Qatar, UAE about to get major investment upgrade - May. 29, 2014

Qatar, UAE about to get major investment upgrade - May. 29, 2014:



"

Think of Qatar and what probably comes to mind is the 2022 World Cup. For the United Arab Emirates, many Westerners likely think of Dubai, the world's tallest building or the setting for the film "Sex and the City 2".



But these two Persian Gulf countries are starting to make a name for themselves for their economies and stock markets.



Both countries will soon be upgraded to "emerging market" status, a step up from their classification as "frontier markets," a demarcation that's not too far off from the Wild West of the investing world.



The change in status by the MSCI will put Qatar and the UAE in the same league as countries like China and Brazil. It will also likely increase the flow of American investment dollars into these Gulf states."



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