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.
The advance in UAE markets stalls
The Dubai Financial Market General Index (DFMGI) fell by 77.18 or 1.59 per cent last week, ending at 4,762.21. Volume also fell, hitting a six-week low, while declining issues were a little more than
JPMorgan leaps to No 2 for Gulf bonds
JPMorgan Chase & Co is gaining ground in the debt markets of Gulf Co-operation Council states after the biggest US bank helped manage this month’s Islamic bond sale by Saudi Arabia’s utility.
QE Weekly Market Report
The Qatar Exchange (QE) Index gained 153.77 points, or 1.24%, during the trading week, to close at 12,550.98 points. Market capitalisation increased by 2.73% to reach QR728.6bn as compared to QR709.2
DIBPL records profit of Rs211m, establishes 150 locations
The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2013. DIBPL is a fully owned subsidia