Abstract

This study assesses empirically the effects of oil prices on financial markets activity of some MENA countries (Middle East & North Africa).We have chosen this subject to study aiming to find out and explain if there is a relationship between international oil prices and the prices of the listed securities in the financial markets of Middle East and North Africa. The countries that will be in the sample of analysis are Turkey, Jordan, Egypt, Morocco, Tunis, we targeted these countries of this geographical area based on specific characteristics of these countries as they are oil importers; in the meantime they have sharing borders with big oil exporting countries.

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