Economic Co-Operation in the Gulf

Issues in the Economies of the Arab Gulf Co-Operation Council States

By Badr El Din A. Ibrahim

© 2007 – Routledge

160 pages

Purchasing Options:
Paperback: 9780415542715
pub: 2012-05-10
US Dollars$54.95
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Hardback: 9780415428835
pub: 2007-05-30
US Dollars$168.00
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About the Book

With global concerns over rising oil prices, this book examines the major issues facing the economies of the Arab Gulf today, covering all six of the Arab Gulf Cooperation Council (AGCC) states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

Providing a detailed account of the central features of the economies of the Arab Gulf, this book draws out the critical trends that will shape the region in future years. It includes an in-depth analysis of topical issues such as the AGCC monetary union, intra-AGCC national labour movement, Islamic banking and programmes to finance small and medium-sized enterprises (SMEs). The book:

  • assesses the costs and benefits of the proposed monetary union, assessing whether AGCC economic structures have converged sufficiently, and whether these economies have the internal flexibility necessary to make the union work effectively
  • investigates intra-national labour mobility in the context of the forthcoming monetary union and identifies the most crucial features in a successful common AGCC employment strategy
  • considers the fortunes of the prominent Islamic banks in the region
  • examines the impact on liquidity of the external economic environment and regulatory policy
  • contrasts and compares some of the major SME financing schemes, focusing in particular on SME financing in Oman.

Table of Contents

Introduction 1. The AGCC Monetary Union 2. Intra-national Labour Mobility between AGCC States 3. Some Aspects of Liquidity of Islamic Banks in Two AGCC States 4. Financing Small and Medium Enterprises in the AGCC States: A Case of Oman 5. Conclusion

About the Author

Badr El Din A. Ibrahim currently serves as an Economic Expert at the Ministry of Finance, Oman. He was previously Assistant Professor and Head of the Department of Economics at Khartoum University, and thereafter Professor of Economics at the Modern College of Business and Science, Oman. He has written on SMEs, Islamic banking, adjustment programmes, & AGCC economies. He is the author of Banking and Finance to Small and Micro-enterprises in Sudan - Some Lessons from the Islamic Financing System (Institute of Islamic Banking and Insurance, London, 2004).

About the Series

Routledge Studies in Middle Eastern Economies

This series provides up to date overviews and analysis of the region's economies. The approaches taken are not confined to a particular approach and include analysis of growth and future development, individual country studies, oil, multinational enterprises, government policy, financial markets and the region's role in the world economy.

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Subject Categories

BISAC Subject Codes/Headings:
BUS039000
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUS069020
BUSINESS & ECONOMICS / International / Economics
BUS070040
BUSINESS & ECONOMICS / Industries / Energy Industries
SOC053000
SOCIAL SCIENCE / Regional Studies