Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt from the upcoming corporate tax regime, experts tell TRENDS.
Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board.
Lloyds Bank, the British lender, to shut down 48 branches
Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical network.Saudi Arabia’s Jabal Omar secures deal to restructure $1.25bn loan
Jabal Omar Development Company, one of Saudi Arabia's largest-listed property developers, has signed a deal to restructure a SAR 4.7-billion ($1.25-billion) loan agreed in 2015, including by increasing it and extending the maturity. The facility, provided by Saudi British Bank (SABB) and Samba Financial Group, will have a draw limit...
