Banking

June 22, 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"...

June 21, 2017

Morocco Cenbank governor says no devaluation in dirham liberalisation

RABAT, June 20 (Reuters) - Morocco's central bank governor said on Tuesday the bank would announce the date of the first phase of the plan to liberalise the dirham currency by the end of the June, but the reform programme does not include a devaluation.

Governor"...

June 20, 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......

June 19, 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"...

June 17, 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,"...

June 15, 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"...

June 14, 2017

Moroccan Economists Criticize World Bank’s Bleak Morocco Report

The latest World Bank (WB) report on the Moroccan economy in 2017 is still a source of unrest for the Moroccan government. After being rejected by a large part of the government, the document is sparking the indignation of the Moroccan economists.

The"...

June 13, 2017

Path Solutions scores first core banking system deal in Morocco

Crédit du Maroc (CDM), a Morocco-based subsidiary of the Crédit Agricole group, has signed for Path Solutions’ iMAL core banking system to support its newly launched participative banking window. CDM has received an approval from the regulator’s Committee of Credit Institutions to launch a participative (i.e. Islamic) banking business. Path says the decision to implement iMAL followed an international request for proposals (RFP). This will be Path’s first client in Morocco, Banking Technology understands.......

June 13, 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"...

June 13, 2017

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

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)."...