S&P Dow Jones to Upgrade Qatar and UAE to Emerging Market Status

S&P Dow Jones to Upgrade Qatar and UAE to Emerging Market Status

Through a Press Release on October 31st, 2013- International equity index compiler S&P Dow Jones Indices has announced the country classification consultation results within which Qatar and the United Arab Emirates have been upgraded from Frontier Markets to Emerging Markets with effect as of September 2014.

It cited Qatar's efforts to raise foreign ownership limits for stocks, though the limits were still below the levels of most emerging markets, as well as reforms to settlement systems and trading facilities. The UAE's current foreign ownership limit of 49 percent is satisfactory and there is an expectation that it will be relaxed in coming years, S&P Dow Jones said.

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