1. Improving Gulf Corporate Governance Will Take Time, Says S&P

    Improving Gulf Corporate Governance Will Take Time, Says S&P

    It's been a sore point for years and seems to remain so for a while longer: corporate governance among Gulf companies is weak and improving it will be a slow process, a new report from Standard & Poor's shows. Only 2 (Dubai's Majid Al Futtaim and Saudi ...

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    1. Potential investors face closely controlled company ownership, a general lack of transparency, and the vagaries of individual states' jurisdictions with respect to creditor protection.
    2. This leaves them open to the risk of weak management and, in extreme cases, fraud.
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