VOL. XLI

No. 26

29-June-1998

GCC

Kuwaiz Sees Limited Effect Of Asian Financial Crisis On GCC

The Asian financial crisis has had a limited effect on the Gulf Cooperation Council(GCC) countries because their financial markets are virtually closed to foreigninvestments, according to Dr. Abdullah Kuwaiz, General Manager of the Bahrain-based GulfInternational Bank (GIB). In a paper on the Financial Crisis in East Asia and its EconomicRepercussions on the GCC Countries, presented on 30 May to the...