Thursday 31 July 2014
 
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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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2,000 garment unit workers go on strike in Bahrain

Work at a Riffa garment factory ground to a halt yesterday as nearly 2,000 employees went on a strike over allegations of abuse, withheld payment and forced deportation.   The walk-out at MRS Fashions in Hajiyat

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IKaaz to offer mobile payments services in Kenya

India-based mobile payment platform iKaaz is set to offer its popular NFC and Bluetooth-powered cloud based payments platform to consumers in Kenya.   Following a successful entry into the Nigerian market with co

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CrediMax unveils new payment option

Credit card issuer CrediMax has announced the launch of a service that allows customers the option of paying for purchases in their currency of choice. The company said the Dynamic Currency Conversion (DCC) service is the first of

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Expert presents new mobile payment system

An expert presented a new system at a New York summit aimed at achieving the universal acceptance of mobile payment to increase its utilisation.   Mobile payment expert Sammy Tuffaha affirmed the imperative need

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Iran asks India for $1.5bn oil payments

Iran has asked India for $1.5 billion in back oil payments under the nuclear deal that provides Tehran some relief from Western sanctions, Indian sources with direct knowledge of the matter said. If the payments are approved, this

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