EQUITIES

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...

UAE’s crypto craze sparks call for diversification

UAE residents are just as likely to turn to cryptocurrencies as a source of investment than they are to invest in a mutual fund. This...

Ashmore and QIA launch equity fund

The Qatar Investment Authority (QIA) and UK-based fund manager Ashmore Group have joined forces to launch an investment fund focused on Qatari stocks. The US$200...

Beltone to launch gold fund in Egypt

Egyptian fund manager Beltone Investment Management is set to launch a gold investment fund. The firm, a subsidiary of Beltone Financial Holding, has received initial...

Lunate Capital launches first sharia-compliant India ETF

Abu Dhabi-based alternative asset manager Lunate Capital has launched what it claims to be the world’s first sharia-compliant ETF tracking Indian stocks. The Chimera S&P...

Tadawul launches equity index

The Saudi Exchange, also known as Tadawul, has launched an index that tracks the top 50 companies according to market capitalisation. The TASI50 Index will...

GCC equity markets suffer 2023 slump

The equity markets of the GCC underperformed in 2023 when compared to counterparts around the world, according to a report from Kuwait-based fund manager...