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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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Saudi Finance Minister Mohammed Al-Jadaan during a press conference in Riyadh on December 22, 2016, to announce the country's national budget for 2017. (AFP)
April 19th, 2017 - 01:43 GMT

Declining oil prices pressure Middle East's economic growth: Report

World Heritage Day
April 19th, 2017 - 10:29 GMT

Dubai Customs celebrates World Heritage Day

Supporters of Algerian President Abdelazziz Bouteflika gather during a political meeting ahead of the country's presidential election in 2014. (AFP/Farouk Batiche)
April 18th, 2017 - 04:59 GMT

Algeria: Dirty politics, corruption rock May 4 parliamentary elections

Saudi Arabia hopes to see at least 1 million foreign workers leave the country during this year's three-month grace period. (AFP/File)
April 18th, 2017 - 04:31 GMT

Saudi Arabia Deports More Than 5.5 Million Expat Workers in Four Years

President Recep Tayyip Erdogan owes his success largely to the growth of the Turkish economy in the past decade, but he must keep in mind that more direct investment requires political stability and a reliable legal framework. (AFP/File)
April 18th, 2017 - 02:34 GMT

What does Turkey's referendum mean for foreign investors?

Since the 25 January Revolution, Egypt's economy encountered many challenges, from political unrest and declining tourism to currency fluctuations and fuel shortages. (AFP/Khaled Desouki)
April 18th, 2017 - 01:34 GMT

Egypt's car sales drop 40 percent

Hamas security forces stand guard at Erez border crossing with Israel on March 26, 2017. (AFP/Mahmud Hams)
April 18th, 2017 - 01:01 GMT

Gaza increases tariffs on Israeli imports

Qatar revamps its work visa rules for expats amid accusations that some sectors, especially construction, are rife with abuse of migrant workers. (AFP/Karim Jaafar)
April 18th, 2017 - 12:33 GMT

Qatar changes work visa rules for expats

The introduction of a value-added tax in the GCC region may see inflation soar by as much as 1.4 per cent, but it is expected to generate $25 billion in annual tax revenue. (Pixabay)
April 18th, 2017 - 11:36 GMT

How will GCC's VAT rules impact commodities?

The event saw the signing of an agreement between Dubai Customs and the British University in Dubai (BUiD) on research and knowledge sharing.
April 18th, 2017 - 09:37 GMT

Dubai Customs signs cooperation agreement with BUiD, and unleashes innovation

Turkey voted on April 16, 2017 to accept constitutional changes proposed by Turkish President Recep Tayyip Erdogan that will usher in an executive presidency. (AFP/File)
April 17th, 2017 - 02:38 GMT

Turkey's stock market rises almost 1 percent after referendum

King of Bahrain Hamad bin Issa al-Khalifa pose with British Prime Minister Theresa May in Manama, Bahrain in December 2016. (AFP/File)
April 17th, 2017 - 12:27 GMT

Bahrain’s new financial reforms promise big payoffs for investors

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