Friday 27 February 2015

Next big step for UAE markets to raise their profile | The National

Next big step for UAE markets to raise their profile | The National:



"The authorities are rightly proud of last year’s upgrade of the UAE to emerging market by MSCI. Now the country should set its sights on the next visionary milestone: to become a developed market. There are good reasons to think this is possible within the next decade.



The UAE is the de facto capital of the Arab world. It is the trading, travel, logistics and banking centre of a regional market that is home to 350 million people. It is a diplomatic and defence powerhouse. It is the place most Arabs want to live, and the top tourist destination. It can and should aspire to become the benchmark and market of choice.



So how would we get there?"



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