12.05.2009 - Dubai's mortgage firm Amlak posts $55.5 mln Q4 loss
From Reuters: Dubai-based Islamic mortgage company Amlak Finance posted a loss of 204 million dirhams ($55.5 million) in the fourth quarter mainly due to a sharp fall in real estate investments income. Amlak, earmarked for a possible merger with its rival Tamweel TAML.DU, reported a decline in 2008 earning to 241 million dirhams from 301 million in 2007. It posted a net income of 126 million dirhams in the fourth quarter of 2008.......Full Article: Source