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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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Can salary increases in the UAE this year cushion the impact of VAT on residents’ wallets? (Shutterstock)
January 4th, 2018 - 08:58 GMT

Will Salary Hikes in UAE Make VAT More Bearable in 2018?

The General Authority for Zakat in Saudi Arabia has announced that all lease contracts concluded before January 1 are exempt from VAT. (Shutterstock)
January 4th, 2018 - 08:01 GMT

Pre-2018 Leases, Mortgages Exempt From VAT: Saudi Arabia

Oman has dedicated the largest share of its 2018 budget of about $32.5 billion to the education, health and social welfare sectors with $10 billion. (AFP)
January 4th, 2018 - 07:02 GMT

Oman Dedicates $10 Billion for Education, Health in 2018 Budget

Oman’s economy is expected to grow by a minimum of 3 percent in 2018. (Pictured here: Sultan Qaboos of Oman /AFP)
January 3rd, 2018 - 07:00 GMT

Oman’s 2018 Budget Projects Economic Growth of 3 Percent

Aid agencies have warned that about eight million people in the country are on the brink of famine with outbreaks of cholera and diphtheria. (AFP)
January 3rd, 2018 - 01:00 GMT

Yemen Announces First Budget Since Beginning of War

Ahsan Iqbal Chaudhary, Pakistan’s Federal Minister of Interior and Minister of Planning, Development, and Reform
January 3rd, 2018 - 12:53 GMT

Pakistani Minister Shares his Insight at GU-Q

No changes on the dependent fee this year, says Saudi Arabia. (AFP)
January 3rd, 2018 - 12:00 GMT

Saudi Arabia: Dependent Fee on Track, to Hit SR400 by 2020

The UAE is firmly on course to be one of the best performers among other regional economies over the next five years. (Pixabay)
January 3rd, 2018 - 11:40 GMT

Trade, Tourism Main Drivers of UAE’s Growth Over Next 5 Years: Analysts

Omar Al Hamli, Executive Director, Business Support in Trakhees; Musabbah Al Qaizi, Head of Electronic Banking Services & IT; and Naveed Ali, Chief of Corporate Banking, DIB, during the signing ceremony.
January 3rd, 2018 - 10:57 GMT

Trakhees Signs Agreement With Dubai Islamic Bank for Direct Payment Options

Khamis Juma Buamin, Managing Director and Group CEO of Gulf Navigation
January 3rd, 2018 - 07:27 GMT

Gulf Navigation Announces Increasing Its Capital Through IPO to Dh1 Billion

Turkey is raising its minimum wage by 14.5 percent as of January 1. (AFP)
January 2nd, 2018 - 01:00 GMT

Turkey Raises Minimum Wage by 14.5 Percent in 2018

Saudi Arabia started on Monday applying VAT as part of plans to boost revenue. (Shutterstock)
January 2nd, 2018 - 11:46 GMT

Saudi Arabia Expects $9 Billion VAT Revenue in First Year

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