Abstract

Wall Street of the Middle East
Hewins, Ralph | March 9, 1964 issue

add to cart   close window

The two-year-old New Jersey sized state of Kuwait, poised between unstable Iraq and medieval Saudi Arabia, aspires to be a hub of finance for the splintered Arab world that stretches from the Persian Gulf to Gibraltar, from Turkey to the Sudan. Or, as numerous berobed millionaires in oil-rich Kuwait say, "the Wall Street of the Middle East." The idea of traffic in money is a break with Muslem theology, tradition, psychology and practice. Wealth has always been accepted in the Middle East as the arbitrary beneficence of Allah, as booty in tribal warfare up to 1930, and as haphazard petroleum bonanzas since then.

See Also:

INTERNATIONAL finance; WEALTH; MONEY market; KUWAIT; MIDDLE East; ARAB countries
ARCHIVE HOME
Pricing
Articles are sold in 'packs,' which are priced as follows:

1 for 2.95
4 for 9.95
10 for 19.95
50 for 34.95
300 for 149.95
Refund Policy
Sales of archive individual articles, full issues or article packs are final and no refunds will be issued.
Access for libraries
help
Search
Browse
Sample Article

In Your Cart

Your cart is empty.

My Articles

You must be logged in to view your articles.

User name

Password

I don't have a login.

I forgot my user name/password.
Advertisement
Advertisement

Blogs

» Act Now!

Coal Country | "This is a civil war."
Peter Rothberg
46 Comments

» The Notion

A Blow to Privatization in Israel (and Perhaps Beyond) | A potentially historic ruling on prison privatization, in Israel.
Eyal Press
20 Comments

» The Dreyfuss Report

Can China Help on Afghanistan? | Beijing wants a broader role in the Middle East and South Asia. Will Obama bring them in?
Robert Dreyfuss
45 Comments

» Editor's Cut

Around the Nation | The week we went Rouge. Plus, Moyers on Afghanistan.
Katrina vanden Heuvel
90 Comments

» The Beat

Health Care Bill Advances, as Harry Reid Trumps Sarah Palin | The death panelist-in-chief rallied her followers to "KILL THE BILL." But 60 senators decided to follow the real leader.
John Nichols
115 Comments

» Altercation

Slacker Friday | The "Second Amendment" sale; the raving paranoids of the right.
Eric Alterman