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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. ....

United Arab Emirates , Abu Dhabi Commercial Bank , Zouhir Regragui , Chicago Mercantile Exchange , Tradearabia News Service , Global Aluminium , Term Secured Overnight Funding Rate , Middle East , London Interbank Offering Rate , Chief Financial Officer Zouhir Regragui , Commercial Bank , Tradearabia News ,

OCC Releases Bank Supervision Operating Plan for Fiscal Year 2021

OCC Releases Bank Supervision Operating Plan for Fiscal Year 2021
marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.

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