Competition Law and Policy in the Middle East by Maher M. Dabbah

By Maher M. Dabbah

Written by means of a number one authority at the subject, pageant legislation and coverage within the heart East examines and seriously analyses the improvement and position of festival legislations and coverage in a single of the main fascinating areas of the realm. this can be the 1st publication of its style - so far this subject has now not obtained adequate realization, nor has it been accurately explored. the significance of the center East in the worldwide political and monetary arenas provides this ebook large foreign value and curiosity. The ebook will turn out important to quite a few audiences worldwide: to the contest legislation experts, to the scholars of the topic, to policy-makers and politicians within the heart East and to these whose paintings offers with legislation and economics and who desire to understand extra approximately pageant legislation and coverage during this certain a part of the realm.

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In certain cases it may be encouraged, for example where this is necessary for the purposes of achieving or maintaining a social aim or value. This is especially the case in key sectors and industries. Indeed, looking at different Muslim countries one will be able to find examples of this. 11 In its general approach to this issue, Islam seeks to strike the right balance between society and the individual. One important factor which is given special significance in achieving this balance is the public interest, which is deemed to be of crucial importance in an Islamic system.

2 The institutional structure of Hisba It was noted above that many centuries ago Hisba operated as a socioeconomic institution. It would be essential thus to look at the institutional structure of Hisba in order to understand further its operation within Islam. Originally, the institution of Hisba consisted of one person only, namely the head or director of Hisba. 24 There is some evidence in the literature that other titles were also used to describe this 23 24 As will be seen throughout the discussion in later chapters, these concepts have been incorporated into the modern competition laws of some MECs.

Equally important, however, the success of the strategy would require establishing crucial links between disadvantaged citizens and markets through ensuring that the latter would function in a way that would generate benefit for the former. Making markets function in this way would demand, among other things, having important economic policies in place. A crucial policy in this regard is competition policy. 5 A central component of this link is the existence of efficient markets, which in turn requires that activities within those markets be not distorted especially through anti-competitive or abusive behaviour of firms.

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