The UAE will allow foreign ownership of companies in selected areas of the economy, as already 17- free zones operating in the country allowed 100 per cent ownership, said Abdullah Salem Al Turifi, chief executive of Stocks and Commodities Authority.
Talking to media, at his office, he denied that foreign ownership rules are obstacle, to the winning the Emerging Market status on MSCI Index from the Frontier Market status, which the nation already have attained.
“We are waiting for their review, in June, this year, as we’ve fulfilled all their (MSCI) requirements,” the chief executive said.
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