No plans to raise foreign ownership limits in UAE
Dubai - Arabstoday
The UAE economy minister yesterday said there are no plans to raise foreign ownership limits for listed companies in the UAE, a stance that could jeopardise a potential upgrade to emerging market status by index compiler MSCI. "No, not yet," Sultan Bin Saeed Al Mansouri said, when asked if there were plans to allow foreign investors a greater share of stocks. "We need to see what serves the country and the economy," Al Mansouri said, adding that it may be studied in the future. He didn't specify a timeline. MSCI will announce the results of its 2011 annual market classification review on Tuesday. Many analysts have said the UAE needs to relax its current foreign ownership rules to give it a better of chance of clinching the MSCI upgrade. From / Gulf News
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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