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ISLAMIC FINANCE

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

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

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Saudi net foreign assets dip below $500b as BofA sees headwinds
May 29, 2017

Saudi Arabia’s net foreign assets dropped below $500 billion in April for the first time since 2011 even after the kingdom raised $9 billion from its first international sale of Islamic bonds. The Saudi Arabian Monetary Authority, as the central bank is known, said on Sunday its net foreign assets fell by $8.5 billion from the previous month to about $493 billion, the lowest level since 2011. That brings the decline this year to $36 billion.

“Didn’t"...

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