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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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An increase in US interest rates usually requires an increase in local interest rates or else the exchange rate becomes unstable. (Shutterstock)
October 24th, 2018 - 06:05 GMT

Saudi to Lock in US-Riyal Exchange Rate

The resumption of the rewards will be at the beginning of 2019 and will apply to all government employees, the minister told Al Arabiya News Channel. (AFP/File Photo)
October 24th, 2018 - 05:48 GMT

Saudi Reinstates Bonuses for Public Sector

Israel believes the Palestinian Authority (PA) would respond to such an agreement by further cutting funding to Gaza and stopping the payment to Hamas workers in Gaza. (Shutterstock)
October 24th, 2018 - 05:44 GMT

Report: Qatar to Pick up Gaza's Fuel Bill Under Ceasefire Pact

“In my opinion, this violation has taken place under American pressure on the Saudi rulers.” (AFP)
October 24th, 2018 - 05:39 GMT

Iran Accuses Saudi for Violating OPEC Pact Under US Pressure

The deals were struck across the energy and transportation sectors despite the boycott of the event by several company chiefs following the death of journalist Jamal Khashoggi at the Saudi embassy in Turkey earlier this month. (AN)
October 24th, 2018 - 05:32 GMT

Saudi's FII Lands $50 Billion Worth of Deals, Despite Boycott Over Khashoggi Case

The graduates took 16 days to finish the 80-hour program.
October 23rd, 2018 - 09:16 GMT

Dubai Customs and DJI Graduate 4th Batch of Customs Investigation Diploma

The president pointed to the recent fluctuations in the currency market, saying revenues from exports and the inflow of foreign exchange would be of great help to stabilize the foreign currency market. (Shutterstock)
October 23rd, 2018 - 06:33 GMT

Rouhani Puts All His Trust in Exporters to Counter US Sanctions

Over 10 million Overseas Filipino Workers are planning to go back to the Philippines upon retirement. (File/AFP)
October 23rd, 2018 - 06:17 GMT

Social Security for Overseas Filipinos to Increase to 15 Percent

Kuwaiti MP Mohammad Al-Dallal on Sunday called for the need to check the growing numbers of certain expatriate communities, especially the Egyptian and the Filipino communities. (Shutterstock)
October 23rd, 2018 - 06:12 GMT

‘100% Kuwaiti’ Is New Mandate for Public Sector

For now, at least, Nassib’s reopening is good news for Syrian tradesmen forced into costlier, lengthier maritime shipping since 2015. (Shutterstock)
October 23rd, 2018 - 06:08 GMT

With New Border Opening, Damascus Is Willing to Trade

A royal decree has been issued to approve the regulation of the “Integrated Logistics Bonded Zone (ILBZ)”. (Shutterstock)
October 23rd, 2018 - 05:58 GMT

Riyadh to House Saudi's First Special Economic Zone

“As far as arms exports are concerned, those can’t take place in the current conditions,” Merkel said. (Shutterstock)
October 23rd, 2018 - 05:39 GMT

Germany Halts Arms Exports to Saudi Arabia Citing Doubts on Khashoggi Death Report

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