UAE moves up in FTSE ranking

Abu Dhabi Securities Exchange (ADX) yesterday hailed the inclusion of the UAE to secondary emerging market by the Global index provider, FTSE Group.

The group has finalised its annual review of country classification for the FTSE Global Equity Index Series (Geis).

"We are delighted that the UAE will be promoted to the new designation within FTSE Global Equity Index Series. ADX fully supports the Geis initiative and will co-operate with the FTSE Group in communicating progress back to the international investment community," said Tom Healy, ADX Chief Executive.

"The UAE's inclusion as a secondary emerging market on the Global Equity Index Series is a great achievement. It is proof of the commitment that has been undertaken by the exchanges to achieve international recognition and to facilitate access for international investors. FTSE is proud to announce this decision which will bear considerable weight in creating further visibility of the region across international markets," said Jonathan Cooper, Middle East and Africa Managing Director for FTSE Group.

 

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