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UAE businesses confident of international trade growth despite tariff woes - News Directory 3

UAE businesses confident of international trade growth despite tariff woes

June 6, 2025 Catherine Williams Business
News Context
At a glance
  • A recent HSBC survey indicates that businesses ⁣in the United Arab ‍Emirates remain optimistic about international trade prospects.
  • Despite global ⁤economic uncertainty and⁢ rising costs from⁣ tariffs, UAE firms are proactively implementing enhanced planning strategies⁣ and digital ⁢solutions.
  • The HSBC ⁤survey, which gathered ⁢insights from over 5,700 international firms across‍ 13 markets, reveals that two-thirds of corporations worldwide have already experienced cost increases ⁣due to⁣ tariff...
Original source: arabianbusiness.com

UAE businesses are notably confident in international trade growth, with 94% anticipating expansion despite global headwinds, according too a recent HSBC survey. Firms are proactively navigating uncertainty by using data and investing‍ in supply chains to bolster their competitive edge. Although most businesses expect cost increases due to tariffs, they recognize avenues for opportunity within a dynamic trade habitat. Notably, regional trade ties with the Middle East, China, and Europe are increasing. News Directory 3 sources ‍this report,emphasizing that‍ UAE companies are well-prepared for the rapidly changing trade⁤ landscape,using strategies such as data analysis to adapt. Discover what’s next for international trade and how UAE ‍businesses plan to leverage these trends.

Key Points

  • UAE businesses show high confidence in international trade growth.
  • Firms are⁤ using data adn investing in⁣ supply chains ‍to navigate uncertainty.
  • Most anticipate cost increases due to tariffs but see opportunities.
  • Regional trade ties within the middle⁣ East, China, and⁤ Europe are increasing.

UAE Businesses Confident in International Trade Growth Despite Global headwinds

⁢ updated June 6, 2025

A recent HSBC survey indicates that businesses ⁣in the United Arab ‍Emirates remain optimistic about international trade prospects. According ⁤to the 2025⁤ Global Trade Pulse‍ Survey, 94% of UAE companies anticipate growth in cross-border trade in the near future.

Despite global ⁤economic uncertainty and⁢ rising costs from⁣ tariffs, UAE firms are proactively implementing enhanced planning strategies⁣ and digital ⁢solutions. These measures aim ⁤to maintain a competitive edge in the evolving trade landscape.

The HSBC ⁤survey, which gathered ⁢insights from over 5,700 international firms across‍ 13 markets, reveals that two-thirds of corporations worldwide have already experienced cost increases ⁣due to⁣ tariff and trade uncertainty. The⁤ survey⁣ suggests these⁢ challenges may intensify.

In contrast, UAE companies express significant optimism ⁤regarding their future⁢ international trade prospects. While they anticipate cost impacts in both the short and long term, they have not yet ⁤experienced the pronounced effects felt by many ⁢global counterparts.

Deyana Cherneva, head of Global Trade ⁢Solutions, Middle East North Africa and Türkiye, ⁤HSBC Bank Middle East, said that UAE corporations ⁣have strategies ready to⁤ respond to the⁤ rapidly evolving trade ⁤landscape. She ‍added that their plans include using data, ⁢investing in supply chains, and increasing ‍reliance on the Middle East, China, and ‍europe corridors.

cherneva also noted that ⁤geopolitical and ⁤geoeconomic shifts⁤ have ⁢been a ⁤mainstay across decades, and resilient businesses know how to adapt and⁢ respond. she said that it is encouraging to see that 75% ⁣of corporations in the UAE plan to use the trade uncertainty as an possibility to evolve and explore new opportunities.

What’s next

The UAE’s focus⁢ on regional trade and⁣ strategic planning positions ⁤it for continued growth in the international market. Businesses are expected to continue leveraging data and technology⁤ to navigate challenges and capitalize on emerging opportunities⁢ in key ⁢markets.

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