BLOOMBERG  British banks expect to put the squeeze on the mortgage market in the coming months after signs emerged of business and household loan defaults picking up. The Bank of England’s (BOE) quarterly credit conditions survey showed that the availability of home loans will be curtailed in the second quarter (Q2). Lenders said that default rates on mortgages, unsecured credit …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded  Khemissi Arif, ambassador of Algeria to the UAE, the First Class Medal of Independence, on the end of his tenure as ambassador to the UAE. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, presented the medal to Ambassador Arif. Sheikh Shakhboot expressed his …

ABU DHABI / WAM Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, supplied its polyethylene material to a leading UAE pipe manufacturer to produce 1.8 metre diameter pipes that  will be installed for the processing of critical cooling water system at the new Borouge 4 project in Al Ruwais Industrial City. Union Pipes Industry (UPI), one …