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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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A technical delegation from the IMF will be visiting Cairo this week in order to keep an eye on the implementation of the economic reform programme. (AFP/Saul Loeb)
January 15th, 2017 - 07:00 GMT

Details of $12B IMF loan to Egypt to be published this week

Omar Bushahab, CEO of BRL sector
January 15th, 2017 - 06:14 GMT

DED issues record licenses in 2016 as improved ease of business promotes investment and expansion

The World Bank estimates global growth will pick up to 2.9 per cent next year, also down 0.1 per cent from its June call. (AFP/File)
January 12th, 2017 - 12:00 GMT

GCC's economic recovery will be slightly slower than expected: World Bank

The Saudi government recently indicated that it will be implemented in the first quarter of 2018, against an earlier intention to adopt VAT by January 1, 2018. (Shutterstock)
January 12th, 2017 - 11:00 GMT

Lack of legislation risks delay of GCC VAT implementation

Economic activity in the oil and gas sector was weak across most of the GCC last year. (AFP/File)
January 12th, 2017 - 06:00 GMT

Weaker GCC economy threatens credit ratings: S&P

Urban consumer inflation hit an eight-year high of 19.4 percent in November, when Egypt abandoned its currency peg of 8.8 to the dollar.  (Shutterstock)
January 11th, 2017 - 10:00 GMT

Egypt: Inflation reaches second eight-year high as pound continues to plummet

During the event
January 11th, 2017 - 06:23 GMT

DP World reaffirms commitment to India’s growth at global CEO roundtable chaired by Prime Minister Modi

Lebanese President Michel Aoun's visit to Riyadh aims to restore ties. (Saudi Press Agency)
January 11th, 2017 - 06:00 GMT

Lebanon, Saudi to finalize agreement to prevent double taxation

The key drivers to bond issuances in the GCC during 2016, which more than doubled to $66.5 billion, were primarily the sovereign bond issuances by Saudi Arabia, UAE and Qatar. (Shutterstock)
January 9th, 2017 - 12:00 GMT

Diving deeper: Gulf debt issuance to surge in 2017

Al Bawaba
January 9th, 2017 - 11:00 GMT

Jordan: Trade volume under Agadir agreement has decreased since 2011

On Nov. 3, the central bank floated the pound without covering the import backlog, leaving businesses millions of pounds in debt.  (File photo)
January 8th, 2017 - 11:00 GMT

Egypt's currency devaluation leaves importers on the brink of bankruptcy

New taxes will be added to the existing ones, which are 100 percent on tobacco and alcohol, and that the total taxation on such products will become 200 per cent. (Pixabay)
January 8th, 2017 - 09:00 GMT

Price hike alert: GCC gears up for higher taxes on tobacco, soft drinks, luxury cars

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