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News tagged with “amlak finance”. Found:
9 tagged news reports.

 

Your Search Returned 9 tagged news reports

 

Common Platform for Property Developers Mooted

Abu Dhabi :: United Arab Emirates | 28 days ago

Credibility Credibility of 5

A common platform for property developers will help them evolve joint strategies to face the ongoing crisis in the real estate industry, Gurjit Singh, Chief Operating Officer of Abu Dhabi-based developer 
Sorouh, said. Such a platform will also be able...

Tags: UAE, bin saeed, sultan bin, Abu Dhabi Outlook Summit, saeed al, Abu Dhabi Abu Dhabi, Dubai Television, Amlak Finance, economies sultan

Dh10b Approved for UAE Development Bank

Dubai :: United Arab Emirates | 5 months ago

Credibility Credibility of 5

The approval of the bill comes after the Cabinet approved the merger of the Emirates Real Estate Bank and Emirates Industrial Bank to form a new entity called Emirates Development Bank on May 31. “The government aims to develop and support various sectors...

Tags: funding plan, Amlak Finance

Dubai to raise cash

Dubai :: United Arab Emirates | 7 months ago

Credibility Credibility of 5

Dubai said it planned to raise another $10 billion by selling bonds this year to support state-linked companies through the financial crisis. Nasser Bin Hassan al-Shaikh, director general of Dubai’s Department of Finance, earlier revealed in a report...

Tags: Dubai's Department of Finance, Dubai’s Department of Finance, Tamweel To Restart Lending, Amlak Finance, UAE Central Bank, director general

UAE takes over two struggling mortgage lenders

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

Dubai's two-largest mortgage lenders, will be taken over by a government-owned bank as the global financial crisis squeezed their access to credit and slowed the regional property market. Amlak and Tamweel, whose stocks have fallen more than 80% this...

Tags: UAE Real Estate Bank, Amlak Finance, Ruler of Dubai, Tamweel, estate banks

Big slide in Tamweel, Amlak shares

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

In a bearish Dubai market, which fell close to seven per cent, shares of both companies slid, with Tamweel down 7.37 per cent to Dh3.52 and Amlak losing 3.94 per cent to Dh3.17. The impact of the continuing global credit crisis is being increasingly felt...

Tags: Amlak Finance, Middle East, Cityscape Dubai, index fell

Dubai mortgage lenders in merger talks

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

Two government-controlled mortgage lenders in Dubai with a combined balance sheet of Dh27bn ($7.35bn) have said they are discussing a merger, a sign that political pressure and strained liquidity may spur the consolidation of the finance industry in the...

Tags: Amlak Finance, Iraq, Dubai World, Tamweel, Dubai Islamic Bank, million cubic, UAE, cubic feet, mortgage lenders, merger talks

Dubai's Amlak, Tamweel say holding merger talks

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

The resultant [merged] entity would have a combined balance sheet in excess of Dh27 billion and serve as a financial powerhouse with the increased critical mass required to lead the region's real estate finance markets to the next stage in their ongoing...

Tags: Amlak Finance

Amlak eyes LE 500 million worth of mortgages this year

Cairo :: Egypt | about 1 year ago

Credibility Credibility of 5

Dubai-based mortgage lender Amlak Finance said Tuesday its mortgage disbursements in Egypt exceeded LE 130 million in the first quarter of this year. “Amlak Egypt has gained significant market share and continues to fortify its position in the local market,”...

Tags: Amlak Finance, Amlak Egypt, Egyptian

Amlak Finance first quarter profits soar by 425%

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

Sunday said that its net profit for the first quarter of the year rose to Dh126 million or a 425 per cent jump from last year’s Dh24 million. Amlak also reported a 165 per cent rise in revenues to Dh270million during the first quarter of 2008

Tags: Amlak Finance

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