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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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Iran's reliance on oil revenues in the next Iranian year's budget is no more than 25%. (Shutterstock)
December 5th, 2018 - 09:47 GMT

Can Iran Really Afford to Manage Country's Economy Without Reliance on Oil Exports?

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. (Pinterest)
December 5th, 2018 - 09:21 GMT

272 Commercial Establishment in RAK Exempted From 50 Percent Renewal Fees, Fines

The pavilion is themed as ‘The Crosspoint for the Future’. (MEConstruction)
December 5th, 2018 - 09:11 GMT

Japan Unveils Its Pavilion Design for Expo 2020 Dubai

Crude oil is not among the list of products facing import duties, but traders said the positive sentiment of the truce also moved crude markets. (Shutterstock)
December 5th, 2018 - 07:44 GMT

Saudi-Russian Agreement Lifts Oil Prices by 5 Percent

The source pointed out the number of expatriate employees in the ministry decreased in the current fiscal year compared to the previous year when the number exceeded 1,500. (Shutterstock)
December 5th, 2018 - 07:36 GMT

Kuwait Halts 1080 Education Jobs Occupied by Expats

Foreign Ministry spokesman denies 'baseless' rumors regarding any agreement between Tehran and Seoul, local media reports. (Shutterstock)
December 5th, 2018 - 06:53 GMT

Iran Refutes Oil-For-Food Deal With South Korea

Sanan Nasibli during the forum
December 4th, 2018 - 12:38 GMT

Dubai Chamber Showcases Dubai’s Competitive Advantages at Interregional Export Forum in Russia

According to the agreement, 50 per cent of the total amount is scheduled to be paid off over the next two weeks, 25 per cent in February 2019 and 25 per cent in April.
December 4th, 2018 - 11:04 GMT

Libya to Pay off Its $220 Million Debts to Jordan's Hospitals

Despite the development, the monetary situation is still stable, noting that the Central Bank has other tools at its disposal to draw more funds. (Shutterstock)
December 4th, 2018 - 10:49 GMT

Almost $570 Million Converted to Dollar Account in Lebanon

Cryptocurrencies overall were flat, with the total coin market capitalization at $130 billion at the time of writing. (Shutterstock)
December 4th, 2018 - 10:39 GMT

Bitcoin Prices Still Tumbling While Calls for Regulations Persist

Forty countries are represented at the three-day event in Egypt, one of the Middle East's top military powers. (Shutterstock)
December 4th, 2018 - 09:49 GMT

Why Did Sisi Inaugurate Egypt's First Arms Trade Fair?

US special envoy for Iran Brian Hook rejected Iran’s insistence that its missile program is defensive. (Shutterstock)
December 4th, 2018 - 08:23 GMT

Will the EU Impose Sanctions on Iran Over Its Ballistic Missile Tests? the US Thinks It Should

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