Here’s something to ‘tweet’ about
Sharjah Police: ‘Don’t give money to beggars’
Fighting the world’s biggest killer
Twist and shout
“Your customers aren’t fools”
Behind the curtain of Simone Heng
Chatting with the man behind Dubai City Pass
A business discussion with the author of ‘Connect The Dots’
Dubai Islamic Bank may acquire Tamweel
The bank owns a near 20 percent in the UAE-based lender.
June 3, 2010 9:57 by Rasha Reslan
Beleaguered UAE mortgage lender, Tamweel may be acquired by Dubai Islamic Bank,DIB, the UAE’s largest Sharia compliant lender.
DIB owns a near 20 percent stake in the distressed mortgage lender, Reuters reported Thursday.
Tamweel is currently negotiating with creditors to restructure unpaid debt. The current proposal includes a reported 5 year moratorium on the outstanding debt, at 4 percent annually, Reuters added.
More on GCC
-
UAE Regulator Says Bourse Merger Would Have “Many Advantages”
-
Online Learning On The Rise
-
Saudi’s Sipchem picks HSBC as adviser for Sahara merger
-
KOHLER Raids Counterfeit Center, Destroys Over 700 Products
-
Saudi Arabia Says MERS Coronavirus Kills Four More
-
Qatar Airways expands fleet
-
Qatar tightens caps on banks’ securities investment
-
Abu Dhabi’s Waha Capital Buys Stake In Healthcare Firm
-
Saudi Arabia plans to block WhatsApp within weeks
-
MERS coronavirus claims another life
-
Back to pre-crisis peak
-
Nokia Lumia 720 launches ‘Man of Steel’ campaign
-
Dubai World unit sells UK asset to Brookfield
-
UAE banks ask to permit loan transfers for Emiratis
-
Indonesians protest at Jeddah consulate
-
UAE Regulator To Allow Trading In Share Offer Rights
-
Citigroup To Exit UAE Interbank Rate Setting Panel
-
World’s largest mall to get bigger
-
Mediaquest acquires AME Info and SME Info
-
Emaar Plans JV With Dubai Holding For New Project
Lately on Kipp
-
Goal announces major rebrand and redevelopment in preparation for Brazil 2014
-
BlackBerry opens first regional store
-
Here’s something to ‘tweet’ about
-
Golden Systems Wins ‘Best Contribution’ Award from KINGMAX
-
Nabbesh.com appeals to the masses
-
UAE Regulator Says Bourse Merger Would Have “Many Advantages”
