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BANKING

Schlumberger Recommends Stockholders Reject “Mini-Tender” Offer by TRC Capital Corporation 
June 22, 2017

(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 common stock, representing approximately 0.14 percent of Schlumberger’s shares of common stock outstanding. TRC Capital’s offer price of $65.63 per share is approximately"...

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EBank facilitates digital banking with Fiorano 
June 20, 2017

(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 of the Fiorano ESB, Enterprise Service Bus,” says EBank CFO, Gerald Riedel, “The application is user-friendly, highly agile and enables EBank to quickly and securely set up connections with third party systems. Fiorano ESB consumes a fraction of the resources normally required by similar applications thus mitigating the need to heavily invest in server infrastructure.” EBank’s vision is to empower customers......

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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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Triton Aviation Finance Announces Filing of Petition for Approval of Trustees’ Proposed Plan of Resolution
June 17, 2017

(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, in which it has requested, among other things, that the Chancery Court, after notice and a hearing, enter an order that provides for the orderly resolution and final accounting of"...

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Orange Central African Republic and SES Networks Partner to Reinforce Connectivity in Country
June 15, 2017

(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 connectivity services in the Central African Republic. Orange will be using SES Network’s IP Transit solution to deliver faster 3G services and better-quality internet connections"...

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Visa to Roll Out Cashless Experience at the FIFA Confederations Cup 2017 
June 13, 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 is implementing 1,600 point-of-sale terminals and deploying 120 mobile concessionaires throughout the stadium concourses, enabling a cash-free experience from kick-off to the final"...

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UAE Based Company Monitors Influential Social Media Accounts For Account Hijacking That Can Result In Spreading Of Fake News 
June 13, 2017

Every day, hackers and impersonators become more and more skilled and devious in their techniques and methods, the latest one being the hijacking of verified accounts on Twitter, Facebook, and Instagram (the accounts marked with a blue tick mark, with generally a very large number of followers). In a new attack method called DoubleSwitch, hackers take over verified accounts using either phishing or malware, renaming them as other more influential accounts with fake"...

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Bank Al Jazira launches first ‘Mobile POS’ service in KSA
June 7, 2017

Bank Al Jazira has signed an agreement with Geidea, the leading provider of unique innovative information technology solutions, to launch “Mobile POS” service for the first time in the Kingdom. This device provides the business sector with the latest electronic payment methods to facilitate the payment of purchases to their customers by delivering their products and services and collecting the amount of sales automatically and directly anywhere round-the-clock.

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SABB voted ‘Best Trade Finance Bank’ for the 9th consecutive year
June 7, 2017

SABB has been named by Global Finance magazine as the “Best Trade Finance Bank” in Saudi Arabia for 2017. This is the 9th consecutive year that SABB has picked up this coveted award, widely acknowledging SABB as the pre-eminent trade finance bank in the Kingdom. This comes on the heels of SABB being recently adjudged the best trade finance bank for 2017 by Euromoney.

The recognition"...

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Mavenir Launches Multi-ID, a Cloud Communications Platform for Innovation in Voice, Video and Messaging
June 6, 2017

(ME NewsWire)-- Mavenir, the leader in accelerating and redefining network transformation for Communication Service Providers (CSPs), announces the live U.S. commercial deployment in a Tier-1 operator and market launch of its unique and game-changing programmable cloud communications platform, Multi-ID that finally moves the user identity from the device to the person.

Consumers"...

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