January 24, 2025
1 min read

UAE’s TradeTech Push Takes Centre Stage in Davos 

UAE accelerates the future of trade with AI, blockchain, and IoT, fostering innovation and inclusivity in global commerce…reports Asian Lite News

At the 2025 World Economic Forum in Davos, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, showcased the UAE’s pioneering role in transforming global trade systems. During a panel discussion on “Hacking Trade and Investment,” Al Zeyoudi highlighted the nation’s vision of leveraging cutting-edge technologies like AI, blockchain, and IoT to enhance trade efficiency, sustainability, and inclusivity. 

Announcing the release of the second edition of the TradeTech Report, Al Zeyoudi revealed how advanced technologies are driving significant changes in global trade. The report, a key element of the UAE’s TradeTech initiative launched in collaboration with the World Economic Forum and the Abu Dhabi Department of Economic Development (ADDED), underscores AI’s potential to boost global trade by up to 13.6% by 2040. 

The Minister emphasised the UAE’s commitment to creating a smarter, more resilient global trading ecosystem. He highlighted real-world applications of AI, robotics, and IoT in the UAE’s trade operations, citing their role in addressing challenges and enhancing transparency in global supply chains. Al Zeyoudi also shared updates on the TradeTech Accelerator, which has already onboarded 15 startups, and the TradeTech Sandbox, an initiative designed to test and refine emerging technologies in collaboration with regulators. 

In his closing remarks, Al Zeyoudi stressed the importance of global cooperation and interoperability in maximising the potential of AI in trade, warning against risks like “AI divergence” that could fragment global trade systems. He called for continued investment in workforce development and digital infrastructure to ensure the benefits of AI are widely shared. 

ALSO READ: Solar energy booms in UAE with key projects 

Previous Story

Sharjah Literature Festival concludes inaugural edition V

Next Story

Abu Dhabi – Dubai In 30 Minutes 

Latest from -Top News

India emerges as a global humanitarian powerhouse

India’s steady evolution into a global humanitarian leader reflects a fusion of compassion, strategy, and capability — a quiet revolution redefining power through empathy and decisive action. India’s foreign policy has undergone

Poverty returns to haunt Bangladesh

There is no surprise that the rise in poverty in Bangladesh coincides with the political turmoil it is facing. Since the inception of the interim government’s regime, Dhaka has faced a multitude

King and Pope Make History

The service at Vatican offered the King and Queen some calm amid scrutiny over Prince Andrew during their Vatican visit…reports Asian Lite News King Charles and Pope Leo made history in the
Go toTop

Don't Miss

Shehbaz Sharif discusses ties with UAE envoy

Pakistan Prime Minister Shehbaz Sharif has received Hamad Obaid Ibrahim

Noura Al Kaabi meets US Congress delegation  

Noura Al Kaabi shared insights about how the UAE’s focus