Dubai-headquartered offshore supply vessel company Stanford Marine Group (SMG) has secured a AED 1.2 billion ($326.7 million) Islamic syndicated structured finance facility arranged by Noor Bank. The transaction is one of the first fully Islamic-backed finance deals in the oilfield services sector.
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In the wake of the Financial Accounting Standards Board (FASB)'s recently proposed changes to the way companies disclose information related to supply chain finance, TXF will conduct a live interview with Gary R. Buesser, board member at the FASB in the US. Register now.
The International Trade and Forfaiting Association (ITFA) has unveiled a new set of industry rules that cover the transfer of electronic payment obligations, which can be used to support the finance of international trade. ITFA outlines how the rules prepare the market for the practicalities of the digital world.
TXF’s Perfect 10 Awards recognise the best and brightest in export and commodities finance worldwide, and submissions are now open. Submit your deals by 31 December, and they will be considered by both the TXF Intelligence team and the broader market for recognition