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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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Turkey's inflation rose exponentially during 2017, from 9 percent in January to almost 13 percent in November. (AFP/ File)
December 5th, 2017 - 02:22 GMT

Turkey's Inflation Hits 14-Year High in November

Shops found to be employing foreigners will face a fine of SR20,000 ($5,324) for each expat worker. (File photo)
December 4th, 2017 - 02:12 GMT

Saudi Arabia Bans Foreigners from Working in Gold, Jewelry Shops

According to a press statement, the department has vowed to increase Emiratisation by attracting national talents and providing an ideal environment that supports citizens as well as contributes to forming young Emirati leaders capable of planning for the future.
December 4th, 2017 - 08:12 GMT

Sharjah Economic Development Department Announces 94 Percent Emiratisation Rate

S&P Global Ratings on Friday lowered Bahrain’s long-term foreign and local currency sovereign credit ratings to ‘B+’ from ‘BB-'. (Shutterstock)
December 3rd, 2017 - 06:00 GMT

Bahrain's Economy Remains Stable Despite S&P Rating: Central Bank

Prince Mohammed Bin Salman figures on this year's list of Bloomberg 50 Most Influential People. (AFP/ File)
December 3rd, 2017 - 01:57 GMT

Mohammed Bin Salman Among Bloomberg 50 Most Influential for 2017

Banks across Saudi Arabia are preparing for the transition from one riyal notes to one and two riyal coins. (Courtesy of SAMA)
December 3rd, 2017 - 01:13 GMT

Saudi Banks Prepare to Deal With 1 Riyal Coins, Instead of Paper

Reem bint Ibrahim Al Hashimi, Minister of State for International Cooperation
December 3rd, 2017 - 12:48 GMT

Sultan Al Qasimi to Attend First Women’s Economic Empowerment Global Summit Tomorrow

The trade agreements in the fields of economy, trade, industry, oil and aviation were signed on the sidelines of Prince Salman’s official visit to the US.
December 3rd, 2017 - 12:07 GMT

Bahrain Inks $10 Billion Trade Agreements With US

Al Zahya Development Project is part of Abu Dhabi Plan and vision.
December 3rd, 2017 - 10:03 GMT

ADM Continues Zahya Development Including Four Bridges Linking With Maria Island

Director of Dubai Customs Ahmed Mahboob Musabih
December 3rd, 2017 - 07:01 GMT

Dubai Customs’ Smart Refund Initiative Supports Dubai in Hosting Expo 2020

Three million visitors from 185 countries were received by Dubai World Trade Centre (DWTC) in 2016, thanks to GITEX, Gulfood and other events.
November 30th, 2017 - 02:56 GMT

DWTC Receives 3 Million Visitors in 2016, Up 11 Percent

Members of the Expo 2020 Dubai team and their families came together to enjoy UAE National Day celebrations at the Expo site office.
November 30th, 2017 - 02:41 GMT

Expo 2020 Dubai Celebrates 46th UAE National Day

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