LATEST NEWS

Abu Dhabi lifts lid on sovereign wealth fund financials

ADQ, the smallest of Abu Dhabi’s three sovereign wealth funds (SWFs), has published a full financial statement for the first time. The move comes ahead of the fund’s first issuance of a dual-tranche dollar denominated inaugural bond. The debt sale is...

Alkhabaeer Capital announces IPO for traded fund unit

Saudi Arabia-based asset manager Alkhabeer Capital is planning to float its diversified income traded fund 2030 on the Saudi Exchange. The IPO will be open...

Investcorp launches $1bn Sino-Gulf investment platform

Bahrain-based alternatives firm Investcorp has secured the backing of Chinese sovereign wealth fund China Investment Corporation (CIC) for an investment platform that will target...

ADQ and Oman Investment Authority launch tech fund

Sovereign wealth funds in Abu Dhabi and Oman have joined forces for the launch of a US$180 million investment fund focused on new technology. The...

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...

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...

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...