HSBC forecasts huge growth in trade volumes - The National

Trade volumes in the Middle East and North Africa (Mena) will grow by nearly 85 per cent by 2025, as the region outstrips the performance of global markets, according to HSBC.

UAE trade will more than double, rising 126 per cent to US$414 billion (Dh1.52 trillion) during the period, the bank predicts.

The forecast reinforces "our view that the long-term case for superior returns in the Mena region remains," said Tim Reid, HSBC's head of commercial banking for the Mena region.

* username: rupertbu