Thursday 8 December 2016
 
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payments

Saudi Arabia to pay dues by year-end

Saudi Arabia's government will pay by next month the money it owes private companies, a committee headed by Deputy Crown Prince Mohammed bin Salman was quoted as saying. The Council of Economic and Development Affairs came up

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Saudi Arabia to pay dues by year-end

Saudi Arabia's government will pay by next month the money it owes private companies, a committee headed by Deputy Crown Prince Mohammed bin Salman was quoted as saying. The Council of Economic and Development Affairs came up

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Saudi payments to contractors will increase soon, says minister

The payments to contractors working on mega projects in Saudi Arabia have been regularised and will rise in the coming period, said a report citing the kingdom's finance minister. Ibrahim Al Assaf pointed out that delays in st

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Saudi adopts Gregorian calendar for payments

Saudi Arabia has decided to switch from the Hijri calendar to Gregorian calendar for payment of salaries, wages, bonuses and allowances to all civil sector employees. The decision will be effective from October 1 and has been done

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Dubai to host top payments industry event

Dubai has been chosen as the venue for the leading payments event PayExpo Mena, which will be take place from December 5 to 7. PayExpo Mena (www.payexpo.com/mena) will gather over 1,000 industry leaders from the entire payments chain fr

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Mastercard unveils new mobile application

Mastercard, a leading technology company in the global payments industry, has launched its new mobile application for card products -Mastercard For You. Available for free on both Apple and Android devices, Mastercard For You is a

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Saudi Oger faces multi-billion-dollar debt restructuring

The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.

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Western Union, du to offer services benefits

The Western Union Company, a leader in global payment services, has signed an agreement with du, a leading telecom provider in the UAE, aiming to pursue joint efforts to benefit subscribers. The agreement was signed by Osman Sulta

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Bahrain payments firm wins top certification

Bahrain-based Arab Financial Services (AFS), a leader in electronic payments and consumer finance outsourcing services, became the first Payment Processor in the Middle East to achieve the prestigious PCI DSS certification on its latest version

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Top Korean firms face Mideast payment delays

Some of the major Korean construction firms are owed billions of dollars for construction projects carried out abroad, mostly in oil-producing countries in the Middle East, a report said. Work on a $6-billion refinery project in I

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