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Emirates Islamic in talks over bank acquisitions

Mon, 2010-10-04 14:45 — newsdesk

Emirates Islamic Bank is in talks to acquire Dubai Bank and possibly Islamic mortgage lender, Amlak, Arabic Al-Ittihad has reported, citing unnamed sources. The move is in line with Dubai's efforts to integrate small and medium-sized banks into larger more competitive banking entities. Talks are in the initial stages for the acquisitions.

Source: 

http://www.ameinfo.com/243840.html