The effect of oil price changes on stock markets of the GCC Essay

The effect of oil price changes on stock markets of the GCC - Essay Example In addition, the effects of the oil price trend to the leading beneficiary of oil in the GCC, Qatar, will be addressed. Over the past year, the price of oil has reduced significantly. Numerically, the price of oil has lost 40% of its value. The minimized price of oil has led to the global decrease of oil and oil products. The trend has been welcomed by the consumer as countries enjoy a record low price of oil. Regardless of the benefits, oil producers have suffered massively due to losses incurred. Specifically, GCC countries have recorded reduced low markets. With the price of oil dwindling further, the stock market of GCC countries face the risk of an economic crisis unless an intervention is developed to minimize the risks (Arouri, Bellalah & Nguyen, 2011). Over the years, GCC countries have been best placed to manipulate oil prices thus creating price targets that would suit their economic demands. With the new changes, how much of effect does it have on the GCC countries? The GCC comprises of six countries. They are Qatar, Kuwait, Bahrain, Oman, United Arab and Saudi Arabia. The six nations develop their economic background from the export of oil. The nations produce 20% of the world oil (Arouri, Bellalah & Nguyen, 2011). This places them as the greatest oil producers globally. In addition, the GCC has 47% of the global oil reserves. This is in addition to that the control 36% of the global oil exports. It is evident that the GCC is massively dependent on oil. In an argument by Arouri, Bellalah & Nguyen (2011) the influence of the oil prices has a massive influence on the stock market of the GCC countries. The change in oil prices is directly proportional to the changes in the stock market. Specifically, an increase in the oil prices influences a massive influence on the GCC stock market. This is based on that there is massive investments in the oil industry in the market. Arouri, Bellalah & Nguyen (2011) are of the assumption that the

Judgement At Nuremberg Movie Review Example | Topics and Well Written Essays - 500 words

Judgement At Nuremberg - Movie Review Example In 1948, a series of trials were held in Nuremberg, Germany, by an international tribunal, headed by American legal and military officials, with the intent of bringing to justice those guilty of crimes against humanity. However, by that time most of the major figures of the Nazi regime were either dead or long missing, and in the resulting legal proceedings American judges often found themselves confronting the question of how much responsibility someone held who had "just followed orders." (Judgement At Nuremberg) The movie revolves around four judges who enact the Nazi Law and inflict a lot of pain on humanity. The director has tried his best to put across the fact that people take law for granted and they can go to any level in order to inflict pain upon the people. There were several scenes that caught the attention and because of the same the movie also got many Academy Awards. The role of Spencer Tracy was immaculate and Spencer is the lynchpin of the movie, Spencer's conspicuous presence makes the movie a great hit. In addition to this Burt Lancaster also plays a very pivotal role in shaping up the movie, these two characters are arguably the most important characters of the movie. The most appealing aspect about the movie is the theme of the movie which no other director touched upon prior to the launch of this movie and the theme is one of a kind and instantly catches the attention of the audience. This movie should