Creditors of Dubai firm Amlak Finance are considering a restructuring proposal from the indebted mortgage lender, the United Arab Emirates’ economy minister said on Thursday, adding he expected it would reach a debt solution.
Amlak, a victim of the bursting of Dubai’s real estate bubble in 2008, is still without a solution that would see its business revived more than four years after its shares were suspended………………………………………..Full Article: Source