Saudi Stock Exchange is now on MSCI Emerging Market Index Watch List

Wednesday, 21 June 2017

The Saudi Stock Exchange (Tadawul) has announced on Tuesday that it has been named by index compiler MSCI to be on the organization’s Emerging Market Index Watch List. “Saudi Arabia’s addition to the MSCI Watch List is an important milestone for Tadawul, and reflects the Kingdom’s significant progress in capital market reform in support of Vision 2030,” Market Watch quoted Sarah Al-Suhaimi, Chairperson of Tadawul, as saying. She added: “Potential inclusion in ...

Morgan Stanley index prepares for Saudi bourse inclusion, says report

Friday, 12 May 2017

Saudi Arabia is prepared to ease regulations limiting foreign investment in the country’s stock market ahead of the much-anticipated Saudi Aramco initial public offering next year, according to the Financial Times. It quoted Khalid al-Hussan, chief executive of Tadawul, the Saudi bourse, as sayins he expects it to be selected for potential inclusion into the influential MSCI emerging markets stock index in June, with formal entry to follow a year later. It added that to ensure foreign ...

Saudi advisory council to discuss land tax, MSCI inclusion

Thursday, 29 October 2015

The council will also discuss a report by the stock market regulator on trying to have the Saudi market join MSCI’s emerging markets index

MSCI to launch Saudi Arabia, GCC indexes on June 1

Friday, 8 May 2015

So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market

Egypt’s economic woes deepen as Mursi marks one year in office

Sunday, 30 June 2013

One year after President Mohammed Mursi came to office, foreign investors are still waiting for reassurances it is safe to return to Egypt as many grow increasingly concerned about the economy. Cairo’s stock market was today braced for the worst, amid fears of renewed violence following days of anti-Mursi protests in which several people were killed and hundreds wounded. The economic woes of the Arab world’s most populous nation have deepened since Mursi took power 12 months ago, ...

Qatar, UAE shares jump – but full benefits of MSCI move expected in 2014

Thursday, 13 June 2013

Shares listed in the UAE and Qatar rose yesterday after MSCI granted the countries coveted ‘emerging market’ status – but commentators said it will be a year until the full benefits of the decision are felt. The Dubai Financial Market index leapt by 1.5 percent, while shares in Abu Dhabi and Qatar notched up 2.6 and 1.7 percent respectively. Yet the forecast $800 million inflow into the three stock markets is not likely to start until late May 2014, when MSCI will officially ...

FTSE Group opens Dubai office in Mideast push

Wednesday, 12 June 2013

 FTSE Group, a British provider of indexing and analytical solutions, has opened offices in the Dubai International Financial Centre, the DIFC said yesterday. The group intends to use the new headquarters as a hub for expanding its Middle Eastern and African business. The office marks its 13th across Asia Pacific, Europe and the Americas. “FTSE already works closely with domestic exchanges, market authorities and asset managers in the Middle East and Africa to support the development ...

MSCI details weights of Arab markets in indexes

Wednesday, 12 June 2013

Qatar’s stock market will have a 0.45 percent weight in the MSCI Emerging Markets Index and the United Arab Emirates, 0.4 percent, an official of index compiler Morgan Stanley Capital International said on Wednesday. Remy Briand, managing director and global head of index research at MSCI, was speaking on a conference call after MSCI said earlier that it was upgrading Qatar and the UAE to emerging market from frontier market status, effective next May. Greece, which was downgraded to ...

Investment set to flood in as UAE, Qatar win ‘emerging market’ status

Wednesday, 12 June 2013

The UAE and Qatar have been upgraded to emerging-market status by MSCI, in a long-awaited move forecast to see about $800 million of investment flow into the two countries. MSCI, which allocates classifications according to factors like economic development and bourse trading volumes, reclassified the two countries' markets late last night. The countries were previously classed as frontier markets, but had long expected to win upgrades. The reclassification is expected to take effect in May 2014 ...

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