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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 compensation does not include indirect losses. (Shutterstock)
November 19th, 2018 - 07:23 GMT

Kuwait Endures More Than KD 300 Million in Losses Due to Bad Weather

The personnel changes are somewhat surprising because the LEF’s performance during the unrest of the past year has been effective. (Shutterstock)
November 19th, 2018 - 07:16 GMT

With Contradicting Statements on Iran's Economic Performance, Which One to Believe?

Jordan’s Prime Minister Omar al Razzaz said on Sunday the kingdom will pay a heavy price if parliament fails to approve new IMF-backed tax legislation. (AFP)
November 19th, 2018 - 06:51 GMT

Will Jordan Vote in Favour of New IMF-Backed Tax Law?

The final round produced plenty of drama for almost 65,000 fans that attended Dubai’s biggest golf event, which has been supported by Emirates for the last nine years.
November 19th, 2018 - 06:20 GMT

Danny Willett Is Crowned the DP World Tour Champion, as Season-Ending Race to Dubai Comes to a Finale

The campaign, titled the Nation Free of Illegal Expats, was launched late last year with the participation of 19 government and private sector agencies, including the Ministry of Labor and Social Development and the Passport Department. (Shutterstock)
November 18th, 2018 - 06:07 GMT

Report: Saudi Crackdown Results in 2.1 Million Expat Arrests Since 2017

Masri highlighted the potential role of a railway project which could free up roads. (Shutterstock)
November 18th, 2018 - 06:02 GMT

Jordan Mulls Railway Project to Boost Economy and Ease Traffic Gridlock

At the conference, which was held in Paris in April, the international community pledged $11.8 billion in soft loans and grants to Lebanon, a portion of which was contingent on reforms. (Shutterstock)
November 18th, 2018 - 05:56 GMT

Lebanon Discusses Economic Reform With World Bank

After demanding a firm stand and commitment by all oil producers, it went full blast to waivers and exceptions. (Shutterstock)
November 18th, 2018 - 05:51 GMT

Oil Producers Retaliate Against Trump's Iran Sanctions Waivers With $70 Price Tag per Barrel

Now, as mentioned on the ministry website, people also have the option of carrying a debit card. “Applicant must be in possession of a valid credit or debit card. (Shutterstock)
November 18th, 2018 - 05:40 GMT

Indians Get Visa-Free Entry to Qatar, With One Condition

Iran's Caspian field, Sardar-e Jangal, was discovered in 2001. According to initial estimates, this field holds 50bcm of natural gas and 2bb of oil - of which Iran could expect to obtain 500 million barrels. (Shutterstock)
November 18th, 2018 - 05:12 GMT

Why Isn't Iran Exploiting Its Shared Oil Fields With Azerbaijan?

The JCPOA was signed in 2015 by Iran, the European Union and the Group 5+1 of countries (China, France, Russia, the United Kingdom, and the United States plus Germany). (Shutterstock)
November 18th, 2018 - 05:04 GMT

EU, South Africa Urge World Leaders to Uphold JCPOA Agreement With Iran

Stating the EU supports Abdul-Mahdi and his government, Mogherini said the EU is ready to support Iraq in politics, finance and security, the statement added. (Shutterstock)
November 18th, 2018 - 04:58 GMT

EU Rushes to Iraq Aid Post US Sanctions on Iran

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