Abu Dhabi Securities Exchange (ADX) today announced that the Global index provider, FTSE Group (“FTSE”) has finalised its annual review of country classification for the FTSE Global Equity Index Series (GEIS) and confirmed that the UAE is to be promoted to Secondary Emerging market.
Tom Healy, ADX Chief Executive said, “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 cooperate with the FTSE Group in communicating progress back to the international investment community.” /p>
Jonathan Cooper, Middle East and Africa Managing Director for FTSE Group said “The UAE’s inclusion as a Secondary Emerging market to 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.”