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Real Estate News Alert.

Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Thursday, February 26, 2009

Islamic Banks and Gulf Real Estate Prices

Islamic banks face big hit from Gulf property -S&P
Reuters - USA
LONDON, Feb 25 (Reuters) - Islamic financial institutions (IFIs) face a significant hit on profits if real estate prices continue to fall in the Middle East, ratings agency S&P said on Wednesday. ...