Latest business news from the UAE and Gulf region all in one place.
We cover markets, economy, startups, investments, and key industry trends.
Stay updated on what’s shaping the business world. Whether you’re an investor, entrepreneur, or professional, our news keeps you ahead.
We bring you reliable, fast, and clear updates so you never miss important developments. Explore opportunities, track market movements, and stay informed about the latest business trends in the UAE.
UPPERNEWS is your go-to source for everything happening in the world of business and economy.
Category: Business
The Sharjah Chamber of Commerce and Industry (SCCI) has launched the “Business Impact” Podcast, announced during the Sharjah Real Estate Exhibition “ACRES 2025.” The event took place from January 22 to 25 and was organized in collaboration with the Sharjah Real Estate Registration Department (SRERD). This podcast aims to emphasize Sharjah’s significance as a strategic...
The e-commerce market in the UAE is experiencing significant growth, with revenue projected to increase at a rate of 8.39 percent from $33.97 billion (Dh125 billion) in 2025 to $46.88 billion (Dh172 billion) by 2029. This growth trend is highlighted in a report by Statista.com, a global online market intelligence provider. As consumers continue to...
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has been recognized as the top investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). The firm led the MENA market in equity capital market (ECM) activities, successfully completing 11 Initial Public...
H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, held a meeting with Andrew R. Jassy, the President and CEO of Amazon, on January 28, 2025. The discussion focused on ways to strengthen cooperation and enhance the strategic partnership between Abu...
The International Free Zone Authority (IFZA) has entered into a strategic partnership with RAKBANK, aiming to enhance business and financial solutions for its partners. This collaboration is designed to provide a comprehensive range of tailored banking services for entrepreneurs and businesses operating under IFZA, which is in line with their mutual goal of fostering business...
AMMROC, a leading name in military maintenance, repair, and overhaul (MRO) solutions in the Gulf region, has partnered with UK-based aerospace engineering company Marshall. Both companies recently signed a Memorandum of Understanding (MoU) to explore ways to expand their market reach and improve their service capabilities. The partnership will focus on combining AMMROC’s advanced MRO...
During 13th International Pharmacy and Medicine Conference (ICPM 2025), Sharjah has announced the establishment of three new pharmaceutical factories, which will collectively require an investment exceeding $84 million (AED308.7 million). These agreements were signed during the conference, held at the Sharjah Research, Technology, and Innovation Park. The new facilities will complement an existing pharmaceutical plant...
The Federal Tax Authority (FTA) in the UAE has announced that corporations failing to pay their due corporate tax will incur a monthly penalty of 14 percent per annum. This penalty is applied to the unpaid tax amount and begins accruing from the day after the payment deadline. Each month following the deadline, the penalty...
The UAE’s corporate tax system is now in full effect, and some businesses have already filed their first tax returns, marking a significant milestone since the country introduced the tax in June 2023. Companies licensed in June 2023, whose financial year ended by February 29, 2024, had until December 31, 2024, to submit their returns...
H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, the Chairperson of the Dubai Culture and Arts Authority, convened a meeting with Daren Tang, the Director-General of the World Intellectual Property Organisation (WIPO), during the 55th Annual Meeting of the World Economic Forum (WEF) in Davos on January 24, 2025. The primary focus of their...