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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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Saudi Arabia has been seeking a civilian nuclear agreement with the United States. (AFP)
September 12th, 2018 - 06:02 GMT

US, Saudi Discuss Civil Nuclear Engagement

Those who have entered the UAE illegally after August 1, 2018 will not be entitled to avail the Amnesty scheme. (Shutterstock)
September 12th, 2018 - 05:49 GMT

UAE Amnesty Scheme Inapplicable for Illegal Expats Post August 1

Department of Economic Development
September 11th, 2018 - 09:18 GMT

DED Issues 1,221 New Licenses in August as Dubai Remains Top Choice for Investors

Irfan Tansel, Al Masaood Automobiles CEO
September 11th, 2018 - 09:09 GMT

Al Masaood Automobiles Bags a Hat-Trick of Principle Awards for Its Outstanding Performances

The health sector in Saudi Arabia is the largest among all Middle Eastern countries. (Shutterstock)
September 11th, 2018 - 08:54 GMT

Saudi Health Sector Expenditure at $40 Billion, Largest in the Middle East

Iran’s Oil Revenues Rise up to $9.9 Billion. (Shutterstock)
September 11th, 2018 - 08:50 GMT

Iran’s Oil Revenues Rise up to $9.9 Billion

The new cities are planned in Cairo, Giza, Dakahlia, Beheira, Port Said, Matrouh, North Sinai, Beni Suef, Minya, Assiut, Qena, Luxor and Aswan. (Shutterstock)
September 11th, 2018 - 08:15 GMT

Egypt 20 New Cities to Accommodate 30 Million

Egypt and the United States signed a $65 million grant to support infrastructure in the country. (Shutterstock)
September 11th, 2018 - 08:10 GMT

US Grants $65 Million to Egypt for Infrastructure Support

Lebanon’s gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018. (File/ Photo)
September 11th, 2018 - 07:56 GMT

Lebanon’s Chronic Public Debt Hits $83 Billion

Iran’s liquidity stood at 16.02 quadrillion rials. (Shutterstock)
September 11th, 2018 - 07:50 GMT

Iran's Liquidity Above $381 Billion, up by 20.1 Percent

Despite the moderate slowdown in consumption and investment, the economic growth in the second quarter continued with domestic demand. (Shutterstock)
September 11th, 2018 - 07:44 GMT

Despite Inflation Struggle, Turkey's Economy up by 5.2 Percent

The proposed merger, pending approvals by the banks' boards of directors, shareholders and regulators, would be credit positive for UAE banks. (Shutterstock)
September 11th, 2018 - 07:32 GMT

UAE Banks' Three-Way Merger a Boon for Banking System

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