13.05.2011 - Dubai's Amlak Q1 loss soars on higher provisions
Troubled Islamic mortgage lender Amlak said on Thursday net loss for the first-quarter soared, hurt by higher provisions and a sharp drop in revenues. The Dubai lender made a net loss of AED53.9m ($14.67m) for the quarter, compared with a loss of AED3.1m during the same period in 2010, it said in a statement to the Dubai bourse.............................................Full Article: Source
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