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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 grant will be directed to improve the health and municipal affairs sectors in host communities, under the 2016-2018 Jordan Response Plan. (UNICEF)
September 28th, 2016 - 07:00 GMT

Jordan receives $20M Kuwaiti Fund grant for refugees, host communities

Egypt also decided to scrap the process of sending a team of six government officials to the port where the wheat was being shipped from. (Shutterstock)
September 28th, 2016 - 04:28 GMT

Egypt outsources wheat inspections to Swiss company, angering traders

The royal decree included a 20 percent reduction in ministers' salaries and a 15 percent reduction of salaries for Shoura Council members. (File photo)
September 28th, 2016 - 04:19 GMT

Saudi Arabia's stocks dip on news of austerity cuts

Egyptian agricultural products exported to Russia are estimated at $350 million annually. (USAID)
September 27th, 2016 - 10:30 GMT

Russia removes ban on imports of Egyptian fruits and vegetables

Apple farmers briefly cut off the highway from Jbeil towards Beirut and dumped their apples on the street in protest of alleged barriers to selling their products. (Panoramio)
September 27th, 2016 - 07:00 GMT

Them apples: Lebanon to regulate produce imports to protect local market

The royal decree also includes a 15 percent reduction in benefits toward a car and housing for Shoura members. (File photo)
September 27th, 2016 - 04:41 GMT

Saudi ministers' pay and perks cut as part of new austerity measures

Saudi Arabia suffered a deficit of $98 billion in 2015, while the projected shortage this year is $87 billion. (Shutterstock/Andrew V Marcus)
September 25th, 2016 - 11:30 GMT

No end in sight for the new norm of GCC budget deficits

An ECESR economist argues that the same economic structural problems persist, and the IMF adopts more or less the same approach towards countries as it did back in 1991.   (AFP/File)
September 25th, 2016 - 08:30 GMT

History repeats itself: Amid mounting loans, does Egypt have an economic vision?

An increase in the risks related to the country’s considerable external debt and the weakening in previously supportive credit fundamentals were the main factors for the rating cut. (File photo)
September 25th, 2016 - 06:30 GMT

Turkey's credit rating downgraded to junk status in coup aftermath

During the event
September 25th, 2016 - 03:40 GMT

Abu Dhabi Ports receives ISO 10002:2014 Certification in customer feedback management system

Al Olayan also appears on Forbes’ list of the “World’s 100 Most Powerful Women”. (World Economic Forum)
September 22nd, 2016 - 11:30 GMT

Saudi Arabia’s Lubna Al Olayan is the most powerful woman in the Arab world: Forbes

The conflicting regulations on wheat imports led to disturbances in the market as several shipments were rejected at the ports en route to Egypt. (File photo)
September 22nd, 2016 - 06:49 GMT

Egypt reinstates old wheat policy after decline in imports

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