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.
Plaza Premium wins Abu Dhabi Airports contract
Plaza Premium Lounge Management (PPLM), a leader in premium airport services, has won the contract for the renovation, management and operation of the Abu Dhabi Airport's hotel and lounges in Termina
Dubai $114m freehold property in big demand
A Dh420 million ($114 million) commercial freehold property in Deira was more than 70 per cent sold out on the very first day of the sales launch, seeing a huge response from Dubai’s small and medium
Batelco offers automatic bill payment
Batelco, a leading telecom company in Bahrain, has announced a new automatic bill payment service for its fixed line and mobile customers.
Customers are invited to visit any Batelco Retai
SABB launches graduates programme
The Saudi British Bank (SABB), a unit of HSBC, has launched a new development programme for Saudi graduates.
The 'SABB Managers Development Program’ for 2013 initiative comes in line with
Batelco's foreign ambitions crimped
Attempts by Batelco, a leading telecom operator in Bahrain, to offset shrinking earnings at home by expanding abroad have run into trouble as parts of its biggest acquisition have fallen foul of regu