Analysis: Good news in the GCC markets | The National:
"News from GCC countries was mostly upbeat last month. Qatar and the UAE were promoted by MSCI to emerging-market status. Qatar also decided to raise the ceiling on foreign ownership of Qatari companies, while Dubai liberalised rules for equity listings.
Economic indicators for the UAE remained very strong, with the purchasing managers’ index (PMI) rising from 57 in April to 58.3 last month, the highest level recorded in the country. Saudi Arabia also recorded some of the highest PMI readings in the world.
In keeping with large-scale infrastructure spending in other areas, a multibillion-dollar programme of spending on education was announced in Saudi Arabia."
'via Blog this'
No comments:
Post a Comment