The PeninsulaDoha: HSBC has ambitious plans for growth in its business in the Middle East, North Africa and Turkey (MENAT), where a rebound in GDP and international trade will position the region as one of the fastest growing in the world over the coming decade. As the nine markets in which the bank operates in the region bounce back from the impact of the COVID-19 pandemic, HSBC expects economic growth and international trade in MENAT to outpace the global average and create a raft of new opportunities across the bank’s customer spectrum. “HSBC has ambitious plans for growth in MENAT, which is positioned to be one of the fastest growing regions of the world over the coming decade,” Martin Tricaud, HSBC Group CEO for MENAT and Deputy Chairman of HSBC Bank Middle East Ltd, said. Trade growth could follow a similar path. Abdul Hakeem Mostafawi, CEO in Qatar said: “We are experiencing a sense of optimism for growth in Qatar.

Source: The North Africa Journal January 17, 2021 02:48 UTC