Register for our free newsletter
Nokia charging back with full force
Saudi government websites targeted
The federal government has cut struggling Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said on Tuesday, in the latest effort to revive the Dubai mortgage provider whose stock has been halted since 2008.
March 20, 2012 10:59Emirates NBD, Dubai's largest bank by assets, could see its Tier 1 capital ratio fall by nearly 1.1 percentage points if it is forced to absorb embattled property lender Amlak Finance, HC Securities said on Sunday.
December 18, 2011 11:39World's highest restaurant in a building, at 442 metres; Creators: Opening signals pick-up after financial crisis
January 24, 2011 3:55Statement comes a day after Emaar said it may raise its stake in the lender.
December 16, 2010 4:16
Oil saving win-win drives Saudi solar power boom...
May 23, 2013 4:56
Ambareen Musa, founder of Souqalmal.com, reminds parents of the hidden and additional costs of education.
May 23, 2013 1:19
Gourmet burger chain expanding in the world's second most significant retail environment.
May 23, 2013 1:17
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
