UAE ‘surpassing Hong Kong’, challenging Singapore for global trade crown

The United Arab Emirates is rapidly eclipsing Hong Kong and emerging as a credible rival to Singapore as Asia’s most dynamic trading hub, thanks to an ambitious post-pandemic campaign of economic diplomacy. Defying global headwinds from war and instability across its own region, the UAE’s non-oil trade almost doubled between 2021 and 2025 to reach 3.8 trillion dirhams (US$1.03 trillion), Prime Minister Mohammed bin Rashid al-Maktoum announced on January 31. That surge – powered by an aggressive...

By Tom Hussain