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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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King Salman on Tuesday announced Saudi Arabia’s largest-ever budget for 2018. (AFP/ File)
December 19th, 2017 - 04:11 GMT

Saudi Arabia Announces $260 Billion Budget for 2018, Its Largest Ever

The tax will have minimal economic impact on people and investments, says UAE Minister. (Shutterstock)
December 19th, 2017 - 02:44 GMT

No Increase in Salaries to Cope With VAT: UAE

The Forum was aimed to strengthen the partnership between Dubai Economy and the business community in Dubai.
December 19th, 2017 - 10:29 GMT

Dubai Economy Discuss Future-Readiness at 2nd Business Community Engagement Forum

The Municipality has recently accomplished a project for improving the landscaping of roads in the surrounds of the Sheikh Zayed Grand Mosque, Wahat Al Kararma in Abu Dhabi.
December 19th, 2017 - 05:42 GMT

Abu Dhabi Municipality Completes Landscaping Project Near Sheikh Zayed Mosque

Senior bankers in Saudi Arabia have clarified that money sent home by expat workers will not be taxed under the new VAT. (Shutterstock)
December 18th, 2017 - 12:33 GMT

No VAT on Expat Remittances in 2018: Saudi Arabia

The campaign has witnessed a remarkable improvement in the size and diversity of events, and participation of the community, entities and educational institutions.
December 18th, 2017 - 08:44 GMT

Abu Dhabi Municipality Concludes 'Our Parks' Campaign 2017

Sultan Ahmed bin Sulayem, DP World Group Chairman, during the inauguration
December 17th, 2017 - 11:47 GMT

TEKNO 2017 Opens Today in Dubai

ADFD has allocated AED10.5 billion towards financing 26 development projects in Bahrain spanning the housing, energy, transportation and healthcare sectors.
December 17th, 2017 - 09:24 GMT

Abu Dhabi Fund for Development Allocates Dh10.5 Billion to Finance 26 Strategic Projects in Bahrain

Engineer Saed Al Awadi, CEO of Dubai Exports
December 17th, 2017 - 08:23 GMT

Dubai Exports Brings Businesses in UAE and Vietnam Closer to Explore Trade Links

Lebanon's real GDP growth is expected to pick up in 2018 supported by the reopening of trade routes with Syria and Iraq by mid-2018. (File photo)
December 14th, 2017 - 02:07 GMT

Reopening Syria, Iraq Trade Routes Will Add to Lebanon's 2018 GDP Growth

Saudi Arabia has announced that electronic purchases are subject to the value added tax (VAT), effective January 1. (File photo)
December 14th, 2017 - 01:48 GMT

E-Commerce Transactions Subject to VAT: Saudi Arabia

The UAE, Saudi Arabia and Bahrain have raised their interest rates today. Kuwait's interest rate remains unchanged. (File photo)
December 14th, 2017 - 01:03 GMT

UAE, Saudi Arabia, Bahrain Follow US With Interest Rate Hike

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