EQUITIES

PGIM plans first Middle East office

PGIM, the asset management arm of UK insurer Prudential, has announced plans to move into the Middle East. The firm, which has more than US$1.3...

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...

Investcorp seeks tie up with China wealth fund

Bahrain-based alternative investment manager Investcorp is reportedly in talks with China’s sovereign wealth fund about an US$800 million investment. The investment, from China Investment Corp...

UAE exchanges captured $1bn in foreign flows in Q1

The UAE’s two main stock exchanges, the Abu Dhabi Exchange (ADX) and Dubai Financial Market (DFM), attracted US$1 billion in net foreign inflows in...

UAE’s investment app users to hit 1m by 2028

The UAE is set to see more than one million users of investment apps in the next five years, according to research. Analysis from Singapore-based...

GCC equities market sees surge in foreign investment

The GCC’s equity markets captured US$890 million in net inflows from foreign investors in February 2024, according to the latest figures from research firm...

Fiera Capital opens Abu Dhabi office

Canadian asset manager Fiera Capital has expanded its presence in the Middle East after opening an office in Abu Dhabi. The new business, based in...

Rothschild & Co opens Saudi office

Independent financial advisory group Rothschild & Co has expanded its Mena presence with the opening of a new office in Riyadh. The move is part...

Saudi and Bahrain bourses sign cooperation agreement

The respective stock exchanges of Saudi Arabia and Bahrain have signed an agreement designed to bring more connectivity and liquidity to the region’s securities...

Greenstone gets licence in Saudi Arabia

Dubai-based fund placement firm Greenstone Equity Partners has been awarded a licence by Saudi Arabia’s Capital Market Authority (CMA). As a result of the managing...