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
UAE stocks experienced a notable surge driven by optimism surrounding potential trade talks between the US and China. This positive sentiment led to gains in the markets of both Dubai and Abu Dhabi. The renewed discussions between the US and China have positively impacted global markets, with the UAE showing similar trends. Dubai’s main index...
The International Monetary Fund (IMF) forecasts that Abu Dhabi’s economy will grow by 4.2% in 2025, with further acceleration to 5.8% expected in 2026. Meanwhile, Dubai’s economy is projected to expand by 3.3% in 2025, increasing slightly to 3.5% in 2026. Jihad Azour, the Director of the Middle East and Central Asia Department at the...
Saudi Arabia’s economy experienced a growth of 2.7% year-on-year in the first quarter of 2025, according to preliminary estimates released by the government’s statistical authority. This growth was bolstered by increased activities in the non-oil sector as the kingdom continues its efforts to diversify its economy away from oil and gas reliance. The flash estimates...
The United Arab Emirates (UAE) and Egypt are expected to reap significant benefits from the recent reordering of the global trade framework led by the United States, according to Ebru Pakcan, the CEO of Citigroup Mena. This insight indicates a favorable outlook for these two countries compared to others in the Mena region. Credit: Reuters...
The Sharjah Executive Council (SEC) has announced new regulations for media activities in the emirate of Sharjah. This decision was made during a meeting on Tuesday, chaired by Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, the Deputy Ruler of Sharjah and Vice Chairman of the Council. The meeting took place at the Sharjah Ruler’s...
The United Arab Emirates has announced that it will waive late registration fees associated with the corporate tax law. This decision is aimed at easing the financial burden on companies as they navigate the new tax regulations. To qualify for the waiver, companies must file their tax returns within seven months from the conclusion of...
The Sharjah Livestock Market (SLM) recently hosted a delegation from the Abu Dhabi Municipality’s Animal Welfare Department. This visit was part of ongoing efforts to improve collaboration and share expertise among government bodies in the UAE. The delegation aimed to review best practices and operational procedures related to the sale and slaughter of animals, emphasizing...
Saudi Arabia’s foreign direct investment (FDI) inflows have dropped for the third consecutive year in 2024, indicating ongoing challenges in attracting foreign investors. The kingdom saw a year-on-year decline of 19%, bringing total inflows down to $20.7 billion, marking the lowest level since 2020. This information comes from an annual government report that monitors the...
Saudi Arabia’s Vision 2030 initiative has made significant strides, achieving 93 percent of its key performance indicators either fully or partially since its launch nine years ago, as reported in the latest official assessment. This assessment demonstrates the effectiveness of the program, which focuses on diversifying the economy, empowering citizens, and creating an appealing environment...
As global trade faces fragmentation due to geopolitical tensions, the European Union (EU) is actively seeking dependable economic partners. In this context, Brussels and Abu Dhabi have initiated discussions to deepen their trade ties, aiming to foster mutual economic benefits and stability. The agreement, unveiled during a recent meeting, marks a significant step for both...