MENA trade volume to surge by 84.7% by 2025 - HSBC.

By bne IntelliNews October 13, 2011
Middle East and North Africa (MENA) trade volume is forecast to grow by 84.7% by 2025, higher than the world trade average of 73%, HSBC said in a report. Intra-MENA trade is projected to grow to 13.43% of the regions trade in 2025, from 11.3% currently. The bank forecasts global trade to expand by 2% y/y until 2015. Saudi Arabias trade volume is expected to grow by 26.4% over the next 12 months compared to minus 1.36% in 2010, while the UAEs trade volume is expected to surge by 126% to USD 414bn. Trade volume in Egypt will soar by 270% by 2025 to USD 201.83bn. The HSBC Trade Confidence Index, a survey of international traders globally, finds that despite a drop in global trade confidence, 84% of respondents expect either an increase in international trade, or consistent levels of international business activity, over the next six months. Businesses in Saudi Arabia, Egypt, the UAE and Indonesia are the most optimistic about the immediate future.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss