LATEST NEWS

UAE launches sustainability reporting rules

Financial supervisors in the UAE have launched a series of sustainability rules designed to bring the country into line with best international practice. The Principles for Sustainability-Related Disclosures for Reporting Entities has been devised by UAE Sustainable Finance Working Group...

BlackRock appoint country head for UAE

BlackRock, the world’s largest asset manager, has appointed Mohammed Al Fahim to lead its client business in UAE, Oman and Bahrain. Al Fahim has been...

Mena AuM rises by 13% to $2.3trn

Assets under management (AuM) in the Mena region reached US$2.3 trillion in 2023, exceeding the global average. Globally, the asset management sector saw AuM rise...

Mena fintech group adds Qatar chapter

The Mena Fintech Association, a not-for-profit organisation advocating for the region’s startups, has launched a Qatar committee. The association has described the step as a...

PIF plans bond issuance and reorganisation

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) is hoping to raise capital through a sterling-denominated notes offering. The fund, which has around...

Saudi law on regional HQ sees more than 120 relocations

Saudi Arabia’s newly introduced law that mandates overseas firms wanting to tender for state contracts must have their regional headquarters in the kingdom appears...

Bahrain and China wealth funds sign MoU

Bahrain-based sovereign wealth fund Mumtalakat has forged an investment link with Chinese sovereign wealth fund China Investment Corporation (CIC). A memorandum of understanding (MoU) was...

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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

PIF launches space company

Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) has announced a strategy to invest in the aerospace and satellite sectors. To this end, the PIF has launched Neo Space Group (NSG), a wholly-owned subsidiary designed to...

Privatisation to drive Mena IPO market – DIFC

Growth in the Mena region’s initial public offerings (IPOs) market will be dependent on three phases – privatisation of state entities, listings by family-owned businesses; and the rise of fintech startups. This is the conclusion of a report...

Singapore firm launches $100m Mena VC fund

Golden Gate Ventures, a Singapore-based asset manager, has launched a US$100 million venture capital (VC) fund aimed at startups in the Mena region. The Golden Gate Ventures Mena Fund will be domiciled in Qatar and is hoping to...

Strategy is the key to success in the GCC

To be successful in the Gulf, global asset managers must understand that strategy outcompetes speed or scale, argues Paul Doyle of Fiera Capital* Though we as an industry speak about the money-swell in the Middle East, it surprises...

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CLIMATE INVESTING

UAE launches sustainability reporting rules

Financial supervisors in the UAE have launched a series of sustainability rules designed to bring the country into line with best international practice. The Principles...

ESG sukuk market forecast to exceed $50bn

A report from credit ratings agency Fitch Ratings has predicted that the ESG sukuk market will be worth more than US$50 billion within the...

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...