UAE banks plan to let SMEs work off their debts | The National:
"Bank chiefs have launched a loan-restructuring scheme for indebted businesses where lenders work together to help firms to reduce their debt burden.
The UAE Banking Federation (UBF) revealed the plan yesterday aimed at struggling small and medium-sized enterprises (SMEs).
The move comes as progress on the country’s long-awaited insolvency law, which contains a similar framework for the restructuring of corporate debts, has stalled."
'via Blog this'
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