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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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Samples of food products are transferred to labs to ensure they are safe. (Shutterstock)
August 9th, 2018 - 11:24 GMT

Temporary Ban on East Malaysian Poultry Meat, Eggs in UAE

12 percent of the positions are occupied by expatriates. (AFP)
August 9th, 2018 - 11:18 GMT

Expats Serve 12 Percent Only in Law-Linked Jobs in Kuwait Due to Kuwaitization

Turkey's natural gas trade with Iran is legitimate and in accordance with a signed contract with an expiry in 2026. (Shutterstock)
August 9th, 2018 - 09:09 GMT

Turkey, Iran Gas Trade to Continue Until 2026

There has been no response from the Canadian government as yet to the latest punitive measures taken by the Saudis. (Shutterstock)
August 9th, 2018 - 09:02 GMT

Saudi Arabia Gets Rid of Canadian Assets

445,000 Egyptians work in the Kuwaiti private sector. (AFP)
August 9th, 2018 - 08:52 GMT

More Than 60 Percent of Egyptians in Kuwait Work in Private Sector

The IMF encourages Egypt to continue its plan to raise energy prices. (Shutterstock)
August 9th, 2018 - 08:43 GMT

IMF: Egypt's Economy to Improve in 2021

Saudi citizens will be able to access cheaper and more accessible mortgages at fixed rates under an initiative launched Wednesday by the Saudi Real Estate Refinance Company. (Shutterstock)
August 9th, 2018 - 08:28 GMT

Accessible Mortgages to Stimulate Property Ownership in Saudi Arabia

The first agreement, worth $13.8 million, will be dedicated to improving Zara-Maeen Water Treatment Plant’s supply system and reduce operational and maintenance costs. (Shutterstock)
August 9th, 2018 - 08:03 GMT

$166 Million Agreement Between Jordan,US to Rehabilitate Water Network

Oil revenues jumped by 82 percent compared to a year earlier to reach SR184.165 billion. (Shutterstock)
August 9th, 2018 - 07:48 GMT

Budget Deficit Falls by 84 Percent in Saudi Arabia


It is expected that the new reforms will be focused on those professions and industries that meet the UAE's strategic needs. (Shutterstock)
August 9th, 2018 - 07:41 GMT

The Effects of the Visa Reforms on UAE's Economy

Kingdom’s petroleum supplies are not to be impacted by political considerations. (Shutterstock)
August 9th, 2018 - 07:32 GMT

Saudi Oil Supplies Will Not Be Affected by Saudi-Canada Conflict

The diplomatic row with Canada is a concern for Canadian companies seeking work in the Kingdom such as GDLS, maker of the LAV 111 armored vehicle. (AN)
August 8th, 2018 - 11:22 GMT

Canadian Companies in Saudi Arabia Left in Uncertainty

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