VOL. XXXVII

NO. 32

9-MAY-1994

Financial and Banking News

Capital Markets

Time To Take Gulf Equity Markets Seriously

During the last two years, Gulf equity markets have emerged as a seriousforce within the region's capital market structure. A series of public shareissues in Saudi Arabia and Bahrain has shown that private capital can be raisedto fund the expansion of local industries while in the other GCC states thefirst steps are being taken to sell shares through public flotations. For themoment,...