A final frontier worth $5 billion - The National Newspaper
Sometimes the difference between two words can be worth billions, or at least US$5 billion (Dh18.36bn) by one estimate.
It has been almost a year since the Gulf equity markets came close to being upgraded from “frontier market” to “emerging market” status.
They fell short last year in the MSCI Barra review in June and the jury is still out on whether they have made enough improvement since then to merit the higher grade.
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