation network.
Political stability.
Government commitment to large scale, structured investment programmes.
Double taxation agreements with several countries.
Preferential access to neighbouring and international markets through numerous trade agreements.
Safe and friendly environment.
Strong support by the Emirate for industrial projects.
GDP is projected to rise significantly over the coming few years driven by the oil and gas industry as well as the diversified manufacturing base.
Abundance of energy: Abu Dhabi owns vast hydrocarbon wealth accounting for 95% of the country’s oil reserves and 92% of its gas.
Focus on developing specialised economic zones in order to strengthen the national economy and to support it with additional income sources.
How to Start a Business in Dubai
Many people have developed successful, highly profitable businesses in Dubai. New operations are encouraged by the government and your local partner might be enthusiastically supportive. Export and manufacturing industries are especially strongly supported by government, particularly as regards the acquisition of land on which to construct a factory. If you set up such a business in a free trade zone, of which there are several in the region, it’s granted exemptions from import and export duties, commercial taxes, building and property license fees, land tax and restrictions on the transfer of capital invested in the zone.