Browse
related articles
Dubai banks suspend lending to real estate employees
- United Arab Emirates: Thursday, November 13 - 2008 at 08:21
A number of banks in Dubai have suspended lending to expatriate employees of leading real estate companies amidst fears of large-scale layoffs in the property market, Gulf News has reported. Emirates NBD, the region's largest lender, has suspended retail credit facilities to expatriate employees working with a few real estate firms due to possible restructuring. The bank has suspended banking services to employees of a dozen companies such as Tamweel, Amlak, Damac and its subsidiaries, Daman Investments PSC, Emaar, Nakheel, Sama Dubai, Dubai Properties, Union Properties and KM Properties.
Related Content
Article Options
Jeff Florian, Senior ReporterThursday, November 13 - 2008 at 08:21 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
