Author: UPPERNEWS TEAM (UPPERNEWS TEAM)

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31.12.202431.12.2024Economy

UAE Celebrates Major Achievements, Looks Ahead to 2025

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The UAE has made remarkable strides over the past year, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Reflecting on these accomplishments, Sheikh Mohammed expressed pride in the nation’s progress and shared his optimistic outlook for 2025. In a post on...

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31.12.202431.12.2024Finance

Sohar International Secures $336 Million in Rights Issue

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Sohar International, a leading bank in Oman, has successfully raised 130 million Omani rials ($336.7 million) through its latest rights issue. This marks the largest rights issue on the Muscat Stock Exchange (MSX) in 2024. Launched in November, the offering attracted strong interest from government entities, private institutions, family offices, and individual investors. The bank...

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31.12.202431.12.2024Economy, Workforce

UAE Salaries in 2025: Modest Increases and Rising Competition

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Salaries in the UAE are projected to see minimal growth in 2025, with increases expected to remain in the low single digits or stagnant, according to recruitment consultants. Experts attribute this trend to the continued influx of skilled expatriates and already high salary levels in the region. Trefor Murphy, CEO of recruitment firm Cooper Fitch,...

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31.12.202431.12.2024Real Estate

Dubai to Launch Smart Rental Index in 2025

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Starting January 2025, Dubai Land Department (DLD) will roll out a Smart Rental Index aimed at transforming the emirate’s real estate sector. This initiative highlights Dubai’s focus on technology and innovation to foster trust, transparency, and confidence among landlords, tenants, and investors. The Smart Rental Index will rely on advanced technology and accurate, real-time data...

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31.12.202431.12.2024Business

UAE and Italy Strengthen Strategic Partnership in Key Talks

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H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Deputy Prime Minister and Minister of Foreign Affairs, recently spoke with Antonio Tajani, Italy’s Minister of Foreign Affairs, over the phone. The discussion focused on the strong friendship and strategic partnership between the UAE and Italy. Both ministers explored ways to deepen cooperation in various fields. They...

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31.12.202431.12.2024Business, Government support

UAE’s Big Steps Towards Clean Energy, Housing, and Infrastructure

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The UAE has made remarkable progress in clean energy, housing, and infrastructure sectors, according to the Ministry of Energy and Infrastructure (MoEI). The country’s commitment to sustainable development and innovation is driving these advancements, as highlighted by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, in an update shared by Gulf Today. In the...

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29.12.202429.12.2024Workforce

Dubai Confirms January 1st as Public Holiday for Government Employees

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The Dubai Government Human Resources (DGHR) Department has officially announced that January 1, 2025, will be a public holiday for government departments in Dubai to celebrate New Year’s Day. Work is scheduled to resume on January 2, 2025, as usual. However, not all employees will have the day off. Departments and institutions that operate on...

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29.12.202429.12.2024Business, Economy

UAE to Lead GCC with Strongest Economic Growth in 2025

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The UAE is set to retain its position as the fastest-growing economy in the GCC in 2025, with a projected growth rate of 6.7%, according to KPMG’s latest CEO Outlook report. As reported by Khaleej Times, this marks a significant rise from the 3.8% growth expected this year. The growth is being driven by the...