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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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Al Qamzi launches Drive-through Initiative
November 8th, 2016 - 09:35 GMT

DED and TAAJEEL launch ‘Drive-through’ service to boost customer happiness

During the current session, the ministers will honor outstanding companies and institutions in the field of localizing and nationalizing jobs in GCC and the leading projects in fields of social work. (Shutterstock)
November 8th, 2016 - 09:00 GMT

GCC ministers mull establishment of regional body for charitable works

According to Globaleye VP Stefan Terry, this US election is really affecting investments, probably more than any other election. (AFP/Molly Riley)
November 7th, 2016 - 01:00 GMT

What would a Trump presidency mean for the UAE dirham?

The UAE's confectionary sector is also anticipated to grow with total chocolate and sweets sales growing by 6.2 percent CAGR by 2020. (Sweets.news)
November 7th, 2016 - 06:06 GMT

UAE's food sales market expected to hit $16.7B by 2020

Revenues from corporate income tax have seen a remarkable increase in Oman. (Shutterstock)
November 6th, 2016 - 09:00 GMT

Oman gears up for tax system amendments

Jafza Head office
November 6th, 2016 - 08:16 GMT

Jafza participates in ADIPEC to attract more Oil & Gas companies into the Free Zone

Eng Saed Al Awadi & Brad Hariharan sign MoU
November 6th, 2016 - 08:08 GMT

DED pledges support to GCC manufacturing excellence summit

Saudi's growth of purchasing activity eased to a four-month low in October, but remained faster than that seen for output and new work. (File photo)
November 6th, 2016 - 08:00 GMT

Saudi Arabia: Latest austerity measures impact non-oil private sector growth

So far, the UAE has signed 103 agreements on avoidance of double taxation on income. (Shutterstock)
November 6th, 2016 - 06:00 GMT

UAE, Argentina ink deal to avoid double taxation

The government announced in 2014 adopting a strategy to cut fuel subsidies that already eats up 20 percent of the state budget. (File photo)
November 6th, 2016 - 05:11 GMT

Egypt hikes fuel prices up to 47 percent

There are concerns Iraq will be unable to meet the 2018 target with the country currently paying for an expensive military campaign against Daesh and low oil prices hitting government coffers. (AFP/Pascal Guyot)
November 3rd, 2016 - 09:00 GMT

Kuwait ready to negotiate with Iraq over $4.6B Gulf War compensation

One of the challenges facing the new government is the reduction of the fiscal deficit. (AFP/File)
November 3rd, 2016 - 08:00 GMT

Lebanon's quick formation of national unity government will improve market sentiment: IIF

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