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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 data gathered keeps track of the daily total number of pilgrims, classified by their nationalities, time and place of arrival and vehicle types. (SPA)
August 31st, 2017 - 12:46 GMT

Saudi Arabia Uses 400 Statisticians, High-Tech System to Track Hajj Data

S&P affirmed this week its 'AA-/A-1+' long- and short-term foreign and local currency sovereign ratings on Qatar. (Shutterstock)
August 29th, 2017 - 11:28 GMT

Qatar’s Outlook Negative as Long as Blockade Remains: S&P

A view of Lebanon's capital, Beirut. (AFP/ File)
August 28th, 2017 - 02:15 GMT

Lebanon's Government Debt to Reach 140 Percent of GDP in 2018: Moody's

The number of foreign workers in the Kingdom is expected to decline from 12.2 million - or 37 percent of the country’s population - to 32.6 percent by the middle of 2017. (AFP/ File)
August 28th, 2017 - 12:44 GMT

Expat Remittances Drop 8 Percent as Saudi Arabia Enforces Expat Fee

Only 192 M&A deals were recorded across the region during the first half of 2017, compared to 250 deals in 2016. (Shutterstock)
August 28th, 2017 - 11:57 GMT

Middle East's M&A Deals Drop 23 Percent in First Half of 2017: Report

UAE president, Sheikh Khalifa bin Zayed Al Nahyan. (File photo)
August 28th, 2017 - 10:52 GMT

UAE President Approves 5 Percent Value-Added Tax, to Start in 2018

Mecca is set to host 30 million pilgrims and Umrah performers by 2030. (File photo)
August 28th, 2017 - 10:22 GMT

Economics of Hajj: Umrah, Hajj Revenues to Exceed $150 Billion by 2022

Sudanese President Omar al-Bashir walks past Chinese military honor guard during a welcoming ceremony in Beijing on June 29, 2011. (Liu Jin/ AFP)
August 27th, 2017 - 11:53 GMT

Sudan Gets $160 Million in Debt Relief From China

The country said it would allow complete foreign ownership of all types of education centers, including primary schools. (Amer Salem/ AFP)
August 27th, 2017 - 10:12 GMT

Saudi Arabia to Allow Full Foreign Ownership for Health, Education Sectors

DP World's first-half revenues were up 9.6 percent to $2.29 billion, from $2.09 billion in June 2016. (File photo)
August 27th, 2017 - 10:05 GMT

DP World's Cash Flow Steady Despite Flat First-Half Results: CEO

King Salman. (AFP/ File photo)
August 27th, 2017 - 09:36 GMT

Saudi Arabia, China Announce $20 Billion Joint Investment Fund

The canal is the fastest shipping route between Europe and Asia and one of Egypt’s main sources of foreign currency. (AFP/ File)
August 24th, 2017 - 02:04 GMT

Egypt's Suez Canal Revenues Rise to $447.1 Million in July

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