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Banking and Finance in the Arab Middle East by Rodney Wilson (auth.) is a nonfiction available to read on EtoBox.

What is Banking and Finance in the Arab Middle East about?

Commercial banking is expanding more rapidly in the Middle East than in any other area of the world, but the increasing complexity of regional finance perplexes many, not least bankers themselves. This book explains how Arab banking has evolved since the mid-nineteenth century and traces the development of many key institutions such as Bank Misr and the Arab Bank. The historical dimension helps put later changes in perspective, such as the nationalisation measures of the Nasser era in Egypt and elsewhere, as well as the efforts to establish effective central banks. Recent developments discussed include the rise of Islamic banking, and the significance of Koranic teaching on usury for banking practice. The role of regional financial centres is assessed, including the rise and demise of Beirut, the current importance of Bahrain as an offshore money market centre, and Kuwait as an investment centre. Not only is the penetration of the Western banks in the Middle East examined, but also the increasing impact of Arab banks in international financial markets, including London. This is the first published book to consider the role of the Euro-Arab joint venture banks in recycling petro-cur

Who reads Banking and Finance in the Arab Middle East?

Author

Rodney Wilson (auth.)

Publisher

Palgrave Macmillan UK

Published

1983

Language

EN

ISBN

9781349048175

Category

nonfiction

Subjects

Business, Economics, Finance