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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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In the Middle East, personal wealth rose by 11 per cent to Dh13.96 trillion ($3.8 trillion) in 2017. (Shutterstock)
July 25th, 2018 - 06:53 GMT

Report: Private Wealth in UAE to Reach Dh2.16 Trillion by 2022

As of April, more than 800,000 had left the country since late 2016. (AFP)
July 24th, 2018 - 10:50 GMT

Saudi Economy Suffers from Foreign Workers Exodus

The total number of foreigners in the Saudi labor market declined by around 796,000 since the start of 2017.  (AFP/Karim Jaafar)
July 24th, 2018 - 10:36 GMT

Expats Exodus Shakes the Saudi Construction Sector

H.E. Ali Issa Al Nuaimi, Director General, DED-Ajman
July 24th, 2018 - 09:35 GMT

DED – Ajman Reveals Positive Impact to Be Gained From Decision to Exempt Businesses With Expired Licences From Stiff Fines and Penalties

The tender is the second to be issued by the ministry under the National Renewable Energy Program, a government strategy which sets out specific targets on future renewable energy production. (Shutterstock)
July 24th, 2018 - 09:33 GMT

Saudi Arabia $500 Million Wind Farm Project Receives Four Bids

Riyadh came in the 30th place in this assessment of municipal portals, which studied 7 cities in Africa, 6 in the Americas, 13 in Asia, 12 in Europe, and 2 in Oceania, with the top three leaders among them being Moscow, Cape Town and Tallinn. (Shutterstock)
July 24th, 2018 - 09:19 GMT

Riyadh Hits 30th Place in UN E-Government Survey

The agreement was signed by Omar Bushahab, CEO of BRL, and Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management at Emirates Islamic, in the presence of various other officials from both sides.
July 23rd, 2018 - 10:54 GMT

DED and Emirates Islamic Signs Agreement to Support E-Traders

Outlook for GCC equities positive, with banking shares seen to gain the most. (Shutterstock)
July 23rd, 2018 - 10:50 GMT

GCC Stock Markets Expected to Soar in H2'18

A total of 201,577 detainees were referred to concerned embassies and consulates to issue them with travel documents while 250,396 others were finalizing their flight bookings for their final departure from the country. (Pixabay)
July 23rd, 2018 - 10:02 GMT

1.5 Million Illegal Expats in Saudi Arabia Arrested Within 8 Months

Trade, logistics, financial services, hospitality and tourism, real estate, construction and manufacturing now make up more than 90 percent of business activity in the Emirate. (Shutterstock)
July 23rd, 2018 - 08:59 GMT

Dubai Mulls over Investments in Egypt

Authorities will work to extradite any people involved in case from abroad. (Shutterstock)
July 23rd, 2018 - 08:46 GMT

Travel Ban on 7 Suspects Involved in Forged Tobacco Case in Jordan

Jordan consumes 25 to 30 per cent of locally manufactured medicines, and exports 70 to 75 per cent of the products to 60 countries. (Shutterstock)
July 22nd, 2018 - 09:58 GMT

Jordan Is the Only Arab Country with Higher Pharmaceuticals Exports Than Imports

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