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3 August, 2022

Dubai ranked #5 Globally on Centre improvement index

Dubai has been ranked the top shipping centre in the Arab world and the fifth best globally this year, making it the only Middle East city on the top 10 list.

Singapore retained its rank as the top international maritime hub for the ninth consecutive year in 2022, according to the Xinhua-Baltic International Shipping Centre Development (ISCD) Index. The top five international shipping centres in 2022 are Singapore, London, Shanghai, Hong Kong and Dubai.

The index provides an independent ranking of the performance of the world’s largest cities that offer port and shipping business services. stats

The value of global trade rose by almost 15% to a record $7.7 trillion in the first quarter of 2022, an increase of about $1tn compared with the same period last year, according to the UN Conference on Trade and Development (Unctad).

The trade value was about $250 million more than the fourth quarter of 2021, the UN body said in its Global Trade Update report.


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Source : The National News

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