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Jul 6, 2021 · In the Arab world, countries in the Levant and North Africa were way ahead of the GCC when it came to establishing their financial markets. For example, Egypt formed the Alexandria and Cairo stock exchanges in 1902 and 1904, respectively, and Morocco formed the Casablanca Stock Exchange in 1929. Meanwhile, the Saudi stock exchange wasn’t established until 2007, nearly 80 years later. However ...
May 4, 2023 · The latest investor to land in the city is Ray Dalio, who has an estimated worth of US$15.7 billion and is founder of the world’s biggest hedge fund, Bridgewater Associates, which has US$60 billion in AUM. Dalio is opening a branch of the Dalio Family Office in ADGM. Here are the top 10 asset managers in the UAE ranked based on the value of ...
- Kate Birch
Last year was a great year for asset management companies in the Middle East, thanks to the performance of the region’s stock exchanges, which have created over $1 trillion in wealth since the beginning of 2021. The total market cap of the Middle East’s stock exchanges stood at $4.5 trillion as of July 31, 2022, compared to $3.2 trillion in December 2020. Among the largest indices, the ADI ...
Apr 4, 2023 · 04 Apr, 2023. Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has attracted several notable names recently, taking the total number of wealth and asset management companies to over 300. The growth milestone reaffirms DIFC's position as MEASA’s top ...
3 days ago · 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 Gate Ventures Mena Fund will be domiciled in Qatar and is hoping to...
With a score of 721 on the GFCI, Dubai ranked as the most attractive financial hub in the Middle East and North Africa (“MENA”) in 2020. A strategic geographical location and vast resources accessible for investment in various industries present an opportunity for the Middle East to become a more significant financial hub.
1 day ago · Dubai Private-School Enrollments Reflect UAE Efforts to Open Economy. Number of Pupils (Thousands) ESG Focus on Human Rights. Of course, all investments carry risk, and the Middle East is no ...
