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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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Some importers are not happy with the deal, saying the rate of the dollar that they will have to pay their credit lines with is still too high for them to afford. (File photo)
February 22nd, 2017 - 07:00 GMT

Egypt's Central Bank settles with investors over pre-flotation credit lines

The first two days of IDEX have led to an increasing number of deals with national and international companies alike. (Armyrecognition.com)
February 21st, 2017 - 10:30 GMT

IDEX 2017: Over $3B in arms deals made in first two days

Fahad Al Gergawi, CEO of Dubai FDI
February 21st, 2017 - 10:20 GMT

Tesla and Dubai FDI co-operate to accelerate market adoption of electric vehicles

EmiratesGBC
February 21st, 2017 - 10:07 GMT

AkzoNobel joins Emirates Green Building Council with an aim to turn the skylines green

Although the additional levies are already being charged on air freight and shipments, these are yet to be introduced on imports made via road. (Shutterstock)
February 21st, 2017 - 09:30 GMT

Oman: Higher customs levies to raise cost of imported goods

Saudi Arabia was the world's second-largest arms importer in the period 2012 to 2016, with an increase of 212 percent compared with 2007-2011. (File photo)
February 21st, 2017 - 08:30 GMT

Arms imports rise by 245 percent to Qatar, 212 percent to Saudi Arabia: SIPRI

Many candidates in the country’s November elections ran on an anti-austerity ticket after the previous parliament was dissolved due to disputes with the government over the fuel price increase. (Shutterstock)
February 20th, 2017 - 01:00 GMT

Kuwait's lawmakers move to overturn fuel and utility price increases

The Chamber is planning to strengthen its international presence in 2017 with the opening of representative offices in India and Brazil.  (Shutterstock/Philip Lange)
February 20th, 2017 - 12:00 GMT

Dubai unveils five-year strategy to boost competitiveness in private sector

Wider fiscal reforms such as subsidy reductions, fee increases, etc for 2017 announced so far have been substantially less than in early 2016.  (Shutterstock)
February 20th, 2017 - 09:00 GMT

GCC fiscal reform proves a tricky balancing act with economic growth

Economic associations warn that any increase in taxes will lead to economic slowdown and to heavy recession due to the crises that hit the country in the past five years. (Shutterstock)
February 20th, 2017 - 08:00 GMT

Tax hikes will have negative effect on growth and investments: Lebanese economic associations

Dubai Customs
February 20th, 2017 - 04:40 GMT

GCC’s inaugural ‘Cargo and Personnel Screening Conference’ starts today

In 2016, Brazilian exports to the countries of the GCC – Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman – totalled $6.04 billion, and the imports were $2.66 billion. (Shutterstock)
February 19th, 2017 - 11:00 GMT

Gulfood 2017: GCC meat consumption to rise by 4.3 million tons by 2019

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