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HSBC forecasts growth in MENA trade volumes

UK lender HSBC has said trade volumes in the Middle East and North Africa (Mena) are expected to grow by nearly 85% by 2025, The National has reported. Trade activity will expand by $1trn every year or an annual average of 2% until 2015, according to the HSBC Trade Connections report. UAE trade will more than double, rising 126% to US$414bn (Dhs1.52trn) during the period, the report said.