Emerging Arab Capital Markets

Author : Henry T. Azzam
Publisher : Routledge
Page : 313 pages
File Size : 52,7 Mb
Release : 2013-12-16
Category : Social Science
ISBN : 9781136883811

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Emerging Arab Capital Markets by Henry T. Azzam Pdf

First Published in 1997. Economic adjustment programs that combine macroeconomic stability and structural reforms are being implemented in several Arab countries. Policy-makers also are devoting more attention to improving the operation of domestic capital markets. To invest in this region now would be a far-sighted move by entering at a stage when the process is still under way. This book is one of very few readily available sources of reference on the region's stock and bond markets, presented in a concise and accessible form. It provides investors, policy-makers, analysts, bankers and other market participants with comprehensive information covering the top 10 Arab stock markets of Saudi Arabia, Egypt, Jordan, Kuwait, UAE, Bahrain, Oman, Lebanon, Morocco and Tunisia. For each market, a historical background is given together with structure, listing and trading procedures, performance trends, financial indicators, sectoral analysis and underlying strengths and weaknesses.

Author : Henry T. Azzam
Publisher : AuthorHouse
Page : 250 pages
File Size : 51,8 Mb
Release : 2015-08-28
Category : Business & Economics
ISBN : 9781504932820

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The Emerging Middle East Financial Markets by Henry T. Azzam Pdf

The book aims to unravel the potentials of Middle East financial markets, which are spread over a large and wealthy part of the world. These markets are gradually being opened for international investors seeking diversification and rewarding risk adjusted returns. However, opening up to international investors is a necessary but not a sufficient condition to attract institutional money needed to provide depth and professionalism to these markets. Without a cultural shift towards more transparency, better regulations and governance, and the availability of custody, clearance and equity research, up to international best practice, not much institutional money will be forthcoming to the region. Funding sources in the Middle East and North Africa Region are still predominantly channeled through the banking system, with equity and fixed income markets playing a marginal role. While the world’s financial markets show on average a balanced structure of bank assets, stock market capitalization and debt securities, the capital mix in the region is heavily skewed towards bank assets with a share of 58.8%, equities around 34% and debt securities (bonds and Sukuk) 7.2%. Stock markets of the UAE and Qatar have recently been upgraded to emerging market status, which together with Egypt are the only three Arab countries that have selected listed companies featuring in the Morgan Stanley Capital Index for Emerging Markets (MSCI EM). Saudi Arabia has opened its stock market to direct investment by foreign financial institutions in the second half of 2015. The opening of the Saudi stock market is a major positive development for the region’s capital markets. The path ahead for MENA finance has become now clearer. The relative weight of commercial banks in the financial system will diminish gradually, and a wider range of financial services will be provided by deeper and increasingly more sophisticated debt and equity capital markets, in line with worldwide trends. Sharia compliant products, such as Sukuk, are expected to continue to grow at double-digit rate to meet the strong demand generated regionally and internationally.

Author : Henry T. Azzam
Publisher : Routledge
Page : 298 pages
File Size : 42,5 Mb
Release : 2013-12-16
Category : Social Science
ISBN : 9781136883743

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Emerging Arab Capital Markets by Henry T. Azzam Pdf

First Published in 1997. Economic adjustment programs that combine macroeconomic stability and structural reforms are being implemented in several Arab countries. Policy-makers also are devoting more attention to improving the operation of domestic capital markets. To invest in this region now would be a far-sighted move by entering at a stage when the process is still under way. This book is one of very few readily available sources of reference on the region's stock and bond markets, presented in a concise and accessible form. It provides investors, policy-makers, analysts, bankers and other market participants with comprehensive information covering the top 10 Arab stock markets of Saudi Arabia, Egypt, Jordan, Kuwait, UAE, Bahrain, Oman, Lebanon, Morocco and Tunisia. For each market, a historical background is given together with structure, listing and trading procedures, performance trends, financial indicators, sectoral analysis and underlying strengths and weaknesses.

Author : Lu’ayy Minwer Al-Rimawi
Publisher : Kluwer Law International B.V.
Page : 356 pages
File Size : 40,5 Mb
Release : 2012-02-01
Category : Law
ISBN : 9789041141927

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Raising Capital on Arab Equity Markets by Lu’ayy Minwer Al-Rimawi Pdf

This first book of its kind discusses in particular the role of investor protection as regards disclosure when issuers are offering securities to the public, with full descriptions of the securities markets and stock exchanges in seventeen Arab jurisdictions. In two interrelated parts it examines both the regional macroeconomic matrix and a detailed case study (that of Jordan) in order to analyse the development and characteristics of an Arab regulatory model. Among the important issues and topics arising in the course of the analysis are the following: relevance of international regulatory standards to Arab securities markets; mandatory versus voluntary securities disclosure; the fundamentals of the Islamic financial system, role of riba and gharar, nature and impact of Shari’a’s unquantifiable juridical risks on the modus operandi of Arab securities markets; macroeconomic adjustment policies and structural adjustment programmes in several Arab countries; recent economic and Arab capital markets impact in the wake of the ‘Arab Spring’; extent of different countries’ reliance on Shari’a as a constitutional source; constitutional challenges to the imposition of interest; the need for the positive law to compel securities disclosure under Shari’a; shareholders’ remedies when suing for fraud or negligent misstatements; liability for misleading or inaccurate disclosure (under the general law of the UK and a selected Arab jurisdiction); prospectus liability under the statutory regime of the UK and an Arab regulatory regime; bars to rescission of contract: Comparative UK and Shari'a aspects; and Arab, UK regulatory agencies' enforcement, prosecutorial, administrative and civil remedies. The author closely examines various instruments deployed for conveying securities disclosure and dissemination of information, and looks extensively at relevant rulings as enunciated by an Arab court of cassation. He then constructs a model of an effective securities disclosure regime in order to provide better investor protection for shareholders under Shari’a. 'Among the strengths of Dr Lu’ayy Minwer Al-Rimawi’s book is the fact that at all times he adopts a comparative approach, not only as between different Arab systems, but also with an appreciation of the legal position in the UK and the European Union and elsewhere’ [The Hon. Mr Justice Sir William Blair Q.C., High Court Judge in the UK and Chairman of the Qatar Financial Centre Regulatory Tribunal]. As the first in-depth discussion of the regulation of Arab capital markets in English, with an eye to international standards and the policy issues involved – and with attention focused on the central question of how the law can properly protect investors – this book will commend itself to all those with an interest in securities markets in the Arab world.

Author : Henry T. Azzam
Publisher : Unknown
Page : 38 pages
File Size : 50,7 Mb
Release : 1995
Category : Capital market
ISBN : IND:30000050632698

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Capital Markets in the Arab World by Henry T. Azzam Pdf

Author : Niḍāl Rashīd Ṣabrī
Publisher : Nova Publishers
Page : 192 pages
File Size : 54,8 Mb
Release : 2008
Category : Business & Economics
ISBN : 1604561378

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Financial Markets and Institutions in the Arab Economy by Niḍāl Rashīd Ṣabrī Pdf

This book aims to trace and point out the recent developments occurred in the Arab Economy in the last two decades, including trends toward integration, liberalisation, and globalisation. This book indicates the most recent changes in the Arab Financial Institutions including banks, insurance companies, pension funds and other financial institutions. There is also the discussion of issues in market stability and efficiency in the light of new Arab environment of stock trading. This book is a comprehensive text covering the Arab Financial Sector.

Author : Mr.Saíd El-Naggar
Publisher : International Monetary Fund
Page : 116 pages
File Size : 47,9 Mb
Release : 1994-09-15
Category : Business & Economics
ISBN : 1557754187

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Financial Policies and Capital Markets in Arab Countries by Mr.Saíd El-Naggar Pdf

Recent developments at both the international and national levels - including the globalization of financial markets and the wave of liberalization, deregulation, and privatization- have pushed the issue of financial markets to the forefront of the development agenda. This book, edited by Said El-Naggar, comprises the proceedings of a seminar held in Abu Dhabi in January 1994. It provides a comprehensive analysis of various aspects of capital markets in general and particularly in the Arab countries.

Author : Bogdan Bilaus,Luis Garcia-Feijóo
Publisher : CFA Institute Research Foundation
Page : 166 pages
File Size : 49,8 Mb
Release : 2022-07-15
Category : Business & Economics
ISBN : 9781952927317

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Middle East Capital Markets: Challenges and Opportunities by Bogdan Bilaus,Luis Garcia-Feijóo Pdf

The Middle East economies and their respective capital markets are a unique combination of extremes—from the vibrant, trade-based United Arab Emirates and resource rich Kuwait and Qatar to ones that are currently experiencing challenging times, such as Iraq and Lebanon. This brief covers the history, current characteristics, and challenges and opportunities of 10 capital markets from the Middle East. Each chapter is written by local authors familiar with the corresponding market: Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Author : Mr.Manmohan S. Kumar,Mr.Mohamed A. El-Erian
Publisher : International Monetary Fund
Page : 52 pages
File Size : 54,8 Mb
Release : 1994-09-01
Category : Business & Economics
ISBN : 9781451852660

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Emerging Equity Markets in Middle Eastern Countries by Mr.Manmohan S. Kumar,Mr.Mohamed A. El-Erian Pdf

Within a broad framework for analyzing portfolio capital flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries.

Author : Jarmo T. Kotilaine
Publisher : Taylor & Francis
Page : 359 pages
File Size : 53,8 Mb
Release : 2023-08-16
Category : Business & Economics
ISBN : 9781000921762

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Sustainable Prosperity in the Arab Gulf by Jarmo T. Kotilaine Pdf

Tracing the development journey of the Arabian Gulf region with a forward-looking perspective, this book describes how a combination of good fortune, creative experimentation, and determination has enabled the region to achieve prosperity. Today, the Arabian Gulf is well positioned to assume a pivotal role in the new global order. Forced to balance an extreme climate and acute resource constraints, but also an exceptional location, the region’s progress and prosperity have historically been precarious and vulnerable to external shocks. Efforts to transcend resource dependency have typically involved proactive attempts to enable other economic activities. This book argues that, while conventional economic diversification is making headway, the Gulf region is in fact amidst a far more holistic transformation that positions it for a pivotal role in the emerging multipolar global order. It now offers globally competitive regulations and world-class infrastructure at the heart of the Old World, flanked by two fast-growing continents. It has become the hub of choice for a growing share of inter-continental flows of people, trade, and capital, and has established strong economic ties in all directions. This book shows how, despite many risks and challenges, the region possesses the forward-looking vision and necessary resilience that can finally liberate it from its long-standing "resource curse" and a development paradigm that looks likely to provide the foundation for sustained well-being in the decades ahead. The scope and rigor of the book make it suitable as a reference on the Arabian Gulf and for those interested in global affairs and economic development, as well as policymakers and the business community.

Author : A. S. Abdul Hadi
Publisher : Taylor & Francis
Page : 94 pages
File Size : 54,9 Mb
Release : 2023-05-31
Category : Business & Economics
ISBN : 9781000906745

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Stock Markets of the Arab World by A. S. Abdul Hadi Pdf

First published in 1988, Stock Markets of the Arab World provides a sound description and analysis of the stock market situation in Arab countries and an evaluation of previous attempts at the integration of capital markets. Foreign interest in the oil producing Arab countries has grown due to the accumulation of international reserves. Oil producers are looking for an alternative to their near-term investments in United States Securities through a diversification of their economies. This book argues that these countries could profitably invest these reserves through an integration of their securities markets. It also says that prospects of increased linkages among Arab domestic markets do exist. This is an interesting read for scholars and researchers of Middle East studies, Arab economy and economics in general.

Author : Kamal Naser
Publisher : Emirates Center for Strategic Studies and Research
Page : 9 pages
File Size : 40,5 Mb
Release : 1998-11-18
Category : Antiques & Collectibles
ISBN : 8210379456XXX

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Investment Prospects in a Sample of Arab Stock Exchanges by Kamal Naser Pdf

In the last few years, policy makers in most Arab countries have recognized the role of the private sector in shaping their economies. Furthermore, as long-term economic growth is dependent on the provision of funds to finance domestic capital formation, these countries are undergoing a process of economic reform to diversify their economies and to privatize public assets. As effective privatization programs should be met by well prepared and fully-equipped stock markets, governments in the Arab countries are paying attention to domestic capital markets as a way of enhancing the supply of money. This study assesses the changes in the economic conditions in Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates and the performance of their stock markets over the past eight years.

Author : Kamal H. M. Naser
Publisher : Unknown
Page : 64 pages
File Size : 48,6 Mb
Release : 1998
Category : Arab countries
ISBN : STANFORD:36105073318664

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Investment Prospects in a Sample of Arab Stock Exchanges by Kamal H. M. Naser Pdf

Author : Bader Alkhaldi
Publisher : Kluwer Law International B.V.
Page : 322 pages
File Size : 49,9 Mb
Release : 2016-11-24
Category : Law
ISBN : 9789041183521

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Saudi Capital Market by Bader Alkhaldi Pdf

A thriving capital market, one that not only brings investment funds into a country but also distributes profits in a transparent manner, is essential for any economy, especially a rapidly developing one such as Saudi Arabia. Already a key player on the world stage, the Kingdom is going through a major planned economic transformation and diversification. In particular, a robust and transparent capital market, with a high level of integrity and sound enforcement, is well on the way to fruition. This book is the first in English to analyse and evaluate the roles of economic planning and a capital market in Saudi Arabia’s economic modernization. In the process of examining the level of transparency and fairness in Saudi Arabia’s capital market, the author provides detailed information and analysis of such issues and topics as the following: – market disclosure rules; – insider trading laws; – gaps in enforcement; – dispute resolution; – role of securities agencies; – Saudi Arabia’s position in international organizations; and – repercussions of the 2006 Saudi stock market collapse. The author draws on a wide range of sources in both English and Arabic, and concludes with well-grounded proposals for appropriate judicial, administrative, and enforcement policies. Investors, their management and attorneys, and other advisors with an eye on trade development in the Middle East will derive great benefit from the current and detailed information in this book. Lawyers and policymakers will discover all they need to know about the Saudi capital market, its developing trends, and applicable laws.

Author : Marga Peeters,Nidal Sabri,Wassim Shahin
Publisher : Springer Science & Business Media
Page : 230 pages
File Size : 55,7 Mb
Release : 2013-09-21
Category : Business & Economics
ISBN : 9783642356971

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Financial Integration by Marga Peeters,Nidal Sabri,Wassim Shahin Pdf

The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.