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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 MoU was signed by Ali Ibrahim, Deputy Director General of DED and Managing Director of emcredit Limited, and Muna Al Qassab, CEO of emcredit Limited, with Abdalla Al Shamsi, CEO Digital Force PRO and Co-founder of ebooc, and Sunil Malhotra, Co-founder of ebooc and MD of Bchain.
June 20th, 2018 - 09:43 GMT

Emcredit and ebooc to Launch NexgGen Digital Payment POS Machines in Dubai

Syrian refugee Sahira Zoubi works on a new handbag, made from recycled newspapers, at an up-cycling workshop in Irbid city, northern Jordan, May 9, 2018. (JT)
June 20th, 2018 - 08:58 GMT

Syrian Refugees Recycling Rubbish Into Revenue in Jordan

Four Egyptian companies among its list of 100 most powerful public companies in the Middle East and North African regions.
June 20th, 2018 - 08:29 GMT

4 Egyptian Companies Among the Top 100 Powerful in the MENA

The government will cut public spending by JD150 million this year and will implement a series of projects to improve services, said Prime Minister Omar Razzaz. (AFP)
June 20th, 2018 - 08:20 GMT

Jordanian Government to Cut Public Spending by JD150 Million

Luxury hotel units at Al Mahra Resort by Cristal can now be purchased in Bitcoins or similar digital currency. (Shutterstock)
June 20th, 2018 - 06:44 GMT

Luxury Hotel Units in UAE Available for Purchase in Bitcoin

Under the new initiative called 'Protect yourself by modifying your status'. (shutterstock)
June 20th, 2018 - 06:39 GMT

UAE to Offer Grace Period for Illegal Residents

According to the Ministry of Manpower, there are several types of work visas available in Oman. (Shutterstock)
June 20th, 2018 - 06:30 GMT

More Firms Go for Short Term Omani Work Visas for Expats

Bitcoin and similar cryptocurrencies have "a range of shortcomings" that prevent them from becoming usable government-backed currencies. (Shutterstock)
June 19th, 2018 - 09:23 GMT

Banking Experts: Cryptocurrencies Can't Work as Real Money

With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)
June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

The number of female doctors rose from 2,053 in 2012 to 2,403 in 2016. (Shutterstock)
June 19th, 2018 - 07:55 GMT

Growing Number of Women Doctors in Oman, Says Study


OPEC is about to hold what’s likely to be its most difficult meeting in years. (Shutterstock)
June 19th, 2018 - 07:14 GMT

Saudi Oil Chief Faces Toughest OPEC Test After Reviving Market

They will also be exempted from fines. (Shutterstock)
June 19th, 2018 - 07:04 GMT

One-Year UAE Residency Visa for People in War, Disaster Zones

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