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Within Arab world, promotion of Palestine to Frontier market status will be implemented in conjunction with the rescheduled annual review of the FTSE Frontier Index in September 2016.

Qatar stocks will be promoted from Frontier to Secondary Emerging next year while Saudi Arabia and Kuwait markets will join the Watch List for possible addition to Secondary Emerging market status, the global index provider FTSE Russell said in a statement.

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Qatar said in April that it planned to set up an office for its sovereign wealth fund in New York as it scouts for deals in the US

Qatar plans to invest $35 billion in the US over the next five years as the world's richest country on a per capita basis diversifies from Europe and Asia.

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