Jan 16, 2013
Since the Dubai World crisis of 2009, some broad strategic elements have emerged in the approach of the emirate's financial authorities towards debt. Read Article Dubai's innovative approach to debt smooths the way
Jan 16, 2013
Legal action involving Amlak Finance, an Islamic mortgage firm undergoing a government-led debt restructuring, will fall under a special judicial committee outside Dubai's normal legal system. Read Article Dubai shifts Amlak's DIFC cases to special committee
Jan 15, 2013
Bankers are optimistic that a full-scale restructuring of the $10bn debts of Dubai Holding could be imminent following the settlement of a legal action against a unit of the conglomerate. Read Article Unit's restructuring shifts focus to Dubai Holding
Mar 21, 2012
The Government committee overseeing the revamp of Amlak Finance, the failed Islamic loan company, agrees to reduce its debts by Dh4 billion. Read Article Amlak debt slashed by Dh4 billion
Mar 20, 2012
Markets Update: The Government has cut Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said. Read Article Government steps in to bolster Islamic lender Amlak's flagging fortunes
Nov 21, 2011
Three years after the stock market regulator suspended the shares of Amlak Finance, one of the largest financial institutions in the UAE, investors are still waiting for answers. Read Article Amlak investors forced to watch and wait
Oct 20, 2011
The Ministry of Finance establishes the Emirates Development Bank, a lender designed to fund real estate and other development projects, after a two-year delay and an aborted merger. Read Article Bank set up to fund property
Aug 17, 2011
Amlak posted a larger net loss as income from its core business fell and impairments more than doubled.
Read Article Losses widen for Amlak in contrast with rival Islamic lender Tamweel
May 13, 2011
Amlak posts losses for the first quarter, blaming a two-year freeze on new home financing and a rise in defaults. Read Article Financial limbo spurs further Amlak losses
May 10, 2011
Tamweel's shares are expected to fall sharply on its first day of trading for two years but analysts are more optimistic on its bond Read Article Market braced for Tamweel return
