Qatar’s Barwa Real Estate with new CEO
The Qatar Exchange 20 Index dipped by another 0.42 per cent to 12,734.15 points on Tuesday, May 20. Earlier in the day, Michael Levy, Investment Manager at Baring Asset Management said the effect on the MSCI Emerging Markets Index is likely to be modest, with a probable weighting of just over 1% for the Qatar and the United Arab Emirates when they enter the index in June. At the margin, however, we may start to see more institutional investors entering these markets as a consequence of the change, which should be positive for the longer term development of the region. The shares of Barwa Real Estate added slightly to hit QAR38.90. Earlier in the day, the developer said in a filing to the market its board of directors assigned of Dr. Ahmad Abdulla Ali Al Abdulla Acting Chief Executive Officer for the group as of May 19 2014, following the resignation of former Group CEO Eng. Abdulla Al Subaie.