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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...

Egypt Post relaunches asset management business

Post for Investment (PFI), the investment management business of Egypt Post, has launched PFI Asset Management with new management. According to PFI managing director and...

Fitch upgrades Ras Al Khaimah credit rating

Ras Al Khaimah, one of the lesser known of the seven emirates that make up the UAE, has seen its credit rating upgraded to...

ADIA-backed consortium makes bid for Hargreaves Lansdown

UK asset manager Hargreaves Lansdown (HL) has rejected a takeover bid from a consortium backed by Abu Dhabi sovereign wealth fund Abu Dhabi Investment...

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...

Saudi ETF to list in Tokyo

An ETF backed by the Saudi sovereign wealth fund Public Investment Fund (PIF) that will track Saudi stocks is set to launch on the...

Mubadala passes $300bn AuM

The portfolio of Abu Dhabi-based sovereign wealth fund Mubadala has broken through the the threshold of US$300 billion in assets under management (AuM). The fund...

UK asset manager to open Dubai office

North of South Capital (NoSC), a London-based asset manager with more than US$2 billion in assets under management, has announced plans to open an...

Apex opens office in Saudi Arabia

Fund services provider Apex Group has expanded its presence in the Middle East after opening an office in Saudi Arabia. Apex Saudi Arabia will be...

Mena IPOs see positive gains

The Middle East’s IPO market is set for continued growth in 2024, according to a recently released report into post-IPO activity. PwC Middle East’s latest...