Banking and Finance in the Arab Middle East by Rodney Wilson (auth.)

By Rodney Wilson (auth.)

Show description

Read Online or Download Banking and Finance in the Arab Middle East PDF

Best banking books

Chinese Stock Markets: A Research Handbook

The exponential progress of China’s inventory markets some time past decade has attracted worldwide consciousness from teachers and practitioners. The practitioner’s curiosity in chinese language markets stems from firms; traders and fiscal associations foresee enormous advantages from making an investment in China in the end.

Offshore Finance

This booklet was once first released in 2006. it really is envisioned that as much as sixty percentage of the world's cash might be situated offshore, the place half all monetary transactions are stated to occur; in spite of the fact that, there's a conception that secrecy approximately offshore is inspired to obfuscate tax evasion and cash laundering.

An Introduction to the Mathematics of Financial Derivatives, Third Edition

An advent to the maths of economic Derivatives is a well-liked, intuitive textual content that eases the transition among simple summaries of monetary engineering to extra complicated remedies utilizing stochastic calculus. Requiring just a easy wisdom of calculus and likelihood, it takes readers on a travel of complex monetary engineering.

Contemporary Financial Intermediation, Third Edition

In modern monetary Intermediation, 3rd version, Greenbaum, Thakor and Boot supply a particular method of monetary markets and associations, providing an built-in portrait that places details on the middle. rather than easily naming and describing markets, rules, and associations as competing books do, the authors discover the unending subtlety and plasticity of economic associations and credits markets.

Extra resources for Banking and Finance in the Arab Middle East

Example text

Much of the population of the city was Christian rather than Muslim, and even many of the Arabs were either Christian immigrants from the Levant, or members of the Egyptian Coptic Church. Similarly Port Said was an international town, and most of its wealthy residents likely to use modern banking services were foreigners, normally involved with the Canal either directly or indirectly. Cairo in contrast was essentially Arab and Muslim, although the foreign community grew substantially in number in the 1890s when attempts were made to establish a local textile industry, which soon failed owing to European competition and an absence of tariffs.

For its part the attitude of Bank Misr towards foreign interests grew more tolerant once it became firmly established and self-confident, and its original strident nationalistic character gradually mellowed. In addition the Bank saw the need to bring in foreign expertise if it was to expand the range of activities of the Misr group, as in many fields there was a lack of suitably qualified Egyptians. Therefore foreign partners were sought from 1932 onwards, although Egyptian control was maintained in all ventures, with just one exception.

They began to take over some of the jobs which had formerly been carried out by foreigners, either expatriates from Europe serving in the area for short stays, or more permanently resident foreign nationals, such as those living in large numbers in Beirut, Alexandria and Cairo. In the field of banking and finance many young Arabs already worked for the foreign banks represented in the Middle East even in the closing decades of the nineteenth century, but most did not rise above the lowest clerical positions, and many were employed as messengers and in other similar menial tasks.

Download PDF sample

Rated 4.14 of 5 – based on 19 votes