Qatar and the UAE have failed to meet key requirements to be upgraded to emerging market status, potentially denying the lackluster markets access to multibillion-dollar liquidity.
Influential index compiler MSCI will announce its verdict in June and may snub the two countries for a third time, with Qatar failing to raise foreign ownership limits and UAE bourses yet to say when they will switch to a new settlement system.
Low trading volumes and regional unrest are also dampening prospects for Qatar and the UAE to be raised from frontier markets.
UAE has lots of talent but the lack of government polices takes UAE economy to the edge of destruction. Not only Qatar but all Islamic countries have trapped badly in economic recession. All foreign countries are interested in their progress but still Dubai government is trying to resolve this recession.
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