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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 demand for online retail in the UAE, and the region, will continue to grow, according to experts. (File photo)
April 17th, 2018 - 12:00 GMT

Online Retail in Middle East Region Will Continue to Grow: Experts

Turkey's budget balance saw a deficit of $5.34 billion in the first quarter of 2018, the Finance Ministry announced on Monday. (AFP/ File)
April 17th, 2018 - 10:55 GMT

Turkey Posts $5.3 Billion Budget Deficit in Q1, Expenses up 17 Percent

UAE residents are less confident about their financial status compared to a year ago, according to a new survey. (File photo)
April 17th, 2018 - 10:05 GMT

UAE Residents Worried About Job Security, Cost of Living in 2018: Survey

On Sunday, Middle East equity markets were bullish. (AFP/ File)
April 16th, 2018 - 11:00 GMT

Week Ahead: How Will Geopolitical Risks Affect Global Markets, Oil Prices?

A company in Dubai has rolled out diamond-backed crypto assets and will sell it though blockchain technology. (Shutterstock)
April 16th, 2018 - 09:25 GMT

Diamond-Backed Crypto Assets Now Launched in Dubai

Whether cryptocurrencies are a good investment remains to be explored. (File photo)
April 15th, 2018 - 01:00 GMT

Gold or Cryptocurrencies? 3 Things You Need to Know Before You Invest

Egypt aims to cut petroleum subsidies by about 26%, and electricity subsidies by 47% in the draft budget for 2018/19. (File photo)
April 15th, 2018 - 11:43 GMT

Egypt Announces Deep Cuts in Petroleum, Electricity Subsidies in 2018/2019 Budget

Dubai on Saturday announced new economic initiatives to boost the emirates’s economy. (File photo)
April 15th, 2018 - 10:01 GMT

Dubai Unveils New ‘Stimulus Plan’ to Boost Economy: Details

As many as 811,000 expatriates have left the Kingdom on final exit visa in the past 18 months. (AFP/ File)
April 12th, 2018 - 04:10 GMT

Saudi Arabia: 1,500 Expats Leaving Every Day in Past 18 Months

King Abdullah Port has the world’s deepest 18-meter water berths and state-of-the-art processing facilities. (File photo)
April 12th, 2018 - 07:00 GMT

Saudi Arabia: King Abdullah Port 8th Fastest Growing Port in the World

The partnership agreement was signed by Sami Al Qamzi, Director General of DED, and Mohammed Al Ahli, Director General of the Dubai Civil Aviation Authority, in the presence of senior officials from both sides.
April 11th, 2018 - 10:13 GMT

Dubai's DED and DCAA Join Hands to Monitor Aviation-Related Businesses

Men and women in the UAE will be equally paid according to a new draft law. (Shutterstock)
April 11th, 2018 - 08:50 GMT

Equal Pay: UAE Announces Draft Law to Fix Gender Pay Gap

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