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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
As reports surface that Emirates Islamic Bank and Dubai Bank could be merging, Kipp takes a closer look at bank mergers in the region. Are there more on the way?
October 4, 2010 4:40The merger process of the two UAE-based financial lenders has been facing several delays.
February 16, 2010 4:56The Dubai Financial Market (DFM) noted on Sunday that all its listed companies, with the exception of Amlak Finance and Tamweel...
November 15, 2009 2:18Dubai-based financial lenders Amlak Finance and Tamweel will…
November 3, 2009 2:56A senior executive at Shuaa Capital described the extended delay in the high profile merger…
October 11, 2009 3:27
Property prices on the Palm have dropped 40 percent; Amlak isn’t giving anymore mortgages; and buyers have vanished. For now, Dubai's property market doesn’t look good.
November 20, 2008 2:02
But is the proposed merger between Amlak and Tamweel good for the local banking sector?
October 5, 2008 9:17
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
