On 23 January, new rules will apply for foreign investors’ access to the Saudi Arabia’s capital markets. The Saudi regulator – Capital Market Authority – issued a new set of guidelines on 9 January, designing the requirements for qualified foreign investors (QFIs), their affiliates, foreign portfolio managers and their managed funds, and expand the range of […]
Aberdeen Asset Management has established its first presence in the Middle East region by opening an office in Abu Dhabi in the United Arab Emirates. It has set up its regional hub in Abu Dhabi Global Market (ADGM), the international finance centre of Abu Dhabi, on Al Maryah Island. Aberdeen said it has become the first international […]
Luxembourg based Green for Growth Fund (GGF) has announced its expansion to the Mena region, offering green energy finance to firms in Egypt, Jordan, Lebanon, Morocco, the Palestinian Territories, and Tunisia. The GGF, which aims to cut energy use and CO2 emissions now invests in 19 countries by providing financing to local partners that on-lend […]
Duet – CI Capital, a joint-venture between alternative asset manager Duet Group and Egyptian investment bank CI Capital,has announced the appointment of Amr Helal to manage the group’s Egypt Opportunities fund. The Egypt Opportunities Fund is a USD300m (€270m) private equity fund dedicated to investing in Egyptian businesses and partnering with Egyptian entrepreneurs. In addition to […]
Baring Asset Management (Barings) foresees “excellent opportunities for investors who understand the nuances of local markets” in the Middle East and North Africa (MENA). According to the firm, MENA has one ot the fastest-growing populations in the world – with one in five between 15 and 24 years old. Barings recommends companies offering exposure to […]
Neuberger Berman has appointed Jahangir Aka as head of Middle East & North Africa (MENA), in charge of the firms distribution efforts in the region. Based in Dubai, he reports to Dik van Lomwel, head of EMEA and Latin America. Aka joins Neuberger Berman from SEI Investments, where he worked since 2006, most recently as […]
Equity manager Comgest has announced the expansion of its Global Emerging Market (GEM) team, appointing Gary Pinge as senior analyst and Abla Bellakhdar as analyst. Pinge joins the Asia ex Japan research team in Hong Kong, where he will be in charge of locating quality growth companies within the region. He joins from Macquarie where […]
Saudi Arabia is to open its stock market to direct investments by foreigners next year. This event is very likely to benefit the FMG MENA Fund since it has a large exposure to the country. “The market will be open to eligible foreign financial institutions to invest in listed shares during the first half of 2015, with God’s permission,” the Capital Market […]
Neuberger Berman has appointed Khalid Murgian as managing director, head of MENA, based in Dubai.
HSBC Global Asset Management has made a foray into wealth management in the Middle East and North Africa (MENA) region.
As in 2011, asset managers expect politics to keep driving markets in 2012. They discuss how to handle this climate.
Hopes that emerging markets can de-couple from their developed counterparts have been disappointed as “risk-off” investors retreat to their domestic base.