Saudi Arabia, the biggest Arab economy, reported the world’s biggest increase in confidence among trading partners, helped by exchange rates and response to government regulations, the HSBC Trade Confidence Index shows.
The kingdom jumped to second place on the index, which comprises six-month views of 6,390 exporters, importers and traders in 21 markets, according to an e-mailed report today.
Trader confidence in the United Arab Emirates slipped slightly, while the Middle East and North Africa as a whole maintained the highest regional average of those surveyed, the report said.
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