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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 ministry urged the public to cooperate with the police and to report those wanted by the security and judicial authorities. (Shutterstock)
August 2nd, 2018 - 10:53 GMT

500 Expats to Be Deported in Kuwait

The number of violators arrested in Saudi Arabia since November 15, 2017 has reached 1,483,009. (Pixabay)
August 2nd, 2018 - 09:56 GMT

Over 10,000 Expats Deported Within One Week in Saudi Arabia

Saudi remittances abroad in the first half of this year reached SR33.01 billion compared to SR27.58 billion during the same period last year, registering a growth of 19.7 percent or SR5.43 billion. (Shutterstock)
August 2nd, 2018 - 09:47 GMT

After the Exodus: Expat Remittances Fall 16.9 Percent

Hundreds chant “death to the dictator" at industrial complex. (AFP)
August 2nd, 2018 - 09:02 GMT

Demonstrations in Iran as Economy Deteriorates

Cryptech highlighted that it believes that the Blockchain 2021 strategy by government agency Smart Dubai will deliver a major boost to the economy. (Shutterstock)
August 1st, 2018 - 11:05 GMT

Cryptech: Blockchain Technologies to Transform Dubai Real Estate Industry

From August to October, the Treasury will repay 13.8 billion Turkish liras ($2.8 billion) of external debts, including 6 billion liras ($1.2 billion) interest payment. (Shutterstock)
August 1st, 2018 - 10:38 GMT

Turkey to Repay $7 Billion Debt in the Coming Three Months

Jordanian engineers will have a major role in the reconstruction of neighbouring Iraq. (Shutterstock)
August 1st, 2018 - 09:48 GMT

Jordanian Engineers to Reconstruct Iraq

This is the third such amnesty announced by the UAE government in just over a decade. (KhT/Twitter)
August 1st, 2018 - 07:14 GMT

Illegal Expats in UAE Start Availing Amnesty

To date, Naqvi denies wrongdoing, and remains outside the UAE after a warrant for his arrest had been issued. (AFP)
August 1st, 2018 - 06:20 GMT

Abraaj Founder Faces New Criminal Case Over Another Bounced Cheque

Funding in Saudi Arabia was able to keep pace in Q2 2018, showing strong signs of ecosystem growth in the Kingdom’s market according to The Badir report. (Shutterstock)
August 1st, 2018 - 06:08 GMT

Startups in Saudi Arabia Raise More than $3 Million Funding in Q2'18

The dollar was trading at about 112,000 rials on the black market compared to about 90,000 last week as Iranians braced for tough times ahead. (Shutterstock)
August 1st, 2018 - 05:55 GMT

Iran Faces Economic Disaster After Its Currency Plunges

The WB already extended $250 million to the Kingdom last week as the first part of the $500 million financing. (Shutterstock)
July 31st, 2018 - 10:03 GMT

World Bank to Disburse $250 Million to Jordan in August

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