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,...
Author: UPPERNEWS TEAM (UPPERNEWS TEAM)
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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...
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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...
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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....
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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...
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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...
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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...
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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,...
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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...
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India’s New Passenger Data Rule to Affect UAE Travelers
Starting April 1, 2025, airlines operating international flights to and from India, including those from the UAE, will need to share detailed passenger information with Indian Customs. This new rule, issued by the Central Board of Indirect Taxes and Customs (CBIC), aims to enhance border security and strengthen risk analysis. Under the ‘Passenger Name Record...