Quotes: US 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


 






  MENA News Headlines
 Jul 26 2014 - The Special Envoy for the Sahel concludes her official tour in EuropeMENAFN Press
(MENAFN Press) DAKAR Sénégal July 26 2014/African Press Organization (APO)/ -- The Special Envoy of the Secretary-General of the United Nations for the Sahel Mrs. Hiroute Guebre Sellassie concluded ...

 Jul 26 2014 - Threat of Famine Looms in South SudanMENAFN Press
(MENAFN Press) WASHINGTON July 26 2014/African Press Organization (APO)/ -- Press Statement John Kerry Secretary of State Washington DC July 25 2014 South Sudan now faces the worst food ...

 Jul 26 2014 - U.S. Dismayed by Harsh Sentence for Swazi Human Rights Lawyer and JournalistMENAFN Press
(MENAFN Press) WASHINGTON July 26 2014/African Press Organization (APO)/ -- Press Statement Marie Harf Deputy Department Spokesperson Office of the Spokesperson Washington DC July 25 2014 The ...

 Jul 26 2014 - U.S. Applauds Signing of Roadmap for Mali Peace TalksMENAFN Press
(MENAFN Press) WASHINGTON July 26 2014/African Press Organization (APO)/ -- Press Statement Marie Harf Deputy Department Spokesperson Office of the Spokesperson Washington DC July 25 2014 The ...

 Jul 26 2014 - Remarks With UN Secretary-General Ban Ki-moon Egyptian Foreign Minister Sameh Shoukry and Arab League Secretary General Nabil al-ArabyMENAFN Press
(MENAFN Press) WASHINGTON July 26 2014/African Press Organization (APO)/ -- Remarks John Kerry Secretary of State Cairo Egypt July 25 2014 FOREIGN MINISTER SHOUKRY: (Via interpreter.) Good ...

 Jul 26 2014 - TAQA quits USD1.6b power plant deal with IndiaMENAFN
(MENAFN) Abu Dhabi National Energy (TAQA) backs off of a USD1.6 billion deal to buy two hydroelectric power plants from Indian Jaiprakash Power Ventures, Gulf Daily News reported.TAQA told Jaiprakash ...

 Jul 26 2014 - Dubai's Aramex profit up 12 percent in Q2MENAFN
(MENAFN) Dubai logistics firm Aramex reported a 12 percent rise in second-quarter net profit, driven by growing revenue in its core Gulf market, Gulf Daily News reported.According to a bourse filing, ...

 Jul 26 2014 - Qatar's Barwa second-quarter losses hit USD11.8mMENAFN
(MENAFN) Barwa Real Estate, Qatar's largest listed property developer, has registered an USD11.8 million net loss in the second quarter, Gulf Daily News reported.The second-quarter drop was compared ...

 Jul 26 2014 - KOC signs three USD2.34b worth contractsMENAFN
(MENAFN) The Kuwait Oil Company (KOC) signed contracts worth USD2.34 billion to build three collection centers in the company's areas of operations, QNA reported.KOC's first contract, worth USD685 ...

 Jul 26 2014 - McDonald's Japan halts sales of Chinese chicken after scandalArab News
(MENAFN - Arab News) KYO: McDonald's said Friday that its restaurants in Japan had stopped selling products made with chicken from China in a marked widening of a scandal that saw expired meat sold ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help