Monday 20 October 2014
 
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Dana Gas signs deal to recover $280m owed by Egypt

Dana Gas has signed a revised deal with Egypt that will help it to recover most of the $280 million it is owed by the government for exploration and production assets in the country, the UAE energy company said.  

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‘Over 25pc in UAE falling behind on debt payments’

More than a quarter of respondents polled recently by compareit4me.com, a UAE-based finance comparison website, have admitted to missing a payment or making a late payment on their existing loans. The online survey, conducted between Ju

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VeriFone, ITS unveils EMV-ready payment terminals in Saudi

VeriFone Systems has unveiled two Europay, Mastercard and Visa (EMV)-ready payment terminals from VX Evolution, its latest line of portable and countertop terminals, in the Saudi Arabia market with its partner International Turnkey Systems Group

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Taysir, NileIT in mobile payment solutions deal

Taysir Holding and NileIT have signed a deal to offer mobile payment solutions within Egypt and various foreign markets. The strategic partnership will support Taysir Holding’s mission o introduce the Mobile Payment Solution

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Visa unveils digital solutions for secure payments


Visa, the global leader in payments, has unveiled the Visa Digital Solutions, a suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables. Commerce initiated with mobile phones a

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India pays final tranche of oil dues to Iran

India paid a third and final instalment of $550 million to Iran on Thursday, three industry sources said, part of the frozen funds released to Tehran in the interim deal with world powers. &nb

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RSG launches ‘easy payment plan’ for Qasr Sabah

RSG International, a UAE-based real estate and property developer, has launched the ‘easy payment plan’ on its property Qasr Sabah as part of its Ramadan offer.  

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PayFort’s new initiative to foster start-up growth

PayFort, a leading online payment provider in the Arab world, has launched its PayForward Initiative, an e-knowledge sharing and networking space designed to help start-ups find solutions to the challenges they are facing.  

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PayTabs solution to boost e-commerce in Mideast

PayTabs, a payment processing solution company co-owned by Saudi Aramco Entrepreneurship Ventures (Wa'ed), is set to launch its online payment processing solutions in Bahrain, Saudi Arabia and the rest of the GCC.  

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Nakheel to pay $59.88m sukuk profit

Nakheel, a leading UAE developer, has confirmed a profit payment of Dh220 million ($59.88 million) on its trade creditor sukuk. Instructions have been sent to Deutsche Bank, the registrar and paying agent for the sukuk, to make th

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