UAE and China Enhance Trade, Eyeing De-Dollarization

December 26th, 2023
The UAE is collaborating with China to boost global trade influence, focusing on transactions in Chinese yuan. This move aligns with the BRICS bloc's de-dollarization strategy, challenging Western economic dominance. The UAE's potential BRICS membership alongside Saudi Arabia, Iran, Egypt, and Ethiopia could further bolster this shift, as both nations eye greater roles in Africa and the Pacific Islands.
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