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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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Gulf Arab allies will pledge $10 billion in aid to Bahrain and finalise $2.5 billion in assistance for Jordan on Thursday, in an effort to stabilise their fragile finances through years of planned economic reforms. (Shutterstock)
October 7th, 2018 - 07:12 GMT

Bahrain, Jordan Receive Billions in Aid From Gulf Neighbours

Musabih welcomed the members and said the meeting will help engage clients and business groups in achieving the future goals of Dubai Customs.
October 7th, 2018 - 07:11 GMT

Dubai Customs Discusses Means of Growth With Businesses in Dubai

The Aramco IPO would be a seismic event for financial markets. Prince Mohammed said he hoped to raise a record $100 billion by selling a five per cent stake. (Shutterstock)
October 7th, 2018 - 07:05 GMT

Bin Salman Sets 2021 for Aramco IPO Listing

Experts say the pipeline would allow the kingdom not to be constrained to the Strait of Hormuz or the Bab el-Mandeb Strait, both strategic choke points that affect its current oil shipping routes. (Shutterstock)
October 7th, 2018 - 06:09 GMT

Yemen Accuses Saudi of Oil Theft

Crown Prince Mohammed bin Salman (AFP/File Photo)
October 7th, 2018 - 05:37 GMT

Ahead of US Sanctions on Iran, Bin Salman Assures Trump With 1.5 Million Oil Barrels

During the meeting, the two sides conferd on the use of national currencies in bilateral trade, the use of financial messaging systems, the increase of the level of brokerage relationships, and the funding of civil and development projects. (Shutterstock)
October 7th, 2018 - 05:25 GMT

Iran, Russia Mull Ditching Dollar in Trade Ahead of US Sanctions

Wind turbines on the hill of the Alborz mountain range of northwestern Iran (Shutterstock)
October 7th, 2018 - 05:19 GMT

As US Sanctions Approach, Iran Promotes Investments in Renewable Energy

When the price of wheat or cooking oil or milk in local markets increases, even by the smallest amount, the impact is catastrophic and immediate. (Shutterstock)
October 7th, 2018 - 05:10 GMT

Famine to Hit Millions in Yemen Due to Currency Crisis

Some 94 per cent of all the people voted in favour of the idea to either cancel the NOC permanently or at least drop it after an expat completes two years with his/her sponsor. (Shutterstock)
October 7th, 2018 - 05:01 GMT

Oman's Manpower Takes a Shot at Democracy, but Will It Work?

According to Dubai FDI Monitor, 56 of total investment went into strategic projects while 43 percent of projects were using high and medium technology. (Shutterstock)
October 7th, 2018 - 04:52 GMT

Dubai Still an Investment Darling, With Dh17.7 Billion in FDI

The final share price is expected to be set on 16 October. (AFP)
October 4th, 2018 - 07:35 GMT

Mubadala’s CEPSA Back in Trading at $9.22 Billion Valuation

In June, Saudi Arabia, Kuwait and the UAE pledged $2.5 billion to help revive Jordan’s economy at the summit in Mecca gathered by Saudi King Salman Bin Abdulaziz. (AFP/ Photo Yousef Allan)
October 4th, 2018 - 07:26 GMT

GCC Leaders Due in Jordan to Activate Mecca Summit Pledge of $2.5 Billion

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