UAE gets emerging market status | GulfNews.com:
"Global markets index provider MSCI late on Wednesday officially reclassified the MSCI United Arab Emirates (UAE) and MSCI Qatar Indexes from Frontier Markets to Emerging Markets, coinciding with the May 2014 Semi-Annual Index Review.
As part of the May 2014 Semi-Annual Index Review, there are no additions and one deletion from the MSCI UAE Index, resulting in nine constituents. The nine companies in the UAE Index are Abu Dhabi Commercial Bank, Aldar Properties, Arabtec, DP World, Dubai Financial Market, Dubai Islamic Bank, Emaar Properties, First Gulf Bank and National Bank of Abu Dhabi.
The MSCI UAE Index has a pro forma weight of 0.58 per cent in the MSCI Emerging Markets Index, based on data as of April 17, 2014."
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