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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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Qatari banking sector ranks third among Arab banking sectors in terms of asset size, accounting for about 11 percent of the total assets of the Arab banking sector, and 10 percent of its deposits. (Shutterstock)
October 10th, 2018 - 05:34 GMT

Qatar's $382.5 Billion Banking Sector Stable Despite Siege

The government is currently taking several steps towards resolving Kuwait’s demographic imbalance and restructuring the local labor market. (Shutterstock)
October 10th, 2018 - 05:26 GMT

Kuwait Will Only Allow Expats With "Good" GPA to Join the Private Sector

During the event
October 9th, 2018 - 10:29 GMT

Leading Regional and Global Manufacturing Experts Converge at ‘Future Manufacturing & Trade Summit’

PCFC participates in the big event, 14 to 18 October at Dubai World Trade Center.
October 9th, 2018 - 07:54 GMT

PCFC Showcases Its Latest Innovations at Gitex Technology Week 2018

The US oil drilling rig count fell for a third consecutive week, as rising costs and pipeline bottlenecks have hindered new drilling since June. (Shutterstock)
October 9th, 2018 - 05:57 GMT

US Contemplates Waivers on Iran Crude Sanctions, but There Is a Catch

India, the world’s third-biggest oil importer, will buy nine million barrels of Iranian oil in November. (Shutterstock)
October 9th, 2018 - 05:54 GMT

India Confirms 9 Million Oil Barrels Shipment of Iranian Oil in November

The two sides stressed cooperation in technology transfer and exchanging the know-how in the field, as well as the possibility of investment by Omani companies in the Islamic Republic’s upstream oil and gas sector. (Shutterstock)
October 9th, 2018 - 05:53 GMT

Iran, Oman to Boost Energy Ties

The Iranian president says the US will never be able to stop Iran's oil exports. (AFP/File)
October 9th, 2018 - 05:48 GMT

Report: Washington Pressures Trump to Keep Iran Financial Access

Legislation and Opinion Bureau President Nofan Ajarmeh said that the bill did not criminalise any new actions, but it criminalised some deeds that are perpetrated through technological means that do not accord with the values and morals of the society. (Shutterstock)
October 9th, 2018 - 05:47 GMT

Jordan's New Cybercrime Law: A Hate Speech Monitor or a Press Muzzle?

Erdogan added Turkey is “far from needing” a loan or technical assistance from the IMF. (Shutterstock)
October 9th, 2018 - 05:08 GMT

Turkey Rules out Any Assistance From IMF

The prince said the figure he’s watching is the share of wages in the budget. He said it’s down from 50 per cent in 2015 to 42 per cent today, and “in 2020, I believe it will be below 40 per cent.” (Shutterstock)
October 9th, 2018 - 05:02 GMT

Rising Unemployment and Decreasing Foreign Investment Are Not Deterring Bin Salman

The challenges that Turkey faces will require a comprehensive policy package comprising monetary, fiscal, quasi-fiscal, and financial sector policies. (Shutterstock)
October 9th, 2018 - 04:55 GMT

IMF Urges Turkey to Take Drastic Measures to Fix Economy

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