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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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The project will be set up with the help of a consortium comprising some Egyptian investors. (Shutterstock)
August 8th, 2018 - 08:35 GMT

Saudi Arabia to Establish $1 Billion Medical City in Egypt

SIAG car manufacturing facility in Aqaba will produce SUVs as well as personal vehicles (Photo courtesy of SIAG)
August 8th, 2018 - 08:29 GMT

Jordan to Start Manufacturing Cars

On monthly basis, cash balance saw a surplus for first time this year. (Shutterstock)
August 8th, 2018 - 08:10 GMT

Turkish Treasury Records $160 Million Cash Surplus in July

Brent crude oil futures were up 86 cents to $74.61 per barrel at 1052 GMT and US West Texas Intermediate (WTI) crude futures were up 59 cents at $69.60 a barrel. (Shutterstock)
August 8th, 2018 - 08:03 GMT

Crude Oil Prices Rise as a Repercussion of US Sanctions on Iran

Since the early 1990s, Gulf nations have been turning to the PPP model to attract international investors, to energise the private sector and to develop local talent.  (Shutterstock)
August 8th, 2018 - 07:48 GMT

Report: Public-Private-Partnerships to Revitalize Economic Development in GCC

Prince Alwaleed bin Talal said he made the Snapchat investment in May. (AFP)
August 8th, 2018 - 07:42 GMT

Alwaleed Bin Talal Signs $250 Million Deal With Snapchat

Canada's Prime Minister Justin Trudeau's government is asking the UK and UAE to mediate in his country's diplomatic rift with Saudi Arabia. (Shutterstock)
August 8th, 2018 - 07:36 GMT

Canada to Ask UAE, UK Help in Defusing Dispute With Saudi Arabia

Sanctions against Iran were reimposed by Donald Trump in an executive order this week. (
August 8th, 2018 - 06:43 GMT

Trump Asks Countries to Pick a Side; Business With Iran or US

Egypt’s foreign reserves were $44.315 billion at the end of July, having climbed steadily since the securing of a $12 billion. (Shutterstock)
August 7th, 2018 - 10:38 GMT

Egypt's Foreign Debt Soars to $88.2 Billion

No charges are levied on the issuance of travel documents. (AFP)
August 7th, 2018 - 10:31 GMT

More Than 1,000 Pakistani Expats Avail UAE Amnesty Services

The increase in business inflows was due to the correlation between the strength of demand. (Shutterstock)
August 7th, 2018 - 09:33 GMT

Report: Remarkable Growth in Qatar's Private Sector

The real estate and business activities sector posted 3.7pc growth in Q1. (Shutterstock)
August 7th, 2018 - 09:06 GMT

Bahrain GDP Increases More Than 5 Percent Due to Higher Oil Prices

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