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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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Hamad Buamim, president and CEO of Dubai Chamber
July 24th, 2017 - 09:28 GMT

Dubai Chamber Members’ Trade Hits $40bn in H1

Sheikh Zayed City Egypt
July 24th, 2017 - 05:32 GMT

ADFD Provides Strategic Funding for 64 Development Projects in Egypt Worth AED4 Billion

The absence of a legal framework for bankruptcy has long been a hindrance to UAE businesses. Not anymore. (Shutterstock)
July 23rd, 2017 - 11:17 GMT

A Look at UAE's New Bankruptcy Law: How It Works and Why It's Good News

Economic growth this year for Saudi Arabia is forecast to be around 0.1 percent. (File photo)
July 23rd, 2017 - 09:30 GMT

Saudi Arabia's 2017 Growth Forecast 'Close to Zero': IMF

Iran expects to export 1 million tonnes of surplus wheat and its products this year. (AFP/ File)
July 20th, 2017 - 12:03 GMT

Largely Self-Sufficient, Iran to Export 1 Million Tonnes of Surplus Wheat

Last year's coup attempt, geopolitical developments and the referendum process have all affected Turkey's economy. (AFP/ File)
July 20th, 2017 - 11:54 GMT

Turkey Optimistic, Even as It Runs a $7-Billion Budget Deficit

A rendering of Hamad Port. (Twitter)
July 20th, 2017 - 10:05 GMT

Qatar's Hamad Port Breaks Blockade With Five New Shipping Lines

The new system is designed to automatically detect late or non-payment of salaries to employees in the private sector. (Shutterstock)
July 20th, 2017 - 08:59 GMT

Oman Announces New Wage Protection System for Employees in Private Sector

President Donald Trump vowed during his presidential campaign to re-open NAFTA. (AFP/ File)
July 19th, 2017 - 11:56 GMT

Trump Targets Trade Deficit, Currency Manipulation in NAFTA Talks

An expat waits for his flight at the King Khalid International airport on February 16, 2017. (Fayez Nureldine/ AFP)
July 19th, 2017 - 11:34 GMT

Saudi Arabia’s Expat Fee Doesn't Apply to Dependents on Visit Visa

The world's first operational police robot stands at attention in Downtown Dubai on May 31, 2017. (AFP)
July 19th, 2017 - 11:16 GMT

Non-Oil Sector Will Claim 80 Percent of UAE, Saudi GDP by 2025: Report

Engineer Muammar Al Katheeri and Ghazi Atallah carrying the award.
July 19th, 2017 - 09:38 GMT

DSOA Bags Best Infrastructure Innovation Award for Silicon Park Project in Collaboration With NxN

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