Moreover, companies with foreign ownership
in the service sector, the financial sector, and industrial sectors have the highest medians of foreign ownership
ratios, while companies with foreign ownership
in the agricultural and construction sectors show the lowest levels.
MSCI, whose gauges are tracked by investors managing about $7 trillion, said last year that foreign ownership
limits in Qatar and operational frameworks in the UAE needed revising.
While most of the investors are looking for a new that allow further foreign ownership
of companies in the UAE, this article has been excluded and completed to be discussed in more detail in the new Foreign Investment Law, he added
Minister of Economy, HE Sultan Bin Saeed Al Mansoori has confirmed that existing laws restricting foreign ownership
to 49% could be relaxed under the new UAE Companies Law, the biggest overhaul of the legislation in 30 years.
Sydney Airport is not a 'Foreign Person' - the term used to describe a foreign ownership
situation - under the Australian Airports Act of 1996, as long as foreign ownership
of Sydney Airport is below 40%.
MSCI did not express any particular concern over foreign ownership
limits in the UAE, which recently introduced a companies' law that allows the UAE Cabinet to issue a resolution permitting firms in certain sectors to increase the amount of capital available to overseas investors.
NORTH-EAST businesses are predicting a mixed decade to come, coupled with an increase in foreign ownership
, according to a new survey.
Qatar is in talks with individual firms to raise foreign ownership
limits yet is not planning a blanket increase despite a requirement by index compiler MSCI, a Doha bourse official told the press.
These requirements include raising foreign ownership
limits, introducing stock borrowing and lending and short selling, plus creating a deeper derivatives market, Singer added.
Summary: The United Arab Emirates has no plans to raise the 49 percent foreign ownership
limit for listed companies, an Economy Ministry official said, raising fears the country might miss an upgrade to its status by index compilers.
Bassil told the Beirut daily that there were "heated discussions", and that his bloc believed that foreign ownership
should be limited to "specific cases and conditions" that surely do not involve profit-centric real estate investment.
Our empirical analyses reveal a pronounced foreign ownership
effect, whereby stocks with high foreign ownership
outperform stocks with low foreign ownership