We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Saudi Arabia's Oil Impact on World Economy - Research Paper Example

Comments (0)
Introduction Saudi Arabia is one of the largest oil producers in the world and according to Vitalis, (2007), the country has the second largest oil reserves globally. Oil accounts the largest source of the global energy demand and hence the economic importance of Saudi Arabian oil is tremendous…
Download full paper
Saudi Arabias Oil Impact on World Economy
Read TextPreview

Extract of sample
Saudi Arabia's Oil Impact on World Economy

Download file to see previous pages... The establishment of Saudi Arabia Historically, the development of the oil industry in Saudi Arabia has been closely associated with the political events that led to the establishment of the state. Most oil exporting countries in developing world historically entrusted their mining operations to national companies, mainly because of lack of adequate capacity to embark on the process and Saudi Arabia is not an exception. The building of Saudi Arabia state differs from other neighboring states in the region such as Iraq and Turkey. According to Huyette (1985), Saudi Arabia is a relatively new state founded in 1932 following the merger of Hejaz and Nejd kingdoms. Islam, one of the major religions in the world originated from Saudi Arabia in the early 7th century (David and Johns, 1982). One of the most distinguishing characteristics of the country is its homogenous Arab population, which has enabled development of an indigenous political system that has ruled the country for many years without significant foreign influence. According to Huyette (1985), Arabs originated from Saudi Arabia and historically, the Ottoman Empire was the only foreign influence in the country. Although most of the current Saudi Arabian territory was under the Ottoman Empire, its influence in the country remained minimal especially in the interior. ...
The poor control of the Saudi Arabia territory by Ottoman Empire resulted into the emergence of Wahhabism, a Saudi dynasty in the mid 18th century. The Saudi dynasty headed by the indigenous Al Saud family established the current Saudi Arabian territory and the dynastic rule that continues up to date (David and Johns 1982). Abdul Aziz a ruler of the Al Saud family established the current Saudi Arabian country after seizing the control of Nejd kingdom and Al Hasa region from the Ottoman Empire and King Al Rashid. The vast oil deposits were later discovered the in Al Hasa region, which included the Persian Gulf (Vitalis, 2007). Therefore, the formation of Saudi Arabian country resulted from a gradual process of reunification, where the local Al Saud rulers fought and defeated the indigenous rulers, and seized the conquered territories that were later united to form the current Saudi Arabia. Turkey did not enjoy indigenous political process such as Saudi Arabia. Historically, different empires, including the Hittite, Persian, Roman, and the Byzantine empires governed Turkey (Lloyd, 1999). Later in 13 century, the country fell under the Ottoman Empire. When the Ottoman Empire declined in the 17th century, involvement of European countries such as Russia, France and Britain greatly influenced the formation of the Turkish state. Turkey was formally formed in 1923 and radical reforms undertaken to modernize the new country (Lloyd, 1999). Administrative structures established by the Ottoman Empire such as ottoman sultanate and caliphate were banned and replaced with modern political and economic reforms. In addition, the country secularized its society from ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Influence of Oil Price on Non-Oil Sector Stocks in Saudi Arabia
This research helps to better determine the role oil prices play in the Saudi Arabian stock market. The results of this research could be significant for investors and enterprises in determining their hedge on their oil investments and could serve as a basis for further research and verifying its validity in other major oil producing countries, and in determining the direction their stock portfolio is expected to go in depending on oil prices.
16 Pages(4000 words)Research Paper
Do Oil Prices influence Non-Oil Sector Stocks in Saudi Arabia
The key assumptions in the study are: 1)The stocks chosen for analysis are representative of the sectors as they account for most market capitalisation in each sector; 2) By studying the causality relationship between oil prices and stock prices, we can reliably conclude on the influence of oil prices on stocks; 3) The impact of oil prices on stock prices is a constant phenomenon and not a “one-time” effect or a switch-on/switch off effect.
27 Pages(6750 words)Research Paper
Saudi Arabian Oil Company (ARAMCO)
Saudi Aramco through its management of 98% of the countries oil resources (Jaffe and Elass 2007) has had a significant impact on the Saudi Arabian Society. Saudi Aramco has had a history of improving the lives of Saudis whose livelihood in the past were dependent mainly on agriculture, making oil a very important commodity in the Saudi Arabian economy.
4 Pages(1000 words)Research Paper
Do Oil Prices Influence Non-Oil Sector Stocks in Saudi Arabia
Literature Review 11 IV. Research Methodology 19 VII. Results and analysis 22 VIII. Conclusion 24 References 25 Appendix 1: Tadawul stocks and sectors distribution 27 Appendix 2: Stocks to be used for Analysis 28 Abstract This research analyses the degree to which oil prices influence non-oil sector stocks in Saudi Arabia.
5 Pages(1250 words)Research Paper
A World without Oil
Typically, the modern world depends on oil for development and existence. Oil is beneficial in powering motorcycles, trains, cars, planes, and trucks. The impact of the world without oil would be catastrophic since the other energy alternatives would not suffice to drive global economy.
7 Pages(1750 words)Research Paper
Achieving Food Security in Saudi Arabia with Sustainable Foreign Direct Investment
Saudi Arabia is one of largest nations in the world with an area 870,000 sq mi. It is located in Western Asia, and it is the 2nd largest Arab nations following Algeria. The population of the nation is estimated to be 29 million and a majority of them are young people.
19 Pages(4750 words)Research Paper
Saudi Arabia's political future in the region
..…………7 Conclusion……………………………………………………………...…………..10 Works Cited…………………………………………………………………………11 Introduction The Arab Spring also referred to as Arab Awakening has destroyed the Middle East reputation for some time now.
9 Pages(2250 words)Research Paper
Saudi Arabia's Economy
It is estimated that oil export revenue accounts for 90-95% of the country's total earnings, 70-80% of the total state earnings, and 40% of Saudi Arabia's Gross Domestic Product (GDP). The country's robust economy therefore, is indicative of the strong performance of Saudi Arabia's oil industry specialize in the production and shipment of oil (Saudi Arabia 1-2).
10 Pages(2500 words)Essay
Economy of Saudi Arabia and Canada
In order to understand the factors that come into play in this case it may be of the essence to examine some countries and see the various issues that are related to the economies. The countries in question in this case are Canada
5 Pages(1250 words)Research Paper
The impact of oil price change on USs economy
The International Monetary Fund changed its forecast of the GDP growth in U.S in 2011 from 3.0% to 2.8% as a result of the persistently high prices of oil. The increase of oil prices 2011 would lead to a 2% growth in 2011
8 Pages(2000 words)Research Paper
Let us find you another Research Paper on topic Saudi Arabia's Oil Impact on World Economy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us