Middle East Economic Survey
VOL. LII
No 45
9-Nov-2009
UAE
Merger Between Amlak And Tamweel To Be Completed By January 2010
A merger between the two largest UAE mortgage lenders, Amlak and Tamweel, will be completed by January 2010, the Minister of Economy told the press on 3 November. Tamweel and Amlak were among the first companies to feel the impact of the global financial slowdown and their mortgage lending came to a standstill. The crisis blocked their access to new funding and a merger has...
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