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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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Consumers in the UAE can now check the authenticity of their tax invoices and ensure that merchants are registered with the tax authority. (File photo)
January 24th, 2018 - 06:15 GMT

UAE Federal Tax Authority Launches VAT Calculator and Tax Verification System on Website

Following in the footsteps of South Korea and China, the European Union (EU) is considering stricter rules on virtual currency platforms. (Shutterstock)
January 23rd, 2018 - 01:00 GMT

After South Korea and China: EU Tightening Grip on Bitcoin, Cryptocurrency Platforms

Ivanka Trump is reportedly looking for a new White House Chief of Staff after some reports emerged that Donald Trump was unhappy with current chief John Kelly. (AFP/ File)
January 23rd, 2018 - 12:05 GMT

White House Jobs: Ivanka Trump Reportedly Looking for New Chief of Staff

The IMF has revised its World Economic Outlook for 2018. (AFP/ File)
January 23rd, 2018 - 10:46 GMT

Thanks to US Tax Cuts, IMF Raises Forecast for Global Growth in 2018

Klaus Schwab speaks during the opening session of the World Economic Forum (WEF) in Davos. (Fabrice Coffrini/ AFP)
January 23rd, 2018 - 10:06 GMT

‘We Need Collaborative Efforts’: WEF 2018 Kicks off With Call for Collaboration [Video]

While entrepreneurs and Islamic finance startups readily advocate cryptocurrencies for what they are convinced are halal transactions, others keep thinking otherwise. (Shutterstock)
January 22nd, 2018 - 02:00 GMT

Cryptocurrencies, Haram or Halal?

Donald Trump has repeatedly claimed that the 24-year-old NAFTA deal is the "worst trade deal that the US has ever made." (Shutterstock)
January 22nd, 2018 - 01:00 GMT

‘Worst Deal Ever’: Will Donald Trump Terminate NAFTA?

“Turkey’s economy is not an economy which will be affected by these kinds of small operations,” Turkish PM Binali Yildirim said. (AFP)
January 22nd, 2018 - 09:38 GMT

Operation Afrin in Syria Poses No Threat to Turkey’s Economy: Turkish PM

Saudi Arabia plans to build nine desalination plants for more than SR2 billion ($530 million) on the Red Sea coast, it said on Sunday. (Shutterstock)
January 22nd, 2018 - 09:15 GMT

Saudi Arabia, Largest Producer of Desalinated Water, to Build 9 More Plants

Britain’s biggest listed funeral services company, Dignity, is slashing the cost of its basic funeral by 25 percent with immediate effect, it said on Friday. Others are following suit. (Shutterstock)
January 21st, 2018 - 02:57 GMT

Has Brexit Made Funeral Services Cheaper in UK?

Bosnia has become a favored destination for Arab tourists and investors alike.  In the photo: Bosnian women take cover from the rain under umbrellas in Sarajevo, on January 15, 2014. (AFP)
January 21st, 2018 - 02:21 GMT

Arabs Hold Over 40 Percent of Bosnia’s FDI: Turkish Businessman

From Bill Gates to Marc Benioff, read on for some of the most notable technologists speaking at the World Economic Forum this year. (Shutterstock)
January 21st, 2018 - 12:12 GMT

World Economic Forum 2018: Bill Gates, Dara Khosrowshahi and Jack Ma Among Top Speakers

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