UAE and Qatar set for a new challenge after MSCI markets upgrade | The National

UAE and Qatar set for a new challenge after MSCI markets upgrade | The National:



"When it kicks in operationally in May, the upgrade of the stock exchanges of the UAE and Qatar to emerging market status will mark a long-awaited milestone for both nations – exposing them to billions of dollars of assets under management from across the world.



But it will also be a milestone for the listings body MSCI. This country and Qatar are the first markets to be upgraded from frontier to emerging since the former status was established in 2007. In this way, the Dubai Financial Market (DFM), Abu Dhabi Stock Exchange and Doha Securities Market are trailblazers.



There has been much speculation on how the upgrade will affect the markets of Dubai, Abu Dhabi and Doha but on the surface the numbers look good. While MSCI Frontier attracts US$2.7 billion worth of funds, MSCI Emerging tracks some $1.4 trillion and the UAE and Qatar will now be ranked alongside such economic giants as Brazil, Russia, India and China."



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