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BlackRock and PIF to launch Saudi asset manager

Saudi Arabia’s sovereign wealth fund, the Public Investment Forum (PIF), is to provide US$5 billion to asset manager BlackRock to fund a venture in...

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...

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...

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...

Saudi Arabia launches investment apprenticeship scheme

The Saudi Central Bank has opened registration for the latest edition of its Investment Immersion Program (IIP), an apprenticeship scheme aimed at local investment...