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

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel

EU prepares retaliation for Trump’s tariffs

The European Commission is assembling a fresh round of counter-tariffs aimed at US goods, adding to two existing lists of potential targets—one of which includes products that were hit by suspended tariffs

US, EU slam China’s war games near Taiwan

US President Donald Trump underscored the need to maintain peace in the Taiwan Strait, advocating for a diplomatic approach to cross-strait tensions while warning against the use of force The United States

£13.9 billion of R&D fund to boost innovation, jobs

Funding outlined to support transformational R&D in areas like life sciences, green energy, engineering and beyond More UK innovators like those developing treatment-transforming dementia tests or building world-leading testing facilities to power

OPEC+ accelerates oil output hikes

Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions. Eight OPEC+ nations have unexpectedly decided to accelerate their oil
Go toTop

Don't Miss

UPS and DP World charge e-vehicles using Expo solar power grid

From the x-ray machine to the telephone, throughout history world

BIE lauds UAE leadership for Expo 2020

Expo 2020 Dubai became a beacon of unity and hope,