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EGA breaks new financial ground in Mideast with first SOFR facility

Emirates Global Aluminium, the largest industrial company in UAE outside oil and gas, has agreed to a revolving credit facility tied to Term Secured Overnight Funding Rate (SOFR) instead of LIBOR, thus breaking a new financial ground in the Middle East. ....

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OCC Releases Bank Supervision Operating Plan for Fiscal Year 2021

OCC Releases Bank Supervision Operating Plan for Fiscal Year 2021
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