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The Emerging Middle East Financial Markets

The Emerging Middle East Financial Markets PDF

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Author: Henry T. Azzam
Publisher: AuthorHouse
ISBN: 150493282X
Size: 49.59 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : un
Pages : 250
View: 6137

Book Description: 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.


Emerging Arab Capital Markets

Emerging Arab Capital Markets PDF

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Author: Azzam
Publisher: Routledge
ISBN: 1136883746
Size: 16.99 MB
Format: PDF, Docs
Category : Social Science
Languages : un
Pages : 256
View: 3901

Book Description: First Published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.


The Housing Cycle In Emerging Middle Eastern Economies And Its Macroeconomic Policy Implications

The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications PDF

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Author: Samya Beidas-Strom
Publisher: International Monetary Fund
ISBN: 1451874332
Size: 40.43 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 29
View: 1319

Book Description: This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a downward price correction occurred in the housing market after 2007, which appears to have bottomed out; (iii) the rental market appears to be largely determined by region-specific economic fundamentals-a youthful working-age population and wealth variables; and (iv) a segregation between self-owned house and rental price dynamics exists in this region, rendering the former more sensitive to the business cycle.


Emerging Stock Markets In Europe The Middle East And Asia

Emerging Stock Markets in Europe  the Middle East  and Asia PDF

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Author: Man Ching Ko
Publisher:
ISBN:
Size: 15.20 MB
Format: PDF, Docs
Category : International finance
Languages : un
Pages : 170
View: 3881

Book Description: The purpose of this research is to evaluate the performance of the emerging stock markets in three regions. The regions chosen as our testing targets are Europe, The Middle East, and Asia. Performance for 2002 to 2004 will be compared to the U.S. stock market.


The Middle East

The Middle East PDF

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Author:
Publisher:
ISBN:
Size: 74.48 MB
Format: PDF, Mobi
Category : Middle East
Languages : en
Pages :
View: 7704

Book Description:


The Emerging Arab Capital Markets

The Emerging Arab Capital Markets PDF

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Author: Henry T. Azzam
Publisher: Routledge
ISBN:
Size: 56.41 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 283
View: 3102

Book Description: "The Emerging Arab Capital Markets" assesses the role of the Middle East in the changing world of global finance and considers investment opportunities in this largely untapped region of the world. The book covers broad issues of Arab stocks and bonds, such as the trend toward privatization in the region and the management of capital flows to the Middle East, and provides a vision for the challenge and promise ahead at the end of the 1990s.