A single European market: implications for banking and finance in the Gulf

Article Abstract:

The planned establishment of a monetary union and single currency in Europe is expected to affect the banking and finance sectors of the Gulf region. Europe's monetary integration, which will culminate on January 1, 1999, will mean higher cost of euro-funding for Gulf banking institutions. Gulf banks with branches in Europe are also expected to incur higher expenditures with regards to securing interbank deposits since these branches will be provided with equal country risk profile as their head offices.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Europe, Banks (Finance), Economic policy, Monetary unions, Banking law

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The Gulf in a changing global financial world

Article Abstract:

The dynamic structure of global finance, particularly the stock and currency crisis that is plaguing Southeast Asia, has not adversely affected the Gulf region. In fact, the Gulf stock markets jumped during the third quarter of 1997. Furthermore, the Gulf currencies held on versus the dollar whereas the Southeast Asian currencies suffered losses between 20% and 40% of their values.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Economic development, Southeast Asia, International finance

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WTO and the globalization of Middle East enterprises

Article Abstract:

Middle East companies need to immediately cope with a completely new business environment, immersed in liberalization, globalization and consolidation of markets for goods, services and capital. The accelerated phase of communications and the influence of the World Trade Organization are making it hard to safeguard the local markets from outside competition.

Middle East, World Trade Organization

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