Arab Today, arab today uae must wait another 6 months for emerging market
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

UAE must wait another 6 months for emerging market

Arab Today, arab today

Arab Today, arab today UAE must wait another 6 months for emerging market

Dubai - Arabstoday

The UAE has to wait another six months before finding out whether it is eligible for an upgrade to emerging market status, index compiler MSCI announced in its latest classification review early on Wednesday morning. Morgan Stanley Capital International (MSCI) said the review period had been extended until December to give additional time for market participants to “assess the impact of the recent positive changes implemented” in the UAE and Qatar. Institutional investors welcomed the implementation of new delivery versus payment (DvP) settlement models on the Dubai Financial Market, the Abu Dhabi Securities Exchange and the Qatar Exchange, MSCI said in a statement posted on its website. However, the index provider said the issue of foreign ownership limits remains a concern, especially in Qatar. Article continues below The UAE, which is currently classified as a \"frontier market\", allows foreign direct investments (FDIs) of up to 49 per cent. However, it is up to each individual company to decide whether it opens up to such levels of overseas ownership. Qatar has not upped its foreign ownership limit from 25 per cent to 49 per cent, a prerequisite to an MSCI upgrade to emerging market status. “Given that the new DvP models were introduced only in May 2011, few market participants have had the opportunity to make a full assessment yet,” the MSCI said in a statement. “International investors continue also to be concerned by the effect of stringent foreign ownership limits such as limited availability of shares to foreign investors. This point has been more strongly voiced for the Qatari market as large companies, such as Industries Qatar, have almost reached their foreign ownership limit and became quasi-uninvestable for foreign investors,” MSCI said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae must wait another 6 months for emerging market Arab Today, arab today uae must wait another 6 months for emerging market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae must wait another 6 months for emerging market Arab Today, arab today uae must wait another 6 months for emerging market

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday