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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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Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19th, 2018 - 06:53 GMT

OPEC, Non-OPEC Countries to Finalize Permanent Framework Ahead of US Sanctions

The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18th, 2018 - 09:59 GMT

Iran-Iraq Trade Grows 30 Percent to More Than $12 Billion

The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18th, 2018 - 09:54 GMT

Turkey Hits $11.4 Billion Budget Deficit Between Jan-Aug 2018

Official data showed that the number of unemployed persons age 15 years and over rose by around 64,000 on a yearly basis. (Shutterstock)
September 18th, 2018 - 07:49 GMT

Turkey's Unemployment Rate Stable

The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)
September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Makkah has a shopping mall supply of 140 sq m per 1,000 persons — significantly lower than other primary cities. (Shutterstock)
September 18th, 2018 - 07:05 GMT

Malls in Makkah to Grow by 200 Percent to Meet Pilgrim Boom Demands

UAE recorded 13.6 per cent growth in corporate earnings compared to 9.8 per cent in 2017. (Shutterstock)
September 18th, 2018 - 06:59 GMT

Dubai's Corporates Record Highest Rate of Growth in the GCC

The President's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators. (Shutterstock)
September 18th, 2018 - 06:49 GMT

US Levies New Tariffs on $200 Billion in Chinese Goods

The visa will be provided to expat retirees over the age of 55 years for a period of five years under specific conditions. (Shutterstock)
September 17th, 2018 - 10:43 GMT

All What You Need to Know About the 5-Year Residence Visa in UAE

Predictions of Lebanon’s economic demise are not new. (AFP)
September 17th, 2018 - 08:20 GMT

Lebanon Desperate to Rationalize the Dire Economic Reality

Jordan is currently going through difficult conditions, and internal and external challenges, including an increase in unemployment rates. (AFP)
September 17th, 2018 - 07:56 GMT

Jordanian Engineers Association Rejects New Income Tax Law

Turkey is keen on buying natural gas from Iran with “reasonable price” in contrast to the price it pays for the gas imported from Russia and Azerbaijan. (Shutterstock)
September 17th, 2018 - 07:51 GMT

Turkey to Keep Iran Gas Exports Flowing Despite US Sanctions

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