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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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Lebanese protesters wave the national flag in front of a barbed wire fence as large crowds rally in Beirut on August 23, 2015. (Anwar Amro/ AFP)
August 22nd, 2017 - 10:54 GMT

Lebanese President Approves Controversial Salary Scale, Tax Hike Laws

Students line up as they enter their classroom on the first day of the academic year for public schools in Dubai on September 27, 2009. (Karim Sahib/ AFP)
August 22nd, 2017 - 10:08 GMT

VAT Not Applicable to Schools, Nurseries: UAE's Tax Authority

Abu Dhabi City Municipality
August 22nd, 2017 - 06:27 GMT

ADM Launches 3-Day Inspection Campaigns on Men's Salons in Musaffah Industrial, Serves 35 Warnings

All contractors working on public sector projects will be exempt from expatriate workers’ tax. (File photo)
August 21st, 2017 - 09:22 GMT

Saudi Arabia Says Public Sector Contractors Exempt From Workers’ Tax

The event under the Community Agenda initiative aimed to discuss the activation of initiatives that strengthen community cohesion, enhance the UAE’s humanitarian work through the participation of all stakeholders of the society, and honour the UAE Martyrs for their noble sacrifice in promoting humanitarian action.
August 21st, 2017 - 05:25 GMT

CDA Marks “World Humanitarian Day” With Special Session to Strengthen Community Cohesion and Volunteerism

Saudi riyals. (File photo)
August 20th, 2017 - 05:00 GMT

How Does Money Exchange During Haj Benefit the Saudi Economy?

No instructions to stop dealing in Qatari Riyal, says Saudi Arabia. (Reuters)
August 20th, 2017 - 09:32 GMT

Saudi Arabia Denies Ban on Qatari Riyal Transactions as Haj Season Kicks Off

The Governor of GAZT, Suhail Abanmi. (SG)
August 20th, 2017 - 09:06 GMT

Saudi Arabia Launches VAT Website and Helpline

The training program included security awareness inside and outside Dubai Customs and violations at the workplace, plus a workshop on innovation and protection.
August 20th, 2017 - 05:43 GMT

Dubai Customs Concludes Its Summer Training Program

Diplomatic ties between the two countries were severed in the wake of Saddam Hussein’s 1990 invasion of Kuwait, but are now being revived. (Christophe Simon/ AFP)
August 15th, 2017 - 07:49 GMT

Saudi Arabia Launches Joint Trade Council With Iraq, Opens Border After 27 Years

Saudi Crown Prince Mohammad Bin Salman. (AFP/ File)
August 15th, 2017 - 07:22 GMT

Saudi Arabia Announces New Authority to Regulate Military Industries

Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14th, 2017 - 01:11 GMT

Rents and Food Lead Consumer Spending in UAE: Report

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