The mixed rate mortgage has become the queen of mortgage market to the detriment of the fixed mortgage and also surpassing the variable. This is shown by the data collected by the mortgage comparator iSavings in his latest analysis of the Spanish mortgage market during the first quarter of 2023. This trend, which was already … Read more
Cairo – Mubasher: The Ordinary General Assembly of Madinet Nasr for Housing and Development approved the report of the Board of Directors and the financial statements for the past year. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the general assembly agreed to distribute a cash coupon to shareholders … Read more
Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
A March 10 survey by the Federal Reserve Bank of New York released a survey showing that access to credit has become more difficult than it was a year ago, reaching the highest level since 2014 in more than a decade. (2023 REUTERS/Rachel Wisniewski) [ニューヨーク １０日 ロイター] A March 10 survey by the Federal Reserve … Read more
Tunisian President Saeed (pictured) said on May 6 that he would not comply with the International Monetary Fund’s “absolute orders”, rejecting the terms of the IMF’s financial assistance. February 2020 representative photo taken in Tunis (2023 REUTERS) TUNIS (Reuters) – Tunisian President Saeed said on Thursday he would not comply with the International Monetary Fund’s … Read more
He Ministry of Economy and Finance and the Andean Development Corporation (CAF) will sign a loan agreement for 75 million dollars to partially finance the “Project Implementation of the Specialized Higher Technical Institute – ITSE, Phase II”. The Andean Development Corporation through note OPAN-0262022 on February 7, 2022, it informed the Ministry of Economy and … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more