LATEST NEWS

PGIM plans first Middle East office

PGIM, the asset management arm of US-based Prudential Financial Inc., has announced plans to move into the Middle East, though has not specified which country their office will be in. The firm, which has more than US$1.3 trillion in assets...

Turkish investment app Midas raises $45m

An investment app focused on retail investors in Turkey has pulled in US$45 million after completing its latest funding round. Istanbul-based startup Midas stated that...

CFI Financial Markets names CEO

UAE-based investment broker CFI Financial Markets has named Jareer Hiary as chief executive. He succeeds Nidal Abdelhadi who is leaving the firm to pursue his...

Saudi funds AuM reached $33bn in Q4

The assets of foreign and domestic investment funds in Saudi Arabia grew by 5% in Q4 to reach US$33 billion. Local assets, which grew by...

Saudi Arabia launches investment apprenticeship scheme

The Saudi Central Bank has opened registration for the latest edition of its Investment Immersion Program (IIP), an apprenticeship scheme aimed at local investment...

ADQ acquires stake in Alpha Dhabi construction subsidiary

Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Alpha Dhabi Construction Holding (ADCH). Parent company Alpha Dhabi Holding (ADH) will retain...

Digital assets hedge fund launches in Abu Dhabi

Triton Liquid, a hedge fund specialising in digital assets, has secured in-principle approval from the Abu Dhabi’s Financial Services Regulatory Authority (FSRA). The firm was...

OUTSOURCING

Transitioning to a new financial services provider can be a daunting prospect, but our research indicates that priorities around technology and scalability are increasingly driving managers to switch.

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INSIGHTS

A growing universe of emerging market debt

Emerging market debt (EMD) is often considered a homogenous block, but within this seemingly uniform landscape lies a very large opportunity set. Understanding the nuances within the hard and local currency segments of the EMD universe are...

Climate finance: Why green initiatives are soaring in the Middle East

From a standing start 15 years ago, the market in green bonds has reached $2 trillion. The Middle East, meanwhile, is on the course to becoming one of the world’s most influential renewable-energy regions. The milestone figure was...

Interview: Saudi Arabia advances women and youth, says CEO

A year into her role as Saudi Arabia head for Northern Trust asset servicing, Kholoud Al Dosari talks to Laraib Shahid about diversity in the Kingdom. It’s almost a year since Kholoud Al Dosari was appointed to the...

Sponsored feature: Cryptos gaining ground in the Middle East

Between 1 January 2021 and 30 October 20211, the market capitalisation of cryptocurrencies tripled. That's when Bitcoin surpassed the famous $60,000 threshold. Unfortunately, the first eight months of 2022 wiped out this dramatic rise. The recent "incident"...

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CLIMATE INVESTING

BNY Mellon wins Lunate fund admin mandate

Lunate Capital, the Abu Dhabi-based alternative fund manager, has selected BNy Mellon as its fund administrator. US-based asset servicer BNY Mellon will provide global custody,...

UAE climate fund to invest $250bn by 2030

Alterra, the US$30 billion climate fund launched during the COP28 climate conference, is set to mobilise $250 billion of funds by 2030, according to...

Mashreq preps carbon offsetting platform

Oman-based Mashreq is the latest financial institution in the Mena market to take a step into the carbon trading market. The firm has signed a...

Cop28: All eyes on finance and climate action

From the usual suspects to lesser-discussed challenges and untapped opportunities, fund managers await Cop28 to unfold, writes Piyasi Mitra.  As the countdown to Cop28 commences, with...