Dubai: Fortress Investments said on Monday it expects huge inflows into the UAE financial markets, specifically Abu Dhabi Securities Exchange and Dubai Financial Market, after UAE’s indices are officially reclassified by New York’s Morgan Stanley Capital International (MSCI) as “Emerging Markets” in May 2014.
According to Hamed Mokhtar, the company’s managing director, the upgrade will “help boost liquidity and attract more investors to the country, as UAE serves as the financial hub of the MENA region”.
This major upgrade will significantly boost the financial standing of both markets, the company stated.
