Tag Archive | "dubai property"

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Former Tamweel CEO goes to jail for corruption in Dubai

The former chief executive of Islamic lender Tamweel and three other officials were handed jail terms by the Dubai criminal court on Sunday, following a corruption probe aimed at boosting transparency in the Gulf Arab emirate. Adel al-Shirawi, who was dismissed as Tamweel chief executive in 2008, was found guilty of accepting bribes and profiting [...]

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Dubai Property prices are rising again

Dubai property prices rose in the third quarter for the first time since the emirate’s property market crashed late last year, but are still almost 50% lower than a year earlier, U.K.-based real estate consultancy Colliers International said Tuesday. Prices increased 7% between July and September from the second quarter — the first price jump [...]

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