Small businesses across the UAE are increasingly adopting digital payment apps to cater to customers who don’t carry cash, moving away from traditional cash transactions. These apps have emerged as a practical alternative to costly point-of-sale (POS) machines, which require significant investment, recurring fees, and business qualifications that many small vendors cannot meet. Entrepreneurs like...
Author: UPPERNEWS TEAM (UPPERNEWS TEAM)
Dubai’s Economic Content Creators Programme Explores Global Trends and Storytelling
The second week of the Economic Content Creators Programme, organised by the Dubai Press Club with support from the Ministry of Economy, focused on enhancing the skills of digital storytellers in the economic field. Participants took part in various workshops and expert-led sessions aimed at simplifying complex data and crafting engaging narratives. Accoriding to DPC,...
DEWA Unveils Roadmap to Integrate Generative AI Across Operations
Dubai Electricity and Water Authority (DEWA) has announced a detailed plan to incorporate generative artificial intelligence (AI) in its operations, using Microsoft Copilot to enhance services and boost efficiency. The announcement was made during a meeting led by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, alongside senior management members, as the organization...
Oil Prices in 2025 Predicted to Stay Around $70 Amid Supply Increase and Policy Shifts
Oil prices are expected to average between $70 and $75 per barrel in 2025, down from $80 in 2024, as analysts foresee a global supply surplus and slowing demand from major economies like China. According to The National, the International Energy Agency (IEA) predicts a significant oversupply of up to 1.4 million barrels per day...
ADGM Cuts Commercial Licence Fees by Over 50%
Abu Dhabi Global Market (ADGM) has introduced major reductions in commercial licence fees for non-financial and retail businesses starting 1st January 2025. The move is designed to make ADGM’s jurisdiction, which includes Al Maryah and Al Reem Islands, more attractive for businesses and entrepreneurs. Under the revised fee structure, non-financial businesses will see initial registration...
EmiratesGBC and GGGI Join Hands for Greener Cities in the UAE
The Emirates Green Building Council (EmiratesGBC) and the Global Green Growth Institute (GGGI) have signed an agreement to work together on advancing sustainable and green urban development in the UAE. The Memorandum of Understanding (MoU), reported by WAM, focuses on promoting climate-resilient cities and accelerating efforts toward the UAE’s Net Zero by 2050 commitments. The...
Dubai Real Estate Market Hits Record Sales in 2024, Growth Expected in 2025
Dubai’s real estate market reached new heights in 2024, achieving record-breaking sales and transactions. According to data from the Dubai Land Department, the total sales value rose to AED 517 billion by December 27, 2024, compared to AED 401 billion in 2023. The CEO of W Capital, Walid Al Zarooni, highlighted the impressive growth, noting...
The Intelligent Age: How New Technologies Are Reshaping the World
The year 2024 witnessed a surge in technological advancements, with generative AI becoming a hot topic across industries such as retail, healthcare, logistics, and energy. According to Mirek Dusek, managing director at the World Economic Forum (WEF), humanity is now entering the “intelligent age,” marked by the rapid growth of technologies like artificial intelligence, quantum...
Sharjah Launches New Financing Program to Boost Industrial Projects
Sharjah is stepping up its efforts to support entrepreneurs in the industrial sector. Ruwad, the Sharjah SME program, has unveiled a new industrial financing initiative that offers loans of up to Dhs800,000. The program also includes flexible payment plans and grace periods to help new businesses thrive. Hamad Ali Abdullah Al Mahmoud, Chairman of Sharjah...
ECAE Achieves Record Growth and Strengthens UAE’s Education Sector
The Emirates College for Advanced Education (ECAE) has reported significant milestones in 2024, including a 131% increase in student enrolment for the 2024–2025 academic year. This surge effectively doubled its student body, highlighting growing interest in its educational programs. The college also achieved a 100% employment rate for its graduates, showcasing the success of its...