ISLAMIC FINANCE

20 Jun 2017

Egyptian construction company resolves USAID false claims charge with $1.1M settlement

A construction company based in Cairo, Egypt, has agreed to a $1.1 million settlement following allegations it violated the False Claims Act and the Foreign Assistance Act.

In the 1990s Misr Sons Development S.A.E. (also referred to as Hassan Allam Sons, or HAS) was part of"...

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19 Jun 2017

GA Telesis Closes New $225 Million Syndicated ABL Credit Facility with Oversubscription and Tighter Pricing

(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"...

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31 May 2017

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

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"...

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