June 21, 2011 / 9:23 PM / 7 years ago

MSCI delays decision on Qatar, UAE upgrade to Dec

NEW YORK, June 21 (Reuters) - 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 states.

    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.

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below