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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 biggest problems the region faces is lack of infrastructure. "We have a plan to build a free zone in Turkey's southern province Kilis," Mustafa said. (Shutterstock)
November 22nd, 2018 - 05:53 GMT

Turkish-Liberated Syrian Region Boats 4,000 Functioning Firms

This came in the OIC's report to be presented to the 34th session of the Organization's Standing Committee for Economic and Commercial Cooperation (COMCEC) due to be held in Istanbul during the period 26-29 November 2018. (Shutterstock)
November 22nd, 2018 - 05:48 GMT

Report: OIC Country Members Exchange $ 481 Billion Worth of Intra-Trade

Recalling a visit to Sudan in 2017 by Turkish President Recep Tayyip Erdogan, he said that President Erdogan gave him clear instructions to help resolve Sudan's problems. (Shutterstock)
November 22nd, 2018 - 05:43 GMT

Sudan, Turkey to Establish $ 10 Billion Trade Ties

A malnourished Yemeni boy sits on a wooden bench on 26 September 2016. (AFP)
November 22nd, 2018 - 05:38 GMT

UAE, Saudi, Launch New $ 500 Million Humanitarian Aid Bridge to Yemen

The minister warned the UAE that "the handling of this case... will have repercussions for the relationship between our two countries, which has to be built on trust. (AFP)
November 22nd, 2018 - 05:34 GMT

Would the UK Consider Sanctions on UAE for British Student's Life Sentence?

VAT was introduced at a standard rate of 5 per cent.  (Shutterstock)
November 22nd, 2018 - 05:28 GMT

Saudi Calls on Businesses for VAT Registration Before Dec 20

“New initiatives in reference to SPV are being developed and our expert talks with them are continuing,” Araghchi added. (Shutterstock)
November 22nd, 2018 - 05:19 GMT

Iran Announces SPV Talks With Europe Are Progressing

The statement comes at a very sensitive time when the global spotlight is focused on Mohammed bin Salman, the crown prince of Saudi Arabia and the country’s de facto ruler, and on his potential role in the killing of the Saudi journalist Jamal Khashoggi in Istanbul on Oct. 2. (Shutterstock)
November 22nd, 2018 - 05:15 GMT

US, Saudi Relations Must Remain Intact to Keep Oil Prices Low, According to Trump

During the event
November 21st, 2018 - 10:53 GMT

Dubai Customs Launches 'Masar' Program for Better Strategic Planning and Corporate Performance

The study revealed that 35 per cent of the total investment in Fintech startups in Mena over the past 10 years were made in 2017; or Dh193 million out of the Dh550 million invested between 2008 and 2018 were completed last year. (Shutterstock)
November 21st, 2018 - 05:59 GMT

Funding for Fintech Startups in MENA to Jump to Dh 7.3 Billion in Next Decade

The deal with the CPF comes in light of the foundation’s targeting of thousands of young people across the Kingdom and its keenness on developing the youth’s capabilities to better serve their communities, the statement said. (Shutterstock)
November 21st, 2018 - 05:55 GMT

Jordan, UAE Sign $100 Million Fund to Support Entrepreneurs in Jordan

Global smart city spending is set to accelerate from $81 billion in 2018 to $158 billion by 2022, Dr Abdallah said, citing data from International Data Corporation. (Shutterstock)
November 21st, 2018 - 05:47 GMT

MEA Smart Cities to Spend $2.7 Billion on Technology

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