The international plane maker Boeing said in a report it expected air traffic in the Middle East region to surge by 287% to reach an annual growth average of 7.1% over the next 20 years. The figure is higher than the expected average growth of global air traffic estimated at 5.3%, the report added. Boeing noted that high demand in the region will push companies to require around 2,340 new airplanes in the region by the year 2029. |
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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 (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
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