ISLAMIC FINANCE

GA Telesis Closes New $225 Million Syndicated ABL Credit Facility with Oversubscription and Tighter PricingJune 19, 2017

(ME NewsWire)- Leading aviation company GA Telesis, LLC (or the “Company”) announced the closing of a new five year, $225 million ABL credit facility led by HSBC Securities USA and Fifth Third Bank as Joint Lead Arrangers. The company originally sought a new $200 million facility. Due to overwhelming interest from existing and new banks, however, the company upsized the facility with better terms than its previous credit facility.

The"...

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UAE-based Company Offers In-Depth Network Traffic Analysis To Discover Security Vulnerabilities That Can Threaten A Company’s IT InfrastructureMay 31, 2017

The WannaCry ransomware made it clear that detecting and patching vulnerabilities of IT systems and conducting thorough network assessments are vital to ensure a company’s data security. Unfortunately, IT departments and managers are routinely swamped with time-consuming tasks and chores, from backing up software to managing systems and applications to repairing computers and tending to user requests.

Enter Managed"...

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Jordan secures $100mln loan from Islamic Bank for Development May 21, 2017

The Islamic Bank for Development has given the green light to a $100 million soft loan to Jordan, the Ministry of Planning and International Cooperation said on Friday.

The loan will be used to fund an urgent health project in Jordan, the ministry statement said, adding that the loan agreement was reached during the participation of"...

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Jordan secures $100m loan from Islamic Bank for Development May 20, 2017

The Islamic Bank for Development has given the green light to a $100 million soft loan to Jordan, the Ministry of Planning and International Cooperation said on Friday.

The loan will be used to fund an urgent health project in Jordan, the ministry statement said, adding that the loan agreement was reached during the participation of Minister of Planning and International Cooperation Imad Fakhouri in the bank's Board of Governors annual meeting.

Under the agreement, $79 million would be provided"...

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