Qatar, China Top Ranking of Frontier and Emerging Markets - Bloomberg:
"Amer Khan says he could sense a stock market rally in late 2012 just from the street scene in Dubai, the financial capital of the United Arab Emirates. Tourists were once again jostling for a spot from which to watch the dancing fountains that adorn the downtown area. Recurring traffic jams, increasing retail sales and a rise in airport passengers were other signals for Khan, the senior executive officer at Dubai-based Shuaa Asset Management.
“The signs in the economy were visible before the market took off,” says Khan, whose firm had 780 million dirhams ($212 million) under management at the end of September. “We waited for the pop and eventually it happened.”
Dubai’s benchmark stock index, in the doldrums for two years, rose 117 percent in 2013, including reinvested dividends, leading the world, Bloomberg Markets magazine will report in its March issue. That helped Khan’s Arab Gateway Fund, which invests throughout the Middle East and North Africa, return 39 percent."
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