Wednesday, May 16, 2012
0712 GMT [Zawya Dow Jones]--The U.A.E. and Qatar will likely attract significant capital flows in additional foreign investment should they be upgraded to emerging market status by MSCI this June, says Peter Gotke, vice president at BNY Mellon. Reckons the U.A.E. will likely be upgraded to emerging market status. "With more and more foreign investors looking to buy and sell in the UAE, clearly the newly implemented delivery versus payment (DVP) system, introduced as part of the MSCI criteria, has now been more fully tested." Says whilst Doha's stock market has not shown the same incredible growth enjoyed in the past few years, Qatar still remains on top of most foreign investors' list of investable markets in the Mena region. "Of course, investors would like to see increased foreign ownership limits and opportunities to buy into the resource sector but it is unclear if this will change in the short term." (nikhil.lohade@dowjones.com)
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
16-05-12 0721GMT
