Merger of Amlak & Tamweel- Deal or No Deal?

Merger of Amlak & Tamweel- Deal or
No Deal?

 

Amlak-Tamweel Deal rethink on another ploy to keep the
investors in the dark. A merger & acquisition was announced but no one bothered
to inform the investors who had their hard earned cash tied up in the market
.The investors are surrounded by so much negativity because there is no
transparency and accountability. All tradings were suspended without notifying
the investors. Do not these people have the rights to know what will happen to
their investment? The committee is said to be considering and reviewing various
options.

Mortgage Lenders’ Performance:

Amlak & Tamweel should evaluate their performance in the
light of the emerging market situation. Some analysts are of the opinion that
bailing out will make things worse. They think that letting these companies go
bankrupt is better off than bailing out. Experts are of the opinion that merging
the two high risk companies will essentially create more problems. The investors
are at their wits end because no one is giving any solution. If the company
sinks what happens to the investors who had their only saving invested in a
company which seem to be least concerned about the investors’ night mare. A
quick injection of liquidity could accelerate the process of recovery. Even if
the companies are nationalized then too the authorities should uphold the
interest of the shareholders. If the government fail them now, many investors
will lose confidence and hide their cash under the mattress. Investors should
not be ignored otherwise many law suits will follow.

 

Solutions !

Hopefully the investors will not have to take any drastic
action. Everyone was aware of the market manipulation but took no action. Over
indulgence and excess in this culture has brought about such a crisis. On a
brighter note most  expatriate investors remain convinced that the government
actions to be reinvigorate the economy with the nations substantial oil revenue
will help to provide a kind of a buoy to the market in this economic  turbulence.

Economic Gloom in U.A.E and The Expats

http://dubairealestateboom.blogspot.com/
Economic Gloom in U.A.E. & Expatriates’ Fate?
Posted on: 11 February 2009: 

Economic Gloom in U.A.E. & Expatriates’ Fate?
 

The growth rate in the UAE has been unprecedented in the last few years and the return to a more sane rate of growth was inevitable. The sudden economic slowdown came as a blow to many expatriates as few official information is ever made public. There is always a tendency to keep the general mass in the dark. Why the cover up? It is difficult to estimate the victims of this economic crisis as thousands of people have been asked to go on long leave or simply being laid off. Why weren’t the people warned about the dire situation? People have invested their life savings into the stock market and the value of the same has fallen below IPO rate.
Who could have foreseen such a gloom in a market which announced the constructions of many new towers every single day.The whole newspaper would be splashed with the figures of the property boom. All the talk that the market will be able to weather the global crisis much better than the West was only a gimmick to veil the real picture. Lack of transparency is deep rooted in the real estate sector. The developers and the agents cannot be trusted. No one wants to take responsibility. Hence, the general mass, which had faith in the market and the system are in a lot of trouble. The little money they had they wanted to own something in this country because it has become a second home. But their life has become a nightmare. Now their saving is with the developers and there is no way to get it back. They are not accountable to anyone. The laws of the country do not protect the gullible who dared to dream of a better life and a home. Who will listen to these people’s grievance?

What is needed to get Solutions?
The economy needs massive intervention by shot in the arms. The corrupt developers must be brought to justice to regain the trust of the community who think and love UAE as their home country. People have lost their hard earned cash and do not know who to ask for help because everything seems to fall deaf ears.
We all know the market, and the economy will pull itself through, may be in two or three years’ time. But will it be too late for some of us. It is our earnest plea the government of UAE to take the situation their own hands and help out the hard working people