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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 exchange will support the cryptocurrency trading pairs of Bitcoin and Ethereum Classic. (Shutterstock)
August 27th, 2018 - 10:40 GMT

World’s First Shariah-Compliant Crypto Exchange to Be Launched in UAE

The loan which was increased from an initial guide size of $6 billion to $8 billion, comes after the Kingdom postponed Aramco’s initial public offering. (Shutterstock)
August 27th, 2018 - 10:13 GMT

Saudi Arabia Public Investment Fund Raises $11 Billion Loan

Arif Naqvi, the founder of Abraaj Group. (AFP)
August 27th, 2018 - 09:58 GMT

Abraaj Group Founder to Face Court on August 28

A message from the Saudis: If we buy our arms from you, we also buy your silence. (AFP)
August 26th, 2018 - 10:41 GMT

Opinion: The Repercussions of the Saudi-Canada Row on Mohamed Bin Salman

Musk met with the electric car and solar panel company's board on Thursday to tell them he thought the company should stay public and the board agreed, according to the statement. (Shutterstock)
August 26th, 2018 - 10:22 GMT

Musk Calls Off Private Deal, Tesla Remains on Public Stock Exchanges

5% VAT is expected to produce revenues of over $25 billion per annum for the six GCC countries. (Shutterstock)
August 26th, 2018 - 10:15 GMT

Bahrain to Implement VAT in 2019

A customs report said in June that Iran had exported 216.585 tons of goods worth $47.666 million to Qatar during the first two months of the current Iranian year (March 21, 2018-May 21, 2018), showing a considerable growth in terms of value. (Shutterstock)
August 26th, 2018 - 09:48 GMT

Qatar to Increase Maritime Shipping, Trade With Iran

Turkey's Industry and Technology Minister Mustafa Varank (2nd R) attends G20 Digital Economy Ministerial Meeting in Salta, Argentina on August 24, 2018. (AA)
August 26th, 2018 - 09:22 GMT

Turkey Mulls Digital Economy to Avoid Political Interventions

There are 11,851 Kuwaiti citizens registered under CSC in the waiting list for employment. (Shutterstock)
August 23rd, 2018 - 06:00 GMT

Almost 12,000 Kuwaiti Citizens on Waiting List for Employment

The company will offer crypto custodial services and an exchange platform accessing large-scale global liquidity. (Shutterstock)
August 23rd, 2018 - 05:00 GMT

Crypto-Asset Business Firm to Open in UAE

The pricing of ancillary services such as brokerage, maintenance, car parking, facility management and property management may increase as such services will be subject to VAT. (Shutterstock)
August 22nd, 2018 - 06:00 GMT

VAT to Attract More Global Investors in UAE

There has been a great demand from citizens and residents for food, sweets and gifts for Eid Al Adha. (Shutterstock)
August 22nd, 2018 - 03:40 GMT

Online Home Businesses Receive Bulk Orders for Eid Al Adha in Qatar

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