Middle East Economic Survey

VOL. XLVIII

No 42

17-October-2005

MEES Agenda

GCC Stock Markets Fueled By Oil Revenues And Deregulation

GCC stock markets are booming. Underpinned by the prospect of continuing strong oil prices, the GCCs markets are also being boosted by the wave of deregulation which is encouraging foreign investment in local markets, and instilling further confidence in local investors. The Shuaa Capital GCC Index has risen by 88% for the year to date. Warnings of the potential risk...