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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 announcement was made during a press conference at the Grand Hyatt Hotel in Dubai.
October 9th, 2018 - 04:52 GMT

DEWA Confirms Its Readiness for Hosting Wetex 2018 From 23 to 25 October

The Opec Fund for International Development (OFID) is financing energy projects worth $1.6 billion in Arab countries. (Shutterstock)
October 8th, 2018 - 07:05 GMT

OFID to Pump $1.6 Billion Into Energy Investments in Arab Region

Under the theme of “Gaza Deserves to Live,” the drive is aimed at pushing forward the development and reconstruction of Gaza. (Shutterstock)
October 8th, 2018 - 06:34 GMT

Qatar Rushes to Gaza's Aid With Multi-Million Infrastructure Projects

Qatar’s trade volume with 11 countries that are participating in the International Products Exhibition and Conference (IPEC) totalled nearly QR20bn in 2017, official figures show.
October 8th, 2018 - 06:24 GMT

This Is How Much Qatar Spends on Trade With Its Regional Allies

The visiting side urged QC to facilitate large-scale export of liquefied petroleum gas (LPG) to Pakistan to help plug its shortage. (Shutterstock)
October 8th, 2018 - 06:11 GMT

Pakistan Requests Access to Qatari LPG to Address Its 400,000 Tonne Deficit

ADX seeks to become the preferred listing and trading platform.
October 8th, 2018 - 05:52 GMT

Abu Dhabi Securities Exchange Lists Aldar Investments $500 million Sukuk

The bill is yet to be approved by the parliament’s upper house, which is expected to hold a similar session later this week. (Shutterstock)
October 8th, 2018 - 05:48 GMT

VAT Law Draft Finds Favour With Bahraini MPs

The crown prince, facing US pressure to tame surging oil prices, also said that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. (Shutterstock)
October 8th, 2018 - 05:33 GMT

Bin Salman's Aramco IPO Confirmation Falls Deaf on Saudi and GCC Stocks

It was unclear whether the latest devaluation was part of a move to float the pound as recommended by the International Monetary Fund (IMF) to curb the wide disparity between the official and unofficial rates that had severely impacted the African country's economy. (Shutterstock)
October 8th, 2018 - 05:28 GMT

Amidst Soaring Food Prices, Sudan's Currency Rate Slashed at 47.5 Against the Dollar

"It is important for us to present here in Abu Dhabi, because many important things are happening, and the opening of a representative office in the UAE, is the result of the long strategic partnership with the UAE Space Agency, and Mohammed bin Rashid Space Centre, MBRSC," (AFP)
October 8th, 2018 - 05:14 GMT

France Wants to Have a Space Odyssey With the UAE

Cementing its commitment to becoming one of the smartest cities in the world, the digital initiative has gone one step further following 2017's debut launch of 'A Day Without Service Centres', by extending it to run for a full week. (Shutterstock)
October 8th, 2018 - 05:07 GMT

40 Dubai Public Departments Go Exclusively Digital in Bid to Promote Smart Government

Erdogan urged Turks on Tuesday to report stores that had imposed unusual price hikes during the currency crisis, and said authorities would raid those businesses if necessary. (AFP)
October 7th, 2018 - 07:20 GMT

Erdogan to Fine ‘Opportunists’ Taking Advantage of Volatile Foreign Exchange Rate

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