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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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During the event
October 25th, 2018 - 11:31 GMT

Dubai Customs Raises Awareness of Breast Cancer

In accordance with the UAE Cabinet decision, the tax returns and payment of due tax to the Authority must be submitted not later than the 28th day after the end of the relevant tax period. (Shutterstock)
October 25th, 2018 - 05:05 GMT

UAE Adds Another Shake up to VAT System

Asked about Turkish exports to Qatar, the ambassador said the embassy saw a “big increase” in food products, especially after the economic blockade.  (Shutterstock)
October 25th, 2018 - 04:53 GMT

Turkish Exports to Qatar Grow to 100%

More than a dozen foreign banks that have licences to operate branches in Saudi Arabia cancelled plans to be part of this year’s FII forum. (Shutterstock)
October 25th, 2018 - 04:49 GMT

Saudi to Maintain Soft Spot for Banks Despite Their FII Boycott

According to the circular, the applicant must be a Kuwaiti citizen. He must have a general driving license.
October 25th, 2018 - 04:44 GMT

"100 Percent Kuwaiti" Push Continues as Airport Taxis License Chime In

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative in Riyadh on Tuesday. (AFP)
October 25th, 2018 - 04:40 GMT

Saudi Arabia Extends a $6 Billion Aid Pledge to Pakistan

Global index provider MSCI classified the Saudi equity market as an emerging market in June, a move expected to attract billions of dollars of passive funds. (Shutterstock)
October 25th, 2018 - 04:35 GMT

Saudi Cabinet Amends Laws to Lure Foreign Investments in These Sectors

Saudi Arabia is the U.S.’s main weapon buyer. According to Stockholm International Peace Research Institute (SIPRI), the data shows Riyadh made up 18 percent of total U.S. arms sales during 2013-2017 period. (Shutterstock)
October 25th, 2018 - 04:31 GMT

EU Countries Under Pressure to Cease Arms Deals With Saudi Following Khashoggi Death

Highlighting that unsafe food threatened especially young children, the report added: "Although children under 5 make up only 9 percent of the world’s population, they account for almost 40 percent of foodborne disease and 30 percent of related deaths." (Shutterstock)
October 25th, 2018 - 04:24 GMT

Contaminated Food Comes With a $110 Billion Tab Annually

Cavusoglu said President Recep Tayyip Erdogan had previously mentioned that Turkey is taking natural gas from Russia and Iran and if it does not have more options, the country would have to continue taking gas from those two countries. (Shutterstock)
October 25th, 2018 - 04:19 GMT

Turkey Demands Waiver From US Sanctions on Iran

According to the statement, the MOUs support Saudi Aramco's forward-looking strategy across business units, including downstream, offshore, and engineering. (Saudi Aramco)
October 25th, 2018 - 04:14 GMT

Energy MoU's Take the Lion's Share at Saudi's FII With Saudi Aramco Hitting $34 Billion

Chinese Ambassador to Jordan Pan Weifang praised the “distinguished” Chinese-Jordanian relations at all levels, especially in the economic field, calling for investing these ties to achieve benefits for both sides. (Shutterstock)
October 24th, 2018 - 06:16 GMT

Jordan Eager to Increase China Trade, Currently at $1.637 Billion

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