NEW YORK, June 21 Index provider MSCI on
Tuesday delayed to December its decision on whether Qatar and
the United Arab Emirates should be classified as emerging
markets, a promotion eagerly awaited by the two Gulf Arab
South Korea and Taiwan, which were on review for a
potential upgrade to developed market status, will remain
classified as emerging markets at least until next year's
review, MSCI (MSCI.N) said in a statement.
Qatar and the UAE have been under review for a promotion
from their frontier market status for the past two years, but
issues such as stringent foreign ownership limits and use of
dual account structures have been delaying the move.