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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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Qatar has one of the highest penetration rates in the MENA region of 176 percent behind only the UAE and Bahrain. (Al Bawaba)
April 9th, 2017 - 12:46 GMT

Qatar: Telecom sector’s share of GDP up 0.4 percent

The recent slump in oil prices has constrained activity for consultants in the GCC. In fact, the market has slowed to about 6 percent growth from 15 percent in 2014. (Shutterstock)
April 9th, 2017 - 10:19 GMT

GCC consulting sector hit by lower oil prices: Report

Markets fall after the US launched dozens of missiles against an airbase in western Syria on Friday. (File photo)
April 9th, 2017 - 06:42 GMT

Stock markets fall in aftermath of US airstrikes in Syria

The price of oil has hit its highest level for a month in response to the US missile attack on a military base in western Syria: Agencies. (AFP/File)
April 7th, 2017 - 07:45 GMT

Oil prices jump after Trump launches military strike on Syria

The Saudi cabinet said it is planning a 35-percent increase in basic salaries of all air force pilots and weapons operators. Officers who fly fighter jets or operate their weapons systems will receive a 60-percent pay increase. (File photo)
April 6th, 2017 - 02:01 GMT

War in Yemen: Saudi fighter pilots get 60 percent pay hike

Consumer prices in Turkey rose 11.3 percent in March from the same period in 2016, the highest annual rate recorded since October 2008. (File photo)
April 6th, 2017 - 01:34 GMT

Turkey's inflation rate still stuck in double-digit territory

March witnessed a downward trend in price indexes of the food groups except meat, according to UN's Food and Agriculture Organization (FAO). (File photo)
April 6th, 2017 - 12:26 GMT

Global food prices drop in March amid large supplies: UN

Theresa May, pictured left with Saudi Arabia's King Salman, during her two-day trip to Riyadh on April 4 2017. (AFP)
April 6th, 2017 - 11:23 GMT

Theresa May is trying to get Saudi Aramco's IPO to list in London instead of New York

Real estate and financial services represent 75 percent of global investment flows into the UAE alone. (Pixabay)
April 6th, 2017 - 10:56 GMT

Services get the biggest share of global investment flows: WTO

Sharjah's tourism and travel sector is expected to grow to more than $1.3 billion by 2019. (File photo)
April 6th, 2017 - 04:00 GMT

Sharjah's FDI to exceed $272M in 2017

Rifaat Assad is the exiled uncle of Bashar Assad. He was vice president of Syria when the country was ruled by Bashar’s father Hafez. (File photo)
April 5th, 2017 - 10:03 GMT

Assad's uncle properties seized by Spanish police in money laundering investigation

The weak exchange rate relative to the US dollar continues to be the key reason for higher raw material prices. (File photo)
April 5th, 2017 - 12:36 GMT

Weak economy, currency send Egypt non-oil sector into free fall

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