Tamweel - UAE

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Recent Articles

• Tamweel denies central bank bailout12 November 2008

  UPDATE 1: Dubai mortgage lender says it has not received funds from central bank following media reports.

• Dubai's Tamweel Q3 profit rises 36.5%26 October 2008

  Islamic mortgage lender reports third-quarter net profit of $50.56mn, income more than doubles.

• Amlak-Tamweel merger 'complete by end of Q1 2009'21 October 2008

  Two firms' chief executives say they expect to move rapidly on $1.6bn merger.

• Gulf exchanges rise as global credit fears ease21 October 2008

  UPDATE 5: Emaar Properties shares boost Dubai benchmark ahead of anticipated buyback plan.

• Amlak, Tamweel merger talks progress20 October 2008

  Dubai Islamic mortgage lenders say they have begun consultation with key stakeholders.

• Banks cut mortgage lending limit by up to 25%8 October 2008

  EXCLUSIVE: Lenders in UAE reduce loan to value ratios amid global credit crunch.

• Amlak denies merger due to funding difficulties5 October 2008

  Dubai mortgage lender says proposed merger with Tamweel will drive growth plans.

• Amlak, Tamweel in merger talks4 October 2008

  UPDATE 2: Leading Islamic mortgage lenders have begun 'exploratory discussions' over merger.

• Tamweel axes Al-Shirawi from board15 September 2008

  Move comes day after Istithmar suspended prominent business figure as vice-chairman.

• Black day for Gulf markets as stocks nosedive 14 September 2008

  Main indexes end day down, with Qatar down 6%, Abu Dhabi and Dubai down 3%.

• Istithmar suspends Al-Shirawi, Kalthoum14 September 2008

  UPDATE 2: Ex-Tamweel execs suspended, news sends shares in mortgage lender down 10%.

• Real estate woes leave Gulf shares down11 September 2008

  Fatigue selling sets in as Oman index loses another 5% in 30% fall since June 12.

• Tamweel looks to shore up investor confidence10 September 2008

  Dubai mortgage lender says latest arrest will not affect finances as shares drop.

• Tamweel deputy CEO arrested9 September 2008

  UPDATE 1: Abdulla Nasser Abdulla detained by police in connection with 'ongoing investigation'.

• Trading thin on first day of Ramadan1 September 2008

  Total number of shares traded on Saudi index lowest in two years, mixed fortunes elsewhere.

• Tamweel says it's not under investigation21 August 2008

  Mortgage lender says corruption probe limited to former CEO and head of investments.

• Tamweel: Corruption probe will not hit profits19 August 2008

  Dubai mortgage lender remains on course for 80% profit growth - financial chief.

• Mixed performances on Gulf exchanges17 August 2008

  While bribery probe rattles Emirati investors, Saudi sees a positive in naming major shareholders.

• Dubai's zero tolerance pledge on corruption17 August 2008

  UPDATE 1: Emirate's public prosecutor promises strict and prompt action against offenders.

• Tamweel down 4% as Shirawi probe continues17 August 2008

  UPDATE 1: Islamic lender leads fall on Dubai bourse as investigation continues.

• Police arrest Adel Al Shirawi14 August 2008

  UPDATE 2: Tamweel says it is unaware of investigation into dealings of former chief executive.

• Tamweel poised to double its profits6 August 2008

  Dubai-based company makes confident prediction in note to investors and shareholders.

• Tamweel earnings triple on mortgage boom21 July 2008

  Dubai Islamic mortgage firm posts $57.4mn Q2 profit, but results below forecast.

• Tamweel and Amlak's income soars as Fed cuts kick in29 May 2008

  Islamic home finance companies Amlak Finance and Tamweel reported bumper net income in the first-quarter of 2008 as they tapped cheaper funds.

• Demand for commercial space to triple in 3 years14 May 2008

  CITYSCAPE: Demand in Abu Dhabi to grow by 1.5 mn m2 per year, Tamweel says.