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
ASB Capital, a newly established asset management firm, has officially commenced operations in the Dubai International Financial Centre (DIFC) with an impressive $4.5 billion in assets under management (AUM). Licensed by the Dubai Financial Services Authority (DFSA), the firm plans to provide a range of wealth and asset management solutions, which include offerings in public...
Maestral, a shipbuilding joint venture based in Abu Dhabi between Fincantieri and EDGE, has secured a significant contract for an ‘In-Service Support Strategic Partnership Project’ aimed at enhancing the entire fleet of the United Arab Emirates (UAE) Navy. This contract is valued at over $520 million and will be implemented over a five-year period. The...
The UAE Cabinet has recently issued Decision No. (3) of 2025, which confirms the filing thresholds for the new merger control regime that will take effect on 31 March 2025. This decision provides essential clarity to the framework established in December 2023, and stakeholders anticipate that further details will emerge with the publication of the...
The United Arab Emirates has signed 13 significant deals valued at Dh3.97 billion during the International Defence Exhibition (IDEX). Among these, nine local contracts amounted to Dh3.8 billion, while four international agreements totaled Dh143.4 million Notable local agreements include a contract worth Dh1.8 billion with Calidus Land Systems for the purchase of Multitasking MATV 4...
The food and beverage sector in the UAE is witnessing notable growth fueled by innovation and a focus on consumer preferences. Industry leaders have outlined a roadmap for future development, emphasizing the importance of adapting to changing market demands. Megat Iskandar, the Trade Commissioner of Malaysia to the UAE, mentioned that Malaysia is concentrating on...
The Qatar Financial Centre (QFC) has announced a significant reduction in its application fee for licensing entities, slashing it from USD 5,000 to just USD 500. This new fee structure applies to all applicants aiming to conduct non-regulated activities within the QFC, with the exception of Single Family Offices. This decision is part of QFC’s...
On Monday, President His Highness Sheikh Mohamed bin Zayed Al Nahyan of the UAE and President Volodymyr Zelenskyy of Ukraine witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) between their countries. This agreement aims to create new opportunities for trade, investment, and economic collaboration. His Highness emphasized the importance of this agreement in...
Abu Dhabi National Hotels announced a remarkable net profit of AED 1.33 billion for the year 2024, marking a significant increase of 216% from the previous year’s profit of AED 422.51 million, according to the company’s income statements. This growth reflects the company’s successful strategies and operations over the past year. The revenue from contracts...
Mubadala Investment Company, based in Abu Dhabi, has announced its agreement to acquire a minority stake in Apleona, a prominent European provider of integrated facility management located in Neu-Isenburg, Germany. This investment is made in partnership with a consortium led by Bain Capital’s Private Equity team in Europe, aiming to support Apleona’s growth and establish...
The Abu Dhabi Department of Economic Development (ADDED), in partnership with The Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi), has announced a new resolution for the establishment and licensing of endowment institutions in Abu Dhabi. This resolution marks a significant advancement in enhancing endowment structures and supports the sustainability of family-owned businesses while...