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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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Experts are of the view that the new expat tax will bring down housing rents in Saudi Arabia by 10 to 20 percent. (File photo)
August 7th, 2017 - 01:44 GMT

More Jobs, Lower Rents with Saudi Arabia's New Expat Tax: Analysts

During the first three months of 2017 the Bahraini economy expanded by 2.9% overall. (Photo supplied)
August 7th, 2017 - 12:05 GMT

Bahrain’s Non-Oil Sector Grows to 4.4 Percent in Q1 2017: Report


The workshops will support the Chamber in its efforts to provide more clarity for businesses on VAT, and enhance their understanding of its impact on the UAE’s private sector.
August 7th, 2017 - 05:16 GMT

Dubai Chamber to Host Workshops on VAT

Turkish president Recep Tayyip Erdogan. (File photo)
August 6th, 2017 - 07:00 GMT

Turkey's Exports Soar to Six-Year High in July: Exporters Unit

The Red Sea tourism project was launched on Monday and is expected to create as many as 35,000 jobs. (Pixabay)
August 6th, 2017 - 05:00 GMT

Saudi Arabia Expects to Create 35,000 Jobs With New Red Sea Project

Some neighborhoods in Riyadh have a lot of runaway expat workers who do not have any ID documents and can be seen walking the streets searching for random jobs. (AFP/ File)
August 6th, 2017 - 10:11 GMT

Saudi Arabia Cracks Down on Employment of Runaway Workers, Housemaids

The loan brings to over $10 billion Oman’s external borrowing in 2017. (File photo)
August 6th, 2017 - 09:49 GMT

Heavily Indebted, Oman Uses $3.5 Billion Chinese Loan to Balance the Books

Iraq is oil rich and has significant potential for economic development and growth. (File photo)
August 6th, 2017 - 09:30 GMT

Moody's Assigns Caa1 Issuer Rating to Iraq, Outlook Stable

The new scheme aims to provide housing at rents ranging from Dh70 ($190.59) to Dh2,100 ($571.76) per month. (File photo)
August 6th, 2017 - 09:21 GMT

Abu Dhabi Launches New Affordable Housing Plan for Low-Income Groups

Manufacturing industries contributed 6.9 percent to the emirate’s economic output in 2016. (File photo)
August 6th, 2017 - 09:03 GMT

Abu Dhabi: 16 New Factories Enter Production in H1 2017

A delegation from Dubai Economy led by Abdullatif Al Marzouqi, Senior Manager of Consumer Awareness Section in CCCP, attended the opening of the first counter.
August 6th, 2017 - 08:12 GMT

Dubai Economy Launches ‘Consumer Happiness Centre’ at Al-Futtaim Group’s Trading Enterprises

Engineer Saed Al Awadi, CEO of Dubai Exports
August 6th, 2017 - 05:26 GMT

Dubai Exports Extends Support to the Future Manufacturing & Trade Summit 2017

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