Financial markets in GCC countries: recent crises and structural weaknesses

Author
Steffen Hertog
Content Type
Policy Brief
Institution
Norwegian Centre for Conflict Resolution
Abstract
Gulf Co-operation Council (GCC) countries' financial sectors are solid, but not very sophisticated: business is mostly financed through bank lending rather than bonds or stock issues, and banks continue to rely on state support and, in many cases, are directly state owned.
Topic
Economics, International Trade and Finance, Markets
Political Geography
Middle East, Arabia