The Arab world’s second-largest economy is right in the middle of the world, a central hub of the south-south corridor that routes a lot of businesses and trade down to the south, Abdulla bin Touq told a panel discussion at the World Economic Forum in Davos on Thursday. The UAE can play a vital role in south-south geo-economics as part of the expanded bloc of Brics countries, boosting trade and building bridges among nations, its Minister of Economy has said. The Arab world’s second-largest economy is right in the middle of the world, a central hub of the south-south corridor that routes a lot of businesses and trade down to the south, Abdulla bin Touq told a panel discussion at the World Economic Forum in Davos on Thursday. I think that's something where the UAE can play a role … in the engagement on the global level when it comes to Brics,” Mr bin Touq said. This engagement brings a lot of investment as well.” Although the world is facing fragmentation and heightened economic uncertainties, the UAE’s move to accept the Brics’ invitation to join the bloc is driven by geo-economic consideration and not geopolitical drivers, he said. “Brics is not a political kind of stance, and neither we are in a cold war environment to [decide whether to] join or not to join,” he said. (ICE DUBAI)

Fonte notizia: www.thenationalnews.com/business/economy/2024/01/18/uae-can-play-vital-role-in-brics-south-south-geo