ALKESH SHARMA / Emirates Business The recent pact between online payments network giant ‘PayPal Holdings Inc.’ and leading global financial service provider ‘Visa Inc.’ is likely to reap rich benefits for both multinationals in the UAE. The agreement, which is expected to end the history of animosity between the digital payments company and Visa Inc., was announced this week. …

  Jeddah / TNS A Saudi-British agreement on free trade will see the light if both countries’ governments agree on its terms. This was stated by Chris Innes-Hopkins, executive director of the Saudi British Joint Business Council, in an interview with Asharq Al-Awsat newspaper. Hopkins said the council was encouraging British investments in Saudi Arabia in particular, with the adoption of …

  Reuters Libya’s Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports will depend on the state of the ports, a spokesman said. The PFG, which protects Libya’s oil terminals and fields, has blockaded the major eastern terminals of Ras Lanuf, Es Sider and Zueitina for …