Friday 24 November 2017
Land sales

Sri Lanka bans land sales to foreigners

  Sri Lanka has decided to ban land sales to foreigners after finding that some offshore investors did not use land and property purchases to benefit the nation's economy, the government spokesman said on Thursday.


Egyptian to drop Palm Hills, Kingdom cases

An Egyptian citizen who tried to overturn state land sales to Palm Hills and Saudi's Kingdom Holding has withdrawn the claims, saying there was little point continuing while the government is doing little to fight graft. Engineer Hamdy


NBAD posts 45.5pc jump in Q1 profit

National Bank of Abu Dhabi (NBAD), the Gulf emirate's biggest lender, said first-quarter profit rose 45.5 per cent after it boosted lending and included a one-off gain from the sale of land. Net income in the three months to March 31 rose

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