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  • THE GULF STOCK EXCHANGE CRASH
    ebook
    THE GULF STOCK EXCHANGE CRASH
    FIDA DARWICHE
    The collapse of Souq Al-Manakh in Kuwait in August 1982 was the most spectacular financial crash of recent years. The market had developed as a parallel stock exchange dealing in the shares of Gulf companies not resident in Kuwait. Fuelled by manic speculation, the market grew at a phenomenal rate throughout 1981 and early 1982. Inexperienced investors gambled huge sums on the ...

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