• ‘Emphasis grows on market protection over free trade’

    "We believe that enhancing competitiveness and ensuring that the nations offering the best products and services come out on top is more crucial than those offering the largest subsidies," he says, adding that from an economic standpoint, it is widely recognized that subsidies do not lead to the desired economic...
  • ‘WTO champions global trade stability, prosperity’

    "It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services" around the world," he adds as the conference celebrates the accessions of the Comoros and Timor-Leste, both classified as least-developed countries.
  • Strains emerge in 72-year-old Türkiye-Israel trade ties

    Amid Ankara's criticism of Israel's actions against Gaza and Israel reassessing diplomatic relations, the future of their oil and steel economic partnership becomes uncertain.
  • Global trade at a crossroads as Gaza conflict intensifies

    With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of international supply chains.
  • ‘UAE committed to global sustainability, job creation’

    “As we continue to witness an ever-changing pace of development and technological advancement, regulating employment and improving human resources’ skills have become increasingly imperative to our policies. In the UAE, we have ensured gig and platform workers are granted a similar level of coverage as their co-workers in traditional sectors,"...
  • China exports fall in October, first decline since 2020

    The slowdown in trade comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession. Sporadic Covid-19 lockdowns have also hurt consumer enthusiasm and business confidence in the world's second-largest economy.
  • Digital currency can speed up global payments: CBUAE

    The CBUAE has in a study found that central bank digital currencies can substantially improve international trade payments.
  • Dubai Chambers reform aims to raise annual foreign trade to $540 billion

    The emirate’s annual trade stood at $320 billion in 2020 Foreign trade focus likely on high-growth markets like Latin America, Asia Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum recently approved a new structure of the board of the Dubai Chambers to, among other things, raise the annual foreign trade...