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Economy and Policy

Economy and Policy latest

DP World & Paypal to Collaborate on Cross-border Digital Trade Payments
October 3rd, 2025 - 08:55 GMT

DP World & Paypal to Collaborate on Cross-border Digital Trade Payments

DP World has signed a Memorandum of Understanding (MOU) with global commerce platform PayPal to collaborate on a first-of-its-kind digital payments initiative designed to simplify and speed-up cross-border trade. The agreement, which could see transactions executed in minutes rather than taking up to a week reflects DP World’s continued commitment to creating a secure and scalable marketplace for digital payments. DP World’s Digital Payments initiative will enable international merchants, shippers, exporters, importers, and marketplaces to complete cross-border payments with greater transparency, lower costs, and faster settlement times. Sultan Ahmed bin ...
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"We have lots of exchanges with other states, including South Korea, China and India, and we can import goods in lieu for crude exports to them," Hemmati told reporters on the sidelines of a cabinet meeting in Tehran. (Shutterstock)
November 29th, 2018 - 04:56 GMT

China Has Found a Way to Resolve Oil Payments to Iran. Will Other Countries Follow Suit?

Iranian Foreign Minister Mohammad Javad Zarif (L) speaks during a press conference with Iraqi Foreign Minister Ibrahim al-Jaafari in the Iraqi capital Baghdad on February 24, 2015. (AFP)
November 29th, 2018 - 04:49 GMT

US Medicine Sanctions on Iran Are Illegal, but Still Imposed

Electrical interconnection lines between Egypt and Saudi Arabia are scheduled to begin operation in the beginning of 2021, with a capacity of 3,000 MW. (Shutterstock)
November 29th, 2018 - 04:39 GMT

Saudi Invests $ 2 Billion in Egypt's New Power Plant

Al-Saraj said that Saudi Vision 2030 was motivating students, encouraging them to create their own businesses. (Shutterstock)
November 29th, 2018 - 04:33 GMT

Saudi Banks on Its Students to Transform Its Economy

“The enrichment of the Hajj and Umrah experience with historic and entertainment sites is an important goal that we seek to achieve through the unique efforts of entrepreneurs.” (Shutterstock)
November 29th, 2018 - 04:22 GMT

Saudi Encourages Entrepreneurs and Private Sector to Contribute to Hajj and Umrah Services

Jordan relies on Egyptian gas for 80% of its electricity generation, with the other 20% largely imported from Saudi Arabia and Iraq. (Shutterstock)
November 28th, 2018 - 06:52 GMT

Egypt-Jordan Gas Supply to Continue in January

The projects, implemented in cooperation with churches and Caritas Jordan, include contributing to the construction of a Latin church at the Baptism Site. (Shutterstock)
November 28th, 2018 - 06:47 GMT

Hungary Provides Jordan With $ 1.3 Million in Aid for Community Projects

Miguel Arias Canete (R), Commissioner of the European Commission in charge of Climate Action and Energy, and Vice-President of the Islamic Republic of Iran and Head of the Atomic Energy Organisation of Iran (AEOI), Ali Akbar Salehi shake hands during a joint press point in Brussels on November 26, 2018. AFP
November 28th, 2018 - 06:27 GMT

Iran Pleads With EU to Set SPV Deadline

Additionally Sabic has signed a Non-binding Memorandum of Understanding (MoU) with its subsidiary Safco (Saudi Arabian Fertiliser Company), to facilitate the integration of the newly formed company – Sabic Agri-nutrient Investments – with Safco, subject to regulatory and shareholder approval. (AFP)
November 28th, 2018 - 06:06 GMT

Sabic Consolidates All Its Agri-Nutrient Assets

White House advisor Jared Kushner, pictured in Saudi capital Riyadh in 2017, said the adminstration of President Donald Trump was in the "fact-finding phase" of the probe into the murder of journalist Jamal Khashoggi (AFP Photo/MANDEL NGAN)
November 28th, 2018 - 06:01 GMT

Kushner Applied Pressure on Saudi to Expand Arms Deal

External debt is compounded by rising domestic debt, which reached 3.4 trillion Egyptian pounds ($190 billion) as of the end of 2017, a 12 percent increase compared to the previous year. (Shutterstock)
November 28th, 2018 - 05:55 GMT

Will Sisi's New Austerity Measures Fix Egypt's Debt?

The Decision stated that the Marking Tobacco and Tobacco Products Scheme will go into effect as of January 1, 2019.
November 27th, 2018 - 12:30 GMT

H.H. Hamdan Bin Rashid Issues Decision to Implement ‘Marking Tobacco and Tobacco Products Scheme’ From January

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