I got an email from someone I know from the UK and she said she doesn’t try and think about Dubai these days as she has lost a lot of money due to the property …

Amlak Finance PJSC, the United Arab Emirates’ biggest mortgage lender by market value, temporarily stopped granting new home loans as the global credit crisis threatens Dubai’s property market and pushes mortgage providers to restructure.
“We are …

Dubai Islamic mortgage providers Amlak and Tamweel aim to complete their $1.6 billion merger rapidly as the global credit crisis strikes the Gulf.

(Picture: CRAIG SCARR)
The two firms’ chief executives said they expect to complete the …

Markets gave a cold reception to the proposed merger of Dubai-based mortgage lenders Amlak Finance AMLK.DU and Tamweel TAML.DU, as worries persisted about how the U.S. financial crisis would hit Gulf lenders.
Shares in both firms …