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This brief covers the history, current characteristics, and challenges and opportunities of 10 capital markets from the Middle East: Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.


Middle East Capital Markets: Challenges and Opportunities

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Overview

The Middle East economies and their respective capital markets are a unique combination of extremes—from the vibrant, trade-based United Arab Emirates and resource rich Kuwait and Qatar to ones that are currently experiencing challenging times, such as Iraq and Lebanon.

This brief covers the history, current characteristics, and challenges and opportunities of 10 capital markets from the Middle East. Each chapter is written by local authors familiar with the corresponding market: Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.


About the Editors

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Bogdan Bilaus CFA

Bogdan Bilaus, CFA, is vice president, CFA Society Doha.

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Luis Garcia-Feijóo CFA, CIPM

Dr. Luis Garcia-Feijóo, CFA, CIPM, is an associate professor of finance at Florida Atlantic University (FAU), where he teaches investments and international finance. He is also a co-founder of Economic Index Associates (EIA), LLC. Professor García has served as associate editor of the Financial Analysts Journal since 2012 (currently serving interim managing editor) and he is also a research director for CFA Institute Research Foundation. Prior to joining FAU, he worked as director, exam development at CFA Institute and was an associate professor at Creighton University. Professor García’s research interests include factor investing, monetary policy and asset returns, and behavioral finance, among others; his research has been published in leading academic and practitioner journals. He is co-author of the book Invest with the Fed: How to Maximize Portfolio Performance Following Federal Reserve Policy. Professor García holds a PhD in finance from the University of Missouri-Columbia. He actively served on the Board of Directors of the CFA Society of South Florida from 2009 to 2014 and has been an active volunteer for CFA Institute since 2009.