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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 conditions state that in order to refund VAT, applicants must be UAE national. (Shutterstock)
May 20th, 2018 - 07:08 GMT

4 Steps to Refund VAT for UAE Nationals

Dubai Customs has won the best idea at the World Ideas Award 2016 organised in Frankfurt, Germany for developing an android robot inspector.
May 20th, 2018 - 06:02 GMT

DQG and Ideas Arabia Honour Dubai Customs for Sponsoring World Ideas Award 2018

Cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Lite and Dash, are taking the world by storm. (Shutterstock)
May 17th, 2018 - 12:00 GMT

Are Cryptocurrencies Really the Future of Money?

The drop in total crypto market cap further below $400 billion signalled the lack of the demand for cryptos amid widespread selling. (Pixabay)
May 17th, 2018 - 07:30 GMT

Bitcoin Falls as 'Consensus Pump' Fails to Materialise

May 17th, 2018 - 05:39 GMT

Ports, Customs, and Free Zone Corporation Takes Part in the Institute of Internal Auditors International Conference 2018

The ITL programme enables firms to test innovations in financial technology (FinTech) in or from the Dubai International Financial Centre (DIFC).
May 16th, 2018 - 02:11 GMT

DFSA Expands Fintech Innovation Testing Programme

The regulations apply to all electronic media activities carried out within the UAE, including those in free zones. (Pexels)
May 16th, 2018 - 12:00 GMT

Social Media Influencers in UAE Urged to Register by Month-End

During the meeting, H.E. Skvernelis spoke about Lithuania’s plans to expand infrastructure at its airports and ports.
May 16th, 2018 - 10:32 GMT

Lithuanian Prime Minister highlights prospects for expanding cooperation with UAE

Oil prices briefly rose above $79 a barrel on Tuesday, making the prospect of introducing a new levy in a country unused to taxation is even less appealing. (Pexels)
May 16th, 2018 - 09:00 GMT

Kuwait Postpones VAT on Recovering Oil Revenues

Blockchain — which acts as a digital public ledger that records transactions — could cut out the need for much of this paper-based documentation. (Shutterstock)
May 16th, 2018 - 08:07 GMT

Blockchain and Fintech Can Bridge Global Trade Gap

According to recent statistics, the Mice sector's annual contribution to the UAE economy stood at Dh2.39 billion and is anticipated to grow to Dh5.1 billion by 2020. (Pexels)
May 16th, 2018 - 07:45 GMT

VAT Refund to Boost MICE Industry in the UAE

Mortgage buyers are advised to secure the home of their dreams before repayment costs increase. (Shutterstock)
May 16th, 2018 - 07:40 GMT

A Home in Dubai? New Opportunity for Expats

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