Sharjah Entrepreneurship Festival 2025 (SEF) has unveiled an exciting opportunity for startups with the launch of the “Startup Showcase” competition. The initiative aims to back innovative ideas and promising projects, offering cash prizes of up to AED 200,000 for standout ventures. Additionally, selected participants could secure funding of up to AED 500,000 from investors and...
Author: UPPERNEWS TEAM (UPPERNEWS TEAM)
Post
Mobile Apps Handle 25% of Small Financial Transfers in the UAE
Mobile applications now account for 25% of small financial transfers in the UAE, a significant increase from 16% in 2023, according to Mohammed Al Ansari, Chairman of the Emirates Exchange and Remittance Group. Speaking to Emarat Al Youm, Al Ansari highlighted the growing popularity of app-based transfers, particularly for amounts of 1,000 dirhams or less,...
Post
Oman Restarts Copper Exports After 30 Years to Boost Economic Diversification
Oman has resumed exporting copper after a 30-year pause, a move seen as a significant step in its broader economic diversification strategy. This week, Minerals Development Oman (MDO) announced the first shipment of copper concentrates from the Lasail Mine in the Wilayat of Sohar. Once a dormant industry, copper mining is now part of the...
Post
UAE Job Market Booms with Growing Demand for AI and Skilled Professionals
The UAE has strengthened its position as a global hub for professionals, offering diverse opportunities across multiple sectors. This growth is fueled by the nation’s robust economy and its investment-friendly policies, making it a magnet for talent worldwide. Experts highlight the UAE’s advanced infrastructure, its focus on digital transformation, and its commitment to sustainability as...
Post
Emirates Launches Its First Airbus A350 on Commercial Flights
Emirates celebrated a major achievement on Friday as its first Airbus A350 officially began commercial operations. The inaugural flight took off from Dubai and landed in Edinburgh, opening a new chapter for the airline. This is just the beginning for Emirates’ fleet of A350s, with 65 such aircraft set to join in the coming years....
Post
Burj Khalifa at 15: What It Costs to Rent or Own in the Iconic Tower
The Burj Khalifa, an iconic symbol of Dubai, marks its 15th anniversary, and its property market remains one of the most sought after in the city. According to a report by Khaleej Times, property prices in the world’s tallest building are 78.5% higher than the Dubai-wide average, standing at Dh3,000 per square foot compared to...
Post
One-Stop Solution: Access All UAE Government Services at EGSH in Dubai
Managing essential government-related tasks, like renewing trade licenses, applying for work permits, or updating residency permits, can often mean visiting multiple offices. But in Dubai, the Emirates Government Services Hub (EGSH) offers a simpler solution by bringing all these services together in one location. Launched in 2024 and owned by Sheikh Mohammed Bin Maktoum Bin...
Post
Saudi Arabia Shortlists 33 Firms for Major Battery Energy Storage Projects
Saudi Arabia has taken a major step in advancing its renewable energy goals by prequalifying 33 companies for its first batch of large-scale battery energy storage system (BESS) projects. The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, announced the list of selected firms on December 30, 2024. These projects, known as the...
Post
ACWA Power Secures $692 Million for Egyptian Wind Power Project
Saudi Arabia’s ACWA Power has successfully secured $692 million in funding for a major wind power project in Egypt. The funds will be used to develop, build, and operate a 1,100 MW wind power plant in Suez, marking a significant boost for renewable energy in the region. The financing was provided by several international institutions,...
Post
UAE Cabinet Outlines 2024 Achievements and Sets Ambitious Goals for 2025
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, held its first meeting of 2025 at Qasr Al Watan in Abu Dhabi. The session reviewed the country’s remarkable achievements in 2024 and outlined ambitious plans for the year ahead. His Highness Sheikh Mohammed...