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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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Andrew Norwood, research vice president at Gartner
January 11th, 2018 - 06:13 GMT

Semiconductor Revenue Grows 22 Percent in 2017, Samsung Largest Supplier: Report

In the Arab region, the concept of CVC is still at a nascent stage, however, the wave of high-growth technology startups represents an untapped avenue for investors. (Shutterstock)
January 10th, 2018 - 06:00 GMT

Opinion: Forget About Traditional VC Funding, CVC Is What MENA Needs

The UAE's economy is geared to grow at an accelerated pace in 2018. (Pixabay)
January 10th, 2018 - 12:55 GMT

UAE’s Economy to Grow 3.6 Percent in 2018, up From 1.7 Percent Last Year

The UAE has published the names of the free zones that will be exempt from VAT. Here’s the full list. (Courtesy of Jafza)
January 10th, 2018 - 11:31 GMT

FTA Announces List of VAT Free Zones in the UAE

Saudi Arabia on Tuesday approved a 20 percent bonus for three years for those working in the veterinary field. (Pixabay)
January 10th, 2018 - 09:54 GMT

20 Percent Bonus for Veterinary Workers in 2018: Saudi Arabia

Foreign investors will be allowed to own up to 49 percent of shares on the Saudi stock market, according to a document published by the local regulator. (AFP)
January 10th, 2018 - 08:40 GMT

Ahead of Aramco IPO: Foreigners Allowed to Own up to 49 Percent of Saudi Stocks

The highest percentages of unemployment in Saudi Arabia are found in Medina, Baha and Jouf regions, according to the General Authority for Statistics. (Shutterstock)
January 9th, 2018 - 12:58 GMT

Saudi Arabia: Unemployment Highest in Medina, Baha and Jouf

Nearly three quarters of GCC employers are expecting to recruit new staff over the next year, according to a report by recruitment firm Hays. (Shutterstock)
January 9th, 2018 - 11:58 GMT

75 Percent of GCC Employers Expected to Hire in 2018: Report

The group were arrested after protests at a royal palace in Riyadh on Thursday. (Shutterstock)
January 9th, 2018 - 11:01 GMT

Sons of Almarai Founder Arrested in Saudi Arabia Over Protest

Photos for participants were taken and glued together to create a big mosaic for Sheikh Mohammed bin Zayed Al Nahyan.
January 9th, 2018 - 10:08 GMT

Dubai Customs Employees and Clients Make a 950-Photo Mosaic to Thank Mohammed Bin Zayed

The increased fuel prices in Bahrain came into effect from 2:00pm yesterday. (AFP)
January 9th, 2018 - 10:04 GMT

Bahrain Raises Gas Prices Closer to International Levels

Foreigners applying to work in the UAE will soon be required to obtain a good conduct and behavior certificate to receive a work visa. (Shutterstock)
January 9th, 2018 - 08:40 GMT

UAE Introduces ‘Good Behavior’ Criteria for Hiring Expats

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