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 UAE has been identified as the most diversified economy in the Gulf Cooperation Council (GCC) region, according to the recently released Global Economic Diversification Index (EDI) 2025. The Mohammed Bin Rashid School of Government (MBRSG) presented this report during a panel discussion at the 2025 World Governments Summit, which focuses on “Shaping Future Governments.”...
During the World State Conference-2025, the UAE and Sri Lanka signed a promotional and mutual investment security agreement aimed at strengthening their economic and investment relationships. The agreement was officially signed by the UAE Minister of State Mohammad Bin Hadi Al Hussaini and Sri Lanka’s Minister of Foreign Affairs Vijitha Herath. This bilateral agreement establishes...
The UAE is set to unveil a specialized zone focused on Chemical, Biological, Radiological, Nuclear, and Explosive (CBRNE) threats during the upcoming International Defence Exhibition and Conference (IDEX) 2025. This initiative represents the world’s first dedicated CBRNE hub to be featured at a defence exhibition, emphasizing the UAE’s commitment to enhancing safety and security in...
The Arab Parliament is working on modern legislation to speed up digital transformation across Arab countries, with particular attention to artificial intelligence (AI) and its governance. Mohammed bin Ahmed Al Yamahi, Speaker of the Arab Parliament, during the World Government Summit 2025 (WGS) as reported by WAM. Al Yamahi explained that the parliament aims to...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with Professor Klaus Schwab, Executive Chairman of the World Economic Forum, on the opening day of the World Governments Summit 2025. The summit, running from February 11 to 13 under the theme “Shaping Future...
Dubai Customs has successfully intercepted a shipment containing 1.2 tonnes of psychoactive substances at the emirate’s air cargo terminal. The operation, carried out by the Ports, Customs, and Free Zone Corporation, showcased the alertness and dedication of customs inspectors in preventing illegal trafficking. By using advanced technologies and meticulous inspection methods, the team identified the...
Dubai Electricity and Water Authority (DEWA) has announced its record-breaking financial results for 2024, reporting an annual revenue of AED 30.98 billion and an EBITDA of AED 15.70 billion. Net profit after tax stood at AED 7.24 billion. The quarterly results for Q4 2024 also reflected strong performance, with revenues reaching AED 7.45 billion and...
The second Cities in Action Forum, held at Expo City Dubai, has concluded, setting the stage for the 2025 Asia Pacific Cities Summit (2025APCS) & Mayors’ Forum. The event, scheduled for October 2025, will be hosted in the Middle East for the first time. The forum brought together over 500 experts, investors, and policymakers to...
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, announced that negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan are set to be completed by the end of 2025. In his statement to the Emirates News Agency (WAM), Dr. Thani Al Zeyoudi emphasized that the terms...
Abu Dhabi’s judicial system has undergone a significant transformation, with court cases now being resolved in just 40 days instead of the years they previously took. This change has been made possible by the implementation of smart technology and strict procedural deadlines enforced by the Abu Dhabi Judicial Department (ADJD). Lawyers in the capital have...