From AFP: Dubai’s government said on Sunday it has given the green light to Dubai Islamic Bank for a majority stake in Tamweel, one of the emirate’s largest property finance groups.
DIB would now become the largest stakeholder in Tamweel with a 57.33-percent share, the government said in a statement, in a move to revive the property lending market that has suffered the worst by the global financial crisis……………………………………….Full Article: Source