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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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Egypt would set a VAT rate of 1% for SMEs under the proposed Act. (Shutterstock)
November 14th, 2018 - 08:22 GMT

Egypt Finalising Draft Law for SMEs

In a statement, Hasan Turan, the head of parliament’s Turkey-Palestine parliamentary friendship group, criticized the UN for merely criticizing Israel’s Monday attack on Gaza. (Shutterstock)
November 14th, 2018 - 08:16 GMT

Turkey Calls for UN Sanctions on Israel

Turkey's Independent Industrialists’ and Businessmen’s Association (MUSIAD) opened a representative office in Oman. (Shutterstock)
November 14th, 2018 - 07:00 GMT

Turkey Eager to Strengthen Business Ties With Oman via Office Launch

The use of local currencies in trade between Turkey and Russia is "necessary".
November 14th, 2018 - 06:50 GMT

Turkey, Russia Forge Ahead With Using Local Currencies to Counter 'Other Countries'

Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments. (Shutterstock)
November 13th, 2018 - 11:12 GMT

Turkey Receives $200 Million for Public Energy Sector Investments

Women are the least paid and their participation in the labour market is recorded much more in the informal sector and in vulnerable activities. (Shutterstock)
November 13th, 2018 - 11:07 GMT

With More Women Working, MENA's Growth Can Reach $ 600 Billion a Year

Will Lebanon Witness Another Wave of IMF Instructions? (Shutterstock)
November 13th, 2018 - 10:26 GMT

Will Lebanon Witness Another Wave of IMF Instructions?

Iran has kept its stock of low-enriched uranium and the level to which it refines uranium within the limits set by the JCPOA. (Shutterstock)
November 13th, 2018 - 09:59 GMT

Iran Honouring Its JCPOA Commitment Regardless of US Sanctions

US Secretary of State Mike Pompeo has told Saudi Crown Prince Mohammed bin Salman that Washington will hold accountable all those involved in the killing of Khashoggi. (Shutterstock)
November 13th, 2018 - 09:51 GMT

Trump, Pompeo Not Losing Sight of the Bigger Financial Picture With Saudi

The United Nations decided to increase their aid to $14 Million, instead of the $7 Million. (Shutterstock)
November 13th, 2018 - 08:52 GMT

UN to Double Yemeni Food Aid to $14 Million as Starvation Looms

Kuwait has called for frozen funds to be returned. (Shutterstock)
November 13th, 2018 - 07:59 GMT

Kuwait Demands Release of Its Frozen $500 Million From Dubai

Their contribution in aid to the impoverished nation which faces a devastating Saudi war and blockade amounts to just two percent of their revenues from the arms sales. (Shutterstock)
November 13th, 2018 - 07:49 GMT

EU Arms Sales to Saudi Arabia and UAE at $86.7 Billion, While UN Yemen Mission Is Underfunded

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