The recent decision by the MSCI Global Equities Index to upgrade its classification of both the UAE and Qatar from Frontier to Emerging Market status will likely result in more stability and greater investment, a finance leader said.
Emerging capital markets will double their global index share by 2030, with Saudi Arabia expected to emerge as the seventh largest emerging capital market by 2030, says a report.
Saudi Arabia will account for the second largest sh
Kuwait's stock market suffered a blow to its prestige last year when global index compiler MSCI decided to upgrade Qatar and the UAE, leaving Kuwait languishing in a lower category. Being left behind may prove profitable for investors in Kuw
A decade of improvement in emerging market credit ratings is coming to an end as higher borrowing costs and commodity price falls threaten to lay bare many countries' failure to reform during the good times.
Qatar Exchange has welcomed the decision of MSCI, a global financial institution and provider of investment tools, to upgrade the Qatari market from a Frontier Market to Emerging Market.
It noted that this decision is a positive s
Dubai's bourse made its largest one-day drop in 15 months and Abu Dhabi's measure also fell as investors cut their market exposure ahead of a decision by index compiler MSCI on whether to upgrade the UAE to emerging market status.
Economic prospects for oil-exporting economies in the GCC look healthier over the next few years than in the initial phase of the global financial crisis in 2008-2009, says a report published by Standard & Poor's.
The report, titled "R
French drugmaker Sanofi posted better-than-expected quarterly results, bolstered by strong emerging markets, breaking with a trend of earnings misses by European rivals AstraZeneca and GlaxoSmithkline.
Sanofi performed strongly in Chi
Low market liquidity in the UAE and Qatar's failure to raise foreign ownership limits threaten to deny MSCI emerging market status to the Gulf neighbours for a third time on Wednesday.
Index provider MSCI rates both the UAE and Qatar a