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Tamweel, Amlak to resume lending

Nasser Al Sheikh, director-general of Dubai Department of Finance, said Islamic home finance firms Amlak and Tamweel will start lending again within weeks as separate entities before moving forward with a likely merger. "As far as I know, their intention is to reactivate the two companies and then work on the merger," Al Sheikh told Emirates Business.

May 4, 2009
AME Info

Dubai Metro launching

New ID card application system

Migration puts pressure on rents

3 year guarantee for UAE bank deposits

Sharjah property to foreigners

Banks becoming more flexible



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