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Top News In மறுசீரமைப்பு நீதி அடித்தளங்கள் ஆஃப் பியர் மாநாடு ப்ரோக்ர்யாம் Today - Breaking & Trending Today

Creditor group to counter Dubai real estate fund's sukuk offer - sources

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DUBAI (Reuters) - A group of creditors plans to oppose the terms of an offer by Dubai-listed Emirates REIT to exchange $400 million in Islamic bonds for new instruments, four sources told Reuters.
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Emirates REIT on Tuesday offered to exchange unsecured sukuk for secured ones as part of a revamp aimed at bolstering the sharia-compliant real estate investment trust’s balance sheet, which has been hit by the coronavirus crisis.
The plan envisages extending the bonds’ maturity to 2024 from 2022, as well as a deferral of coupon payments for a year.
Creditors will be given instead first-ranking mortgage security over certain assets in Dubai and its financial centre with an aggregate value of about $280 million. ....

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Restoration : Should we / Shouldn't we? A discussion on preservation of cars

Re: Restoration : Should we / Shouldn t we? A discussion on preservation of cars
If I were to take a car and clean it everyday which involves wiping the paintwork daily chances are in 15 to 20 years I would have wiped the paint layer off and exposed the underlying primer. So also the leather.
So to ensure a car remains blemish free for a 100 years not only would I need to not touch the paint but store it in a climate controlled environment as the heat, moisture and cold of seasonal changes wreaks havoc even if a car is parked on stilts in a covered garage. ....

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Philippine Air mulling Chapter 11, in talks to reduce its fleet

Philippine Airlines Inc. is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the U.S. to carry out a restructuring, according to people familiar with the plan. ....

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Buenos Aires Times | Paris Club to spare Argentina from US$2.4-billion debt default

Group of major creditor nations willing to delay US$2.4-billion debt payment from Argentina due this month if the Fernández administration agrees to certain conditions. ....

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Welcome To IANS Live - ENTERTAINMENT - 1,000-yr-old Buddhist statues restored in China

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IANSLive
Beijing, May 13 (IANS) Twelve Buddhist statues in China s Shandong province dating back nearly 1,000 years have undergone their first renovation in 39 years.
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Update: 13-May-2021 ....

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