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MENA Trade & Supply Chain: Holding fast in the Middle East
21 April 2010
Supply chains in the MENA region held fast while many broke down around it during the global financial crisis. Sam McManus explores the strengths, weaknesses and trends that define the region and why SMEs must beware the ‘bullwhip effect’.
Read more:
Dubai World
MENA trade finance
Gulf trade supply chain
North Africa trade finance
UAE trade
Saudi Arabia trade finance
Gulf recovery
The Middle East North Africa (MENA) region’s trade finance activities suffered less than nearly every other part of the world during the credit crisis. Dubai is the notable exception, yet the announcement of the restructuring of the state holding company Dubai World’s debt has brought about many a sigh of relief from investors and reflects the general air of confidence within trade in the region.
Kersi Patel, regional head of trade and supply chain Middle East at HSBC, notes that the HSBC Trade Confidence Index shows UAE traders as amongst the most optimistic in the world. This is partly due to the improved and more stable oil prices, which enables higher government spending, creating a positive chain reaction across the regional economies.
Dubai, the third largest re-export hub after Singa pore and Hong Kong, has in no way witnessed a return to the frenetic growth witnessed...
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