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.

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UPPERNEWS is your trusted source for everything happening in the UAE and Gulf economy. Stay ahead with the latest updates!

Category: Economy
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31.12.202431.12.2024Economy, Workforce

UAE Salaries in 2025: Modest Increases and Rising Competition

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Salaries in the UAE are projected to see minimal growth in 2025, with increases expected to remain in the low single digits or stagnant, according to recruitment consultants. Experts attribute this trend to the continued influx of skilled expatriates and already high salary levels in the region. Trefor Murphy, CEO of recruitment firm Cooper Fitch,...

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29.12.202429.12.2024Business, Economy

UAE to Lead GCC with Strongest Economic Growth in 2025

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The UAE is set to retain its position as the fastest-growing economy in the GCC in 2025, with a projected growth rate of 6.7%, according to KPMG’s latest CEO Outlook report. As reported by Khaleej Times, this marks a significant rise from the 3.8% growth expected this year. The growth is being driven by the...

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28.12.202428.12.2024Economy

UAE Trade Set to Close 2024 at AED 3 Trillion

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The UAE is set to end 2024 with a record-breaking AED 3 trillion in non-oil foreign trade, according to recent figures. This milestone reflects the country’s effective trade strategies and ambitious economic policies aimed at achieving its “We the Emirates 2031” vision. According to Al Khaleej, in the first half of 2024 alone, the UAE...

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28.12.202428.12.2024Economy

Gulf Nations Adapt Strategy to Attract Multinationals Amid Tax Changes

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Gulf countries are rethinking their approach to attracting multinational companies as they prepare to adopt a global minimum corporate tax of 15 percent by January 2025. Historically known for their tax-free environment, these nations are now offering targeted incentives to stay competitive and lure investments. The UAE, which introduced a 9% corporate tax last year,...