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UAE's Tamweel swings back to profit

Wed, 2011-02-16 13:46 — newsdesk

Islamic home-finance provider Tamweel PJSC, based in Dubai, announced on Sunday that it swung back into the black in 2010, posting a modest net profit of 7.08 million dollars.
The figure represents a "turnaround" from Tamweel's financial performance in 2009, when it posted a net loss of 14.8 million dollars.

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http://www.google.com/hostednews/afp/article/ALeqM5iKjJoUcvyhU-JI8Gvx70U...