Significant Increase in Credit Facilities Granted by Banks in Egypt: April 2023

Significant Increase in Credit Facilities Granted by Banks in Egypt: April 2023

08:50 PM – Sunday, October 8, 2023 The balances of credit facilities granted by banks amounted to about 4.518 trillion pounds at the end of April 2023, an increase of 954.3 billion pounds during the July/April period of the fiscal year 2022/2023. The statistical bulletin issued by the Central Bank of Egypt showed an increase … Read more

Top 5 Least Reliable Secondary Cars: Vauxhall Astra, Mercedes-Benz C-Class, Nissan Qashqai, Nissan Micra, Skoda Octavia, Mini Cooper

Top 5 Least Reliable Secondary Cars: Vauxhall Astra, Mercedes-Benz C-Class, Nissan Qashqai, Nissan Micra, Skoda Octavia, Mini Cooper

In the secondary market, motorists often prefer to choose cars with a gasoline engine rather than a diesel one. However, some cars can cause owners much more problems than joy due to their unreliability. In particular, the rating of the least reliable secondary cars is headed by the Vauxhall Astra hatchback, writes Daily Motor. Owners … Read more

Latvian Cooperative Credit Union Segment: Key Statistics and Performance Analysis for 2023

Latvian Cooperative Credit Union Segment: Key Statistics and Performance Analysis for 2023

Published: 08.09.2023. At the end of June of this year, 29 cooperative credit unions (KKS) operated in Latvia, which managed assets in the amount of 29.3 million euros. Over the past 12 months, the KKS segment has narrowed moderately: the total amount of assets decreased by 6.9%, the number of KKS decreased by two, but … Read more

The Best Cars for Elderly: Affordable and Low Maintenance Options

The Best Cars for Elderly: Affordable and Low Maintenance Options

The main criterion when choosing a car for the elderly, in addition to price, is the cost of ownership. The list of differences of such cars includes low fuel consumption, affordable spare parts with a large number of cheap analogues, low repair costs and the same inexpensive after-sales service, experts from Otkritie Avto (an auto … Read more

The Rise of Chinese Crossovers in the Russian Market: Chery Tiggo 7 Pro Max Takes the Lead

The Rise of Chinese Crossovers in the Russian Market: Chery Tiggo 7 Pro Max Takes the Lead

The best-selling crossover on the Russian market in July for the first time was the Chinese crossover Chery Tiggo 7 Pro Max. Prior to this, the Russians most often preferred the domestic Lada Niva Travel, writes “Russian newspaper” with reference to the study of “Avtostat”. This model was purchased last month by 4.8 thousand Russians. … Read more

SIAB Bank Joins Finstar Holding and Changes Name to FINSTAR BANK

SIAB Bank Joins Finstar Holding and Changes Name to FINSTAR BANK

Shareholders were invited to decide on the renaming of the Bank SIAB to FINSTAR BANK at the general meeting of shareholders on September 19, 2023. SIAB Bank will join the Finstar holding brand with subsequent renaming into PJSC FINSTAR BANK and the launch of the rebranding process. The changes will come into force after the … Read more

The Rising Popularity of Chinese Cars in Russia: Survey Results and Trends

The Rising Popularity of Chinese Cars in Russia: Survey Results and Trends

Almost two-thirds of Russians (64%) generally consider Chinese cars a worthy replacement for foreign cars that left Russia, and 59% agree with the statement that the quality of Chinese cars has become better. These are the results of a survey conducted by Otkritie Avto, the auto business unit of Otkritie Bank. 17% of respondents believe … Read more

AvtoVAZ Promises No Price Increases for Basic and Budget Cars Despite Reports

AvtoVAZ Promises No Price Increases for Basic and Budget Cars Despite Reports

AvtoVAZ has promised not to raise prices for inexpensive cars yet – basic and budget versions of cars with deep localization of production. At the same time, “correction” of prices for cars in expensive configurations is not ruled out, the company said. This is how AvtoVAZ reacted to reports from a number of media about … Read more

Digital Ruble: Russia’s Solution to International Payments Amid Sanctions

Digital Ruble: Russia’s Solution to International Payments Amid Sanctions

Work on the digital ruble began as early as 2021, i.e. before the invasion of Ukraine by Russian troops. However, due to the sanctions, the issue of its introduction is even more urgent. Last year, as part of sanctions, Western countries blocked leading Russian banks from accessing the SWIFT international payment system. For example, Russians … Read more

The Russian Ruble Collapses Against the Dollar and Euro: Stock Indices Show Negative Dynamics

The Russian Ruble Collapses Against the Dollar and Euro: Stock Indices Show Negative Dynamics

The Russian currency on Friday once again collapsed against the dollar and the euro, which in the course of trading exceeded the level, respectively, of 96 rubles and 106 rubles. At the same time, Russian stock indices showed negative dynamics. This is evidenced by the trading data of the Moscow Exchange. At 18:59 Moscow time, … Read more