The UAE, which accounts for 4.1% of JPMorgan’s global diversified EM bond universe, will make its exit in four equal decrements beginning March 31, the New York-based bank said in a statement. The country will also fully leave the euro-denominated bond grouping — where it has a 1% weight — on March 31. The growing riches of Middle Eastern countries have contrasted with their developing-market status in recent years, pushing JPMorgan to remove Kuwait and Qatar from its EM bond indices last year. That spread, which represents the extra yield investors demand to own EM bonds rather than US Treasuries, stood at 247 basis points on Monday. The spread on UAE bonds is currently about 65 basis points.

Source: The Edge Markets February 24, 2026 13:26 UTC