Mexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.
A legal overhaul will let Mexicans who finance their homes with state-controlled Infonavit, the company founded in 1972 to give workers access to home financing, get the 30-year mortgages for the first time as soon as June. The lender, which has made about 4.4 million loans since 2001, also plans to issue mortgage-backed securities in pesos next year to match income with obligations, the first such sales since 2004.
Consumer electronics market to hit Dhs16b
With the UAE’s consumer electronics market forecast to reach Dhs16 billion by next year, Gitex Shopper has remains a critical platform for the region’s consumer electronics industry, organisers say.
alizz islamic bank wins ‘Best Credit Card’ award
In recognition of its commitment to customers in the banking sector, alizz islamic bank won “Best Credit Card” in Oman from renowned Banker Middle East, thus continuing to contribute to the Bank’s su
Emerging markets lose pace in July
The SABB/HSBC Emerging Markets Index (EMI), a monthly weighted composite indicator derived from national PMI survey reports in 17 emerging economies, fell to 51.7 in July, from 52.3 in June, indicati