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 International Monetary Fund (IMF) has disbursed $834 million to Jordan in two tranches to aid the country’s economic initiatives. This funding includes an immediate access of $134 million following the completion of the third review of Jordan’s External Fund Facility (EFF), which supports Amman’s economic program. Additionally, the IMF approved an extra $700 million...
JAGGAER has unveiled its latest innovation, JAI, an intelligent human-guided AI orchestrator designed to revolutionize enterprise procurement. Officially introduced in Dubai, United Arab Emirates, on June 25, 2025, JAI promises to enhance supply chain management by offering advanced guidance and navigation, positioning itself as not just an assistant but a valuable partner for procurement teams....
Tawasul Transport, in partnership with Al Maryah Community Bank (Mbank), has introduced the first digital payment system for taxis in Abu Dhabi, utilizing AE Coin, a stablecoin linked to the UAE dirham. This initiative represents a global first, as it deploys a government-regulated stable digital currency specifically for public transport fares. The launch was executed...
Fitch Ratings has affirmed the United Arab Emirates’ long-term foreign-currency issuer default rating at AA- with a stable outlook. Earlier this week, the agency also confirmed Abu Dhabi’s rating at AA, maintaining a stable outlook for the emirate as well. The AA- rating is reflective of the UAE’s moderate consolidated government debt, strong net external...
The Michelin Guide is officially coming to Saudi Arabia, marking a significant addition to the renowned culinary publication. The inaugural list of recommended restaurants will primarily highlight the cities of Riyadh and Jeddah, although it may also feature dining establishments in other areas of the kingdom, such as Khobar and Alula. The unique aspect of...
Saudi Arabia is making significant strides in the gaming industry, particularly with Steer Studios, a company under the Savvy Games Group investment arm established in 2022. The nation is set to host the Esports World Cup next month, which is the largest gaming tournament globally, boasting an impressive prize pool of $70 million. This event...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, celebrated the 25th anniversary of The Executive Office of His Highness Sheikh Mohammed. The ceremony was attended by His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, and highlighted...
UAE-based cybersecurity experts are calling on companies to enhance their password security in light of a recent global breach that exposed over 16 billion login credentials. This alarming discovery included usernames and passwords from major tech companies such as Apple, Google, Facebook, Telegram, GitHub, and some government websites. Researchers from Cybernews reported these findings as...
Ten climate tech start-ups have presented innovative circular economy solutions at the Launchpad’s showcase event, which was hosted in partnership with the UAE Ministry of Economy by the UAE Independent Climate Change Accelerators (UICCA). This event marked the latest Circular Economy Cycle aimed at promoting sustainable practices. The UICCA Launchpad is designed to accelerate the...
Dubai’s international business district, DMCC, announced on Tuesday its partnership with AQUA-INDEX to launch the world’s first digital asset token that is directly backed by fresh water resources. This initiative aims to transform how water is traded, valued, and managed on a global scale. The token, which is the first of its kind, will be...