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

ISBN-13: 9780367732738 / Angielski / Miękka / 2020 / 216 str.

Jean Francois Seznec; Samer Mosis

Opis

This book focuses on the most developed financial markets in the region. It deconstructs each market’s key components and their respective socioeconomic implications. It discusses how these components interact with foreign actors and markets.

Spis treści

1. A Short History of the Financial Markets in the GCC States




The Commercial Banks





The Islamic Banks





The Money Changers





The Bahraini Offshore Market





The Capital Markets





Conclusion












2. The Financial Markets of the United Arab Emirates







Dubai versus Abu Dhabi





The UAE’s Regulatory Environment





Free Trade Zones





The Banking Sector





Sovereign Wealth Funds





SWFs, Power Patronage and Asset Ownership





Conclusion












3. The Financial Markets of Saudi Arabia







SAMA and the Regulatory Environment





The Capital Markets





The State Controlled Financing Companies





The Money Changers





The Commercial Banks





Conclusion












4. The Financial Markets of Bahrain, Qatar, Kuwait and Oman










4.1 The Financial Markets of Bahrain





The Banking Sector





The Capital Markets





Islamic Financial Regulation: A New Niche?





Bahrain’s Unique Natural Resource





Conclusion








4.2 The Financial Markets of Qatar





Qatar’s Energy Markets





Trade and the Embargo





The Banking Sector





The Capital Markets





The Qatar Investment Authority





Conclusion





4.3 The Financial Markets of Kuwait





The National Assembly





The Capital Markets





The Banking Sector





Sovereign Wealth Funds





SWFs in Crises: The KIO and the Gulf War





Conclusion








4.4 The Financial Markets of Oman





Qaboos’s Elite Bargain





A New Challenge





Natural Resources and Diversification





The Banking Sector





The Capital Markets





Conclusion












5. The Gulf States in Global Financial Markets







Phase 1: 1960-1985





Phase 2 1985-Present





2008: Shifting Tones





Lasting Change





Looking East: Energy Investments in Asia and Southeast Asia





Conclusion












6. Case Studies







Introduction





6.1 The Saudi Aramco Privatization





Valuation





Transparency through Privatization





To IPO, But Where?





Conclusion








6.2 Name Lending and the TIBC Bankruptcy





Background





Regulatory, Personality or Practice: Who is At Fault?





Conclusion





Name Lending: A Primer








6.3 Dubai as a Financial Safe Haven





Indian Gold Smuggling





Iranian Trade Links





Conclusion








6.4 Documentary Credits





The Mechanics





Profitability





Conclusion












7. Conclusion

O autorze

Dr. Jean-François Seznec is Senior Fellow, Center for Global Energy at the Atlantic Council, Adjunct Professor at Johns Hopkins School of Advanced International Studies and Managing Director at The Lafayette Group.

Samer Joseph Mosis is a Senior Analyst with S&P Global Platts focusing on commodity markets. He previously was a Consultant for The Lafayette Group and holds a Masters Degree in International Economics from Johns Hopkins School of Advanced International Studies