Dubai Islamic Bank

Shares Fall on Insufficient Bailout Plan

Wednesday marked the second day for the UAE shares to take a fall, since the Dh50 billion fund facility provided by the UAE Central Bank is not enough to relax the credit deprivation in the country. The lawmakers did not agree to the Govt. plan to buy bad assets, and for this reason the markets also moved in the direction of the US stocks, which closed quite low.

Dubai Islamic Bank share suspension lifted

DIB (Dubai Islamic bank) informed yesterday that the ownership of land assets in Dubai land allocated to plantation holding.

Later in media reports bank stated that it looking to cover the exposure and recover funds given to Dubai - based property dealers. This effected market regulators to withdraw trading in DIB shares.