Mena Financial Markets

Author : Henry T. Azzam
Publisher : AuthorHouse
Page : 250 pages
File Size : 46,7 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 : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 50,8 Mb
Release : 2007
Category : Corporations
ISBN : OCLC:1289425014

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MENA Financial Markets by Anonim Pdf

Author : Aktham Maghyereh
Publisher : Unknown
Page : 69 pages
File Size : 45,9 Mb
Release : 2007
Category : Corporations
ISBN : 1846634881

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MENA Financial Markets by Aktham Maghyereh Pdf

Author : Ms.Susan Creane,Mr.Ahmed Mushfiq Mobarak,MissRanda Sab,Rishi Goyal
Publisher : International Monetary Fund
Page : 28 pages
File Size : 41,9 Mb
Release : 2003-09-05
Category : Business & Economics
ISBN : 1589062310

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Financial Development and Growth in the Middle East and North Africa by Ms.Susan Creane,Mr.Ahmed Mushfiq Mobarak,MissRanda Sab,Rishi Goyal Pdf

In this study, the authors assess financial sector development in the MENA regionand propose several policy measures, which include reinforcing the institutional environment and promoting nonbank financial sector development, to enhance this sector’s performance.

Author : Khaled Hussainey,Tamanna Dalwai
Publisher : World Scientific
Page : 452 pages
File Size : 44,7 Mb
Release : 2024-03-19
Category : Business & Economics
ISBN : 9781800614741

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Handbook Of Banking And Finance In The Mena Region by Khaled Hussainey,Tamanna Dalwai Pdf

According to World Bank (2021), the economic recovery post-COVID-19 in the Middle East and North Africa (MENA) has been uneven and tumultuous. Reasons for this include exposure to oil-price fluctuations, the impact of pandemic, public demonstrations, and political instability. Although the MENA region encompasses a variety of countries — wealthy, stable and oil-rich countries such as Saudi Arabia and Qatar as well as less secure countries such as Iraq and Syria — it plays an important role in the global economy.Handbook of Banking and Finance in the MENA Region explores the trends in finance and banking of the MENA region, including theoretical and empirical perspectives from researchers around the globe. The first part of the book explores numerous reforms in the region's banking and finance, including digital technology, financial technology (fintech) and green finance. While financial inclusion in the Gulf Cooperation Council is much higher, the other countries in the MENA region have yet to overcome this trend, and the second part of the book provides specific case studies of ways in which banks have contributed to the region. The final section of the book considers macroeconomic factors and financial development. Together these perspectives enrich the discussion of facts and development challenges in the finance and banking of the MENA region as a whole.

Author : The World Bank
Publisher : World Bank Publications
Page : 370 pages
File Size : 41,6 Mb
Release : 2011-09-21
Category : Business & Economics
ISBN : 9780821388563

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Financial Access and Stability by The World Bank Pdf

The countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth. The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to finance may remain restricted even with a full recovery of credit activity. Therefore, the region s countries face an ambitious reform agenda to revert two decades of relatively poor performance of output and employment growth. Financial development should be a central component of the region s growth agenda. This study reviews the region s financial systems, the severity of the limitations on access to finance, and the main factors behind such limitations. It goes on to provide a road map for expanding access and preserving financial stability.

Author : Abdelghani Echchabi,Rihab Grassa,Welcome Sibanda
Publisher : Springer Nature
Page : 353 pages
File Size : 55,9 Mb
Release : 2022-05-28
Category : Business & Economics
ISBN : 9789811682674

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Contemporary Research in Accounting and Finance by Abdelghani Echchabi,Rihab Grassa,Welcome Sibanda Pdf

The book compiles a comprehensive set of case of studies in business and accounting from the MENA region. These case studies consist of practical research studies with strong theoretical foundations. Hence, the book is a guide to the industries in various sectors regarding the best practices for efficient business and accounting management. In addition, the book will serve as an important teaching reference for business and accounting courses in the MENA region.

Author : David Cobham,Ghassan Dibeh
Publisher : Routledge
Page : 296 pages
File Size : 47,7 Mb
Release : 2010-12-07
Category : Business & Economics
ISBN : 9781136864155

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Money in the Middle East and North Africa by David Cobham,Ghassan Dibeh Pdf

Monetary policy in the Middle East and North African (MENA) countries remains an understudied area; this book fills an important gap by examining monetary policy frameworks and monetary policy strategies in the region. Building on the editors’ earlier book, Monetary Policy and Central Banking in the Middle East and North Africa, which focused on central bank independence issues and on exchange rate regimes, this book emphasises monetary policy strategies. Part I contains an overview of the financial markets and institutions which condition the choice of monetary policy strategy in the countries of the region, followed by single-country studies on aspects of the monetary policy frameworks of Lebanon, Egypt, Jordan, the Palestinian Territory and Turkey. Part II includes analyses of the prospects for inflation targeting in Egypt, Morocco and Tunisia, of the monetary transmission mechanism in the Gulf Cooperation Council countries, of the relative advantages of inflation targeting and exchange rate fixity with reference to Egypt, of the problem of fiscal dominance in Egypt, and of the inflationary implications of exchange rate fixity for Saudi Arabia and Kuwait. The contributors are experts from universities inside and outside the MENA region, from central banks in the region and from outside institutions such as the European Central Bank and the International Monetary Fund.

Author : Wafik Grais,Zeynep Kantur
Publisher : Unknown
Page : 52 pages
File Size : 49,8 Mb
Release : 2003
Category : Financial Services industry
ISBN : UCSD:31822031145683

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The Changing Financial Landscape by Wafik Grais,Zeynep Kantur Pdf

Author : Mr.Hamid R Davoodi,Mr.George T. Abed
Publisher : International Monetary Fund
Page : 44 pages
File Size : 51,6 Mb
Release : 2003-09-05
Category : Business & Economics
ISBN : 1589062299

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Challenges of Growth and Globalization in the Middle East and North Africa by Mr.Hamid R Davoodi,Mr.George T. Abed Pdf

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Author : Joseph Pelzman
Publisher : World Scientific
Page : 534 pages
File Size : 40,5 Mb
Release : 2018-11-29
Category : Business & Economics
ISBN : 9789813203990

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Economics Of The Middle East And North Africa (Mena), The (Second Edition) by Joseph Pelzman Pdf

The Middle East and North Africa (MENA) is a large, complex, and diverse region, which faces a wide range of economic issues. The MENA group includes Algeria, Bahrain, Cyprus, Djibouti, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, Turkey, United Arab Emirates, and Yemen.The purpose of this book is not to provide a country-by-country study, but rather to deal with general economic themes found in Arab MENA and Israel, such as problems associated with growth and structural change; the role of State-intervention in country-specific local markets; labor market imperfections driven by gender bias; technology gaps and endogenous growth; capital market development in a restricted financial model based on religious constraints; savings and investment behaviour in a model of state subsidization and intervention designed to control local development; and the role of the state in constraining private sector activity. Data sources used in this second edition include country-specific data, the World Bank, the United Nations, the International Monetary Fund and the Organisation for Economic Co-operation and Development.The new material in this second edition includes a discussion of the impending and inevitable leadership changes which will occur throughout Arab MENA over the next decades. The evidence to support this evaluation is based on the current lack of transparent markets; the lack of inclusive macro policies, the impact of distortionary micro economic policies across all sectors; and the impact of anti-globalization and xenophobia on innovation. Old chapters are revised with updated data, a discussion of the role of the 'State' and 'Oligarchies' in the economies of most of the MENA countries, an in-depth exploration of the investment in human capital and growth and an identification of the most important binding constraints to economic development in Arab MENA and Israel.This book serves as both a textbook and a summary of the very large literature on MENA. It examines the economic realities of the region and compares them across the MENA economies. It should be stressed that this book is not about the latest political debate on who did what to whom in the Middle East or in North Africa. The focus is on economics, not political economics.

Author : S. Motamen-Samadian
Publisher : Springer
Page : 123 pages
File Size : 54,7 Mb
Release : 2006-04-12
Category : Business & Economics
ISBN : 9780230599338

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Global Stock Markets and Portfolio Management by S. Motamen-Samadian Pdf

This book presents the latest empirical findings on stock markets in a number of emerging markets. The authors employ the latest techniques and provide valuable insights into each market, highlighting global integration, their potential for profitable investments and features that will be influential in global portfolio decision-making.

Author : Sabri Boubaker,Duc Khuong Nguyen
Publisher : World Scientific
Page : 828 pages
File Size : 40,8 Mb
Release : 2019-06-27
Category : Business & Economics
ISBN : 9789813236660

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Handbook Of Global Financial Markets: Transformations, Dependence, And Risk Spillovers by Sabri Boubaker,Duc Khuong Nguyen Pdf

The objective of this handbook is to provide the readers with insights about current dynamics and future potential transformations of global financial markets. We intend to focus on four main areas: Dynamics of Financial Markets; Financial Uncertainty and Volatility; Market Linkages and Spillover Effects; and Extreme Events and Financial Transformations and address the following critical issues, but not limited to: market integration and its implications; crisis risk assessment and contagion effects; financial uncertainty and volatility; role of emerging financial markets in the global economy; role of complex dynamics of economic and financial systems; market linkages, asset valuation and risk management; exchange rate volatility and firm-level exposure; financial effects of economic, political and social risks; link between financial development and economic growth; country risks; and sovereign debt markets.

Author : OECD
Publisher : OECD Publishing
Page : 184 pages
File Size : 44,7 Mb
Release : 2019-04-15
Category : Electronic
ISBN : 9789264392021

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Corporate Governance in MENA Building a Framework for Competitiveness and Growth by OECD Pdf

A strong corporate governance framework is essential for MENA economies as they strive to boost economic growth, strengthen competitiveness and build prosperous societies. The G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises are a reference in order to build such a framework.

Author : Council on Foreign Relations
Publisher : Council on Foreign Relations
Page : 354 pages
File Size : 45,9 Mb
Release : 2011
Category : Political Science
ISBN : 9780876095010

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The New Arab Revolt by Council on Foreign Relations Pdf

"The volume includes seminal pieces from Foreign Affairs, ForeignAffairs.com, and CFR.org. In addition, major public statements by Barack Obama, Hillary Rodham Clinton, Hosni Mubarak, Muammar al-Qaddafi, and others are joined by Egyptian opposition writings and relevant primary source documents."--Page 4 of cover.