Kuwait, Qatar, UAE: Still Frontier Markets (Re-post)

MSCI has finally concluded less than a week ago that they will not promote Kuwait, Qatar and UAE from an MSCI Frontier Market classification to an MSCI Emerging Markets classification. Qatar and UAE will still be on the list for a possible reclassification, while Kuwait has been dropped out of the list altogether!

Here is part of the MSCI review:

UAE: MSCI will maintain the MSCI UAE Index within Frontier Markets. The MSCI UAE Index will remain under review for a potential reclassification to Emerging Markets as part of the 2010 Annual Market Classification Review.

Market participants have welcomed the improvements implemented by the Emirati regulator that contributed to a further alignment of the country’s operational framework with international standards.