Monday 23 December 2024
 
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Cash Payment

US denies $400m cash payment to Iran was ransom

The Obama administration said on Wednesday that $400 million in cash paid to Iran soon after the release of five Americans detained by Tehran was not ransom for them as some Republicans have charged. The five, including Washington

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Visa, ROAM in deal to boost mobile solutions

Visa has signed an agreement with leading mobile commerce provider ROAM, an Ingenico company, to enable merchants of all sizes to accept electronic payments using mobile technology. The companies aim to displace cash payments by e

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Egyptians opt to pay by cash: Report

Egyptians are opting for cash when dining out with 80 per cent choosing the traditional payment choice over a credit card, according to a new report by LivingSocial and YouGov. The social trends survey also suggests Egyptians are eating o

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Egyptians opt to pay by cash: Report

Egyptians are opting for cash when dining out with 80 per cent choosing the traditional payment choice over a credit card, according to a new report by LivingSocial and YouGov. The social trends survey also suggests Egyptians are eating o

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Nakheel starts cash payments to creditors

Troubled Dubai developer Nakheel on Wednesday said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, with the rest to come in the form of a bond in coming months. Trade creditors owed more

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Orascom denies Algeria cash payment reports

Egypt's Orascom Telecom has not offered to pay the Algerian government any money and Algeria has not given up its right of first refusal on the firm's lucrative unit there, a spokeswoman said on Saturday. Manal Abdel Hamid said media repor

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