UAE companies Adnoc Gas, Salik and Dewa are among new entities set to be included in the MSCI Emerging Markets Index next month, in a move that is expected to help them broaden their investor base.
The additions will take effect after markets close on Friday, May 30, MSCI said on Tuesday.
MSCI's Emerging Markets Index is tracked by investors managing trillions of dollars in assets. The benchmark is designed to measure the performance of large and mid-cap stocks across 24 emerging markets and has more than 1,320 constituents.
Index inclusion usually supports increased liquidity for a company’s shares and can help to attract more regional and global institutional investors.
Along with Adnoc Gas, Dubai toll operator Salik and the Dubai Electricity and Water Authority were among the 30 new additions globally to the MSCI index.
Adnoc Gas is the third Adnoc company to be admitted to the index, after the inclusion of Adnoc Distribution and Adnoc Drilling.
The inclusion will help Adnoc Gas to "improve passive cash inflows by between $300 million to $500 million and facilitate a more diversified investor base", the company said in a statement on Wednesday to the Abu Dhabi Securities Exchange, where its shares are traded.
“The recent $2.84 billion marketed offering, which increased the company’s free float by 80 per cent, has already led to a six-fold rise in average daily trading volume, and we are confident that our continued strategic focus on growth will deliver further value for shareholders through 2025 and beyond,” said Fatema Al Nuaimi, chief executive at Adnoc Gas.
Adnoc Gas, which operates across the gas value chain, from processing to the sale of products to domestic and international customers, has customers in more than 20 countries. It meets about 60 per cent of the UAE’s gas needs.
The company, which reported a 7 per cent year-on-year increase in net income for the first quarter of 2025, aims to invest $15 billion in attractive opportunities from 2025 to 2029, it said.
Meanwhile, Salik said its inclusion in the index follows the execution of its updated strategy since its implementation last year, enabling it to meet the necessary market capitalisation, free float-adjusted market capitalisation and liquidity requirements.
“MSCI’s UAE Index offers global investors ease of access and a compelling opportunity to capitalise on the UAE’s thriving equity market," said Ibrahim Al Haddad, chief executive of Salik.
The company's net profit for the first quarter increased 33.7 per cent year-on-year to Dh370.6 million ($100.91 million), while revenue also rose 33.7 per cent to Dh751.6 million.
In the first three months of 2025, the toll operator said it recorded 210.8 million trips, up 35 per cent annually, as the number of vehicles on the roads in Dubai also rose.
It has launched two new toll gates in Dubai, taking the total number to 10 and introduced dynamic pricing, which is expected to drive additional revenue for the business, Salik said on Wednesday.
"Alongside core tolling, Salik is expanding ancillary revenue streams including parking solution partnerships with Emaar Malls and Parkonic, and a first-of-its-kind insurance partnership with Liva," it added.
Dewa's inclusion in the index "reinforces our growing relevance on the global investment stage", Saeed Al Tayer, vice chairman, managing director and chief executive of Dewa, said.
Dewa, the largest listed company on the Dubai Financial Market with a market capitalisation exceeding Dh130 billion, reported a 23 per cent drop in annual profit for the first quarter to Dh497.8 million, despite posting a 3 per cent rise in revenue.
"As a new constituent, Dewa is expected to benefit from increased visibility, enhanced trading liquidity and passive inflows from index-linked investment products," the utility said.
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
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Results
Stage 5:
1. Jonas Vingegaard (DEN) Team Jumbo-Visma 04:19:08
2. Tadej Pogacar (SLO) UAE Team Emirates 00:00:03
3. Adam Yates (GBR) Ineos Grenadiers
4. Sergio Higuita (COL) EF Education-Nippo 00:00:05
5. Joao Almeida (POR) Deceuninck-QuickStep 00:00:06
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates 17:09:26
2. Adam Yates (GBR) Ineos Grenadiers 00:00:45
3. Joao Almeida (POR) Deceuninck-QuickStep 00:01:12
4. Chris Harper (AUS) Team Jumbo-Visma 00:01:54
5. Neilson Powless (USA) EF Education-Nippo 00:01:56
UAE currency: the story behind the money in your pockets
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
