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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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Low prices of soft drinks and junk food have been blamed for rising rates of diabetes and obesity across the GCC region. (File photo)
April 4th, 2017 - 07:26 GMT

New soft drinks tax confirmed by GCC countries: Sources

During the meeting
April 4th, 2017 - 05:19 GMT

H.E. Al Mansoori discusses ways to strengthen trade & economic ties with Tatarstan at sidelines of 7th Annual Investment Meeting

Thousands of people march through the streets of Tunis for an anti-terror demonstration in March 2015. (AFP/Fethi Belaid)
April 3rd, 2017 - 01:30 GMT

Tunisia receives $64M grant from the European Commission

Hamdi Akin, the chairman of Akfen Holding, believes that the Turkish economy will recover in 2017. (Afken Holding)
April 3rd, 2017 - 12:30 GMT

Now is the time to invest in Turkey: Akfen Holding chief

Bahrain's trade balance declined with the value of the deficit reaching BD109 million ($289.1 million) in February, the report stated. (File photo)
April 3rd, 2017 - 11:30 GMT

Saudi Arabia tops list of importers from Bahrain with $119M: Report

Dubai Government Achievements Exhibition
April 3rd, 2017 - 11:26 GMT

PCFC’s initiatives in DGAE applauded

The average monthly salary across the UAE's three expatriate groups – Asian, Arab and Western – increased just 0.49 percent or $54 over the last year. (Pixabay)
April 3rd, 2017 - 10:42 GMT

Gulf Business reveals UAE's top 10 salaries for 2017, is yours one of them?

National Bank of Abu Dhabi (NBAD) is spearheading the potential to unlock and promote green finance across the Middle East region. (File photo)
April 3rd, 2017 - 08:50 GMT

National Bank of Abu Dhabi lists region's first-ever green bond on London Stock Exchange

The head of the Tax Authority revealed that actor Adel Emam paid the largest amount of tax for the free professions category at LE3,921,000 ($217,260). (File photo)
April 2nd, 2017 - 06:00 GMT

Against the odds.. Tax returns in Egypt up 40 percent!

The aggregate primary issuance of bonds and sukuk by GCC entities totaled $167.54 billion in 2016, a 41.2 percent increase from the total amount raised in 2015. (File photo)
April 2nd, 2017 - 01:28 GMT

GCC issues 40 percent more bonds, sukuk in 2016: Report

If the new consumption tax is applied then a VAT of between 50 fils and Dh2.75 could be added to the overall amount of remittances from the UAE. (Facebook)
April 2nd, 2017 - 01:15 GMT

Will UAE apply VAT on expat remittances too?

The law allows granting the ID to any GCC residents who have stayed more than six months in the year since their entry date to Bahrain. (Shutterstock)
April 2nd, 2017 - 11:40 GMT

Bahrain to grant IDs to GCC residents in investment push

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