| From Arabianbusiness.com: A long-planned merger between troubled Islamic mortgage firm Tamweel and Islamic lender Amlak has likely been scrapped, Tamweel's chairman said in a television interview on Monday.
"The idea of a merger has become unlikely," said Sheikh Khaled bin Zayed al-Nehayan in an interview with broadcaster al-Arabiya. "The biggest shareholder in Tamweel is (Dubai Islamic Bank) and there are no longer any thoughts on a merger, at least not at the present moment.".............................................Full Article: Source
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