Kuwait

Thin on Kuwait specifically, strong on the Gulf as a capital bloc. There is a notable gap: the 1982 Souk al-Manakh crash, one of the largest stock market collapses in history relative to GDP, still has no book-length English account. Crystal on ruler-merchant bargains and Hanieh on Gulf capital are the foundation.

7 books

Start here

  1. Oil and Politics in the Gulf: Rulers and Merchants in Kuwait and QatarJill Crystal, 1990
  2. Kuwait TransformedFarah Al-Nakib, 2016
  3. Money, Markets, and MonarchiesAdam Hanieh, 2018

Books 7

Adam Hanieh · 2011 · How Gulf merchant families became regional capital, and where they invest.
Adam Hanieh · 2018 · The GCC as an integrated capital bloc; conglomerates, real estate, finance.
Jill Crystal · 1990 · How oil revenue let rulers buy out the merchant families; the origin of the modern business elite.
Mahmoud A. El-Gamal, Amy Myers Jaffe · 2009 · Petrodollar recycling and the boom-bust cycle Gulf investors keep repeating.
Farah Al-Nakib · 2016 · Oil urbanism and how land distribution created the domestic merchant fortune.
Kristian Coates Ulrichsen · 2016 · Sovereign funds, diversification plans and the limits of the rentier bargain.
Jill Crystal · 1992 · Includes the Souk al-Manakh episode and the Kuwait Investment Office.