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Wednesday, 15 June 2011

Gulf states keen to achieve 'emerging market' status - The National

There is growing anticipation in the financial communities of Dubai, Abu Dhabi and Doha over next week's decision by MSCI, the investment services provider of the investment bank Morgan Stanley, about "emerging-market" status.

MSCI is to decide whether the UAE and Qatar should be elevated from the ranks of "frontier markets", where they currently lie, to the category of emerging markets.

In the former, they keep company with Bangladesh, Mauritius and Slovenia; if they get elected to the latter, they will be in Bric-land, alongside such global economic giants as Brazil, Russia, China and India.