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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 move is part of Abu Dhabi Securities Market’s initiatives to adopt the ID card in all its public transactions. (Shutterstock)
October 11th, 2018 - 05:49 GMT

Investors in Abu Dhabi Securities Exchange Will Have Same Emirates ID Number

Achieving Saudi Arabia’s ambitious Vision 2030 requires consolidation of regulations to attract foreign investment, create new jobs and transfer private sector skills to the public sector. (Shutterstock)
October 11th, 2018 - 05:30 GMT

Experts Urge Saudi to Revamp Regulatory Laws to Attract FDI

Turkey has been pushing for trade in local currencies accusing the U.S. administration of using the dollar as a tool to attack other countries’ economies. (AFP)
October 11th, 2018 - 05:25 GMT

Erdogan Wants Africa to Forsake Dollar and Trade in Local Currencies

Qatari Fuel Continues to Flow Into Gaza Only Power Plant. (Shutterstock)
October 11th, 2018 - 05:21 GMT

Qatari Fuel Continues to Flow Into Gaza Only Power Plant

The amount of cannabis resin seized during the first eight months of 2018 has decreased by 34.75% compared to the same period of 2017. (Shutterstock)
October 11th, 2018 - 05:08 GMT

Algeria Seizes Over 25 Tonnes of Cannabis Resin in 2018 so Far

Privatization in Iran witnessed 100 percent growth during the first five months of this year (March 21-August 22) compared to the same period of time in the previous year. (Shutterstock)
October 10th, 2018 - 06:33 GMT

Iran Divests Over $123 Million Worth of State-Run Shares

"Tunisia records today 2.4 million online payments for a volume of about 166 million dinars. A figure in evolution but it is insufficient.” (Shutterstock)
October 10th, 2018 - 06:23 GMT

Tunisia Considering Digital Banking to Boost Economy

Siemens Gamesa will establish a transformer substation to move the energy produced from the first wind farm in Ras Ghareb, with a capacity of 220 kV to transfer 180 MW, and another station of 500 kV to transfer 650 MW. (Shutterstock)
October 10th, 2018 - 06:16 GMT

Egypt to Harness Wind Power With €2 Billion Investments

 60 percent of the world's population is within eight hours of flying from the country. Foreign investors can benefit from this strategic location by accessing 400 million consumers in the neighbouring countries. (Shutterstock)
October 10th, 2018 - 06:09 GMT

Qatar Sets 2019 for Free Zones Launch

"The currency devaluation has had an effect on the startup scene - there is a funding gap that must be addressed, as well as an issue with recruiting or retaining experienced talent." (Shutterstock)
October 10th, 2018 - 06:00 GMT

Egypt's Startup Potential Is Hurdled by Currency Devaluation

ESCA is drafting regulations for ICOs with international advisers and is working with the Abu Dhabi and Dubai stock markets to develop trading platforms for the offers, he said, adding that details would be announced later. (Shutterstock)
October 10th, 2018 - 05:44 GMT

UAE to Launch Initial Coin Offerings in 2019

The IMF said the Iranian economy was now expected to contract over the next two years "on account of reduced oil production, before returning to modest positive growth in 2020–23". (Shutterstock)
October 10th, 2018 - 05:40 GMT

IMF Forecasts Iran's Economy to Shrink by 3.6 Percent in 2019 Due to US Sanctions

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