Tamweel, Amlak haven't filed for bank license

The UAE's central bank has not received an application for a license for a new bank that would result from the merger of Dubai Islamic mortgage companies Amlak Finance and Tamweel, Abu Dhabi-based Al Ittihad daily has reported, citing Sultan Al Suweidi, the central bank's governor. Tamweel and Amlak shares were suspended in 2007 and have not traded since. The UAE government said in November 2008 it intended to merge the two firms and has been working on a plan to restructure them.