Delta Partners fund makes first $100m closingDelta Partners Capital has announced the first closing of its Emerging Markets TMT Growth Fund II with aggregate capital commitments of $100 million. More… |
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Emerging market growth will boost GCC statesEconomic prospects for oil-exporting economies in the GCC look healthier over the next few years than in the initial phase of the global financial crisis in 2008-2009, says a report published by Standard & Poor's. The report, titled "R More… |
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Sanofi strong in emerging markets as rivals flagFrench drugmaker Sanofi posted better-than-expected quarterly results, bolstered by strong emerging markets, breaking with a trend of earnings misses by European rivals AstraZeneca and GlaxoSmithkline. Sanofi performed strongly in Chi More… |
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MSCI upgrade for UAE, Qatar doubtfulLow market liquidity in the UAE and Qatar's failure to raise foreign ownership limits threaten to deny MSCI emerging market status to the Gulf neighbours for a third time on Wednesday. Index provider MSCI rates both the UAE and Qatar a More… |
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Asia stocks fall as G20 gets cool responseAsian stocks slid to a 16-month low and emerging market currencies fell on Friday amid fears that the developed world is stumbling back into recession, while a pledge from the G20 to preserve financial stability left investors largely unimpressed. More… |
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UAE classified emerging market by RussellThe UAE has been classified as an Emerging Market by Russell Investments, the leading global fund manager, following the annual reconstitution of its global indices. Russell’s classification of the UAE as an Emerging Market remains differe More… |
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S&P mulls 'emerging' status of UAE, QatarThe United Arab Emirates, Qatar and Jordan are under review for a potential upgrade to an emerging market status by Standard & Poors, an executive said, a coveted status seen boosting foreign fund inflows to the region. The countries a More… |
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MSCI delays decision on UAE, Qatar marketsInfluential index complier MSCI has extended its review of the UAE and Qatar for emerging market status to December saying it will wait for market participants to provide feedback on the systems implemented before making its decision. More… |
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Top Credit Agricole banker to join UBSSwiss bank UBS has poached Credit Agricole's top Middle East and Africa investment banker for a senior job at its emerging markets wealth management division, a banking source said. Albert Momdjian, who joined Credit Agricole in 2006, had More… |
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Qatar exchange committed to market upgradeQatar is committed to earning an emerging market status from influential index complier MSCI, the chief executive of the country's financial markets authority said on Tuesday. MSCI will announce its verdict in June, but Qatar has so far fa More… |
