| 23.10.2008 - Merger of key property lenders in Dubai to move forward rapidly |
| From Propertywire.com: Dubai Islamic mortgage providers Amlak and Tamweel aim to complete their $1.6 billion merger rapidly as the global credit crisis strikes the Gulf. Both firms are facing medium and long term funding problems which are regarded as a sign of how the global finance crisis is now affecting Dubai. More real estate developers and lenders in the region are expected to follow similar plans and merge..... Full Article: Source |