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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 introduction of 5 per cent VAT was more or less offset by reduced rents in the UAE housing market. (Pixabay)
May 23rd, 2018 - 06:46 GMT

Drop in House Rents Soften VAT Impact in UAE

Investigators posed as members of the public and discovered about 30,000 cryptocurrency-related domain names, most created sometime in the last year after the price of a single bitcoin reached record levels in November. (Shutterstock)
May 22nd, 2018 - 08:48 GMT

Regulators Announce Crack Down on Cryptocurrency Investment Schemes

Among the key sectors in the UAE, those preferred by investors are e-commerce, fintech, food and beverage, logistics and transport. (Shutterstock)
May 22nd, 2018 - 06:46 GMT

New Visa Policy Will Make UAE a Global Innovation Hub

US Secretary of State Mike Pompeo. (AFP)
May 22nd, 2018 - 06:41 GMT

Iran Faces ‘Strongest Sanctions in History’

Trakhees customer service center in getting a 4-star rating from Dubai Government 2017.
May 21st, 2018 - 10:11 GMT

Trakhees Service Center in Dubai Receives 4-Star Rating

The Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

DP World Sokhna is part of the DP World's international network of 78 marine and inland terminals in 40 countries across six continents.
May 21st, 2018 - 05:09 GMT

DP World Sokhna Welcomes Inaugural Vessel of New Shipping Alliance

Honourees included Khasaheb Company; which was named as the best in implementing H&S standards at construction sites. Consultants felicitated included Al Dar Properties, Allison Consultants, Icom, and Parsons. Contractors honoured Khatib and Alami, Fibrex and LG.
May 20th, 2018 - 11:49 GMT

ADM Calls for Highest Occupational H&S Standards for Workers

This announcement came as a result of efforts made by the Ministry of Finance (MoF) in cooperation with relevant entities in federal and local government.
May 20th, 2018 - 11:24 GMT

UAE Joins the Inclusive Framework on Base Erosion and Profit Shifting (BEPS)

Everyone agrees that Hezbollah can always find ways to bypass the “American fist” around it. (AFP/File)
May 20th, 2018 - 08:26 GMT

The Repercussions of the New Sanctions Against Hizbollah on the Lebanese Business Sector

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