Late last week, the International Finance Corporation and Hawkamah Corporate Governance Institute announced a survey of governance practices in the Middle East and North Africa. There are 11 countries in the area with active stock exchanges and they will participate in the survey. They are: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Saudi Arabia, Tunisia, UAE and the West Bank and Gaza.
Results of the survey should be released in late November. When complete, the survey will form a basis for regional actions that may include the development of national codes of corporate governance, including codes for the governance of family-owned and state-owned companies. The survey will also provide a platform for increased media and university-level awareness of the need for good governance practices.
There have been several recent stories about the proposed survey. See here,here and here for more information.