UAE ranks among best global commodity trading hubs

UAE ranks among best global commodity trading hubs

UAE - Mubasher: The UAE has been placed among the best three global commodity trading hubs, according to the Dubai Multi Commodities Centre's (DMCC) third edition of the Future of Trade 2020 report.

The report evaluated the role of ten key trading hubs within global trade by analysing 10 indicators across three main areas, comprising locational and trading partners, commodity endowments, and institutional factors, according to a press release on Tuesday.

The report referred that the US topped the 2020 index with 61% in the overall score, driven by high scores in the institutional and commodity endowments factors. 

The UAE is only 1% point behind the US although its overall score has increased to 60% from 57% in 2018.