Saturday 25 June 2016
 
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Limitless set to make $536m early debt repayment

Dubai-based real estate developer Limitless has confirmed that its early payment of Dh2.07 billion ($563 million) to banks and trade creditors will take place on Saturday.   The announcement follows last week's announcemen

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Gemalto to deploy contactless EMV cards for NCB

Saudi Arabia's National Commercial Bank (NCB) has chosen Gemalto, a leader in digital security, to migrate its entire portfolio of credit cards to fast, convenient and secure contactless EMV (Europay, Mastercard and Visa) cards, according

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Japan makes $71m payment to back Morocco's green plan

The Japan International Cooperation Agency (JICA) has paid 720 million Moroccan dirhams ($71.8 million) backing Morocco's green plan programme, according to a report.   It is part of a 1.4 billion Moroccan di

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Sobha unveils payment plan for Dubai mixed-use project

Sobha Group, a leading real estate developer in India and the Middle East, has announced the launch of an extended payment plan for Sobha Hartland in Mohammed Bin Rashid Al Maktoum City, Dubai, its urban mixed-use development located in the epic

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Flydubai to pay $20,000 to families of crash victims

Dubai-based flydubai airline has announced that it will provide hardship payments of $20,000 to the families of passengers killed in the crash of its plane in Russia.    "At present, our priority is to identify and

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Egas makes first LNG payments for year

Egypt's state-owned Egas has made its first payments to liquefied natural gas (LNG) suppliers since payment terms for deliveries were extended, trade sources said.   Egypt imports around six to eight cargoes

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Network International to acquire EMP from Actis

Network International, a leading payment solutions provider in the Middle East and Africa, is set to acquire Emerging Markets Payments (EMP) from emerging markets private equity investor, Actis.    This will

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Bahrain EWA signs online payments deal with Benefit

The Benefit Company, which operates the electronic fund transfer system (EFTS), has signed an deal with Bahrain’s Electricity and Water Authority (EWA) allowing online payments for services by consumers, said a report in the Gulf Dai

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Bahrain EWA signs online payments deal with Benefit

The Benefit Company, which operates the electronic fund transfer system (EFTS), has signed an deal with Bahrain’s Electricity and Water Authority (EWA) allowing online payments for services by consumers, said a report in the Gulf Dai

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Saudi Arabia urged to help construction companies

A leading Saudi Arabian businessman has asked the King to intervene to ensure that the government makes delayed payments to construction companies, in a sign of growing pressure on the economy due to low oil prices. Some construct

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