BANKING

22 Jun 2017

China-led AIIB bank to discuss Egypt loan request in Sept: minister

The China-initiated Asian Infrastructure Investment Bank (AIIB) will start discussing in September an Egyptian request to have financing for some infrastructure projects in the country, Finance Minister Amr el-Garhy said Tuesday.

The"...

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22 Jun 2017

Schlumberger Recommends Stockholders Reject “Mini-Tender” Offer by TRC Capital Corporation 

(ME NewsWire)-- Schlumberger Limited (NYSE: SLB) (“Schlumberger”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC Capital”) to purchase up to 2 million shares of Schlumberger"...

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21 Jun 2017

Banque du Caire, Inmaa signs joint venture agreement to finance SMEs

Banque du Caire and Inmaa Financial Leasing signed a cooperation agreement to finance small and medium enterprises (SMEs).

Chairperson of Banque du Caire Mounir El Zahid said that this agreement comes within the"...

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20 Jun 2017

EBank facilitates digital banking with Fiorano 

(ME NewsWire)-- Fiorano Software, a leader in enterprise integration, today announced that EBank, a major Namibian commercial bank, has successfully implemented Fiorano ESB to integrate its Temenos T24 core banking system. EBank was looking for easy to configure middleware to handle multiple interfaces with the least requirement for onsite programmers. Fiorano ESB‘s out-of-the-box integration capabilities enabled EBank to rapidly onboard partners across multiple delivery channels. “We at EBank are impressed with the flexibility......

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20 Jun 2017

SMEDA signs EGP 150m contract for microlending with Banuqe du Caire

Executive Director of the Small and Medium Enterprise Development Authority (SMEDA),Nevine Al Gamea, and the chairman of Banque du Caire,Mounir El Zahid, have signed a contract for a project that aims to improve incomes, as well as marketing abilities through the provision of micro loans,"...

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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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17 Jun 2017

Triton Aviation Finance Announces Filing of Petition for Approval of Trustees’ Proposed Plan of Resolution

(ME NewsWire)-- Triton Aviation Finance, a Delaware statutory trust (“TAF”), announced today that it has filed a petition with the Court of Chancery of the State of Delaware (the “Chancery Court”), Case Number 2017-0454,"...

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15 Jun 2017

Orange Central African Republic and SES Networks Partner to Reinforce Connectivity in Country

(ME NewsWire)--SES (Euronext Paris:SESG) (LuxX:SESG) and Orange Central African Republic, a leading provider of corporate telecommunications and one of the largest mobile and internet services operators, announced today an agreement to provide"...

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14 Jun 2017

World Bank disburses $125mln tranche for Upper Egypt development: minister

The World Bank has disbursed $125 million in financial assistance to Egypt out of its $500 million Upper Egypt local development loan programme, Egyptian Minister of Investment and International"...

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13 Jun 2017

Visa to Roll Out Cashless Experience at the FIFA Confederations Cup 2017 

(ME NewsWire)-- Visa (NYSE:V), the Official Payment Service Partner of FIFA, today announced that football fans attending the FIFA Confederations Cup 2017 will have a front row seat to enhanced payment experiences at official FIFA stadiums. Visa"...

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