FINANCIAL SERVICES IN ARAB GULF COUNTRIES
FINANCIAL SERVICES IN ARAB GULF COUNTRIES

Summary/Abstract: The above paper shows rapid changes in the financial markets of the GCC countries. Each member of the group is trying to find its own path and its own market niche. The most successful seem to be the smallest countries – the UAE, Qatar and Bahrain. This is where institutional changes take place most quickly and the authorities are the most determined in introducing diversification into their economies. This is also where governments are determined to lead their countries on the path towards a modern market economy. It seems likely that in the near future, these countries will become the region’s economic leaders influencing the whole of the Persian Gulf.

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