Financial Regulation in the Middle East: A Critical Appraisal of the Developments and Regulatory Constraints in the Kingdom of Saudi Arabia and United Arab Emirates - Essay Example

Comments (0) Cite this document
Summary
These measures included legalizing interests, introducing secular courts and revised financial regulations modeled after Western frameworks.1…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Financial Regulation in the Middle East: A Critical Appraisal of the Developments and Regulatory Constraints in the Kingdom of Saudi Arabia and United Arab Emirates
Read TextPreview

Extract of sample "Financial Regulation in the Middle East: A Critical Appraisal of the Developments and Regulatory Constraints in the Kingdom of Saudi Arabia and United Arab Emirates"

Download file to see previous pages The United Arab Emirates (UAE) is poised to establish itself as a main regional financial services center.4 Saudi Arabia has also seen a growth in financial activities and is establishing itself successfully among regional and global financial markets.5 As major financial centers in the Middle East, change and progress in the UAE and Saudi Arabia could arguably pave the way for effective and efficient financial services regulatory reform in the Middle East generally. However, whether or not these trajectories will continue in the UAE and Saudi Arabia will depend on the transparency and strength of the financial services framework in these two Middle Eastern destinations. Much will also depend on continued innovation and improvements in the business environment as well as market competition and access. In other words, regulating the financial services industry in the UAE and Saudi Arabia is important for the economic growth and development in the Middle East. The purpose of this research study is therefore to provide a critical appraisal of both the developments and constraints of financial regulations in the Saudi Arabia and the UAE.
Credit expansion and growth in the Middle East and North Africa in general has been slow as a result of a repressed private sector and a lack of major financial crises. More importantly, financial regulations have tended to favor excessively taking precautions against risks. The result is, global credit growth in the Middle East has been middle, lower risk and “less volatile” compared to other emerging markets.6 In this regard, the extent to which financial regulations are effective will rebound to economic growth and development.
Financial regulation refer to a set of rules often promulgated by government or government bodies dictating what financial institutions can do and how they can do permissible acts. Financial regulations often apply to brokers, banks ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Financial Regulation in the Middle East: A Critical Appraisal of the Essay”, n.d.)
Financial Regulation in the Middle East: A Critical Appraisal of the Essay. Retrieved from https://studentshare.org/miscellaneous/1571615-financial-regulation-in-the-middle-east-a-critical-appraisal-of-the-developments-and-regulatory-constraints-in-the-kingdom-of-saudi-arabia-and-united-arab-emirates
(Financial Regulation in the Middle East: A Critical Appraisal of the Essay)
Financial Regulation in the Middle East: A Critical Appraisal of the Essay. https://studentshare.org/miscellaneous/1571615-financial-regulation-in-the-middle-east-a-critical-appraisal-of-the-developments-and-regulatory-constraints-in-the-kingdom-of-saudi-arabia-and-united-arab-emirates.
“Financial Regulation in the Middle East: A Critical Appraisal of the Essay”, n.d. https://studentshare.org/miscellaneous/1571615-financial-regulation-in-the-middle-east-a-critical-appraisal-of-the-developments-and-regulatory-constraints-in-the-kingdom-of-saudi-arabia-and-united-arab-emirates.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Financial Regulation in the Middle East: A Critical Appraisal of the Developments and Regulatory Constraints in the Kingdom of Saudi Arabia and United Arab Emirates

Obesity in kingdom saudi arabia

...?Obesity in Kingdom Saudi Arabia: Obesity is a nutritional disorder that results into excessive fat accumulation in the body. The most obvious victims of obesity are the developed countries, though the number of victims of obesity in the developing countries is also readily increasing (Young, 2001). Obesity has a fairly complex etiology. Several factors that include but are not limited to environment and genetics affect obesity along with several physical, psychological and socio-economic reasons. The speed with which obesity has increased all over the world in the past few decades essentially tells that role of other factors in causing obesity is much...
5 Pages(1250 words)Essay

Middle East History: Arab Identity

...?Middle East History: Arab Identity The first text in question is Milestones by Sayyid Qutb. One of the pioneers of the idea of Muslim Brotherhood inEgypt, his martyrdom for his cause has enhanced his standing in contemporary Islamic revivalist movements. Qutb is a passion advocate of his beliefs about nationality in the Islamic context. He begins his essay emphatically by stating “The day Islam gave a new concept of values and standards to mankind and showed the way to learn these values and standards, it also provided it with a new concept of human relationships. Islam came to return man to his Sustainer and to make is guidance the only source from which values and standards are to be...
4 Pages(1000 words)Essay

United Arab Emirates

...United Arab Emirates Introduction The United Arab Emirates is a federation of seven sheikhdoms each known as an Emirate, the seven Emirates are; Abu Dhabi( Abu Zaby), Dubai( Dubayy), Sharijah(Ash Sharijah), Umm al Qaywayn, Ajman, Al Fajayrah, and Ras al Khaymah. The official census in 2005 estimated population of the federation to be 4, 467, 899 million, and according to the Oxford Business Group report (14) the country occupies an area of about 77,700 square kilometers, located on the south east Arabia in between the Persian Gulf and the Gulf of Oman. The principal and...
8 Pages(2000 words)Essay

Social Networks in the Middle East, Gulf and Saudi Arabia

...into News headlines (Himelfarb, 2011) The Most Popular Topics for Social Media Users in the Middle East Topics %age     Music & Movies 67% Community Issues 46% Sports 43% Politics 34% Religion 14% (GO-Gulf 2013) Egypt has the largest market for social networks in the region even though the penetration is quite low at around 13%. Statistics show that 1 in every four Arabs in facebook are Egyptians while 80% of the Market share in the gulf region is in the United Arab Emirates (EAU) and Saudi Arabia ( Richards, 2012). The country with the largest social media penetration is the UAE with 47.83% of the...
6 Pages(1500 words)Literature review

Comparison of Organizational Cultures of the United States versus Saudi Arabia and the United Arab Emirates

...national cultures and distinct localization of practices. These differences on values and beliefs not only stem from factors such as language and religion, but also cultural, political, and legal issues. The U.S. organization cultures match with those of countries in the Middle East on areas such as managerial professionalism and efficacy. Comparing with U.S. organization cultures, Saudi Arabia and United Arab Emirates organizational cultures manifest superior-subordinate relationships that are highly personalized rather than contractual since persons in those organizations prefer personalized relationships. The business...
5 Pages(1250 words)Essay

Divorce in united arab emirates

.../Family_Law_in_the_UAE/ Maddy-Weitzman, B. (1999). Middle East Contemporary Survey, Volume 21. The Moshe Dayan Center. Momsen, J. H. (2009). Gender and Development. Taylor & Francis. Sawma, G. (2012, March 13). The Law of Marriage and Divorce in the United Arab Emirates. International Law. Retrieved July 24, 2012, from http://http://gabrielsawma.blogspot.com/2012/03/uae-islamic-divorce-in-united-states.html... Divorce in United Arab Emirates Although divorce is allowed in Islam, Sharia laws make the process be more difficult for couples having wrangles to end their relationship. This is achieved only if the judge is totally convinced that the marriage will not work even if it is given a...
2 Pages(500 words)Essay

Reflection on Personal Culture - (Middle East- Saudi Arabia)

...Arabs’ Culture in Saudi Arabia Every society in the world has its unique culture and the term culture relates to collective beliefs held by a group of people in terms of language, religion, traditional foods, and social morality among others. For instance, I come from Saudi Arabia where majority of the people are Arabs but there exist other races with significantly low populations. I am a male and I come from an Arabic tribe of Bedouin where we speak the Arabic language and we have preserved our traditional cultures that we follow up to date. We normally practice traditional sword dance whereby actors...
1 Pages(250 words)Assignment

DHL in United Arab Emirates

...DHL in United Arab Emirates a. History DHL’s history in UAE dates back to 1977 when the mother company began shifting from pure delivery of documents to small parcels. In UAE, logistics services were essential given the presence of oil exports and the region’s geographic interface with Asia and Europe. In this regard DHL has continued to develop huge logistics impact in the region since then. The choice for Dubai as a logistics hub by DHL was also as a result of areas world’s largest habors, large free-trade zone, and the presence of freight airport. As a rule, international companies have to partner with local companies to offer their services in UAE and Postal service...
4 Pages(750 words)Essay

U.A.E United Arab Emirates

...and place, leading to rapid transformation of the country. Studies have shown that the UAE was in existence even in the 3rd millennium BC with its history being characterized by tribes that practiced fishing, herding, and nomadism. These constituted the primary economic activities in the region during the periods near the 3rd millennium. Bedouins were definitely the main building blocks and pillars of the UAE community. The term Bedouin refers to a desert dweller. Thus, Bedouins took the active part in the construction of the United Arab Emirates. These early desert dwellers moved between the desert, ocean and the oasis. The three environments were critical for their...
12 Pages(3000 words)Essay

Economy of United Arab Emirates

...that the future predictions and the present economic scenario may be altered at any instance. References Binali, S. A. (2014). Direct investors, not index traders, will really drive the UAE economy. Retrieved from: http://www.thenational.ae/business/industry-insights/markets/direct-investors-not-index-traders-will-really-drive-the-uae-economy BBC. (2014). United Arab Emirates profile. Retrieved from: http://www.bbc.com/news/world-middle-east-14703998 Central Intelligence Agency. (2014). United Arab Emirates. Retrieved from:...
20 Pages(5000 words)Research Paper
sponsored ads
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.

Let us find you another Essay on topic Financial Regulation in the Middle East: A Critical Appraisal of the Developments and Regulatory Constraints in the Kingdom of Saudi Arabia and United Arab Emirates for FREE!

Contact Us