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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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Lebanon consumes $1.3 billion in medicines and drugs annually, but only 7-10 percent of these pharmaceuticals are produced locally. (Shutterstock)
February 19th, 2017 - 09:00 GMT

Lebanon's lawmakers call for reciprocal agreements to boost local pharmaceutical industry

During the event
February 19th, 2017 - 05:59 GMT

Two innovations from Dubai Customs accredited by GII

Among the GCC countries,The UAE was ranked first on the list; Qatar 29th; Bahrain 44th; Kuwait 61st; Saudi Arabia 64th and Oman 82nd.  (Shutterstock)
February 16th, 2017 - 12:30 GMT

UAE makes top ten on global economic freedom index

Small fishing boats in Mirbat, Dhofar, Oman. (Shutterstock/JurateBuiviene)
February 16th, 2017 - 11:30 GMT

Oman's fisheries sector can become a world-class competitive industry: World Bank

There is a consensus among the GCC countries for taking action together in case of a dumping attempt by a foreign company. (Shutterstock)
February 16th, 2017 - 08:30 GMT

Oman spearheads GCC anti-dumping study

The IMF has urged the Lebanese government to look for new alternatives to reduce the mounting public debt.  (File photo)
February 16th, 2017 - 06:52 GMT

Lebanon: Proposal to raise taxes met with opposition

Abdulla Al Khaja receiving the award from Mohammed Sulman in the presence of Edris Behzad and Khalil Saqr
February 15th, 2017 - 09:27 GMT

Dubai Customs receives “Best Service Provider in the Middle East” award from Business News magazine

During the seminar
February 15th, 2017 - 05:57 GMT

Al Mansoori chairs seminar on innovation and future of world economy at World Government Summit

The Cotton Egypt Association estimates that about 90 percent of global supplies of Egyptian cotton last year were fake. (File photo)
February 14th, 2017 - 10:00 GMT

Global clampdown on fake Egyptian cotton injects life in flailing industry

The Iraqi government is seeking to lower its international borrowing costs after the country was badly hit by the slump in oil prices. (Shutterstock)
February 14th, 2017 - 08:00 GMT

Trade Bank of Iraq plans second $1B bond issue

During the event
February 14th, 2017 - 07:01 GMT

Dubai Customs organizes a workshop on national service

The closure of the Nassib border crossing translated into a heavy drop in Lebanese agricultural exports from 533.18 tons in 2014 to 360.76 tons in 2016. (File photo)
February 14th, 2017 - 06:00 GMT

Struggling Lebanese farmers call for more governmental support

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