Friday 12 February 2016
 
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Zero down payment offer launched for Toyota in UAE

Al-Futtaim Motors, the exclusive distributor of Toyota in the UAE, has launched a one-of-a-kind zero down payment purchase plan on all 2015 and 2016 Toyota models.   The offer will relieve customers from the hass

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UAE, Qatar drive RMB Tracker adoption in ME

UAE and Qatar are the most active Middle East countries using the RMB Tracker for direct payments with mainland China and Hong Kong, according to recent Swift data.   Last year, the UAE's use of the RMB accou

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BP's LNG shipment highlights Egypt's payment struggle

BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis could be jeopardising its energy supplies, traders said.  

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Saudi contractors' advance payments cut

Saudi Arabia's finance ministry has cut advance payments to firms doing construction work for the government to five per cent of the contract value from 20 per cent, a newspaper reported on Wednesday in a fresh sign of a clampdown on state s

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Du offers Blackberry Priv for one-off $40 payment

Leading telecommunications operator du is offering customers the brand new Blackberry Priv for a one-off payment of Dh149 ($40.5), on signing up for a 24-month contract.   The customers will benefit from 300 flex

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Du offers Blackberry Priv for one-off $40 payment

Leading telecommunications operator du is offering customers the brand new Blackberry Priv for a one-off payment of Dh149 ($40.5), on signing up for a 24-month contract.   The customers will benefit from 300 flex

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Iata aims at reducing fraudulent payment transactions

The International Air Transport Association (Iata) is expanding its activities to prevent payment fraud in the air travel industry, which costs an estimated $858 million annually. Of the total loss, approximately $639 million is borne b

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Contractors in Bahrain ‘hit by payments delay’

Delays in paying contractors working on Bahrain’s government housing projects are down to steps to ensure work is progressing as planned, according to a government minister. Housing Minister Bassem Al Hamer told the Gulf Daily News (

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Genel receives monthly oil payment from Iraqi Kurdistan

Genel Energy, an oil producer in Iraqi Kurdistan, has received a gross $16.5 million monthly payment from the Kurdistan Regional Government (KRG) for its share of oil exports from the Taq Taq field, the company said on Monday. The

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Kazmunaygas seeks up to $3bn in advance payments from Vitol

Kazakh state-owned oil and gas company KazMunayGas plans to receive up to $3 billion from trader Vitol in the form of advance payments for crude shipments from the Tengiz oilfield, KazMunayGas said in a statement on Wednesday. &nb

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