Middle East
Quilter Cheviot targets Middle East with Dubai office
Discretionary fund manager Quilter Cheviot, which was acquired by Old Mutual Wealth in Q1 of this year, is to open a branch office in Dubai.
Middle East | 25 Jun 15
Dubai Gov’t initiates crackdown on unlicensed legal firms
The Dubai Government has identified more than 60 law firms operating illegally in the jurisdiction as part of its new crackdown on unlicensed legal services providers.
Middle East | 15 Jun 15
Saudi Arabian stock exchange opens to foreign investors
Saudi Arabia has today opened its $570bn Tadawul stock exchange to direct foreign investments for the first time, which is widely seen as a crucial stepping stone to the kingdom’s entry into the MSCI Emerging Markets index.
Middle East | 12 Jun 15
Dubai’s DIFC aims to triple in size by 2024
The Dubai International Financial Centre has announced plans to triple the number of financial firms operating from the free zone over the next decade, and boost assets under management to $250bn in 2024 from $10.4bn last year.
Middle East | 8 Jun 15
Sovereign funds extend move into infrastructure
The sharp slide in oil prices and low yields on traditional investments has seen sovereign wealth funds keep increasing their exposure to alternative investments like infrastructure and take on a more direct asset management role, according to a new survey.