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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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Vision 2030's emphasis on privatization of state assets is designed to help wean the economy away from oil dependency. (File photo)
April 26th, 2016 - 01:00 GMT

Saudi Vision 2030: A breakdown of the sweeping reforms

The IMF has encouraged steps to lift subsidies and tighten public sector spending. (AFP/File)
April 26th, 2016 - 11:00 GMT

IMF encouraged by Saudi reforms but warns of up to $540B in losses over low oil

During the event
April 26th, 2016 - 05:47 GMT

DP World and P&O Maritime win Cyprus port concession agreements

Increasing subsidy allocations will put stress on the state’s budget. (File photo)
April 26th, 2016 - 05:02 GMT

Egypt to increase subsidies in bid to battle food price hikes

More details of the sweeping changes are expected to be released shortly. (File photo)
April 25th, 2016 - 12:52 GMT

Saudi cabinet passes Vision 2030 plan, as the nation eagerly awaits details

The bill will now go to the Guardian Council, the constitutional supervisory body, for ratification before becoming law. (Wikimedia Commons)
April 20th, 2016 - 10:00 GMT

Iran's lawmakers propose $330B budget that doubles oil exports

French President Francois Hollande (C) delivers a speech as Defence Minister Jean-Yves Le Drian (C-L) watches on at the Prince Hassan French military base, some 100 kilometres from the Jordanian capital Amman on April 19, 2016. (AFP/Stephane de Sakutin)
April 20th, 2016 - 09:00 GMT

Hollande in Jordan: France aims to be top tier investor

Expat remittances to Lebanon have been dropping since 2014, and low oil prices will continue to limit the amounts sent to Lebanon. (Argaam)
April 19th, 2016 - 11:00 GMT

Expat remittances to Lebanon will continue to fall in 2016: Economist

Egyptian President Abdel Fattah al-Sisi (R) and his French counterpart Francois Hollande hold a press conference at the al-Qubaa palace in Cairo on April 17, 2016. (AFP/Khaled Desouki)
April 18th, 2016 - 11:00 GMT

Egypt, France sign $2.4B in deals as Cairo protests continue

Daesh has introduced new taxes including tolls for truck drivers, fees for anyone installing new or repairing broken satellite dishes, and 'exit fees' for anyone trying to leave a city.  (AFP/File)
April 18th, 2016 - 07:00 GMT

Daesh income drops by 30 percent: IHS report

Lebanese Prime Minister Tamam Salam (R) and French President Francois Hollande shake hands as they give a joint statement following their meeting in Beirut on April 16, 2016. (AFP/Stephane de Sakutin)
April 17th, 2016 - 12:22 GMT

Lebanon appeals to Hollande to help resolve maritime border dispute with Israel

Essential food items and daily necessities will be VAT-exempt. (File photo)
April 17th, 2016 - 11:00 GMT

VAT in GCC: Inflation could drive up costs of doing business

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