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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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Displaced people from the Yarmouk Palestinian refugee camp queuing to receive aid from UNRWA in Yalda, south of the Syrian capital, Damascus in 2015. (AFP/File)
October 31st, 2016 - 07:00 GMT

Kuwait grants $5M to UNRWA for Palestinian refugees in Syria

Any common currency to be announced is expected to be pegged either to the dollar or a basket of currencies because the volume of trade of the Gulf states with the countries of the European Union is much larger than that of their commerce with the United States. (Shutterstock)
October 31st, 2016 - 06:00 GMT

Is it time for a common Gulf currency?

The decline in investments has affected the economic cycle and the Lebanese employment and industrial sectors. (File photo)

 (File photo)
October 30th, 2016 - 11:00 GMT

Political crisis continues to take its toll on Lebanese economy: Minister

With 13 Chinese cities connected to Dubai with over 100 weekly flights, Chinese travellers to Dubai International are growing year on year. (VisionDubai.cn)
October 30th, 2016 - 09:00 GMT

Dubai Week in China concludes with 11 deals signed

As far as companies whose financial year has already ended, it is clear that on their balance sheet date the laws only provide for income tax at 12 per cent. (Shutterstock)
October 30th, 2016 - 07:00 GMT

Oman's companies seek clarity on corporate income tax

Saudi Arabia was highlighted for its declining performance with its gender gap widening across the economic participation and opportunity subindex, especially relating to earned income. (Shutterstock)
October 27th, 2016 - 12:49 GMT

Gender equality: GCC economies among worst performing in overall index

The central bank governor's visit to Asia highlights Iran's efforts to get over a raft of banking problems which have hampered the country's trade normalization with the world.  (File photo)
October 27th, 2016 - 11:00 GMT

Iran continues charm offensive to woo Asian investors

Mohammed Ali Rashid Lootah, CEO of CCCP
October 26th, 2016 - 09:10 GMT

DED launches region’s first ‘Consumer Empowerment Index’

The underwriting applications for the bonds reached around $4 billion, or 400 per cent of the issuance value.(Shutterstock)
October 26th, 2016 - 08:00 GMT

Jordan's billion-dollar Eurobond issue garners mixed reactions

During the clean-up campaign
October 26th, 2016 - 05:23 GMT

Dubai Customs launches Creek clean-up drive

The drop in oil prices has caused challenges in managing the fiscal position of the country. (Shutterstock)
October 25th, 2016 - 09:00 GMT

Oman to seek $10B in international bonds to meet budget deficit

US Secretary of State John Kerry meets with Saudi Foreign Minister Adel al-Jubeir in London on January 14, 2016. (AFP/File)
October 25th, 2016 - 07:00 GMT

US eyes private sector investments as part of Saudi's National Transformation Program

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