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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: Government Policy and Regulation x
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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
Cover IMF Staff Country Reports
United Arab Emirates: Selected Issues
International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper on the United Arab Emirates highlights the macroprudential policies. The fixed exchange rate and persistent structural liquidity surpluses in upswings add to the difficulties in managing aggregate demand contain credit expansion. The exchange rate peg and the open capital account allow limited room to deviate from the U.S. interest rates. Monetary policy is further constrained by limited liquidity management capabilities, as liquidity forecasting is in its infancy, and central banks liquidity management relies primarily on reserve requirements and standing facilities for liquidity absorption. The lack of a local currency fixed-income market raises the prominence of real estate as an asset class for investment and the exposure of the banking system to the real estate sector.
Keywords:
ISCR; CR; company; GRE; Yes; Dubai; GCC country; GRE debt; debt management; major GRE restructuring; Dubai GRE; Dubai debt restructuring deal; CBU regulation; GRE risk; GCC economy; Dubai World restructuring; Dubai government; Macroprudential policy; Financial sector stability; Corporate governance; Systemic risk; Debt restructuring; Global; Middle East