NewsTamweel
Enthusiastic response to Tamweel offers at Cityscape Dubai 2008
Tamweel PJSC, the largest provider of real estate finance in the UAE, has met with an extremely enthusiastic response to its finance offers at Cityscape Dubai 2008, including more than 470 registrations for property on the first day of the event, demonstrating the health of the market for well-priced...
Amlak and Tamweel have begun merger talks
Amlak and Tamweel, the UAE’s two publicly listed mortgage finance companies, announced on Saturday that they have begun merger talks. “With the blessing and support of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Amlak...
Tamweel deputy head arrested
Authorities in Dubai have arrested Abdullah Nasser Abdullah, the deputy chief executive of Tamweel, the country’s largest Islamic mortgage lender in a widening corruption and financial misappropriation inquiry, a senior company official has confirmed. “All we can confirm is that he was arrested on...
Police arrest 4 Sama Dubai employees over alleged corruption
Four officials of real-estate developer Sama Dubai have been arrested and are being questioned by Dubai’s Public Prosecution, adding to the number of persons under investigation over allegations of bribe-taking and other financial wrongdoings. One of the four people being held is Abdulsalam Almarri,...
Probe to impact markets
The police investigation into alleged financial irregularities by top executives at mortgage lender Tamweel and developer Nakheel will cast a shroud of uncertainty tinged with gloom on the stock markets this week. The latest round follows similar probe into Deyaar Development and Dubai Islamic Bank earlier...
Nakheel manager held in bribery investigation
Nakheel, the Dubai World company behind the three Palm Islands projects, confirmed to Gulf News on Friday that one if its senior employees is under investigation on bribery charges. Nakheel said in a statement last evening that an employee is being questioned by the authorities, but did not provide...
