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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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The Facilitation Agreement is one of the most important agreements of the multilateral trade system of the WTO and the first to be added after 18 years of the establishment of WTO. (Flickr)
June 16th, 2016 - 07:30 GMT

Saudi Arabia becomes second Arab country to ratify WTO Trade Facilitation Agreement

Commerzbank declined to comment on the Der Semit's account due to data protection and bank secrecy laws.  (Opednews.com)
June 15th, 2016 - 12:00 GMT

Germany's Commerzbank shuts anti-BDS account in landmark move

The development plan approved in December 2015 plan would increase funding for housing, education, employment of Arab women, infrastructure, welfare services and public transport in Arab localities. (AFP/File)
June 15th, 2016 - 10:00 GMT

Israel downplays delay in $645M Arab budget allocation

Investment-friendly government policies and overall ease of doing business has made the US more attractive to global sovereign investors, says an industry expert. (File photo)
June 15th, 2016 - 08:00 GMT

Middle East sovereigns remain bullish over US investments

The threat to local retailers might turn into an opportunity if these companies restructured their balance sheets and concentrated on niche markets, one economist says. (Mall of Arabia)
June 15th, 2016 - 07:00 GMT

Saudi Arabia: Law permitting 100 percent foreign investment in retail will boost sector

US Secretary of State John Kerry (L) greets Saudi Deputy Crown Prince Mohammed bin Salman outside Kerry's residence prior to their meeting on June 13, 2016, in Washington, DC. (AFP/Molly Riley)
June 14th, 2016 - 09:00 GMT

Saudi Deputy Crown Prince gets down to business in the US

Sheikh Maktoum and Charles Bolden spoke about scientific issues and efforts to harness space technology for peaceful and non-politicised purposes to serve all humanity. (WAM)
June 14th, 2016 - 08:00 GMT

NASA delegation talks Mars missions on UAE visit

The Eurofighter Typhoon is popular with the Royal Air Force of Oman, Kuwait and Saudi Arabia. (Wikimedia Commons)
June 14th, 2016 - 05:31 GMT

Saudi, UAE top defense spending in a record-breaking year

The six member GCC bloc has been debating a common value added tax, which is a tax levied on the import and supply of goods and services at each production and distribution stage, for over a decade. (File photo)
June 12th, 2016 - 11:00 GMT

VAT in GCC: Challenges ahead of 2018 implementation

Oman is against introducing income tax for expats due to pressures such as the recent removal of fuel subsidies, a factor that has added to inflation, and the introduction of VAT . (Shutterstock)
June 12th, 2016 - 09:00 GMT

Expats' income in Oman will remain tax-free: Ministry of Manpower

Ahmed Mahboob Musabih, Director of Dubai Customs
June 12th, 2016 - 08:06 GMT

Innovative services drive Dubai Customs to the top of ‘Happiness Index’

Omar Bushahab, CEO of Business Registration & Licensing (BRL) sector in DED
June 12th, 2016 - 05:38 GMT

DED adds 8 new business activities under commercial licenses to meet market needs

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