| 01.07.2009 - FNC delays banking merger over law |
| From Thenational.ae: The Federal National Council yesterday postponed the creation of the Emirates Development Bank (EDB) amid concerns over the law that would govern it. The new financial institution was announced in November as a proposed tie-up among the Abu Dhabi-based Emirates Industrial Bank (EIB) and Emirates Real Estate Bank, along with Amlak and Tamweel, two large Dubai-based Islamic mortgage firms.........Full Article: Source |