Seznec, Jean Francois

The Financial Markets of the Arab Gulf: Power, Politics and Money

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ISBN 13:
9780367732738
author:
Seznec, Jean Francois
format:
Paperback / softback
publisher:
Routledge
language:
English
Publication Year:
2020
Pages:
216
Dimensions:
22.9 x 15.2 x 1.5 centimeters (0
Genre:
Business, General, Business,
Condition:
New
Availability:
Item usually sent within 10 working days
£46.69

Description

The Financial Markets of the Arab Gulf presents a detailed analysis of the banks, stock markets, investment companies, and sovereign wealth funds that have grown from oil wealth in the Arabian Peninsula. Over the last fifty years, these financial institutions have evolved significantly, with vast increases in income from oil and natural gas driving their growth. This book evaluates the development of key institutions such as the Abu Dhabi Investment Authority, the Saudi Arabian Monetary Authority, and the National Bank of Kuwait, providing a critical snapshot of the current form and function of the Gulf's financial markets. The author argues that these markets have been controlled by state institutions for socio-political reasons, with each country using its unique approach to establish modern markets and drive industrialization and diversification. The book provides valuable insights into the growth and development of the financial markets in the Arab Gulf region, shedding light on the complex relationships between politics, money, and economic development.

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