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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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The nature of life in the UAE is making it hard for residents to think about saving money, according to a new survey. (File photo)
November 7th, 2017 - 04:00 GMT

7 in 10 People in UAE Don't Know How to Save Money: Survey

Companies in Oman will need to adopt the new wage protection system to ensure that all employees are paid on time. (AFP/ File)
November 7th, 2017 - 02:49 GMT

Oman Enforces New Wage Protection System

Sultan bin Saeed Al Mansouri, UAE Minister of Economy, during the inauguration.
November 7th, 2017 - 10:10 GMT

The 3rd Future Mobility Conference to Open in Dubai With Hundreds of Experts and Producers

Saudi Crown Prince Mohammed Bin Salman this week launched an anti-corruption probe that resulted in the arrest of key business people, including Prince Alwaleed bin Talal. (AFP/ File)
November 6th, 2017 - 03:05 GMT

Podcast: Saudi Corruption Probe, New Fed Chief and Other Stories This Week

No VAT will apply on exports to countries outside the GCC region. (AFP/ File)
November 6th, 2017 - 11:05 GMT

No VAT on Rents, Medications or Non-GCC Exports: Saudi Arabia

Kuwait has banned the recruitment of expats who are under 30 years of age. Pictured here: Kuwait's Emir, Sabah Al-Ahmad Al-Jaber Al-Sabah. (AFP/ File)
November 5th, 2017 - 07:00 GMT

Kuwait Bans Work Visas for Expats Younger Than 30 Years Old

Tadawul remained the dominant exchange in the GCC in terms of IPO proceeds. (AFP/ File)
November 5th, 2017 - 05:00 GMT

Four IPOs Issued in the GCC in Q3 2017

The campaign aimed to review the compliance of supervisors of these residences with the delivery of services and means of living to workers in a civilised manner.
November 5th, 2017 - 12:10 GMT

Abu Dhabi Municipality Issues 66 Offences to Workers Quarters at Wathba South

Shares of Kingdom Holdings tumbled nearly 10 percent on Sunday. (AFP/ File)
November 5th, 2017 - 11:27 GMT

Kingdom Holding’s Shares Crash After Arrest of Prince Alwaleed in Anti-Corruption Probe

Qatar's strong fiscal position and relatively diversified economy will propel economic activity going forward in the country. (File photo)
November 2nd, 2017 - 10:16 GMT

Strong Fiscal Position to Bolster Qatar Economy: Report

Bahrain has been among the hardest hit countries in the Gulf Cooperation council by the drop in oil prices. (Shutterstock)
November 2nd, 2017 - 07:03 GMT

Bahrain Asks Gulf Allies for Financial Aid

Saudi Arabia has made the most progress in terms of female economic participation since the WEF report began in 2006. (Shutterstock)
November 2nd, 2017 - 05:59 GMT

World Economic Forum Praises Slow, but Sure, Progress in Closing Saudi Gender Gap

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