DUB GAI

The Dubai government rocked global financial markets by announcing a week ago that state-controlled Dubai World was seeking a six-month standstill on credit payments.

Investors subsequently were alarmed when the head of the Dubai finance department said the government never intended to guarantee Dubai World's $59 billion in debt, the lion's share of the city state's borrowings estimated at up to $100 billion.

Dubai is still seen as the premier place to do business in the Middle East and beyond. It is a preferred base for not just Arab but Pakistani, Iranian and even Indian businesses, due to the wider region's political uncertainty

FORTUNE Top 50 women employees

1 Cynthia Carroll Anglo American ,Britain
2 Gail Kelly Westpac, Australia
3 Marjorie Scardino Pearson, Britain
4 Anne Lauvergeon Areva France
5 Barbara Dalibard Orange Business Services France
6 Barbara Kux Siemens Germany
7 Annika Falkengren SEB Sweden
8 Guler Sabanci Sabanci Holding Turkey
9 Maria Ramos Absa South Africa
10 Marina Berlusconi Fininvest Italy
11 Ana Patricia Botin Banesto Spain
12 Maureen Kempston Darkes GM U.S.
13 Nancy McKinstry Wolters Kluwer Netherlands
14 Chua Sock Koong Singapore Telecommunications Singapore
15 Chanda Kochhar Icici Bank India
16 Patricia Barbizet Artémis Holding France
17 Yang Mianmian Haier Group China
18 Dominique Senequier Axa Private Equity France
19 Deb Henretta Procter & Gamble Singapore
20 Sun Yafang Huawei Technologies China
21 Dominique Reiniche Coca-Cola Europe France
22 Antonia Ax:son Johnson Axel Johnson Group Sweden
23 Katrina Landis BP Britain
24 Angela Ahrendts Burberry Britain
25 Ann Pickard Royal Dutch Shell Netherlands
26 María Aramburuzabala de Garza Grupo Modelo Mexico
27 Maureen Chiquet Chanel France
28 Monika Ribar Panalpina Switzerland
29 Lubna Olayan Olayan Financing Saudi Arabia
30 Dong Mingzhu Gree Electric Appliances China
31 Kate Swann W.H. Smith Britain
32 Isabelle Ealet Goldman Sachs Britain
33 Christine Bosse TryGvesta Denmark
34 Clara Gaymard GE France France
35 Yoshiko Shinohara Tempstaff Japan
36 Nicola Leibinger-Kammuller Trumpf Germany
37 Neelam Dhawan HP India India

Free ATM usage Curbed

ONLY 5 TRANSACTIONS IN A MONTH
Not more than Rs 10k from other ATMs ... RBI has put a cap on thirdparty ATM withdrawal (When a cardholder is using other bank’s ATM) at Rs 10,000 per transaction and also limited the number of such transactions to five in a month. For more than five thirdparty transactions in a month, one has to pay Rs 20 per transaction.However, there will be no such limit when a cardholder is using his/her own ATMs. A senior official, who heads the ATM operation of a private sector bank, said the new scheme will be effective from October 1, 2009. RBI has already made all ATM transactions, including thirdparty ones, free of any extra charge. This has led to increase in the number of transactions taking place at third-party ATMs. The banker said that many customers started misusing the provision by withdrawing small amounts — even Rs 100 and that too almost daily. Your bank pays around Rs 20 per transaction to the other bank when you use its ATM to withdraw money. Even if you withdraw Rs 100 from any other ATM, your bank pays Rs 20 to that bank. This increases cost of operations for banks substantially. So, banks requested RBI to put a cap on the number of third-party withdrawals. Banks had also asked for a minimum withdrawal amount of Rs 1,000 for third-party transaction. But, RBI did not accept this demand as it would have affected small depositors.

Evaluate Stocks

Warren Buffet is considered to be a genius when it comes to stock investment. He recommends an important thing to investors that the stock (company) you are thinking to buy or invest should have been around for at least ten years. There are a number of factors to be considered befere investing in stocks.

Techniques to Evaluate Stocks are as following
• Company History
• Dividend
• Market Cap
• Cash Flow
• Price Earnings Ratio (P/E)
• Return on Assets & Return on Equity (ROA & ROE)
• Financial Leverage
* EBIDTA