Latest economy news from the UAE, Gulf region and MENA in one place.
We cover market trends, government policies, trade, inflation, and financial updates. Stay informed on the economic landscape in the region. Whether you’re a business owner, investor, or professional, our updates help you understand economic changes and opportunities.
We provide reliable, clear, and fast news to keep you ahead. Track GDP growth, investments, and economic developments that impact businesses and individuals.
UPPERNEWS is your trusted source for everything happening in the UAE and Gulf economy. Stay ahead with the latest updates!
Category: Economy
The United Arab Emirates and Mexico are working closely to boost trade and investment, aiming to create stronger partnerships between their business communities. During an official visit to Mexico City, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, held discussions with top Mexican officials, including Juan Ramon de Lafuente, Minister...
Dubai is cementing its position as a global leader in the digital economy, offering diverse opportunities and advantages for businesses, startups, and innovators. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the emirate’s unique strengths during a fireside chat at the 1 Billion Followers Summit, organized by the UAE Government Media Office....
Qatar has announced two ambitious plans to strengthen its non-oil economy and secure $100bn in foreign direct investment (FDI) by 2030. The strategies, reported by the state-run Qatar News Agency, are part of the Qatar National Vision 2030 framework and aim to promote sustainable growth while increasing the private sector’s contribution to the nation’s GDP....
The UAE and Brazil have taken a significant step in their partnership by signing a Memorandum of Understanding (MoU) focused on mineral exploration, energy, and mining cooperation. The agreement was finalized during a meeting between His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Brazil’s Minister of Mines...
The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a Federal Decree appointing new leadership for the UAE Aid Agency. According to the official announcement by WAM, H.E. Dr. Tareq Ahmed Mohamed Al Ameri has been named Chairman, while H.E. Sultan Mohamed Saeed Al Shamsi will serve as Vice Chairman. Dr....
ADNOC Gas has announced the awarding of three major contracts worth $2.1 billion (approximately AED 8 billion) to strengthen its liquefied natural gas (LNG) supply infrastructure. These contracts will establish key facilities to support the Ruwais LNG Project, which aims to double ADNOC Gas’ LNG production capacity. The contracts include a $1.24 billion deal for...
Abu Dhabi’s Al Qou’a Dairy Products Plant, run by the Zayed Higher Organisation for People of Determination (ZHO), has achieved a significant milestone by producing 276,420 kilograms of labneh since its launch in September 2023. This facility is the first of its kind in the region to be fully operated by People of Determination. The...
The UAE and Portugal have taken steps to strengthen their partnership in safeguarding public resources. Humaid Obaid Abushibs, Chairman of the UAE Accountability Authority (UAEAA), recently wrapped up an official visit to Lisbon, where he held discussions with Portuguese officials on enhancing oversight and promoting integrity. During the visit, Abushibs met key figures, including Filipa...
The global liquefied natural gas (LNG) shipping market is heading for tighter capacity by the end of 2027, with older vessels set to retire and demand for fuel supplies growing. This reduction in capacity is expected to push up freight rates, according to Nicholas Gleeson, Chief Financial Officer of Adnoc Logistics and Services (Adnoc L&S),...
Dubai’s private school sector has recorded a 6% rise in student enrolments for the 2024-25 academic year, bringing the total to 387,441 students across 227 institutions. According to the Knowledge and Human Development Authority (KHDA), this growth reflects the emirate’s thriving education landscape. Ten new private schools opened during this academic year, aligning with Dubai’s...