{"id":36133,"date":"2019-03-19T00:22:27","date_gmt":"2019-03-19T00:22:27","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=36133"},"modified":"2019-03-19T00:22:27","modified_gmt":"2019-03-19T00:22:27","slug":"saudi-arabia-joins-emerging-market-indexes-giving-it-access-to-billions-of-dollars-2","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=36133","title":{"rendered":"Saudi Arabia joins emerging market indexes, giving it access to billions of dollars"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">New York (CNN Business)<\/cite>Saudi Arabia has officially been elevated to an emerging market, a milestone that should steer billions of dollars into the country&#8217;s stock market as the kingdom seeks to diversify away from oil.<\/p>\n<div class=\"zn-body__paragraph speakable\">Saudi stocks joined the FTSE Russell Emerging Markets Index <a href=\"https:\/\/www.prnewswire.com\/news-releases\/saudi-arabia-inclusion-to-ftse-russell-and-sp-dow-jones-into-emerging-market-indices-300813730.html\" target=\"_blank\">on Monday<\/a>, beginning a process that was<a href=\"https:\/\/www.ftse.com\/products\/downloads\/FTSE_Interim_Country_Classification_Review_2018.pdf\" target=\"_blank\"> first announced last year.<\/a> The kingdom&#8217;s stock market was also added to several emerging market and global benchmarks run by S&#038;P Dow Jones.<\/div>\n<div class=\"zn-body__paragraph speakable\">In May, Saudi Arabia will join the even more closely-followed <span>MSCI Emerging Markets Index<\/span> <span>(<span class=\"inlink_chart\"><a href=\"https:\/\/money.cnn.com\/quote\/etf\/etf.html?symb=EEM&#038;source=story_quote_link\" class=\"inlink\">EEM<\/a><\/span>)<\/span>. <\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Saudi Arabia has officially been elevated to an emerging market, a milestone that should steer billions of dollars into the country&#8217;s stock market as the kingdom seeks to diversify away from oil.Saudi stocks joined the FTSE Russell Emerging Markets Index on Monday, beginning a process that was first announced last year. The&hellip;<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-36133","post","type-post","status-publish","format-standard","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/36133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36133"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/36133\/revisions"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}