by admin
December 16, 2011
Dubai stocks today declined 1.3 percent, the steepest slide in 6 weeks, after stock exchanges in the UAE and Qatar failed to receive an upgrade from “frontier” to “emerging market” status. MSCI, the Swiss company that creates and tracks the indexes, will review the status again this summer. The failure to upgrade comes as a [...]
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by admin
December 14, 2011
The UAE and Qatari stock exchanges will find out later today (2300 GMT) if they will be “promoted” from index compiler MSCI’s “frontier” market index to the “global emerging market” index. The upgrade would be welcome news to both markets, although they would have a relatively small impact on the emerging market index which is [...]
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