8 Min Read
DUBAI (Reuters) - Dubai’s debts have always been something of a mystery for investors but since the coronavirus pandemic hit its economy, things have got hazier, some say.
FILE PHOTO: View of Burj Khalifa the tallest building from the Business Bay area in Dubai, UAE July 8, 2018. Picture taken July 8, 2018. REUTERS/Satish Kumar
Over the past 12 months, two firms with links to Dubai’s government and its ruler, respectively, have said they would not meet hundreds of millions of dollars’ worth of debt repayments, a rare step in the Middle Eastern business hub, where debts are typically renegotiated and state support is often seen as implicit.
»Now Pay House Rent On Paytm And Get Up To Rs 1000 Cashback: Here Is How To Pay And Win Cashback
1-MIN READ
Now Pay House Rent On Paytm And Get Up To Rs 1000 Cashback: Here Is How To Pay And Win Cashback
Paytm is now offering a cashback of up to Rs 1000 for all home rent payments done using the Paytm app. Paytm also confirms that they will soon enable recurring payments through credit cards for tuition fees for your children, house help’s salary and more.
FOLLOW US ON:
India’s leading digital payments platform Paytm has announced that the Rent Payments feature is being expanded and now adds even more value for anyone who needs to pay their monthly home rent. There is now a cashback of up to Rs 1,000 in place for any and all rent payment transactions done using a credit card. And if you are making this transaction using a linked credit card that has the option, that’ll be eligible for reward points as well. Paytm is competing with the likes of CRED and NoBroker in the hous
3 Min Read
DUBAI (Reuters) - Saudi Arabia’s sovereign wealth fund has become an anchor investor in a new $300 million shariah credit fund launched by NBK Capital Partners (NBKCP) that will provide capital to mid-market companies in the Middle East, NBKCP said on Tuesday.
It did not disclose the stake taken by Public Investment Fund (PIF), which manages $400 billion in assets, but NBKCP said it was a nine-digit figure, meaning at least a third of the targeted $300 million. Fundraising closes next year.
PIF, which largely invests in equities and infrastructure, is making a rare foray into the debt market.
“We can touch parts of the economy that they (PIF) can’t touch as efficiently, so we end up being sort of this force multiplier for them in terms of getting capital into pockets efficiently,” NBKCP Senior Managing Director Yaser Moustafa told Reuters.
Sam Myers and James Dillard, the owners of a Minnesota moving company, noted that they “were at the brink of caving in and going out to find full-time jobs” after the pandemic began, and even though they started to get more work in June, three months is a long.