"The UAE and Qatar will see a gradual surge in foreign investment inflows of up to $3 billion if they get elevated to the emerging market status tomorrow, investment managers said.
The UAE and Qatar are for a fifth year under consideration by MSCI, whose gauges are tracked by investors managing about $7 trillion, for reclassification from frontier-market status to emerging market.
“The eagerly-awaited verdict, which is to be announced on June 11, will have a major impact on the two GCC countries’ market dynamics. An upgrade to emerging market status will sure open the floodgates of foreign investments,” said a Doha-based investment manager."
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