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Middle East and Central Asia > Qatar

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Corporate Finance and Governance: General x
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Cover IMF Staff Country Reports
United Arab Emirates: Selected Issues
International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper discusses measures to strengthen fiscal policy and budget frameworks in the United Arab Emirates (UAE). It provides an overview of government’s revenue and expenditure developments, and presents fiscal sustainability analysis that is most relevant to countries with large hydrocarbon wealth such as the UAE. The paper discusses measures to contain expenditure growth—controlling the public wage bill, reducing subsidies and transfers, and stabilizing other expense in real terms. It also proposes options to increase nonhydrocarbon revenue such as broadening corporate income tax with lower rates, introducing a low rate-broad based value added tax, and levying an excise tax on automobiles.
Keywords:
ISCR; CR; government; small and medium enterprise; bank; funding; revenue; country authorities; guarantee scheme; portfolio consist; SME access; government expense; rating agency; Small and medium enterprises; Budget planning and preparation; Credit; Energy subsidies; Loans; Middle East; North Africa; East Africa; Sub-Saharan Africa; Global
Cover IMF Working Papers
Integrated Ownership and Control in the GCC Corporate Sector
Mr. Andre O Santos
The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public sector institutions, holding companies, financial institutions, and family groups. The paper then considers the effect of different definitions of control on the distribution of consolidated debt. Debt concentration is maximized when the wedge between ownership and control is the largest. This is the case when the largest shareholder has at least 5 percent of total shares as defined in Zingales (1994).
Keywords:
WP; GCC country; shareholder debt; GCC countries; network analysis; integreated ownership; concentration; ownership network; GCC shareholder; shareholder portfolios consist; Stock markets; Public sector; Corporate sector; Illicit financial flows; Corporate governance; Africa