scholarly journals Corporate Cash Holdings and National Culture: Evidence from the Middle East and North Africa Region

2021 ◽  
Vol 14 (10) ◽  
pp. 475
Author(s):  
Sherif El-Halaby ◽  
Hosam Abdelrasheed ◽  
Khaled Hussainey
Keyword(s):  
Middle East ◽  
North Africa ◽  
Robustness Analysis ◽  
Cash Holdings ◽  
Cultural Dimensions ◽  
Rate System ◽  
Exchange Rate System ◽  
The Impact ◽  
Corporate Cash Holdings

This paper investigates to what extent cultural dimensions, based on Hofstede’s model, can clarify differences in cash holding levels. The sample includes 395 banks across 19 countries in the Middle East and North Africa region over a period of 16 years (1999–2014). The findings indicate that when uncertainty avoidance and masculinity decrease, cash holdings increase, whereas when power distance, long-term orientation, and individualism increase, the cash holdings increase correspondingly. Based on robustness analysis, the results remain unaffected even after controlling corporate and macroeconomic characteristics related to inflation, corruption, and the exchange rate system. Further analysis shows insignificant differences between Islamic and non-Islamic banks regarding the influence of culture over cash holdings. This study contributes to the literature regarding the impact of culture on corporate cash holdings based on a unique and different context, through examining this relationship in financial institutions located in the Middle East and North Africa region.

The Impact Of Financial Sector Development On Economic Growth In The Middle East And North Africa

2019 ◽  
pp. 81
Author(s):  
محمد سعيد محمود بللور ◽  
عامر عبدالفتاح زكريا باكير
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Financial Sector ◽  
Financial Sector Development ◽  
The Impact

scholarly journals Influence of COVID-19 on lifestyle behaviors in the Middle East and North Africa Region: a survey of 5896 individuals

2021 ◽  
Vol 19 (1) ◽  
Author(s):  
Mohamed Abouzid ◽  
◽  
Dina M. El-Sherif ◽  
Nael Kamel Eltewacy ◽  
Nesrine Ben Hadj Dahman ◽  
...  
Keyword(s):  
Social Media ◽  
Middle East ◽  
Food Consumption ◽  
North Africa ◽  
Fast Food ◽  
Online Survey ◽  
Eating Habits ◽  
Lifestyle Behaviors ◽  
Mena Region ◽  
The Impact

Abstract Background Coronavirus disease (COVID-19) pandemic has affected health and lifestyle behaviors of people globally. This project aims to identify the impact of COVID-19 on lifestyle behavior of individuals in the Middle East and North Africa (MENA) region during confinement. Methods We conducted an online survey in 17 countries (Egypt, Jordan, United Arab Emirates, Kuwait, Bahrain, Saudi Arabia, Oman, Qatar, Yemen, Syria, Palestine, Algeria, Morocco, Libya, Tunisia, Iraq, and Sudan) from the MENA region on August and September 2020. The questionnaire included self-reported information on lifestyle behaviors, including physical activity, eating habits, smoking, watching television, social media use and sleep before and during the pandemic. Logistic regression was performed to analyze the impact of COVID-19 on lifestyle behaviors. Results A total of 5896 participants were included in the final analysis and 62.8% were females. The BMI of the participants was 25.4 ± 5.8 kg/m2. Around 38.4% of the participants stopped practicing any physical activities during the confinement (P < 0.001), and 57.1% reported spending more than 2 h on social media (P < 0.001). There were no significant changes in smoking habits. Also, 30.9% reported an improvement in their eating habits compared with 24.8% reported worsening of their eating habits. Fast-food consumption decreased significantly in 48.8% of the study population. This direct/indirect exposure to COVID-19 was associated with an increased consumption of carbohydrates (OR = 1.09; 95% CI = 1.02–1.17; P = 0.01), egg (OR = 1.08; 95% CI = 1.02–1.16; P = 0.01), sugar (OR = 1.09; 95% CI = 1.02–1.16; P = 0.02), meat, and poultry (OR = 1.13; 95% CI = 1.06–1.20; P < 0.01). There was also associated increase in hours spent on watching television (OR = 1.07; 95% CI = 1.02–1.12; P < 0.01) and social media (OR = 1.09; 95% CI = 1.01–1.18; P = 0.03). However, our results showed a reduction in sleeping hours among those exposed to COVID-19 infection (OR = 0.85; 95% CI = 0.77–0.94; P < 0.01). Conclusions The COVID-19 pandemic was associated with an increase in food consumption and sedentary life. Being exposed to COVID-19 by direct infection or through an infected household is a significant predictor of amplifying these changes. Public health interventions are needed to address healthy lifestyle behaviors during and after the COVID-19 pandemic.

Whose risk? Bank de-risking and the politics of interpretation and vulnerability in the Middle East and North Africa

2021 ◽  
pp. 1-16
Author(s):  
Sherine El Taraboulsi-McCarthy
Keyword(s):  
Political Economy ◽  
High Risk ◽  
Middle East ◽  
Money Laundering ◽  
North Africa ◽  
Civil Society Organizations ◽  
Negative Consequences ◽  
Local Authorities ◽  
The Impact ◽  
Politics Of Interpretation

Abstract Following the events of 11 September 2001, measures aimed at countering the financing of terrorism (CFT) were intensified by States. Many countries around the world adopted strict anti-money laundering and CFT regulations for the transfer of funds globally. This process increased the costs of complying with regulatory requirements and imposed high penalties on banks for non-compliance. As a result, preventive measures – often known as “de-risking” – were taken up by banks, including terminating the accounts of clients perceived as “high-risk” for money laundering or terrorist financing, and delaying transfers. These measures, however, have had negative consequences, reducing financial access for local civil society organizations in conflict-affected contexts that are deemed high-risk for terrorist activities. Drawing on five years of research to understand the impact of de-risking on conflict-affected contexts from a local perspective, this paper reflects on the local political economy of CFT, with a focus on the Middle East and North Africa. It explores two key areas of inquiry. The first of these is the politics of interpretation – how counterterrorism as a discourse and a set of practices, of which CFT is one, gets interpreted by local authorities and banks, and subsequently gets reinterpreted to the population. This also has implications for which local actors are better positioned to access funds than others, and why. The second area of inquiry is the politics of vulnerability – how the local political economy impact of CFT can increase the social and economic vulnerabilities of some groups more than others. This paper demonstrates that under the guise of “counterterrorism”, local authorities in conflict-affected contexts have used CFT to restrict the non-profit and philanthropic space and are using banking regulations to shape that space in ways that are bound to have negative medium- and long-term implications for it.

The meta-geography of the Middle East and North Africa in Turkey’s new geopolitical imagination

2013 ◽  
Vol 44 (5-6) ◽  
pp. 431-448 ◽  
Author(s):  
Aylin Güney ◽  
Nazif Mandacı
Keyword(s):  
Middle East ◽  
North Africa ◽  
Arab Spring ◽  
Critical Geopolitics ◽  
Syrian Crisis ◽  
Security Practices ◽  
Before And After ◽  
The Arab Spring ◽  
The Impact ◽  
Geopolitical Imaginations

This article critically analyses Turkish security discourses connected to the meta-geography of the Broader Middle East and North Africa (BMENA) before and after the developments of the Arab Spring. A critical geopolitics approach and critical security theories in international relations provide the theoretical framework, as security discourses are considered to be a product of geopolitical imaginations and codes that, in turn, shape the making of foreign and security policies. First, the article examines the invention of BMENA as a meta-geography within Turkey’s new geopolitical imagination, as well as the new geopolitical codes underlying the new security discourses. Then, the article assesses the impact of the Arab Spring, which led to major changes in Turkey’s newly established geopolitical codes, formulated in the pre-Arab Spring period, and analyses the ruptures and continuities in Turkey’s security discourses in the light of those developments. Finally, the article concludes that the Arab Spring, especially the Syrian crisis, shifted the focus of Turkey’s foreign policy in BMENA from cooperation to conflict. This has led to a resecuritization of Turkey’s geopolitical codes, discourses and security practices in the region, revealing the limitation of Turkey’s current geopolitical imagination.

China and the Revolutions in the Middle East and North Africa

2011 ◽  
Vol 3 (1-2) ◽  
pp. 192-203 ◽  
Author(s):  
Randall Peerenboom
Keyword(s):  
Social Justice ◽  
Middle East ◽  
North Africa ◽  
Authoritarian Regimes ◽  
Northern Africa ◽  
Mena Countries ◽  
Turn On ◽  
Potential Sources ◽  
The Government

The 2011 revolutions in the Middle East and Northern Africa (MENA) led to considerable hope for some people that China would experience a similar political uprising, as well as considerable anxiety for the ruling regime. The government’s immediate response was to downplay the risk of a similar event occurring in China by distinguishing between China and MENA, while at the same time cracking down on activists and other potential sources of instability—including attempts to organize popular revolutionary protests in China. Although the government has so far managed to avoid a similar uprising, neither response has been entirely successful. Despite a number of significant diff erences between China and MENA countries, there are enough commonalities to justify concerns about political instability. Moreover, relying on repression alone is not a long-term solution to the justified demands of Chinese citizens for political reforms and social justice. Whether China will ultimately be able to avoid the fate of authoritarian regimes in MENA countries will turn on its ability to overcome a series of structural challenges while preventing sudden and unpredictable events, like those that gave rise to the Arab revolutions, from spinning out of control.

scholarly journals Environmental Performance and Economic Growth in Middle East and North Africa Countries

2019 ◽  
Vol 9 (24) ◽  
Author(s):  
Hichem Dkhili
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Environmental Performance ◽  
Middle Eastern ◽  
Smooth Transition ◽  
African Countries ◽  
Mena Region ◽  
Mena Countries ◽  
The Impact

Background. Studies on environmental performance/quality and economic growth show inconclusive results. Objective. The aim of the present study is to assess the non-linear relationship between environmental performance and economic growth in the Middle East and North Africa (MENA) region from 2002–2018. Methods. A sample of fourteen (14) MENA countries was used in the present analysis. However, due to important differences between countries in this region, the whole sample was divided into two sub-samples; nine Middle Eastern countries (MEAS) and five North African countries (NAF). We performed the panel smooth transition regression model as an econometric approach. Discussion. Empirical results indicate a threshold effect in the environmental performance and economic growth relationship. The threshold value differs from one group of countries to another. More specifically, we found that the impact of environmental performance and economic growth is positive and significant only if a certain threshold level has been attained. Until then, the effect remains negative. Conclusions. The findings of the present study are of great importance for policymakers since they determine the optimal level of environmental performance required to act positively on the level of economic growth. MENA countries should seek to improve their environmental performance index in order to grow output. Competing Interests. The authors declare no competing financial interests.

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