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Capital Market Trends in the Gulf Cooperation Council Countries Oct 02 Product Image

Capital Market Trends in the Gulf Cooperation Council Countries Oct 02

  • ID: 1810713
  • October 2002
  • Standard & Poors

FEATURED COMPANIES

  • Bahrain (Kingdom of)
  • BankMuscat S.A.O.G.
  • Kuwait (State of)
  • Oman (Sultanate of)
  • Qatar (State of)
  • MORE

Abstract
The governments of the Gulf Cooperation Council (GCC) countries--the Kingdom of Bahrain, the State of Kuwait, the Sultanate of Oman, the State of Qatar, the Kingdom of Saudi Arabia, and the United Arab Emirates (UAE) (see table)--have embarked on capital market reforms, but with varying degrees of conviction and vigor. This reflected the different initial conditions in each of the six GCC economies, and the differing interpretations and enforcement of the principles of Islamic law ("sharia") that relate to finance. Developments in Saudi Arabia have been relatively slow. By contrast, the government of Dubai has moved with characteristic speed, unveiling the Dubai International Finance Centre on Feb. 16, 2002, while Bahrain announced the establishment of an International Islamic Financial Market...

Companies mentioned in this report are:
- Gulf International Bank B.S.C.
- National Bank of Kuwait S.A.K.
- Oman (Sultanate of)
- The National Commercial Bank
- Qatar (State of)
- Emirates Bank International PJSC
- Kuwait (State of)
- BankMuscat S.A.O.G.
- Bahrain (Kingdom of)

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Note: Product cover images may vary from those shown

- Gulf International Bank B.S.C.
- National Bank of Kuwait S.A.K.
- Oman (Sultanate of)
- The National Commercial Bank
- Qatar (State of)
- Emirates Bank International PJSC
- Kuwait (State of)
- BankMuscat S.A.O.G.
- Bahrain (Kingdom of)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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