Middle East, Africa's finance market reaches USD 39.7bn in 2009.

By bne IntelliNews April 22, 2010
The Middle East and Africa 's finance market reached some USD 39.7bn in 2009, daily Al Ektisadiya said in a report. The figure puts the market in the third place internationally after Western Europe and Asia . The paper added that the six GCC countries contributed by almost USD 15bn of the total sum despite the many cancellations that took place in the region's real estate sector last year as a result of the global financial crisis. The main projects that received large finance loans from financial institutions in the region included petrochemicals, steel industries, aluminium plants in addition to large infrastructure projects and industrial cities.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335