| 25.11.2008 - New entity in Amlak-Tamweel merger to get govt funding |
| From Reuters: The federal government of the United Arab Emirates will provide funds to a new entity that will house troubled Islamic lenders Amlak AMLK.DU and Tamweel TAML.DU, a Dubai government official said. Mohamed Alabbar, a member of the Gulf emirate's ruling council and chairman of Emaar Properties EMAR.DU, spoke in reference to a four way tie-up between the two Dubai-based Islamic lenders, the federal government's Real Estate Bank and Emirates Industrial Bank..... Full Article: Source |