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.
Mashreq eyes new home near Burj Khalifa
Mashreq has signalled plans to relocate its corporate headquarters near Burj Khalifa from its long-standing home in Deira.
The move comes amid record earnings in 2014.
The bank
Energy sector mergers and acquisitions in focus
It is a question that faces the oil industry whenever there is a big shift in oil prices: what will be the effect on deals — on mergers and acquisitions, and on the buying and selling of assets?
Oil prices find traction, but huge glut remains
The oil market took some solace from signs that the glut that has weighed on it for the past few months may get some relief down the road, but there were other indicators that it will take considerab
Massar’s Abu Dhabi public offering likely to be put on hold
The planned initial public offering of Massar Solutions is likely to be put on hold after a disappointing take-up of shares against the backdrop of volatility in regional capital markets and falling
Investor acquires 50% in Fujairah’s Oryx in Dh500m deal
The UAE’s merger and acquisition scene has got off to a solid start to the year with First Equity Partners (FEP) acquiring a 50 per cent stake — valued at Dh500 million — in Fujairah-based constructi