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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 new law must encourage local and foreign investment through carefully-studied rates of tax on all sectors. (Shutterstock)
July 15th, 2018 - 10:34 GMT

Senate President in Jordan Discusses 'the Tax Law That We Want'

35,000 Saudi citizens visited Azerbaijan in 2017, which is one of the highest from GCC countries. (Shutterstock)
July 15th, 2018 - 10:29 GMT

Development of Trade, Investment and Tourism Cooperation Between Saudi Arabia and Azerbaijan

The agreements, which were signed by Ejaad Platform, Petroleum Development Oman (PDO), and Sultan Qaboos University, target different research challenges faced in Oman, offering a unique opportunity to support the nation’s sustainable development. (Times of Oman)
July 15th, 2018 - 10:17 GMT

Four Research Agreements Worth More Than OMR300,000 in Oman

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically. (Shutterstock)
July 15th, 2018 - 09:56 GMT

Tax Income Increases 14 Percent in One Year in Iran

15 percent increase in car sales is expected based on reports issued by banks and marketing departments of automobile dealers in the country. (Shutterstock)
July 15th, 2018 - 09:36 GMT

Car Imports Soar in Saudi Arabia Due to Lifting Ban on Women Driving

The Sharjah court dropped the case as the two parties reached an agreement. (AFP)
July 15th, 2018 - 09:14 GMT

Bounced-Cheque Case Dropped Against Abraaj Founder

Ansari spoke about the updated mobility and travel law, establishment of National Committee for Combating Human Trafficking, new initiatives to ensure social security and the settlement of disputes while respecting legal procedures. (Shutterstock)
July 14th, 2018 - 08:44 GMT

Latest Updates on Qatar's Expat Labor Sector

The estimates are made in the light of a slowdown in the real estate sector and stable consumption. (Shutterstock)
July 13th, 2018 - 05:40 GMT

Lebanese Economy to Grow by Two Percent in 2018

In March 2018, the UK and Saudi Arabia agreed a goal of £65 billion ($90 billion) of mutual trade and investment in the coming years during a meeting between the UK’s Prime Minister Theresa May and Crown Prince Mohammed bin Salman. (AFP)
July 12th, 2018 - 11:26 GMT

Brexit a Boon for UK-Saudi Arabia Trade Ties

In order to facilitate such reconstruction, China needs access to a port on the eastern Mediterranean from which to ship materials. (Shutterstock)
July 12th, 2018 - 11:18 GMT

China Eyes Investments in North Lebanon

Russia's ability to host the world's most-watched tournament was, however, not in doubt. (Shutterstock)
July 12th, 2018 - 10:34 GMT

What Did Russia Gain From the World Cup?

According to NCSI, the overall population of the sultanate has come down by 86,308 in a little over two months (May 1 to July 10), while the expat population in the same period fell by 97,704. (Shutterstock)
July 12th, 2018 - 07:46 GMT

Over 97,000 Expats Bid Farewell to Their Lives in Oman in the Last Two Months

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