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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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Officials have warned that anyone who will be caught staying in the country after the expiration of their visa will face legal action including jail sentence, hefty fines and deportation. (Shutterstock)
September 4th, 2018 - 07:48 GMT

Jobseeker Visa Violators to Face Prosecution in UAE

The ministry clarified that the statement was issued in response to "baseless and unfounded" media reports. (Shutterstock)
September 4th, 2018 - 07:36 GMT

Saudi Arabia Will Not Impose Fees on Expat Remittance

Egypt’s stock market index gained 4.82 percent this week. (AFP)
September 3rd, 2018 - 09:49 GMT

Egypt's Stock Market Is the Best-Performer in the Region This Week

The growth reflects the significant achievements made by the transformational industries over the past five years. (Shutterstock)
September 3rd, 2018 - 09:21 GMT

UAE Non-Oil GDP Hikes Steadily

Fifteen companies are reported to be considering a merger to avoid bankruptcy. (Shutterstock)
September 3rd, 2018 - 08:31 GMT

15 Companies Consider Merger to Avoid Bankruptcy in Kuwait

The Fan ID, provides fans with visa-free entry to Russia at the 2018 tournament.(Shutterstock)
September 3rd, 2018 - 08:21 GMT

Qatar Mulls Visa-Free Entry Scheme

Trade deficit of $2.48 billion last month was lowest monthly figure in last 9 years, says minister. (Shutterstock)
September 3rd, 2018 - 08:12 GMT

Foreign Trade Deficit Falls 58 Percent in Turkey

President Sisi at the signing of the economic agreements with Chinese companies in Beijing on Sunday (Photo: Egyptian Presidency)
September 3rd, 2018 - 08:07 GMT

Egypt Signs $18 Billion Worth Contracts With Chinese Investors

The sell-off has increased the cost of food and petrol and raised fears about the impact on the country’s wider economy and banks. (Shutterstock)
September 3rd, 2018 - 07:59 GMT

Turkey Rises Gas, Power Prices by 14 Percent

Bitcoin edged down by 0.5%.
September 3rd, 2018 - 07:49 GMT

Crypto Update: Bitcoin Slips Again, New Cryptocurrency to Be Launched

Cash withdrawls from ATM machines also rose more than 12 percent on a year earlier. (Shutterstock)
September 3rd, 2018 - 07:43 GMT

Improved Economic Outlook in Saudi Arabia

Rents in even prime Dubai locations like Downtown, Palm Jumeirah and Sheikh Zayed Road have fallen in 2018.
September 3rd, 2018 - 07:29 GMT

Dubai Rents Witnesses Another Fall

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