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In the past several months, continuing a practice begun with the 2016 acquisition of teen apparel retailer Aeropostale, Simon Property Group acquired a slew of retailers. In a way, bankruptcy courts last year served as shopping centers of a sort themselves. Simon, in partnership with licensing and brand management firm Authentic Brands Group (via their 50/50 joint venture, Sparc), bought Lucky Brand and Brooks Brothers; earlier in the year, with rival Brookfield, they bought Forever 21. At the end of the year, Brookfield and Simon snapped up J.C. Penney for a cash payment of $692 million and new term debt.
It s unusual, but there are reasons why a landlord might want to own its tenant, or even many tenants. Speaking to analysts last year, Simon Property CEO David Simon cited the most fundamental of all to make money while minimizing the risk by calling it a sideline business.
Robust performance indicators and numerous strategic development initiatives
Total traded value increased 24% to AED 66 billion
The DFM attracted 4,027 new investors, including 2,350 international investors
Foreign investors accounted for 50% of trading and 19% of market capitalization
Diversification of product offering with the introduction of equity futures and ETFs
Notable business continuity capabilities owing to the Smart Borse services
Dubai Financial Market Company (PJSC) today announced its results for the financial year ending 31 December 2020, posting a net profit of AED 137.9 million, a 14% growth compared to AED 120.6 million in 2019. Total revenues increased 7% to AED 337.2 million compared to AED 315.8 million. The total revenue comprised of AED 219 million of operational revenues and AED 118.2 million of investment revenues and others. Company expenses reached AED 199.3 million during 2020 compared to AED 195.2 million in 2019.
Longing For Yield? Check Out This Pair of Global X ETFs February 2, 2021
The Federal Reserve wasn’t expected to make a move higher on interest rates to start the new year, which kept yield-hungry investors starving. The
SDIV seeks investment results that correspond generally to the price and yield performance of the Solactive Global SuperDividend Index, which tracks the performance of 100 equally-weighted companies that rank among the highest dividend-yielding equity securities in the world, including emerging market countries. The fund is one of several products designed to offer exposure to a basket of dividend-paying equities, but one of few that combines this objective with a global scope.
Dividend payments to REITs, InvITs exempted from TDS daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Personal tax: Mostly procedural relief proposed for FY22
By IANS |
Published on
Mon, Feb 1 2021 22:36 IST |
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Income Tax. Image Source: IANS News
New Delhi, Feb 1 : A revenue constrained Union Budget 2021-22 did not offer much to personal taxpayers, with mostly procedural relief rather than an exemption cushion proposed.
The proposals presented to the Parliament by Finance Minister Nirmala Sitharaman exempted senior citizens of 75 years and above, who are dependent on pension and interest income from filing income tax returns. However, the paying bank will deduct the necessary tax on their income.
Besides, the dividend payments to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) from tax deduction at source (TDS) have been exempted.