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Saudi Arabia Under Ibn Saud - Economic and Financial Foundations of the State (Hardcover)
Loot Price: R3,454
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Saudi Arabia Under Ibn Saud - Economic and Financial Foundations of the State (Hardcover)
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At its founding in 1932, the Kingdom of Saudi Arabia was
characterized by tribal warfare, political instability, chronic
financial shortages and economic crises. As a desert chieftain, Abd
al-Aziz Ibn Saud, the ruler and king until 1953, had the skills,
the cunning and the power to control the tribes and bring peace to
this realm. But financial and economic matters were not his forte
and these he left mostly to a single individual, Abdullah
al-Sulayman al-Hamdan. He was entrusted with nearly all of the
country's early financial dealings and administrative development.
The Ministry of Finance, which he headed from its inception, served
as nearly the sole government agency dealing with a wide variety of
matters, many of which had only a peripheral connection to finance
or the economy. This book examines the role of the Ministry of
Finance and its minister, Abdullah al-Sulayman, in holding the
country together financially and administratively until the promise
of substantial oil income was realized a few years after the end of
World War II. It will be essential reading for anyone interested in
Gulf History and the Economic History of the Middle East.
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