"Last month, UAE markets corrected in line with global equities on concerns of tapering of the US bond repurchase programme and weak data coming out of emerging economies.
According to the World Equity Index Rankings by Bloomberg, as of the end of June, Dubai - up 39.2 per cent - is ranked third and Abu Dhabi - up 35.48 per cent - is ranked fourth among primary world indexes by US dollar adjusted year-to-date performance.
On June 11 the UAE and Qatari markets were upgraded to emerging market status by the international index provider MSCI, and this will become effective next year."
'via Blog this'
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