Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE Qatar poised for S&P Dow Jones upgrade  Join our daily free Newsletter

MENAFN - Khaleej Times - 17/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Bourses in the uae and qatar are poised to get another key boost in september 2014 when international equity index compiler s&p dow jones indices will formally reclassify both countries as emerging markets.

s&p dow jones indices move announced in october 2013 is line with the current move by index provider msci to rope in both countries to emerging market category an upgrade that stock market analysts believe could trigger foreign investment inflow of between 2.5 billion and 15 billion to the region over the next few years.

s&p dow jones indices has cited the uae’s current foreign ownership limit of 49 per cent as satisfactory and noted that there is an expectation that it would be relaxed in coming years.

the index compiler has noted qatar’s efforts to raise foreign ownership limits for stocks though the limits were still below the levels of most emerging markets as well as reforms to settlement systems and trading facilities.

“egypt and morocco will remain emerging markets while bahrain kuwait and oman will keep their status as frontier markets and saudi arabia will stay classified as a “standalone market” s&p dow jones indices has said in a statement.

some fund managers use s&p dow jones index as investment benchmarks. investment managers believe that it remains a priority that both the uae and qatar continue to attract institutional foreign investment for stability for region. the uae could also see an increase in international investment should plans for the new investment law which contains legislation allowing foreigners full ownership of companies in industries that could potentially benefit the country’s economy be passed before the year-end.

— issacjohn?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help