Independency Or Correlation? The GCC Stock Markets, Interest Rates, And Oil Prices: Against All Financial Rules

This paper examines the relationship(s) that exist among the four GCC stock markets: Kuwait, Saudi, UAE, and Oman. We observed and measured how and up to which extent oil prices, gold prices, and US interest rates affect these markets for the period 2005. We noticed a positive relationship between these markets and each factor and a perfect positive correlation between the Kuwaiti and Saudi markets