Expanding foreign trade between Dubai and Latin America: a Q&A with His Excellency Hamad Buamim, President & CEO, Dubai Chambers

Dubai Chambers recently signed a memorandum of understanding (MoU) with the Chamber of Commerce and Services of Uruguay, as part of its efforts to explore promising markets across Latin America and identify trade and investment opportunities that offer potential to its members. In this Q&A, His Excellency Hamad Buamim, President & CEO, Dubai Chambers, highlights the Dubai Chambers’ interest in a trade partnership with Uruguay in the areas of agriculture and clean and renewable energy generation – two priority areas for Dubai and the UAE in the context of the need to ensure the country’s food security and guarantee the fulfillment of the UAE Net Zero 2050 strategy. His Excellency Hamad Buamim also brings up the forthcoming Global Business Forum […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]