Markaz launches a special publication titled Souq Al-Manakh and five other GCC crises

Kuwait: Coinciding with 40 years since Souq Al-Manakh crisis, Kuwait Financial Centre “Markaz” launched a special publication titled “Souq Al-Manakh and Five Other GCC Crises”. The publication was prepared by Marmore MENA Intelligence, the research arm of Markaz, as part of the ongoing efforts of providing thought leadership on the most critical issues that have shaped the current economic situations in the GCC region. The publication covers major financial crises such as Souq Al-Manakh, the subprime crisis in 2008, Dubai 2009 Real Estate Meltdown, the default of a major Saudi group, the 2014 decline of oil prices and the diplomatic rift in the GCC in 2018. The publication discusses at length how each major financial crisis impacted the financial landscape of the GCC, from the beginning of the crisis, analyzing the reasons behind it, through its effects locally in chronological order, describing the outcomes of each crisis and ways to resist under current circumstances. The book is explicitly chronological because most of these crises resulted from the accumulation of a series of consecutive events. In this regard, Mr. Raghu, Executive Vice President, Published Research in Markaz and Managing Director of Marmore said, “We were keen to offer clarity to businesses and investors about a range of previous economic crises that have impacted the GCC region, through analysis and reviews based on research from reliable sources. This publication is intended as a summary of six major financial crises, in which we hope to shed useful insights on some of the most important events that shaped the financial landscape in the GCC region.” He added, “Markaz and Marmore followed the chronological approach in the publication, helping the readers to understand both the roots of the current economic situation and the opportunities for constructive change, as those are important lessons for our economic sustainability.” Markaz has launched this special publication as part of its corporate social and economic responsibility strategy. Markaz was the first to publish research to broaden the knowledge of the financial sector. A special department was dedicated to published research consisting of a skilled team with extensive experience in the field of economic policies research in the MENA region. The research is disseminated to decision makers and stakeholders in Kuwait, and research findings are discussed with them to reach best practical solution. -Ends– About Kuwait Financial Centre “Markaz” Established in 1974, Kuwait Financial Centre K.P.S.C “Markaz” is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.16 billion as of 31 March 2019 (USD 3.83 billion). Markaz was listed on the Boursa Kuwait in 1997. For further information, please contact: Sondos Saad Media & Communications Department Kuwait Financial Centre K.P.S.C. "Markaz" Tel: +965 2224 8000 Fax: +965 2246 7264 Email: ssaad@markaz.com markaz.com © Press Release 2019 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

Markaz launches a special publication titled Souq Al-Manakh and five other GCC crises

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